Real Estate – Forever Growing Investment

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Bring up the topic of real estate at any gathering this summer, and the questions of housing rates will be shifted towards the increasing property values.

According to a weekly survey, Canadian Confidence Index, most Canadians feel confident about housing market outlook. The respondents’ opinions are at the most optimistic rate since 2008. The results are right on mark. It is better to analyse these results after looking back at our city’s history.

The average selling price for July 2014 sales was $550,700 — approximately 7.5% compared to July 2013. Looking back 18 years, to July 1996, the average price was $199,856, reflecting an increase of 175%. (Toronto Sun, 2014)

While it’s important to note that this isn't a direct apples to apples comparison — geographic boundaries and the mix of housing types have changed over time — it does illustrate an indisputable truth: a sensible investment in housing provides strong long-term returns.


Further, in 1966, the average price for a new home was $22,500. Today, a parking space in a downtown condominium is worth more than this amount. A Toronto home purchased 78 years ago, in 1936, could have been snapped up for approximately $8,000. 

To learn more about the many benefits of home ownership, talk to a Greater Toronto Realtor, and to stay up to date on the latest market activity, be sure to visit my website http://www.mississaugahomes.properties/

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