With over 11,000 sales in April 2015, the Toronto Real Estate Board (TREB) announced it is the highest sales result on record for the month, and a 17 percent overall increase in comparison to April 2014. Townhouse sales saw the largest increase in sales at 20.5 percent above April 2014’s sales amounts, followed by detached homes (a 17 percent increase) and condominiums (up 16.1 percent).
“The record April result clearly points to the fact that a growing number of GTA households view ownership housing as a high quality long-term investment,” said TREB President Paul Etherington. “This is evidenced by the strong sales growth we have experienced in Toronto and surrounding regions for all major home types.”
The most dramatic price growth in the GTA was for detached low-rise homes (up 11.4 percent compared to April 2014), followed by the better supplied townhouse and condominium segments (up 10.1 and 5.8 percent respectively). Jason Mercer, TREB’s Director of Market Analysis, asserts that “Demand for ownership housing was very high relative to the number of homes available for sale in April. This situation is not expected to change markedly as we move through the remainder of 2015.”
On December 20th, Greybrook successfully closed on a $42,000,000 investment completed by its managed issuer. The funds will be used to acquire and oversee the development of a prime parcel of land located at the intersection of Warden Avenue &…
Greybrook is proud to share our support towards the revitalization of The City of Cambridge’s Preston Memorial Auditorium. This contribution will play a crucial role in the ongoing renovation and expansion of the recreational facility, which will continue to serve…
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Since sales launched last October, the low-rise, master-planned community developed in partnership with Tribute Communities has continued to attract interest from prospective buyers eager to experience the small-town charm of Lindsay. With the grand opening of the showhomes, prospective buyers…
The rise of artificial intelligence (AI) and the increasing adoption of technology across industries has led organizations to explore new ways to transform and streamline operations to stay competitive. As a result, the demand for tech talent has surged, often…
One of the most common questions we hear from investors is: How do we determine where to invest, especially as markets evolve? In today’s dynamic real estate landscape, making sound investment decisions requires a disciplined and selective approach. During a…
We’re excited to share the highlights from Inside Track 2024, our annual investor event that offers industry-leading insights and engaging discussions on the future of real estate and the broader economy. This year, attendees had the opportunity to hear from…
Greybrook and our partners PMG, are pleased to announce that pre-leasing has commenced for Society Atlanta. Located at 811 Peachtree St. NE, Society Atlanta is a 31-story tower featuring 460 rental apartments, over 87,000 square feet of office space and…
We recently had the opportunity to fly over our Archetto Towns project in Woodbridge, offering a new perspective of our 91 townhomes low-rise community. Standing out against the eye-catching backdrop of vibrant fall foliage, this exclusive collection of contemporary townhomes,…
We are thrilled to announce that our Artistry Condos high-rise development in Toronto’s vibrant Grange Park community has reached a significant milestone with the successful topping-off of the building. This achievement marks the completion of the structural formwork at its…
