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2006 Government of Canada study of real estate prices for the next 30 years.

2006 Government of Canada study of real estate prices for the next 30 years. Assumptions Canadian real estate prices will continue to increase faster than inflation. 2. Inflation over the next 30 years would be no more than 2%. Conclusion Prices would increase by an

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2006 Government of Canada study of real estate prices for the next 30 years.

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  1. 2006 Government of Canada study of real estate prices for the next 30 years.
  2. Assumptions Canadian real estate prices will continue to increase faster than inflation. 2. Inflation over the next 30 years would be no more than 2%.
  3. Conclusion Prices would increase by an average of 4% for Canada. 2. Toronto and Vancouver prices will increase by 5%.
  4. Average price for 2013 $523,036 up 5.21% from 2012 6.1% annual increase since 1973
  5. Projected Prices to 2036 5% 4%
  6. Toronto VS. The World Just how expensive—or not—is it to buy a condo in Toronto? The city sits at No. 15 out of 94 on the Global Property Guide’s ranking of the World’s Most Expensive Cities, based on average U.S.-dollar prices per square foot of centrally located condominiums (assuming a 550 square feet—one-bedroom unit): Price in Toronto: $385,000 CHEAP compared to… Monaco$3,056,270 London $1,194,000 Hong Kong $839,000 Tokyo $658,000 New York $615,000
  7. The 'Manhattanization' of Toronto 83.4% of people in New York City live in Condos or Apartment Buildings. 70% of people in Toronto and surrounding areas live in Condos or Apartment Buildings In Toronto, prices for single detached homes and townhomes are projected to go up 30% to 50% in the next decade. Condo living is sure to be the default housing option for those wanted to live in the city.
  8. Toronto’s red-hot condo rental market is showing no signs of cooling down Over the past two years, rents have risen by more than 10%, equal to an additional $170 per month or 23 cents per square foot on average. Demand for renting condos has heated up with less first-time buyers. Rental transactions have exceeded resale volumes in the condo market since mid-2012 Investors are increasingly choosing to hold their units rather than flip them for sale. Press Release: 2013 by Urbanation Canada’s leading condominium market research company.
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