Mississauga Real Estate, Homes, TREB & MLS Blog by Mark Argentino: Average single family residential home prices increase for past decade

Mississauga Real Estate, Homes, TREB & MLS Blog by Mark Argentino

You have found the premier Mississauga Real Estate Blog. It's filled with Up-to-date and useful information about Housing Trends, Home Prices, Market Statistics, MLS Home Search, Buying and Selling Tips for Erin Mills, Meadowvale, Streetsville, Lisgar, Pheasant Run, Sawmill Valley, Credit Mills and Churchill Meadows areas of Mississauga, Ontario. Plus, you will find a few other posts about my clients real estate experiences and non real estate related topics that I hope you find of interest.

This graph illustrates the average single family residential prices in the GTA over the past 10 years. There has been a clear trend for the past decade that prices have increased every year.
Enjoy
Mark

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

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Labels: real-estate-market, real-estate-strategies, Toronto-market-watch, TREB-average-prices-toronto-2009

2 Comments:

At Monday, November 09, 2009 9:15:00 PM, Anonymous said...: Right, but this trend cannot continue forever. In rational world the higher prices go there will be less people to buy, except when you throw cheap money. I am still astonished that people in the middle of a recession would buy real estate and bid up prices. It seems so irrational. There is a limit to how high prices can go which has happend in Japan, US, Spain, England, etc.
At Tuesday, November 10, 2009 12:03:00 AM, Mark Argentino said...: Yes, we've seen this before in the mid to late 90's and once the market corrected in 89 to 94 it took 12 years to recover to the highs of 1989, see here:

http://www.mississauga4sale.com/blog/2008/09/some-perspective-on-canadian-markets.html

I've been involved in and watching the current run up of prices since 1995, prices have increased every single year since 1995 except last fall when prices dropped, but, prices have increased this year and the average price is now well over $400k and continues to increase.

All the best,
Mark