A few years ago the townhouse market was in the toilet, to put it kindly. The slow sales, depressed pricing, and too much over building really killed the allure of this business for me. I may have also said something regarding how the city comes down hard by throwing or imagining every possible costly and pointless regulation on the builder of townhouses. So what has changed? All the builders jumped hard back into the rc2 business of semi detached housing and costs to build went up so much less townhouses were started. And the townhouses that were started were mostly directed at the rental market. Supply went way down, and now the market is much better. The market knowledge you need to have to operate here is crazy. It is like niches within niches and timing and momentum. Tricky time to be a builder and every little piece of the job is costing more, more, more.
A sellers market in townhomes ? Almost 3x the sales volume from 2018 year to date ? Half the historic inventory. Just a wild market.