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Toronto's sizzlers and fizzlers

Toronto real estate has been on a roller coaster ride over the past 40 years, with soaring highs, gut-wrenching lows, strange twists and heart-stopping turns. As an investment, you could always count on upscale areas like Rosedale, Forest Hill and the Bridle Path to produce good long-term returns.

But if you put your money in the Beach or Riverdale in the last 20 years – or in more recent hot spots like South Riverdale and East York – growth has been spectacular. And, while new development has boosted prices in outlying regions such as Milton, King and north Pickering, other areas in north Toronto and parts of Markham are flatlining.

Surprisingly, 40 areas across the GTA have not even kept pace with inflation since house prices hit their 1989 peak.

Maps published by the Toronto Star show how average house prices have evolved over the last 40, 20 and 10 years.

See the maps and data - which includes the outer regions of the GTA, reflecting the increasing coverage of the Toronto Real Estate Board, which tracks resale housing sales for the Greater Toronto Area.

July 13, 2008 in Toronto Real Estate Update | Permalink

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