GREAT TORONTO HOUSING DATA
GREAT TORONTO CITIES INCLUDE:
For a complete list (all Great Toronto cities), check out:
Check out this link for historic housing price of Great Toronto area
Checking Real Home Price
Estimate Rental Income
Please note: housing price and rental income is affected by the specific location (eg. near Skytrain station), housing condition, etc.
Within 10 years, the average condo housing price in Toronto increases from 300k to 600k, equivalent to an annual increase of 7%.
In addition, the Great Toronto area is one of the most expensive city to live in Canada. Its average condo rental rate is around $2206 (CBC News), represent a return of 4.68% in rental income (average condo price is around $564521, Listing.ca).
Together, the condo investment rate in the Great Toronto Area is estimated to be over 11.68% before tax.
Lastly, if you are investing in using other currencies, you might experience extra benefits from Canadian currency appreciation.
For example, the currency exchange rate changed from 1 CAD to 41.5 Indian Rupee 10 years ago to 1: 52 today (xe.com).
This means if you purchase a fraction of property that worths 40,000 Indian Rupee, in addition to the 11.68% annual return, your actual return in Indian rupee will be 25% more [(52-41.5)/41.5]. The value you receive at year 10 end would be around 150,912 Indian Rupee (40K to 150K in 10 years).
Another example, the currency exchange rate changed from 1 CAD to 69 Pakistan Rupee 10 years ago to 1:105 today (xe.com).
This means if you purchase a fraction of property that worths 100,000 Pakistan Rupee, in addition to the 11.68% annual return, your actual return in Indian rupee will be 52% more [(105-69)/69]. The value you receive at year 10 end would be around 458,773 Pakistan Rupee (100K to 459K in 10 years).