The number of single-family home sales — a category that includes detached, semi-detached and townhouses — rose 50 per cent in August, while condo sales took a slight dip by 1 per cent. Condos have dominated new home sales this year, accounting for 11,494 sales, compared to 2,570 single family homes. Sales are down 55 per cent in the condo market year over year and single-family home sales have dropped 59 per cent in the same period. It said only two developments went on the market in August, reducing the inventory of new construction homes available by about 1,200 units since July. Of the 13,619 new construction homes on the market in August, 8,842 were condos and 4,777 were single-family homes.

Source: thestar September 26, 2018 17:15 UTC