It’s been an exceptional decade in Ontario’s housing market, with lots of ups, a few downs, and plenty of questions. RE/MAX INTEGRA is pleased to present Decade In Review, a deep dive into Ontario six largest housing markets from 2007 to 2017.
Between 2007 and 2017, the province’s six major housing markets experienced substantial growth despite some serious challenges that included a financial crisis and subsequent recession. RE/MAX found that housing values more than doubled in the 10-year period in the Greater Toronto Area and Hamilton-Burlington, while average price rose 81 per cent in Kitchener-Waterloo; 63 per cent in London-St. Thomas; 62 per cent in Windsor; and 44 per cent in Ottawa.
“Lower borrowing costs helped to jumpstart the province’s real estate engine, creating one of the most dynamic housing markets in recent history,” says Christopher Alexander, Executive Vice President and Regional Director, RE/MAX INTEGRA, Ontario-Atlantic Region. “For existing homeowners, especially those who purchased early in the decade, the equity gains realized have exceeded all expectations.”
Click HERE for the full report.
Do you have any questions about Toronto Real Estate? Please contact me direct at or by email, David@DavidStoddard.ca
** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page