Reports indicate that the new housing market in the Greater Toronto Area (GTA) is regaining stability in early 2012 after a record-breaking sales year in 2011, said the Building Industry and Land Development Association (BILD).

RealNet Canada Inc., BILD’s source of new home market intelligence, reports that February low-rise sales in the GTA increased by 16 per cent over February 2011. These numbers are close to the historic trend, when compared to February 2010, which saw 1,610 sales.

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