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

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

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300

Cell: 647-404-8150 
Toll Free: 1-888-507-0817

Search in:  
    
    
       

Sort by:

Toronto Market Increases 25.96% Annually over 40 Years

January 17, 2018 - Updated: January 17, 2018

Toronto Market Increases 25.96% Annually over 40 Years
 

Real Estate Performance over Forty Years (1977 to 2017)

How did real restate perform over the last forty years?
 

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 1976 was $64,559. That’s the same as the first of January 1977 number.
 

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

Let’s start out at the beginning of 1977 and compare that to now. We saw a $670,462 increase or 1,038.52 % over 480 months, or 0.0216 % per month which is 25.96% annually.  That’s the straight line percentage calculation not one which is internally compounded.
 

So, that’s a 25.96% annual increase over 40 years, which is a sizeable return over that time period.
 

Forty years of real estate performance looks very, very attractive.
 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com


Tagged with: treb statistics 40 year performance
| | Share

Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

Phone: 416-745-2300

BRMadigan@Rogers.com

Powered by Lone Wolf Real Estate Technologies (CMS6)