High density's up and low-density's down in the latest figures released by
RealNet.
"The
low-density market was down by about 10 per cent," says RealNet
president George Carras, of the numbers he released last week, "and the
high density market was up 30 per cent."
According to Carras,
this is primarily due to the fact that there is less and less
low-density housing stock being built, downtown and in the outlying
areas of the GTA. "You can't sell what you don't have," he says.
He
expects it to be a trend that continues, though the current
concentration of high-density building in the downtown core may lessen
as other areas get on the condo bandwagon.
"What you're seeing
now is the emergence of new nodes in Vaughan, Brampton, Oakville, but
the question is, what kind of high density is it?" Carras says in many
instances, it's involves a new trend of tower-free, four-storey
density. He points to
Daniels' first
townhouse project in Mississauga last summer as example.
Writer: Bert Archer
Source: George Carras
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