Condo sales in Toronto reached an all-time high for the month of February this year, shattering the previous record by a margin of 26 per cent.
Typically known for being a slow month for real estate, an impressive 2,202 new condos were sold around the GTA. This is the first time sales in February have exceeded the 2,000... mark.
The Building Industry and Land Development Association said the number of condos sold, marked a 36 per cent, increase from last year.
The previous record was set back in 2002, long before the infamous housing bust of 2008.
February numbers showed the second lowest number of low-rise homes sold in history, partly due to a price increase thanks to a shortage of available housing.
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