Real Estate

How Does Mass Immigration Affect Canada’s Real Estate Markets?

Best cities: How does your town stack up?

 

House Prices: ($) 2002-2012 (Source: CANADIAN MORTGAGES INC.)

 

City                                                   2002                          2012                             Average Annual Growth        

                                                                                                       (%)                  

 

Edmonton                     150,165             334,318                         8.30

Hamilton                      183,442             360,059                          7.00

Quebec City                  107,721             259,117                         9.20

Regina                           100,751            301,145                        12.00

Toronto                          275,887            498,973                         6.10

Vancouver                     301,473             730,063                        9.20

Ottawa                           200,711             352,610                        5.80

Montreal                       153,293              326,389                        7.90

Calgary                          198,350             412,315                        7.60

Victoria                          242,503             484,164                        7.20

 

Source: 24 hrs Newspaper/Finance/PG 23/Tuesday June 4th, 2013

 

25%: The Minimum Down Payment on Any Property In Order To Reduce Risk

 

City                                  2002              Recommended Down Payment (25%)                              

                                                                                                                    

 

Edmonton                     150,165X .25 = 37,541.25          

Hamilton                      183,442X .25 = 45,860.50          

Quebec City                  107,721X .25 = 26,930.25          

Regina                           100,751X .25 = 25,187.75

Toronto                         275,887X .25 = 68,971.75

Vancouver                     301,473X .25 = 75,368.25

Ottawa                           200,711X .25 = 50,177.75             

Montreal                       153,293X .25 = 38,323.25             

Calgary                          198,350X .25 = 49,587.50             

Victoria                          242,503X .25 = 60,625.75             

 

 

25%: The Minimum Down Payment on Any Property In Order To Reduce Risk

 

City                             2012                          Recommended Down   D.P (%) Growth   Avg. Growth                                          

                                  Payment (25%)                        (Btn-) 2002-2012   (%) / Year

 

Edmonton         334,318 X .25 = 83,579.50               122.63%                 12.26%

Hamilton          360,059 X .25 = 90,014.75                  96.28%                   9.63%

Quebec City      259,117 X .25 = 64,779.25                150.54%                15.05%

Regina              301,145 X .25 = 75,286.25              198.90%                  19.89%

Toronto            498,973 X.25 = 124,743.25              80.86%                     8.09%

Vancouver         730,063 X.25 = 182,515.75            142.17%                  14.22%

Ottawa               352,610 X.25 = 88,152.50               75.68%                    7.57%

Montreal           326,389 X .25 = 81,597.25              112.90%                  11.29%

Calgary             412,315 X .25 = 103,078.75            107.87%                  10.79%

Victoria             484,164 X .25 = 121,041                    99.65%                   9.97%

 

 

Toronto Housing Market 25 year Appreciation only 3.4% per year!

Year                              Sales* ($)                       Average Sale Price* ($)    

 

1988                             49,381                           229,635

1989                             38,960                           273,698

1990                             26,779                           255,020

1991                             38,144                           234,313

1992                             41,703                           214,971

1993                             38,990                           206,490

1994                             44,237                           208,921

1995                             39,273                           203,028

1996                             55,779                           198,150

1997                             58,014                           211,307

1998                             55,344                           216,815

1999                             58,957                           228,372

2000                             58,343                           243,255

2001                             67,612                           251,508

2002                             74,759                           275,231

2003                             78,898                           293,067

2004                             83,501                           315,231

           

Toronto Housing Market 25 year Appreciation only 3.4% per year!

Year                              Sales* ($)                                   Average Sale Price*($)     

 

2005                             84,145                                       335,907

2006                             83,084                                       351,941

2007                             93,193                                       376,236

2008                             74,552                                       379,347

2009                             87,308                                       395,460

2010                             85,545                                       431,276

2011                             89,096                                       465,104

2012                             85,585                                       497,301

Source: Toronto Real Estate Board 

http://www.torontorealestateboard.com/market_news/market_watch/historic_stats/pdf/TREB_historic_statistics.pdf

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