Data through April 2012, released by S&P Indices for its S&P / Case - Shiller Home Price Indices, the leading measure of U.S. home prices, showed that
on average home prices increased 1.3 percent in the month of April for both the 10 - and 20 - City Composites.
That's why we not only dole out up to 7.5 points based
on average home prices, but allot another 7.5 based on the amount of time it would take someone earning the average local salary to purchase a home.
Mortgagecalculator.org says that the payment
on that average home price would be over five grand a month, and you'd pay almost two million dollars over 30 years, including $ 42,000 in PMI and $ 704,046.27 in interest alone!
There is also a calculator that will estimate the value of your home based
on the average home price appreciation for your area.
Not exact matches
Area: Oak Bay
Average home price (2016): $ 1,347,002 3 - year
price change: 49.0 % Realtor grade (out of 5): ★ ★ ★ ★ 1/2 Get more stats
on this neighbourhood
On average, 87 % of the 150 housing markets tracked by NAR experienced rising
home prices in 2016, up from an
average of 75 % in 2014.
Average home price (2016): $ 349,549
Average income to
home price: 4.4 5 - year annual ROI: 2.5 %
Average 5 - year rent increase: 11.9 % Previous year's unemploment rate (2015): 8.4 % Get more details
on Montréal's real estate market.
Average home price (2014): $ 387,492 Time to buy in years: 3.7 5 - year
price appreciation: 3.7 %
Average 5 - year rent increase: 13 % Previous year's unemployment rate (2013): 7.9 % Get more details
on Durham / Oshawa's housing market.
Average home price (2014): $ 338,624 Time to buy in years: 3.7 5 - year
price appreciation: 5.7 %
Average 5 - year rent increase: 16 % Previous year's unemployment rate (2013): 5.8 % Get more details
on Barrie's housing market.
Average home price (2014): $ 357,569 Time to buy in years: 3.7 5 - year
price appreciation: 5.7 %
Average 5 - year rent increase: 12 % Previous year's unemployment rate (2013): 6.7 % Get more details
on Guelph's housing market.
Average home price (2014): $ 275,622 Time to buy in years: 3.4 5 - year
price appreciation: 5.0 %
Average 5 - year rent increase: 14 % Previous year's unemployment rate (2013): 6 % Get more details
on Brantford's housing market.
Average home price (2014): $ 405,619 Time to buy in years: 4.4 5 - year
price appreciation: 6.7 %
Average 5 - year rent increase: 15 % Previous year's unemployment rate (2013): 6 % Get more details
on Hamilton's housing market.
Average home price (2014): $ 459,980 Time to buy in years: 3.7 5 - year
price appreciation: 4.6 %
Average 5 - year rent increase: 22 % Previous year's unemployment rate (2013): 5.5 % Get more details
on Calgary housing market.
Average home price (2014): $ 314,319 Time to buy in years: 3.3 5 - year
price appreciation: 4.4 %
Average 5 - year rent increase: 30 % Previous year's unemployment rate (2013): 2.8 % Get more details
on Regina's housing market.
Early Thursday morning, the
average ticket
price for the Yankees» final 2014
home game in New York, scheduled for Sept. 25 against the Baltimore Orioles, was listed at more than $ 1,200
on TiqIQ, an online ticket portal.
Area: Toronto C15
Average home price (2016): $ 1,421,700 3 - year
price change: 67.6 % Realtor grade (out of 5): ★ ★ ★ ★ Get more stats
on this neighbourhood
But this time, the ripples aren't getting beyond city limits, even though in Vancouver
prices for single - family
homes rose 11 % over the past year and now
average around $ 2 million
on the city's west side.
Although the number of
homes on the market increased this year, the
average multi-million listing
price decreased slightly from $ 1.7 million in 2016.
Average home price (2016): $ 528,475
Average income to
home price: 4.9 5 - year annual ROI: 10.9 %
Average 5 - year rent increase: 21.5 % Previous year's unemploment rate (2015): 7.6 % Get more details
on Durham / Oshawa's real estate market.
Average home price (2016): $ 180,904
Average income to
home price: 2.5 5 - year annual ROI: 0.4 %
Average 5 - year rent increase: 9.1 % Previous year's unemploment rate (2015): 8.0 % Get more details
on Saguenay's real estate market.
Area: Highlands
Average home price (2016): $ 832,705 3 - year
price change: 46.9 % Realtor grade (out of 5): ★ ★ ★ ★ 1/2 Get more stats
on this neighbourhood
Area: Saanich East
Average home price (2016): $ 890,733 3 - year
price change: 34.1 % Realtor grade (out of 5): ★ ★ ★ ★ ★ Get more stats
on this neighbourhood
Average home price (2016): $ 490,486
Average income to
home price: 5.2 5 - year annual ROI: 8.0 %
Average 5 - year rent increase: 20.9 % Previous year's unemploment rate (2015): 5.5 % Get more details
on Hamilton's real estate market.
Average home price (2016): $ 325,795
Average income to
home price: 3.9 5 - year annual ROI: 5.1 %
Average 5 - year rent increase: 10.8 % Previous year's unemploment rate (2015): 7.6 % Get more details
on Peterborough's real estate market.
Average home price (2016): $ 335,584
Average income to
home price: 4.0 5 - year annual ROI: 7.0 %
Average 5 - year rent increase: 18.5 % Previous year's unemploment rate (2015): 5.8 % Get more details
on Brantford's real estate market.
Average home price (2016): $ 342,342
Average income to
home price: 4.3 5 - year annual ROI: 7.0 %
Average 5 - year rent increase: 17.2 % Previous year's unemploment rate (2015): 6.8 % Get more details
on St. Catharines — Niagara's real estate market.
Average sales
prices fell 15 percent and the supply of
homes on the market is now longer than two years.
A hundred years of inflation - adjusted US housing
prices suggest that a
home increases only 0.1 percent in value per year
on average.
In fact, between a Saturday and a Monday — just two days — the market drops by nearly 1 % every week, the HGTV star tells Torabi: «If you think about the
average home price in America being around $ 350,000, you're going to save $ 3,500
on average by putting offers in
on a Monday versus a Saturday.»
Last year, single family
homes were selling here for just over $ 1 million,
on average, but there is a lot more going
on in Brookswood besides
price.
Area: 40: Vieux - Longueuil
Average home price (2016): $ 281,158 3 - year
price change: 2.4 % Realtor grade (out of 5): ★ ★ ★ ★ Get more stats
on this neighbourhood
Area: 39: Candiac / La Prairie
Average home price (2016): $ 488,794 3 - year
price change: 16.5 % Realtor grade (out of 5): ★ ★ ★ ★ Get more stats
on this neighbourhood
Area: 33: Vaudreuil - Dorion
Average home price (2016): $ 273,318 3 - year
price change: 9.5 % Realtor grade (out of 5): ★ ★ ★ ★ Get more stats
on this neighbourhood
Area: 35: Saint - Lazare / Hudson
Average home price (2016): $ 321,252 3 - year
price change: -7.1 % Realtor grade (out of 5): ★ ★ ★ ★ Get more stats
on this neighbourhood
Area: 4: Lachine / LaSalle
Average home price (2016): $ 383,539 3 - year
price change: 8.3 % Realtor grade (out of 5): ★ ★ ★ 1/2 Get more stats
on this neighbourhood
Area: Sidney
Average home price (2016): $ 674,253 3 - year
price change: 40.1 % Realtor grade (out of 5): ★ ★ ★ 1/2 Get more stats
on this neighbourhood
Area: 19: Sainte - Dorothée
Average home price (2016): $ 414,145 3 - year
price change: 5.4 % Realtor grade (out of 5): ★ ★ ★ ★ Get more stats
on this neighbourhood
Area: Meadowlands, Crestview & Area
Average home price (2016): $ 426,939 3 - year
price change: 26.4 % Realtor grade (out of 5): ★ ★ ★ Get more stats
on this neighbourhood
Area: Colwood
Average home price (2016): $ 587,841 3 - year
price change: 21.4 % Realtor grade (out of 5): ★ ★ ★ ★ Get more stats
on this neighbourhood
Area: 34: Île - Perrot
Average home price (2016): $ 309,926 3 - year
price change: 10.0 % Realtor grade (out of 5): ★ ★ ★ ★ Get more stats
on this neighbourhood
Area: 12: Rosemont
Average home price (2016): $ 490,102 3 - year
price change: 7.1 % Realtor grade (out of 5): ★ ★ ★ Get more stats
on this neighbourhood
Area: 35: Soulanges sud
Average home price (2016): $ 215,527 3 - year
price change: 5.9 % Realtor grade (out of 5): ★ ★ ★ Get more stats
on this neighbourhood
Despite boasting the province's highest
average annual household income, Kerrisdale didn't take the top spot in B.C. based
on net worth, in part because the area's
homes ranked third by
price.
Area: Greely, Metcalfe, Osgoode, Vernon & Area
Average home price (2016): $ 274,260 3 - year
price change: 15.1 % Realtor grade (out of 5): ★ ★ ★ Get more stats
on this neighbourhood
Area: Tanglewood, Grenfell, Pineglen
Average home price (2016): $ 289,761 3 - year
price change: 17.2 % % Realtor grade (out of 5): ★ ★ ★ Get more stats
on this neighbourhood
Area: Stittsville, Munster, Richmond, Goulbourn Township
Average home price (2016): $ 314,781 3 - year
price change: 7.2 % Realtor grade (out of 5): ★ ★ ★ Get more stats
on this neighbourhood
Area: Ottawa West, Tunneys Pasture
Average home price (2016): $ 455,385 3 - year
price change: 12.0 % Realtor grade (out of 5): ★ ★ ★ ★ Get more stats
on this neighbourhood
In Brooklyn, people
on average would spend 67.4 percent of their pay
on rent, but buying the median
priced home at $ 640,000 would require 110.9 percent of pay.
The announcement comes as housing costs in the province have ballooned, especially in Metro Vancouver where the
average price on a single - family
home in some neighbourhoods reached $ 2 million.
Today, the
average home -
price - to - rent ratio is at its highest level
on record, which means renting may actually be more affordable than paying a mortgage.