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market
trends |
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GTA
(Greater Toronto Area) previous market
peak: February, 1989
GTA market bottom: 1993 (The 'Average Price' in Aurora was down 28.7% from
1989 peak.)
Market recovery, from 1993 to December 2005:
56% improvement
Aurora 'Average Price' December 2005 compared to February 1989: +11.1%.
The average Aurora house price reached, and passed, the previous
peak price established in 1989 during the year 2004 (15 years later). |
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| Aurora
Price Changes - 1989 to 2005 |
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Year
|
Yearly
Average
Price
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Yearly
Median
Price
|
Annual Change
in Average Price
|
%
Change
from 1989
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1989
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$346,228
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$285,000
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1990
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$291,338
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$260,250
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-15.9%
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-15.9%
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1991
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$271,154
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$242,000
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-6.9%
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-21.7%
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1992
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$248,590
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$226,000
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-8.3%
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-28.2%
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1993
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$246,689
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$225,000
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-0.8%
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-28.7%
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1994
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$254,480
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$227,000
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+3.2%
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-26.5%
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1995
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$250,122
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$223,000
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-1.7%
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-27.8%
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1996
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$248,788
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$216,000
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-0.5%
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-28.1%
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1997
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$260,273
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$233,000
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+4.6%
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-24.8%
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1998
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$256,322
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$230,500
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-1.5%
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-26.0%
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1999
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$269,785
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$232,000
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+5.3%
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-22.1%
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| 2000 |
$281,160 |
$242,900 |
+4.2% |
-18.8% |
| 2001 |
$280,170 |
$240,000 |
-0.4% |
-19.1% |
| 2002 |
$307,615 |
$259,900 |
+17.0% |
-11.2% |
| 2003 |
$332,749 |
$276,000 |
+8.2% |
-3.9% |
| 2004 |
$359,106 |
$299,950 |
+7.9% |
+3.7% |
| 2005 |
$384,716 |
$326,000 |
+7.1% |
+8.7% |
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Area
Market Summaries - 2004/2005
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Community
|
Year |
Properties
Sold |
%
Change |
Average
Price |
% Change |
Median
Price |
%
Change |
| Aurora |
05 |
913 |
-8.0% |
$384,716 |
+7.1% |
$326,000 |
+8.7% |
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04 |
992 |
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$359,106 |
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$299,950 |
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| Bradford |
05 |
416 |
0% |
$277,969 |
+8.5% |
$259,950 |
+8.3% |
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04 |
417 |
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$256,126 |
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$240,000 |
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| East
Gwillimbury |
05 |
287 |
+3.6% |
$373,656 |
+8.2% |
$332,000 |
+6.2% |
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04 |
277 |
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$345,362 |
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$312,500 |
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| Innisfil |
05 |
390 |
+8.0% |
$251,414 |
+12.7% |
$220,000 |
+7.3% |
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04 |
361 |
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$222,995 |
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$205,000 |
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| King |
05 |
287 |
+13.9% |
$575,473 |
+9.5% |
$471,250 |
+3.3% |
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04 |
252 |
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$525,345 |
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$456,000 |
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| Markham
/Unionville |
05 |
2306 |
+11.1% |
$396,997 |
+4.3% |
$365,500 |
+3.4% |
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04 |
2076 |
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$380,734 |
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$353,400 |
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| Newmarket |
05 |
1377 |
+2.5% |
$314,010 |
+7.7% |
$290,000 |
+7.4% |
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04 |
1343 |
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$291,583 |
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$270,000 |
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| Oak
Ridges |
05 |
624 |
+24.1% |
$430,354 |
+6.8% |
$408,900 |
+7.6% |
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04 |
503 |
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$403,083 |
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$380,000 |
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| Stouffville
(N12) |
05 |
215 |
-6.1% |
$430,058 |
+5.6% |
$360,000 |
+7.1% |
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04 |
229 |
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$407,341 |
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$336,000 |
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| Stouffville
(N13) |
05 |
116 |
-3.3% |
$540,757 |
-2.9% |
$460,000 |
+6.0% |
| |
04 |
120 |
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$556,919 |
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$434,000 |
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