The graph below clearly shows the pattern of the annual real estate cycle for Toronto, the GTA in Ontario over the past 20 years.
|This graph shows the cycle of how average price increases in the late winter and early spring, decreases during the summer months, increases again in the fall (but usually not as high as the highest price in the spring) and then decreases again over the early winter months. The cycle repeats itself with near certainty, year after year and has done so since at least 1995. When will this regular price increase stop? Nobody knows for sure, but it's a very interesting trend to see the seasonal fluctuations in home prices.|
The only period that didn't show this regular increase was late 2008 to early 2009 during the Global Financial Crisis when housing prices fell more than 50% in some markets in the USA and elsewhere. We only experienced a small downward 'blip' in our prices and then the steady increase began again in the spring of 2009
The graph below shows average single family residential prices of homes for the Toronto Real Estate Board. Or, maybe you would like to see the average prices of single family residential homes since 1985
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
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