Aurora Ontario Real Estate

Market Trends

Market Trends

GTA (Greater Toronto Area) 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).

Aurora Price Changes - 1989 to 2005

Year	Yearly Average Price	Yearly Median Price	Annual Change in Average Price	% Change from 1989
1989	$346,228	$285,000
1990	$291,338	$260,250	-15.9%	-15.9%
1991	$271,154	$242,000	-6.9%	-21.7%
1992	$248,590	$226,000	-8.3%	-28.2%
1993	$246,689	$225,000	-0.8%	-28.7%
1994	$254,480	$227,000	+3.2%	-26.5%
1995	$250,122	$223,000	-1.7%	-27.8%
1996	$248,788	$216,000	-0.5%	-28.1%
1997	$260,273	$233,000	+4.6%	-24.8%
1998	$256,322	$230,500	-1.5%	-26.0%
1999	$269,785	$232,000	+5.3%	-22.1%
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%

Area Market Summaries - 2004/2005

Community	Year	Properties Sold	% Change	Average Price	% Change	Median Price	% Change
Aurora	05	913	-8.0%	$384,716	+7.1%	$326,000	+8.7%
	04	992		$359,106		$299,950
Bradford	05	416	0%	$277,969	+8.5%	$259,950	+8.3%
	04	417		$256,126		$240,000
East Gwillimbury	05	287	+3.6%	$373,656	+8.2%	$332,000	+6.2%
	04	277		$345,362		$312,500
Innisfil	05	390	+8.0%	$251,414	+12.7%	$220,000	+7.3%
	04	361		$222,995		$205,000
King	05	287	+13.9%	$575,473	+9.5%	$471,250	+3.3%
	04	252		$525,345		$456,000
Markham /Unionville	05	2306	+11.1%	$396,997	+4.3%	$365,500	+3.4%
	04	2076		$380,734		$353,400
Newmarket	05	1377	+2.5%	$314,010	+7.7%	$290,000	+7.4%
	04	1343		$291,583		$270,000
Oak Ridges	05	624	+24.1%	$430,354	+6.8%	$408,900	+7.6%
	04	503		$403,083		$380,000
Stouffville (N12)	05	215	-6.1%	$430,058	+5.6%	$360,000	+7.1%
	04	229		$407,341		$336,000
Stouffville (N13)	05	116	-3.3%	$540,757	-2.9%	$460,000	+6.0%
	04	120		$556,919		$434,000

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