Quote:
Originally Posted by Dan02
No, between 2007 and 2020 it was growing at a reasonable rate roughly matching inflation. It was bonkers both before and after that.
Based on the CPI a 410k house in 2007 should be worth 510k in 2020, which roughly matches your graph.
The real estate market is not the stock market, as a society we should not be expecting or wanting 10% annual returns. The only thing that does is enrich the older generations at the expense of future ones while providing no value.
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I think in Calgary you need to differentiate between SFH and condo/THs as they two stories are opposite.