Google+ FANNY LEE & THE TEAM :Own Homes. Grow Wealth. Pass It On.: GTA Average Home Price 1966 - 2014

Wednesday, January 7, 2015

GTA Average Home Price 1966 - 2014

Toronto Real Estate Board (TREB) reported December Greater Toronto Area (GTA) home resale numbers.  We had the 2014 annual data to chart our GTA Average Home Price monitoring.

2014 recorded 92,287 sales representing a 6.7% increase from 2013.  Compared to the 2007 record of 93,193 resales, 2014 was short by 906 transactions.  The average home sales price in 2014 was $566,726 as opposed to $522,298 registering a 8.4% annual growth.

When TREB first started tracking home resale price in 1966, the average home sale price was $21,360.  In 48 years, the value has grown 26.53 times.  It translates to an annual growth rate of 6.98%.  

簡介 ] 2014年,大多倫多錄得92,287宗房屋買賣(resales). 比2013年,增長6.7%. 僅差2007年93,193紀錄906宗交易。大多房屋平均售價由2013年的$522,298升8.4%至$566,726. 在1966,大多樓房售價只是$21,360,經過48年後,平均樓房價升26.53倍,平均每年增長率為6.98%。

Toronto Area real estate has generally been a good vehicle for one to grow wealth over a longer period.  As our motto says:

          Own Homes.  Grow Wealth.  Pass It On.

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