Brian Madigan LL.B., Broker
BRMadigan@iSourceRealEstate.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300
Toll Free: 1-888-507-0817

 

Search Blog

Search in:  
    
    
       

Sort by:

Toronto Market Increases 11.13% Annually over 15 Years

January 12, 2018 - Updated: January 12, 2018

Toronto Market Increases 11.13% Annually over 15 Years
 

Real Estate Performance over Fifteen Years (2003 to 2017)
 

A fifteen year time period is fairly extensive in terms of measuring performance of any asset class.
 

The average sale prices as reported by TREB for single family homes of all types in the GTA, including houses, townhouses and apartments, for the period ending 31 December 2002 was $275,371. That’s the same as the first of January 2003 number.
 

The December closing number for 2017 was $735,021.
 

Let’s start out at the beginning of 2003 and compare that to now. We saw a $459,650 increase or 166.92% over 180 months, or 0.0093% per month which is 11.13% annually.  That’s the straight line percentage calculation not one which is internally compounded.
 

So, that’s an 11.13% annual increase over 15 years.
 

That’s a very excellent return over a 15 year period.
 

As we get into longer periods of time like this, it may be “comparing apple to oranges”. The housing stock is not the same, it’s being gradually updated.
 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com


Tagged with: treb prices fifteen year increase 11.13 annually
| | Share

Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

Powered by Lone Wolf Real Estate Technologies (CMS6)