Strong condo market drives August new home sales up n exceptionally strong condominium market contributed to solxd gains in Greater Toronto Area (GTA) new home sales in August, Peter Langer, president of the Greater Toronto. Home Builders‘ Association (GTHBA) said recently. The GTHBA‘s monthly market report, prepared by Brethour Research Associates, revealed that August new home sales totalled 1,125 units, an increase of 13 per cent over July, 1994, and 57 per cent over August, 1993. Condominium sales repreâ€" sented a whopping 45 per cent (502 units) of total August sales (condominium sales normally _ range between 25 per cent and 30 Countrywide 338â€"6550 *Sales Representative **Associate Broker ***Broker PRIVATE COU MlZ | $269,500 per cent of total sales). "This is the best August performance in six years (since 1988), and it marks the 11th consecutive month in which new homes have substantially exceeded the same month the previous year," said Langer. "Last year, our industry created more than 28,000 jobs.* It looks as though we‘re on pace to create more than 40,000 jobs this year. Those 12,000â€"plus additional jobs will be eagerly snapped up by unemployed workers in the various residential construction trades and proâ€" "The best news of all is that in the first eight months of 1994 there have been more new homes sold (11,064) than in all of 1993 (11,297)," he added. JEAN KEN | $204,900 vide a healthy boost to the local economy," Langer said. Langer expressed qualiâ€" fied optimism for the months ahead. "Working with our trades and suppliers, we have been able to offer the right prodâ€" uct at the right price, resultâ€" ing in excellent sales. Our biggest concern, however, is that the province‘s proposed planning reforms (Bill 163) will restrict the supply of land in the Greater Toronto Area, drive up prices, and undermine the housing affordability upon which we have built these gains," he said. * Each home built generâ€" ates 2.5 personâ€"years of employment, i.e., the equivaâ€" lent of two and a half fullâ€" time jobs for one year. 280 North Service Road West Oakville Ontario L6GM 282 Office Hours: Mon.â€"Fri. 9â€"9, Sat. 9â€"5 WEST OAK TRAILS. Fabulous home, backs sides on park. Approx. 2750 sf. of luxury upgrades. Hardwoods, crown moulding, huge open kit/fam room plus den. Municipality _ Freehold Condo North York . Scarhorough Markham _ ‘G'é'orgemwn Etobicoke TOTAL ir Research) GTHBA August ‘94 new home sales by municipality Countrywide Town Centre Realty Inc. 905â€"338â€"6550 126 37 174 162 32 37 you are thinking of Reall Estate | $199,000 176 172 158 128