Future Home Value Calculator
Future value calculation formula = FV=PV⋅(1+r)n
The Greater Toronto Area has seen a steady acceleration in the annual rate of home value growth in the last 50 years. The average home value has doubled in Toronto after 9–10 years. There have been some market corrections in the past, but price growth has always been in the range of 6 to 7.5% on a year-over-year basis.
The Greater Toronto Area's benchmark home price for February 2024 was $1,093,900, up 0.4% year-over-year. The average home sold price in the GTA increased 1.2% year-over-year to $1,108,720 for February 2024. The detached home average price increased by 0.3% year-over-year to $1.44M. Check out your online free home valuation.