Greater Toronto AreaHigh Rise Projects

New Homes Monthly Market Report

Data as of November 2019

DATA SOLUTIONSAltusAnalytics

GTA Overview

DATA SOLUTIONSAltusAnalytics

Sales & Remaining Inventory

2015 2016 2017 2018 2019January

February

MarchAprilMayJune July

August

Septemb..

October

November

December

January

February

MarchAprilMayJune July

August

Septemb..

October

November

December

January

February

MarchAprilMayJune July

August

Septemb..

October

November

December

January

February

MarchAprilMayJune July

August

Septemb..

October

November

December

January

February

MarchAprilMayJune July

August

Septemb..

October

November

December

0

1,000

2,000

3,000

4,000

5,000

Sales

1,156

3,564

GTA - Monthly New Home Sales

19,570

21,456

18,045

26,35534,408 21,153 25,057

7,417 3,743 9,032

2015 2016 2017 2018 2019

0

5,000

10,000

15,000

20,000

Rem. Inv.

5,143

14,396

GTA - Monthly New Home Remaining Inventory

High Rise

Low Rise

High Rise

Low Rise

DATA SOLUTIONSAltusAnalytics

2015 2016 2017 2018 2019 2020

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

$1,100,000

$1,200,000

$1,300,000

NH Benchmark Price

$1,075,215

$866,827

Monthly New Home Benchmark Price (excludes extremes)

2015 2016 2017 2018 2019

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

Avg. $

Monthly Avg. Asking Price by Product Type (includes all projects)

Pricing

Product TypeApartment

Detached

Semi Detached

Townhouse

Project TypeHigh Rise

Low Rise

DATA SOLUTIONSAltusAnalytics

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Rem. Inv.

5,143

14,396

19,539

GTA - Monthly New Home Remaining Inventory

2015 2016 2017 2018 2019 2020

0

2,000

4,000

6,000

8,000

10,000

12,000

Rem. Inv.

230

3,689

10,477

GTA - Monthly High Rise Rem. Inv. by Construcon Status

Remaining Inventory

High Rise

Low Rise

Construcon StatusPre-Construcon

Under Construcon

Standing Inventory

DATA SOLUTIONSAltusAnalytics

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

November November November November November November November November November November

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Sales (units)

Avg. = 2,755Avg. = 2,755Avg. = 2,755Avg. = 2,755Avg. = 2,755Avg. = 2,755Avg. = 2,755Avg. = 2,755Avg. = 2,755Avg. = 2,755

High Rise Sales - Current Month vs Historical

2010 2011 2012 2013 2014 2015 2016 2017 2018 20190

5,000

10,000

15,000

20,000

25,000

30,000

35,000

High Rise Sales - By Year & Month

MonthDecember

November

October

September

August

July

June

May

April

March

February

January

Historical Sales Comparison

DATA SOLUTIONSAltusAnalytics

© 2019 Mapbox © OpenStreetMap

GTA - Acve High Rise Sites by Current Month Sales

Forest Hill Condominiums: 298

Universal City Condominiums - Tower Three: 148

Galleria 02: 125

Charisma on the Park - South Tower: 112

Nordic Condos: 102

Saint: 270

King's Mill at Backyard Condos: 210

Thornhill: 149

Stella at Southside: 100

20/Twenty Towns: 100

© 2019 Mapbox © OpenStreetMap

GTA - Top 10 Sites by Current Month Sales

Current Sites

DATA SOLUTIONSAltusAnalytics

Current Month High Rise Sales Breakdown

Opened in Prev. 12 Mo.2,395

Opened More Than 13 Mo. Ago318

Opened This Month851

Sales by Opening Date

Old Toronto1,330

Etobicoke289

Mississauga280

Scarborough274

North York218

Vaughan505

Sales by Municipality/Area

Pre-Construction: 2,840

Under Construction: 693Standing Inventory: 31

Sales by Const. Status

1 Bedroom755

1 Bedroom + Den912

2 Bedroom1,144

2 Bedroom + Den: 251

Studio: 213

3 Bedroom &Up: 271

Sales by Unit Type

Yes: 1,987

Call First: 1,577

No: 0

Sales by Sites with Broker Cooperaon

$500 to$600/sf: 280

$600 to$700/sf: 198

$700 to$800/sf: 921

Pricing Not YetAvailable: 0*

$800 to$900/sf: 629

$900 to$1,000/sf: 151

Over $1,000/sf:1,348

< $500/sf: 37

Sales by Price Range

Monthly Sales Breakdown

*Projects with current price per sf yet to be determined

DATA SOLUTIONSAltusAnalytics

Site Name Municipality opening date No# of Units Current MonthSales Rem Inv Avg. CurrentPric

ePerSqFoot

Borough - Tower A - G Group Development Scarborough 11/1/2019

Borough - Tower B - G Group Development Scarborough 11/1/2019

Saint - Minto Developments Old Toronto 11/2/2019

ANX - Freed Developments Ltd. Old Toronto 11/7/2019

Daniels FirstHome Markham Sheppard - Building A - Daniels Corporation andDiamond Corp Scarborough 11/9/2019

Daniels FirstHome Markham Sheppard - Building B - Daniels Corporation andDiamond Corp Scarborough 11/9/2019

Daniels FirstHome Markham Sheppard (Stacked) - Daniels Corporation andDiamond Corp Scarborough 11/9/2019

King's Mill at Backyard Condos - Vandyk Properties Inc. Etobicoke 11/9/2019

Galleria 02 - El-Ad Canada Inc. Old Toronto 11/12/2019

Bread Company - Lamb Development Corp. Old Toronto 11/14/2019

36 Birch - North Drive Old Toronto 11/23/2019

No. 31 Condominiums - Lanterra Developments Old Toronto 11/23/2019

SkyTower at Pinnacle One Yonge - Pinnacle International Old Toronto 11/30/2019

Grand Total

$8382820282

$8471020102

$1,234149270419

$1,3715738105

$63937477

$53317273

$5781529110

$73524210234

$1,03421125217

$1,31427633309

$1,51327027

$1,3374280428

$08400840

$9032,2258513,223

November 2019 - New Project Launches

2015 2016 2017 2018 2019

February

April

June

August

October

December

February

April

June

August

October

December

February

April

June

August

October

December

February

April

June

August

October

December

February

April

June

August

October

0

5

10

15

20

New Openings (Sites)

0

2,000

4,000

Total Units

Project Launch History - Sites & Units

* Projects launched or commenced signings within 10 days of month end cannot report any firm sales until the following month due to rescission period...

New Openings

*

*

*

*

*

DATA SOLUTIONSAltusAnalytics

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

0

5,000

10,000

15,000

20,000

25,000

30,000

Units

GTA - Yearly Scheduled Compleons by Current Construcon Status

2018 2019

January

February

March

April

May

June

July

August

September

October

November

December

January

February

March

April

May

June

July

August

September

October

November

December

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Units

GTA - Monthly Scheduled Compleons by Current Construcon Status

Scheduled Compleons

Construcon StatusPre-Construcon

Under Construcon

Standing Inventory

DATA SOLUTIONSAltusAnalytics

Top Builders - YTD

DATA SOLUTIONSAltusAnalytics

Top Builders - Last 12 Months

DATA SOLUTIONSAltusAnalytics

Site Name Municipality Product Type Unit Type2019

November

Forest Hill Condominiums - Centrecourt Developments Inc. Old Toronto Apartment 1 Bedroom

1 Bedroom + Den

2 Bedroom + Den

3 Bedroom & Up

2 Bedroom

Studio

Total

Saint - Minto Developments Old Toronto Apartment 1 Bedroom

1 Bedroom + Den

2 Bedroom + Den

3 Bedroom & Up

2 Bedroom

Studio

Total

King's Mill at Backyard Condos - Vandyk Properties Inc. Etobicoke Apartment 1 Bedroom

1 Bedroom + Den

2 Bedroom + Den

3 Bedroom & Up

2 Bedroom

Studio

Total

Thornhill - Daniels Corporation and Baif Developments Vaughan Apartment 1 Bedroom

1 Bedroom + Den

2 Bedroom

Studio

Total

Universal City Condominiums - Tower Three - Chestnut HillDevelopments

Pickering Apartment 1 Bedroom

1 Bedroom + Den

2 Bedroom + Den

3 Bedroom & Up

2 Bedroom

Total

46

39

0

30

71

112

298

36

30

20

0

111

73

270

6

41

14

18

103

28

210

1

55

60

33

149

57

4

12

48

27

148

GTA - Top High Rise Sites by Current Month Sales

Top Sites

DATA SOLUTIONSAltusAnalytics

Current Market Parameters & Trend by Area

$962/sf$965/sf

$848/sf $895/sf

$904/sf $1,005/sf

$1,275/sf$1,371/sf

$709/sf $766/sf

$740/sf

$692/sf $723/sf

Avg. = $960/sf

Avg. = $863/sf

Avg. = $957/sf

Avg. = $1,330/sf

Avg. = $737/sf

Avg. = $684/sf

Avg. = $705/sf

Last 13 Months

5.00.0

6.8 11.8

8.64.7

5.6 9.5

3.8

13.2

37.0

11.8 9.8

Avg. = 3.7

Avg. = 5.7

Avg. = 6.2

Avg. = 4.5

Avg. = 6.2

Avg. = 13.3

Avg. = 7.9

Last 13 Months

1,249 sf 1,375 sf

856 sf 962 sf

870 sf 937 sf

913 sf 878 sf

794 sf 740 sf

882 sf

922 sf

949 sf

Avg. = 1,315 sf

Avg. = 898 sf

Avg. = 879 sf

Avg. = 900 sf

Avg. = 795 sf

Avg. = 865 sf

Avg. = 924 sf

Last 13 Months

416 Area East York

Etobicoke

North York

Old Toronto

Scarborough

York

905 Area 905 All Muni.

$740/sf

$766/sf

$1,371/sf

$1,005/sf

$895/sf

$965/sf

$723/sf

Avg. Asking Price/SF

416 Area East York

Etobicoke

North York

Old Toronto

Scarborough

York

905 Area 905 All Muni.

882 sf

740 sf

878 sf

937 sf

962 sf

1,375 sf

949 sf

Avg. Remaining Unit Size (SF)

416 Area East York

Etobicoke

North York

Old Toronto

Scarborough

York

905 Area 905 All Muni.

37.0

13.2

9.5

4.7

11.8

0.0

9.8

Avg. Absorption Rate (Sales/Site)

Market Parameters by Area

DATA SOLUTIONSAltusAnalytics

Current Month Sales Compared to Previous Year by Submarket

SubMarket Municipality

November 2019Apartment Loft Stacked Total

November 2018Apartment Loft Stacked Total

Bloor - Yorkville Old Toronto

Central Waterfront Old Toronto

Don Mills - York Mills North York

Downtown Core Old Toronto

Downtown East Old Toronto

Downtown West Old Toronto

Etobicoke Waterfront Etobicoke

Highway7 - Yonge Markham

Richmond Hill

Mississauga City Centre Mississauga

North Toronto Old Toronto

North Yonge Corridor North York

North York East North York

North York West North York

Not Applicable Brampton

Burlington

Clarington

East York

Etobicoke

Georgina

Halton Hills

Markham

Milton

Mississauga

Newmarket

Oakville

Old Toronto

Oshawa

Pickering

Scarborough

Vaughan

Whitby

Whitchurch-Stouffville

York

Sheppard Corridor North York

Thornhill Vaughan

Toronto East Old Toronto

Toronto West Old Toronto

Yonge - St. Clair Old Toronto

Grand Total

5454 1414

3535 5959

36036 1239

7474 1616

374374 2929

109109 177177

22 99

108

0

3375

0

18

2

513

2

8080 519519

123123 139139

606 16610

440 505

13820118 27027

87

5

5

272

274

150

24

298

69

17

200

35

30

0

0

287

0

4

8

126

8

33

1

3

136

2

2

26

0

0

87

5

5

264

241

149

24

298

66

17

64

35

28

0

0

285

0

4

8

100

11

10

10

26

53

265

130

0

27

1

185

8

26

3

0

169

10

0

52

54

2

20

30

0

37

4

0

0

54

1

0

11

10

10

24

33

235

130

0

27

148

4

26

3

0

169

10

0

52

0

34034 301301

233233 99

4921037 344030

16715152 2710271

47047 11

3,564285103,269 2,69816512,532

Y./Y. Sales Comparison

DATA SOLUTIONSAltusAnalytics

Last 12 Month's Sales & Remaining Inventory by Submarket

SubMarket Municipality Apartment Loft Stacked Total

Bloor - Yorkville Old Toronto

Central Waterfront Old TorontoDon Mills - York Mills East York

North YorkOld Toronto

Downtown Core Old TorontoDowntown East Old Toronto

Downtown West Old TorontoEtobicoke Waterfront Etobicoke

Highway7 - Yonge MarkhamRichmond Hill

Mississauga City Centre MississaugaNorth Toronto North York

Old TorontoNorth Yonge Corridor North York

Old TorontoNorth York East North York

North York West North YorkOld Toronto

YorkNot Applicable Ajax

AuroraBrampton

BurlingtonCaledon

ClaringtonEast York

EtobicokeGeorgina

Halton HillsKing

MarkhamMilton

MississaugaNewmarket

North YorkOakville

Old TorontoOshawa

PickeringRichmond Hill

ScarboroughUxbridge

VaughanWhitby

Whitchurch-StouffvilleYork

Scarborough City Centre ScarboroughSheppard Corridor North York

Thornhill MarkhamVaughan

Toronto East East YorkOld Toronto

Toronto West Old TorontoYonge - St. Clair Old Toronto

Grand Total

605605476476

71913706

774774

8568561,9031,903

112112

281

0

66215

0

2,4312,431

1,0161,016

7373734

111101,1961271,069

239

13152

3,070

1,258

471206

3021,208

104

1,020233

1,082

100

1,53243

30

380650

161

154

84

112

46339

16

75

4

427

2

10

239

13152

2,909

1,104

387206

3021,096

102

557194

1,056

100

1,45743

26

380223

53110521

703703

35724123211,0574811,008

7107125,8571,8372523,995

Last 12 Months - Sales

Apartment Loft Stacked Total

3453451,4021,402

41922397

717717

9419411,3921,392

8282

352

0

175177

0

461461

455455

1529143

19190279107172

122

12187

543

1,225

87174

92377

120

485130

749

170

52744

67

265191

13

89

20

36

126

23

15

50

3

92

122

12187

530

1,136

67174

92341

117

359130

634

170

51244

67

265141

70814694

182182

22313420672274648

122279514,3968329913,465

Remaining Inventory

Sales & Remaining Inventory

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