Is your Home an investment?

Tuesday, August 20, 2019 Written by Emmanuelle in News

Summer is an excellent time to make a step back and have a look at the big picture.
 
We all tend to forget the weight and the importance of the real estate in our economy. Let us have a look at a few figures:

  • the increase of value of a home over a 40 years period is staggering: on an average basis 8 x the initial value! If that was still needed this is the perfect evidence that homeownership is a sound long-term financial investment
  • Between 2014 and 2016 each GTA housing transaction has generated $ 68,000 in spin-offs expenditures making a total of $ 7 billion in average annual spin-off expenditures related to the Toronto Real Estate Board Home Sales!
  • During that same period the sales have generated $34.2 billion in annual activity and $ 2.9 billion of annual government revenues only in the GTA
  • Finally and this not the least important 142,360 jobs are linked in part each year to home sales in the GTA

In the light of the above, homeownership is clearly both one of the best investments we can make while living in and a powerful booster of the economy.
 
I
will always be there to advise you with what is very often the most important investment in one's life!

Source : TREB

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