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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