Q4-2019 GTA LAND INSIGHTS REPORT
1. 36 transactions in the Greater Toronto Area were reviewed for this report. The properties sold for $111 per-buildable-sf on average, a decrease both quarterly and annually.
2. In Q4-2019, high-density lands sold on a buildable-sf basis for approximately 10% of projected overall average revenue, down from 13% in the third quarter.
3. The average property with high-density redevelopment potential in Toronto (former City boundaries) sold for $187 per-buildable-sf overall in 2019, an increase of 28% year-over-year. Purchasers paid for land at an estimated rate of 15% of overall revenue per-square-foot.