Thursday, December 11, 2008

Last Recession in GTA lasted 12 years

The last time we had a recession in the GTA real estate market was 1990. The fall in prices began in the spring of 1990 and continued for many years.

The average prices in the GTA did not recover until 2002, 12 years later!
We are not predicting or even expecting such a price decline in the future, but this is a very chilling statistic.
I wish you and your family all the best,

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829

1 comment:

  1. excellent article, thanks for providing it and showing what happened the last recession, unreal