According to Toronto condominium market analysts Urbanation Inc., a total of 21,605 new condominium apartments were sold in the Greater Toronto Area last year, making 2014 the third best year on record for new condo sales. The number represents a 51 per cent increase over 2013. Sales of existing condos grew 14 per cent, year-over-year, to a record 17,819 units.

In 2015, one out of every three homes purchased in Montreal, Que. will be a condominium, according to a survey commissioned by the Québec Federation of Real Estate Boards (QFREB) and the Fonds immobilier de solidarité FTQ. The survey, which focused on buying and selling intentions, found that 65 per cent of those intending to buy already own a home while 36 per cent are first-timers.

When compared with data from 2013, sales of GTA homes over $1-million (luxury sales) grew by a staggering 38 per cent in 2014, says Sotheby's International Realty Canada (Sotheby’s). In an annual report, the real estate sales and marketing company found that, across several of Canada’s major real estate markets, luxury sales finished the year with positive year-over-year growth.