{"id":161813,"date":"2017-01-18T15:31:31","date_gmt":"2017-01-18T20:31:31","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=161813"},"modified":"2017-01-18T15:31:31","modified_gmt":"2017-01-18T20:31:31","slug":"history-of-toronto-real-estate-peaks-and-crashes","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/news\/history-of-toronto-real-estate-peaks-and-crashes","title":{"rendered":"A history of Toronto real estate peaks and crashes in charts"},"content":{"rendered":"

<\/h4>

\"toronto-real-estate-market-crash-main\"<\/a><\/p>\n

Chart: Bosley Real Estate<\/a><\/em><\/p>\n

Greater Toronto Area real estate has seen a number of boom-and-bust cycles over the years, and a local realtor has charted half a century\u2019s worth.<\/p>\n

Using historical figures from the Toronto Real Estate Board, Marisha Robinsky, a long-time agent currently with Bosley Real Estate, shows the peaks and valleys of GTA price growth dating back to 1953.<\/p>\n

The average-price chart (adjusted for inflation using 2016 values) shows large-scale corrections, including one in the mid-\u201870s and another in the early \u201890s, the result of speculation driving overbuilding, says the Canada Mortgage and Housing Corporation.<\/p>\n

Gains in recent years have raised alarm bells with some market watchers predicting another correction is on the way. However, Robinsky notes in a second chart that yearly price appreciation, at least percentage wise, pales in comparison to previous booms this time around.<\/p>\n

\"percent-increase-toronto-chart\"<\/a><\/p>\n

Chart: Bosley Real Estate<\/a><\/em><\/p>\n

Twice since 1953 the average price of a GTA home has surged around 35 per cent annually \u2014 including the all-time high of 36 per cent in 1987 \u2014 on an unadjusted basis. In 2016, the average price increased 17.3 per cent to $729,922, according to TREB.<\/p>\n

Robinsky draws attention to the fact that looking strictly at dollar values adjusted for inflation, prices rose approximately $50,000 in 1987 but gains were roughly double that last year.<\/p>\n

Ups and downs may make some potential purchasers wary \u2014 and present risks for speculators \u2014 but Robinsky doesn\u2019t think the average homebuyer should be worried.<\/p>\n

\u201cI think if somebody\u2019s buying [a home] for themselves for the long term it probably doesn\u2019t really matter,\u201d says Robinsky tells BuzzBuzzNews in an interview.<\/p>\n

\u201cThey\u2019re going to love the place and live in it,\u201d says Robinsky, who admits she bought her home in 1988 when the Toronto market peaked. \u201cDo I regret it? No,\u201d she says. \u201cI still live in it,\u201d Robinsky laughs.<\/p>\n

If a homeowner holds onto their property for a decade, Robinsky suggests they will end up on top: \u201cYou can\u2019t go wrong in any kind of market.\u201d<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

GTA real estate has seen a number of boom-and-bust cycles over the years, and a local realtor has charted half a century\u2019s worth.<\/p>\n","protected":false},"author":23,"featured_media":161817,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2017-03-28T07:19:12Z","apple_news_api_id":"1d1110fc-8bff-4e00-9919-1b446c86f731","apple_news_api_modified_at":"2017-03-28T07:19:12Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AHREQ_Iv_TgCZGRtEbIb3MQ","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11108],"tags":[11164,11199,3595],"coauthors":[8692],"apple_news_notices":[],"yoast_head":"\nA 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