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

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Toronto Market Increases 8.55% Annually over 25 Years

January 15, 2018 - Updated: January 15, 2018

Toronto Market Increases 8.55% Annually over 25 Years
 

Real Estate Performance over Twenty Five Years (1992 to 2017)

How did real restate perform over the last twenty five 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 1991 was $234,314. That’s the same as the first of January 1992 number.
 

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

Let’s start out at the beginning of 1992 and compare that to now. We saw a $500,707  increase or 213.69% over 300 months, or 0.0071% per month which is 8.55% annually.  That’s the straight line percentage calculation not one which is internally compounded.
 

So, that’s an 8.55% annual increase over 25 years, which is a sizeable return over that time period.
 

The comparison may not work well over longer time periods. We are comparing “averages” to “averages”. The housing stock is not the same, it’s being gradually updated.

 

Also, remember, the CPI, inflation and the value of the dollar. This is just a simple “math exercise”.
 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com


Tagged with: treb statistics market twenty years performance
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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

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