80 Years of Rising Values By Investing in Real Estate
Wednesday Sep 03rd, 2014
The housing market in Toronto has changed considerably over the years. 18 years ago the average price for a home in Toronto was $199,856; 48 years ago, it was $22,500; 78 years ago the average price was $8,000. These figures show a large change from today’s average selling price of $550,700. What these numbers illustrate more than anything is that an investment in real estate provides strong long-term returns. Savvy investors in real estate know that real estate typically outperforms other types of investments.I
I want to reinforce the “real” investment of real estate that wins financial gains through time. There is no other investment that pays off like real estate, and to boot you can live in your investment while it appreciates. I advise my clients that time and again, opting to purchase a home offers extremely favourable results over time, even with the typical ups and downs any housing market experiences.
Given the numbers and how things have shaped up over the years, it is no wonder the housing market in Toronto and the GTA is on solid ground. I can tell you that while pride of ownership is important, more important is the fact that the children and grandchildren of homeowners from yesteryear have immensely benefitted from their family investments, and will continue this trend with their own progeny.
Investing in Real Estate in Toronto and the GTA continues to be the best investment you can make for you and your family’s financial future.
Recognized in the top 1% of all Toronto Real Estate Board's sales and properties sold in 2012-2014, Nancy Biderman is a respected Toronto Real Estate Agent providing extraordinary Full Service. Nancy has over 15 years of trusted Real Estate expertise. Her integrity, dedication to her clients' financial goals and overwhelming success is consistently reward with repeat clientele and referrals to their friends, families and associates. Nancy has also been awarded the Harvey Kalles Real Estate Ltd., Director's Circle accolade from 2000-2014.