Last June we wrote a blog comparing what your money bought you in 2013 versus what it did in 2008. You read the blog here. It was evident from these sales that prices had gone up substantially in five years. In this blog we want to show you what your money buys you in 2014 versus what it did just last year.You will see that prices have reached stratospheric levels and if you’re a home buyer waiting for the market to crash before buying, it may be prudent to act now instead of waiting. Doing so in Toronto, as evident from these examples, can wipe you out of the market completely.
As a matter of fact all of the following houses that sold in 2013 have gone up in value by at least 10% and a few even as high as 20% since they sold in 2013.