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A decade ago there were 17,304 of these homes which include single-detached and semi-detached houses and townhomes. "February data demonstrates, quite clearly, that our housing supply crisis in the GTA is getting worse," says BILD President and CEO Bryan Tuckey . "Our members are building to current provincial intensification policy and we are building less low-rise single-family housing and more high and mid-rise housing but consumer demand for low-rise homes has not dropped. "Today in the GTA we have a scarcity of single-family ground-related housing that is not just unprecedented it is almost inconceivable," says Tuckey. "As a result we are seeing record breaking condo sales and continued price growth." At the end of February, there were only 324 new detached homes available for purchase in builder inventories. In February 2007 , there 12,064 such homes available to buyers. February saw available new detached homes reach a new record average price of $1,469,449 , while the average price for all single-family ground-related product, which also includes semi-detached and townhomes, climbed to a new high of $1,081,013 . According to Patricia Arsenault , Altus Group's Executive Vice President of Research Consulting Services, the low inventory of available single family product is a key factor driving price increases and it is limiting choices for consumers. "If I were shopping for a single-family home ten years ago, I would have been able to choose from among 500 different sites and nearly 18,000 units," she says."Today, there are less than 100 projects with any available units to purchase, totalling only about 1,000 units. And I would have to act very quickly to get one of those." In the GTA in February, there were more than twice as many new condo apartments sold than low-rise units. Altus Group recorded, 3,542 sales of condo apartments in stacked townhouses and mid and high-rise buildings, and 1,541 sales of new detached and semi houses and low-rise townhomes. Condo apartment sales in February were up 79 percent over the same period last year and more than double the ten-year average.The month's condo apartment sales were driven by continued strong sales in Toronto (1,661 units) and a significant increase in 905 sales, which included 105 unit sales in Durham , 107 in Halton, 370 in Peel and 1,299 in York . Average prices for available new condo apartments in the GTA also set records in February.




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"It's embarrassing for South Australia," he told the debate audience. "The spotlight right around the nation, whether the premier likes it or not, is on South Australia because his policy has failed." Mr Frydenberg initially noted the importance of state and federal governments working together and spruiked his government's announcement of a $2 million expansion of the Snowy Hydro scheme at the AGL event on Thursday. The gloves came off when Mr Weatherill, days after announcing the SA government's energy plan, chided Mr Frydenberg for his treatment of the state. "I have to say it is a little galling to be standing here next to a man who has been standing up with his prime minister bagging South Australia at every step of the way over the last six months," he said. Mr Frydenberg said it reflected "very poorly" on Mr Weatherill that he had chosen the launch, for something SA had not funded, for his verbal attack. He also labelled SA's new energy policy the premier's "$550 million admission of failure". The events unfolded at the garage of Geoff Perkins, the first recipient of a solar battery in the AGL network, who admitted it was "marvellous to watch". "It was deliciously uncomfortable where I was sitting, it was obviously uncomfortable for others, but the journalists were just wetting themselves. It was marvellous to watch, salivation everywhere," he told ABC radio on Friday.

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