According to BILD there were 42 new projects released for sale in the first quarter of 2012 with most being launched in March.
New high-rise sales (Condos) for March were down 8 per cent from the same time last year but low-rise home sales were up 12 per cent to 2,128 units.
Resale Toronto Condos continue to be a better deal for buyers with a large price difference between new and resale units.
It is estimated that the GTA is home to 17,000 to 20,000 new home and?Condo?units in a typical year but this year that number is expected to reach 22,000 to 23,000.
There is definitely no shortage of new Toronto Downtown?Condos with more and more reports, almost daily of new Condominium projects. It is truly a wonder where downtown residents lived just a few years ago.
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