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REAL ESTATE NEWS
| ADRESZ Solutions is now open for business |
| January 1 The fifth ADRESZ office, ADRESZ SOLUTIONS is now open for business. The office is located at 6400, rte Transcanadienne, Saint-Laurent, Qc, H4T 1X4 and [...] |
| Home sales decline in Montreal area |
| November 14 Home sales for the first 10 months of this year in metropolitan Montreal declined four per cent from the 2007 period to 36,955 transactions, the Great [...] |
| New marketing tool for real estate professionals |
| May 23 The ADRESZ network launched a new marketing tool designed to add superior value to real estate professionals working in today's evolving market condit [...] |
Investment properties
According to a new study, the average price for a Canadian home appreciated 264 per cent since 1981. Therefore, If you bought a house 25 years ago and have stayed put since, you made a wise investment.
The average price of a home in Canada rose 5.3 per cent annually on a compounded basis over the 25-year period studied, rising from $76,021 in 1981 to an estimated $277,000 in 2006. On a non-compounded basis, prices rose 11 per cent annually.
Average price for a residence in 2006:
Canada $276,824
Vancouver $509,876
Victoria $400,000
Toronto $351,941
Calgary $346,673
Ottawa $257,481
Edmonton $250,915
Montreal $215,659
Saskatoon $160,577
Regina $131, 851
Price appreciation topped 240 per cent in seven Canadian cities, including Montreal with a tremendous 292 per cent growth in real estate pricing.
There are several factors that likely contributed to the gradual rise in housing values in Canada:
Number one is a 25 per cent increase in Canada's population over the period studied. The greater the population, the higher the demand in housing.
The second underlying factor is the greater economic diversity in many regions of Canada. This has increased housing demand and therefore pushed up prices.
Immigration has also been a powerful driver behind housing demand.
No matter where you live, you're paying for your lodging either way so it makes sense to have that as a primary investment strategy. Everybody has to live somewhere, and because you can't raise your family in a mutual fund, there's always going to be a high demand for housing and real estate.
Canadians who poured their savings into a house 25 years ago are getting a very solid return on their investment. They saw home ownership as a logical, long-term investment and they were right.
Housing values will continue to climb over the coming year and in the foreseeable future. Therefore, it is a wise decision for all Canadians to buy now and reap the rewards later in life.
FEATURED LISTING OF THE WEEK
$79,000 Ahuntsic-Cartierville (Montréal)
Lodge at your place to few expense to the price of a rent. Condo fees include heating, hot water, taxes, bulding insurance, maintenance.Oriented Nord-West.Close to the train and subway, located 5 min. to shopping center, school etc. Very beautiful area. Price to sell. Make it fast!
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Real estate glossary
$79,000 Ahuntsic-Cartierville (Montréal)
Lodge at your place to few expense to the price of a rent. Condo fees include heating, hot water, taxes, bulding insurance, maintenance.Oriented Nord-West.Close to the train and subway, located 5 min. to shopping center, school etc. Very beautiful area. Price to sell. Make it fast!
 | Michael Dexter Affiliated real estate agent Phone 514-242-4150 Phone 514-482-1111 Fax 514-482-1111 Send me an email Visit my website View all my listings |
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