The Ontario government’s fair housing plan, introduced in April, has had little real effect on the new home market in the GTA. Prices continue to increase and supply — especially for single-family low-rise homes, — continues to be low.

In May, the GTA’s new housing market showed few signs of slowing down, particularly the condominium segment, according to Altus Group BILD’s official source for new-home market intelligence.

Sales of new condo apartments in high-rise and mid-rise buildings, and stacked townhomes — which are also known by the term multi-family housing — continued to be strong and the prices of available units increased substantially.

Meanwhile, prices of available homes in the low-rise single-family segment, which include detached, semi-detached and townhomes, were also up — albeit not as dramatically as in previous months. That being said, in May, for the first-time the average asking price for available new townhomes surpassed the $1-million mark. Available new detached homes reached that milestone only 15 months ago, and in May the average asking price for the few such homes that were available was $1,942,316.

For full details on the market statistics for June 2017 - http://www.trebhome.com/market_news/market_watch/2017/mw1706.pdf