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So far, 2456 apartments and 414 single-family units have been sold in the city, compared with 291 and 91 in 2018.
According to the news website yorkregion.com, the population of Wanjin City is slightly higher than that of Wang City, with 726 apartments sold this year ranking second. However, in terms of family housing category, Richmond Hill ranked second with 199 units sold, while Stowell ranked third with 187 units sold. Justin Sherwood, senior vice president of the Construction and Land Development Association, told the regional newspaper “Vaughan Citizen” that the property market in Wang City is very active because a number of new projects are being concentrated in its metropolitan center, and the attraction is to connect the subway system.
Whether it is the data from the construction industry and the Land Development Association or Shuluohuodi’s statement is not surprising, the York district government said that the city has the largest number of construction projects in each town, and so far there are 21 regional transport projects to support regional growth.
Compared with the Greater Toronto area, York sold 1418 units, second only to Peel, which locked up 1519 units, and Horton ranked third with 1120 units. In terms of apartments, the city of Toronto is expected to top the list with 7484 units sold, with York District in second place with 3453 and Pierre District in third place with 2813 units.
Across the Greater Toronto area, sales of condominiums and single-family homes also increased year-on-year in July, the association said. According to Altus Group, the new houses include detached houses, townhouses, semi-detached houses and town houses, with a total of 566 units sold in July. Although sales have risen 136% in the past July, they are 29% lower than the 10-year average.
As for low, medium and high-density new apartment buildings, 2297 stacked townhouses and attic units have been sold; this is an increase of 22 per cent since July 2018 and 42 per cent higher than the 10-year average.
David Wilkes, president of the association, said that as the price gap between single-family homes and apartments narrowed, new buyers lacked choice. Therefore, Hong Kong needs to develop more housing suitable for the middle class, so as to support the transport development of the built communities.
