2 minute read time
September 23, 2020

Sign up today to get the latest blogs delivered straight to your inbox.

You can tell a lot about where a real estate market and broader economy are going by looking at land sales. During the pandemic, we all find ourselves seeking data that signifies the emergence of new trends or reasons for optimism.

Greater Toronto Area land sales provide both.

Here are five key takeaways:

No slowing

The GTA saw $342.2 million in industrial land sales between April and August 2020, with 507 acres trading hands. That compares favorably with the same period last year, when the region’s industrial land sales volume totaled $362.4 million, for 560 acres.

Logistics rule

Demand for logistics and fulfilment properties is driving industrial land sales higher. Sites that can be developed in the next 10 to 18 months are being aggressively pursued by companies looking to build their own facilities and control their real estate.

Perception shift

Industrial buildings have rarely been seen as the highest and best use for a site; office, retail or residential were always better options. But CBRE EVP Matt Brown says some retail centre owners have been mulling converting those spaces into warehousing to capture new business and higher rents.

Residential resurgence

$1.2 billion and 879 acres of residential land were sold in the GTA between April and August. Condo developers launched projects in core and non-core locations at pre-COVID market pricing, which gave confidence to others and is helping to resurrect condo land deals that paused when COVID hit.

Detached dream lives

Single-family home development land has become a hot commodity. People see detached homes as a safer and bubble-friendly alternative to high-density buildings. So developers are looking at low-density lands more closely, and this is where the deals have been happening.

Stay in the know

Subscribe today and join hundreds of professionals who get the latest blogs delivered straight to their inbox.

Most Recent Insights

6 Reasons To Feel Good About Canadian Retail

6 Reasons To Feel Good About Canadian Retail

October 27, 2020
Advantage Insights
October 27, 2020
HOOPP’s New Logistics Hub Is Another Vote Of Confidence For Industrial Real Estate

HOOPP’s New Logistics Hub Is Another Vote Of Confidence For Industrial Real Estate

October 22, 2020
Advantage Insights
October 22, 2020
How TikTok Is Driving Demand For Data Centres

How TikTok Is Driving Demand For Data Centres

October 16, 2020
Advantage Insights
October 16, 2020