MAP 4C Name(s) MC Using Indices to Evaluate Housing Prices Working by yourself, or with a partner (ONE partner), use the data table provided to answer the following questions. Your answers will be marked summatively for making connections. Show all of your work 1. For each of the following cities state the percent rate of increase in housing and land prices from 2009 - 2013 a. Toronto-Oshawa b. Edmonton C. Kitchener-Cambridge d. Sudbury-Thunderbay 2. Suppose you bought a new house in Cambridge in 2009 for $240 000, what is the estimated value of the house in 2013? Repeat this calculation for Toronto, Edmonton and Sudbury. (Hint: Use your values from questions #1) 3. Which city on the index table was the only one to report a decrease in housing prices from 2009-2013? How much money would you lose if you bought the same $240 000 house in 2009 in this city and then sold it in 2013? 4. Suggest reasons why housing prices might increase over the 4 year span. 2009 2011 2012 2013 2010 2007=100 Metropolitan areas (house and land) St. John's (N.L.) 147 2 149. 8 133.3 141.2 146.9 Charlottetown (P.E.1) 102.3 102 103 7 2 100.7 102.4 Halifax (N.S.) 109.1 110.1 112.0 114. 117 4 3 Saint John, Moncton and Fredericton (N.B.) Qubec (Que.) 108. 0 108. 3 105.8 107.5 108.1 121. 4 122 7 112.6 116.2 117.9 Montral (Que.) 115. 116. 5 6 107.4 110.7 113.9 105.3 115. 116. 7 1 109.5 112.8 Ottawa-Gatineau (Ont./Que.) Toronto and Oshawa (Ont.) Hamilton (Ont.) 116. 119 6 103.4 106.1 111.0 7 105 8 108. 4 101.7 103.3 104.2 106. 1 109 4 103.7 104.5 104.0 St. Catharines Niagara (Ont.) London (Ont.) 105.0 109 7 111 6 107.9 108.3 110. 111 5 3 104.3 107.4 103.0 100.5 99.7 96.6 98.6 99.5 Kitchener- Cambridge-Waterloo (Ont.) Windsor (Ont.) Greater Sudbury Grand Sudbury and Thunder Bay (Ont.) Winnipeg (Man.) 107. 108. 1 1 106.2 105.7 105.7 129. 135. 3 113.0 118.4 124.1 Regina (Sask.) 153. 158 8 2 133.3 140.2 147.3 Saskatoon (Sask.) 118. 120 8 5 111.4 114.6 116.2 Calgary (Alta.) 102 2 93.9 95.6 95.5 97.1 Edmonton (Alta.) 89.7 89.0 89.9 90.7 91.1 Vancouver (B.C.) 95.8 99.0 98.7 98.2 97.1 MAP 4C Name(s) MC Using Indices to Evaluate Housing Prices Working by yourself, or with a partner (ONE partner), use the data table provided to answer the following questions. Your answers will be marked summatively for making connections. Show all of your work 1. For each of the following cities state the percent rate of increase in housing and land prices from 2009 - 2013 a. Toronto-Oshawa b. Edmonton C. Kitchener-Cambridge d. Sudbury-Thunderbay 2. Suppose you bought a new house in Cambridge in 2009 for $240 000, what is the estimated value of the house in 2013? Repeat this calculation for Toronto, Edmonton and Sudbury. (Hint: Use your values from questions #1) 3. Which city on the index table was the only one to report a decrease in housing prices from 2009-2013? How much money would you lose if you bought the same $240 000 house in 2009 in this city and then sold it in 2013? 4. Suggest reasons why housing prices might increase over the 4 year span. 2009 2011 2012 2013 2010 2007=100 Metropolitan areas (house and land) St. John's (N.L.) 147 2 149. 8 133.3 141.2 146.9 Charlottetown (P.E.1) 102.3 102 103 7 2 100.7 102.4 Halifax (N.S.) 109.1 110.1 112.0 114. 117 4 3 Saint John, Moncton and Fredericton (N.B.) Qubec (Que.) 108. 0 108. 3 105.8 107.5 108.1 121. 4 122 7 112.6 116.2 117.9 Montral (Que.) 115. 116. 5 6 107.4 110.7 113.9 105.3 115. 116. 7 1 109.5 112.8 Ottawa-Gatineau (Ont./Que.) Toronto and Oshawa (Ont.) Hamilton (Ont.) 116. 119 6 103.4 106.1 111.0 7 105 8 108. 4 101.7 103.3 104.2 106. 1 109 4 103.7 104.5 104.0 St. Catharines Niagara (Ont.) London (Ont.) 105.0 109 7 111 6 107.9 108.3 110. 111 5 3 104.3 107.4 103.0 100.5 99.7 96.6 98.6 99.5 Kitchener- Cambridge-Waterloo (Ont.) Windsor (Ont.) Greater Sudbury Grand Sudbury and Thunder Bay (Ont.) Winnipeg (Man.) 107. 108. 1 1 106.2 105.7 105.7 129. 135. 3 113.0 118.4 124.1 Regina (Sask.) 153. 158 8 2 133.3 140.2 147.3 Saskatoon (Sask.) 118. 120 8 5 111.4 114.6 116.2 Calgary (Alta.) 102 2 93.9 95.6 95.5 97.1 Edmonton (Alta.) 89.7 89.0 89.9 90.7 91.1 Vancouver (B.C.) 95.8 99.0 98.7 98.2 97.1