Understanding Market Appreciation and Platinum Price Appreciation
Market appreciation occurs through the natural growth of the market place and is typically measured at a macro level by looking at the average or median sale prices in a given area.
To give us an overall look at the market, we track the average sale prices in the GTA and the below graph shows the 10 year trend.
For the purposes of Pre Construction Condo investing, looking at the average price is not a strong indicator of value, therefore, we look at average prices within specific neighbourhoods and sometimes even within specific buildings in order to determine whether a project is well priced or not.
Platinum Price Appreciation is one of Toronto’s condo market secrets. By purchasing early in a condominium launch, investors will benefit from both market appreciation and platinum price appreciation which is achieved when developers increase the prices throughout the condominium launch.
Click here to learn more about the Condo Launch cycle and how you can benefit from Platinum Price Appreciation with a Platinum Agent.
