10 Year Challenge: The Shocking Rise of Halton House Prices
The 10 year challenge has been the latest trend circulating the Internet for quite some time now. But, in case you haven't heard of it, or seen it, let us explain.
The challenge invites people to find a photo of themselves from 10 years ago and compare it to what they look like now. It provides the perfect opportunity to see how much a person has grown and changed over the years. There are over four million posts under the 10 year challenge hashtag on Instagram, and now the challenge is reaching more than just people..
The challenge has since made its way into the housing market, and it's safe to say that Halton's housing market has drastically changed over the last 10 years.
In Burlington, semi-detached homes saw the greatest percentage increase of 146 per cent between December of 2008 and December of 2018. Followed by condos which saw a percentage increase of 131 per cent.
Oakville is no different, over the past 10 years there has been a significant rise in house prices in the town. According to Zoocasa, condos saw a 270 per cent increase with the average price rising from $203,417 in December of 2008 to $752,214 in December of 2018.
Detached home prices have increased in Milton by 120 per cent between December of 2008 and 2018. While that may be financially out of reach for some, the semi-detached market is still at a feasible entry point despite increasing to an average price of $667,298 from $285,125 10 years ago.
What do you think of these increases?
All information and graphics are courtesy of Zoocasa - a real estate website and brokerage.