The fact is that February 2021 was a solid month when compared with the 10-year average.” “We are talking about completely different sets of circumstances. When comparing February of this year to last, Dave Wilkes, BILD president and CEO says, “we need to be careful,” as February 2020 was an exceptionally busy month and was just before the pandemic hit. In February, the benchmark price for new single-family homes was $1,373,473, up 25.1% over the last 12 months. This was followed by Durham (457), Peel (335), Halton (83), and Toronto (77). Last month, the York Region accounted for the most single-family new home sales, with 665 units sold. READ: Residential Real Estate Leaders Support Ontario 2021 Budget
Sales of new single-family homes - including detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses) - accounted for 1,617 units sold, down 30% from last February but still 20% above the 10-year average. This number is still below the record-setting pre-pandemic performance of February 2020, the Building Industry and Land Development Association (BILD) said Monday.ĭuring a typically slower period, February saw a total of 3,240 new homes sold - while 9% above the 10-year average, this is still 34% below February 2020, according to Altus Group, BILD’s official source for new home market intelligence. The resiliency of the Greater Toronto Area (GTA) housing market continued in February, as new home sales were strong last month after more than 3,200 units were sold.
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