New pre-construction condo sales in the GTA totaled 5,385 units in the first quarter of 2021. This was just shy of the 5,593 figure from a year ago.
Buyers are making a return to the downtown core with 2,886 new units sold in the same time frame. It’s a figure that beat the pre-pandemic first quarter in 2020, which saw 2,829 units sold.
76% of new pre-construction condos launched in Q1 2021 found buyers by the end of the quarter – the highest since the real estate high of 2017
Keep in mind, these results were achieved in the absence of the usual market drivers. Demand will accelerate further as market drivers kick in once the borders open up with immigration, tourism, international students returning to the city!
Some great new condo developments launched this year. Check these out and please connect with our Lead Agent if you would like pricing and plan details.
Grand Central Mimico – located in Mimico. South Tower in the first phase at The Buckingham is launching soom
PRIME Condos – AAA downtown location has just release then terrace suites
Brightwater Towns – luxury townhome living by the waterfront starting from the $1,5M
