Thursday, February 17, 2011

By 2020 Average GTA house prices could be $638,000!

This graph shows the actual increase in residential sale prices in the GTA and the estimated prices based upon a 4% annual increase.

Current Average price for a single family home in the GTA is $427,000

Estimated average price by year 2015 is $525,000!

By 2020 average price estimate is $638,000!

Of course these are only estimates, but it shows that if the current trend continues prices will be well over $600,000 by 2020

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