According to the Building, Industry and Land Development Association, last month was the best May ever for sales. High-rise sales are up by a staggering 50 per cent in May to 2,433 sales. This comes on the heels of an April that was also the best on record.
On a year to date basis total new home sales in the GTA are running 12 per cent ahead of last year, but that’s purely on the back of condominiums, since low rise sales are down from last year.
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