Fewer home sales Toronto meant that developers had more time to spend with customers.
According to a survey by consumer research firm J.D. Power, The recession that gripped the Canadian home building industry last year may have hurt builders, but it also had some positive effects for consumers. Not only did prices go down, but also fewer home sales Toronto meant that developers had more time to spend with customers.
Adrian Chung, senior manager at J.D. Power said that with fewer closings, builders could devote more time to customers and the recession caused them to reorganize so that they could also concentrate on the product. In the 2010 survey of real estate for sale Toronto homebuilders, 20 per cent of buyers said they received a defect-free home and in 2009 only 8 per cent of buyers said their home had no problems.
The study revealed that lesser sales meant that the percentage of buyers offered discounts almost doubled in 2009. Nearly 17 per cent of all buyers of new homes in the GTA received a discount, compared with 9 per cent a year earlier. Mr. Chung said that this is a clear sign of the impact of the recession and the resulting action that some builders were forced to take to salvage new house sales Toronto. Builders traditionally try and hold pricing, but discounting was a sign of the times.
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