Prices of new low-rise homes in the GTA have reached a record high, according to the Building Industry and Land Development Association (BILD). The average

Colin J. Parsons, past president of Monarch Developments and BILD, was presented with BILD’s Lifetime Achievement Award on April 24.

For the second consecutive year and the sixth time ever, Mattamy Homes (Mattamy) was named “Home Builder of the Year” at the annual BILD Awards, held on April 24. Mattamy also received the award, which recognizes builders who set the standard for the rest of the industry through building and development leadership, in 2001, 2007, 2009, 2011 and 2014.

For the first time since 2012, low-rise sales have outpaced high-rise sales in the GTA for the first two months of the year, according to the Building Industry and Land Development Association (BILD). Up nine per cent from last year, new high-rise sales reached 1,333 units in February while low-rise sales totaled 1,465 units, a 17 per cent year-over-year increase.

According to the Building Industry and Land Development Association (BILD), sales of new homes and condominiums in the Greater Toronto Area were just above the 10-year average in January. In the high-rise sector, a total of 825 new condo sales were tracked for the month.

A report released by RealNet Canada Inc. (RealNet) and the Building Industry and Land Development Association (BILD) found that, in 2014, ten years after the Ontario government introduced its Greenbelt legislation and began promoting urban intensification, condominium completions hit record highs. Market analysts agree this is no coincidence.

As stated in a report from RealNet Canada Inc. (RealNet), new home sales across the GTA increased by a substantial 41 per cent, year-over-year, in 2014. With 39,736 transactions, the new home industry created thousands of jobs for Canadians while ensuring further job retention for years to come, says the Building Industry and Land Development Association (BILD).