How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
The suburb’s capital gain of 0% for the past year is lower than average compared to its 21.79% growth within a five-year period.
Also in TORONTO, the median home price is sitting at $450,000, and the average rent at $375, this suggests property owners could potentially earn a 4.33% increase in gross rental yield.
Property investors have seen a -2.17% drop in TORONTO based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.69% growth over a ten-year period. It ranks 1749th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $450,000 | $440,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.17% | 1.73% |
| Median 12 month | 0% | -0.79% |
| Median 3 years | 15.38% | -10.2% |
| Median 5 years | 21.79% | -20.22% |
| 10 years average annual | 4.69% | 4.49% |
| Weekly media advert. rent | $375 | $385 |
| Time on Market | 68.7 days | 96.8 days |
| Gross Rental Yield Percent | 4.33% | 4.55% |
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