Google+ FANNY LEE & THE TEAM :Own Homes. Grow Wealth. Pass It On.: GTA Home Average Selling Price (1966 - 2016)

Monday, January 23, 2017

GTA Home Average Selling Price (1966 - 2016)

We know that Greater Toronto Area (GTA) home re-sale market has been preforming strongly and made record resales both in 2015 and 2016.  In fact, the GTA home value (measured by annual average selling price) has been steadily appreciating since TREB tracking started 50 years ago in 1966.

The average selling price of a GTA in 1966 was $ 21,360.  In 2016, the price was $ 729,922, 34 times of 1966's.  This represents an average value appreciation of 7.32% every year for the past 50 years.  As shown, GTA property has been a very reliable longer-term investment vehicle to accumulate and grow wealth.

早前已報告 #大多倫多 住宅重售市場分別在2015和2016年創出新銷售紀錄。 其實, 自 #多倫多地產商會 從1966開始記錄市場數據 至今50年, 大多 #地產物業 價值一直穩步增長。

在1966年, 一間大多樓房平均售價是 $2萬1; 2016年的平均價脹34倍為 $73萬。 換句話說, 這50年來, 大多房產價值平均每年上升 7.32%。 所以, 大多倫多地產 不愧為一項穩健的長線儲蓄和投資工具。

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