Here are the annual returns if you owned property (single family home in the
GTA) from the following dates:
28 February (or the 29th) until 29 February 2024
Year Value % Increase Annual %
2014 $553,193 100.42 10.42
2015 $596,163 85.98 9.55
2016 $685,278 61.79 7.72
2017 $875,983 26.57 3.80
2018 $767,818 49.61 8.27
2019 $780,397 42.07 8.41
2020 $910,290 21.80 5.45
2021 $1,045,488 6.05 2.02
2022 $1,334,021 -16.88 -8.44
2023 $1,096,157 1.15 1.15
2024 $1,108,720 —- —-
The 10 year performance is a solid 10.42% annually. The interference with
performance took place in March 2022 when interest rates started to increase.
Coincidentally, the highest real estate values that we have seen, took place in the
previous month, February 2022. Then, the interest rates went up 20 times. So, if
you are looking for any explanation anywhere about what happening in the market,
that’s it.
Brian Madigan LL.B., Broker