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12
GTA Resale Values up 290% in 25 years
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GTA Resale Values up 290% in 25 years
A recent Re/Max study evaluating the Canadian Resale Real Estate market has remarked that, over the last 25 years, the Greater Toronto Area has seen resale home values grow by 290%. Or, an average of 11.6% / year. Therefore, an average price of a home in 1981 in Toronto would have been $90,203.00. That same home today would have an average price of $351,941.00. However, since values grow by compound interest, but a small compound rate of return of 5.6% / year was necessary to achieve this growth in value.
Other cities noted were Vancouver, 242% increase over 25 years, Calgary, 227%, Winnipeg 189%, Montreal 292%, etc. The largest increase in property value was experienced in Barrie, with an increase of 372% over 25 years. Exceptional.
To download the report, click here. 
For more information, contact:
Radu Medan
Sales Representative
Coldwell Banker Case Realty, Brokerage
416.250.9000
rmedan@trebnet.com
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February 12th, 2007
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