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 8.61% Annually over 10 Years

January 9, 2018 - Updated: January 12, 2018

 

Real Estate Performance over Ten Years (2008 to 2017)
 

Recently, we calculated that the Five years performance was a 10.71% annual increase over 5 years.
 

I think a five year history is a fairly good indicator of the market., but ten years might be better.
 

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 2007 was $394, 931.00.
 

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

Let’s start out at the beginning of 2013 and compare that to now. We saw a $340,090  increase or 86.11% over 60 months, or 0.0072% per month which is 8.61% annually.  That’s the straight line percentage calculation not one which is internally compounded.

 

So, that’s an 8.61% annual increase over 10 years.

 

That’s a very reasonable return over a 10 year period.
 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com


Tagged with: toronto performance gta ten years 2008 to 2017
| | 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)