# Some 60,000 condominium units were purchased last year in Toronto

By [Brandon Donnelly](https://brandondonnelly.com) · 2022-02-01

housing, housing-data, housing-supply, market-research, new-housing, q4-2021, real-estate, real-estate-market, urbanation

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So 2021 was a pretty good year for condominiums here in the Greater Toronto Area. According to the latest data (Q4-2021) from [Urbanation](https://www.urbanation.ca/), this is what happened last year:

*   30,844 new condominium sales. This is a 69% increase compared to 2020, which saw 18,282 new unit sales.
    
*   Fourth quarter alone saw 8,361 unit sales, which is the best quarter on record according to Urbanation.
    
*   Unsold inventory dropped 26% year-over-year because sales exceeded the number of new project launches by over 4,000 units.
    
*   Average price for an unsold condominium unit in Q4-2021 reached $1,322 psf, which is an 18% increase compared to the year before.
    
*   Resale condominiums also did exceptionally well with 29,880 unit sales -- a 49% annual increase.
    
*   All in all, some 60,000 condominium units were purchased last year in the GTA. Of course, some were ready to be lived in and some were future homes.

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*Originally published on [Brandon Donnelly](https://brandondonnelly.com/some-60,000-condominium-units-were-purchased-last-year-in-toronto)*