Thursday, February 17, 2011
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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