May 11, 2007
Harvard Centre Sees Strong Housing Market
Did you know that a new report by Harvard’s Joint Center for Housing Studies says the housing market will remain strong due to changing demographics, new household formation, boomers’ second home purchases and population expansion. (June 17, 2006)
May 11, 2007
Investment in Niagara Real Estate
Did you know CMHC statistics show that Niagara real estate has been a solid investment? The average price of a home grew by over 50% in the last 10 years. By contrast, the Consumer Price Index has increased about 20% over the same period. (August 12, 2006)
May 11, 2007
Rate of Canadian Home Ownership Reaches All-Time High
Did you know that more Canadians than ever own their own home? The Statscan Survey of Financial Security says the proportion of home-owning Canadians has increased to an all-time high of 62%. Home ownership is one form of wealth accumulation that is accessible to most people. The median amount invested in one’s home is $180,000 vs the median RRSP holding of $30,000. The advantages of home investment include insurability, long-term stability, tax advantages upon selling, and the ability to enjoy the asset while you own it. Home ownership alone is not a sufficiently diversified retirement plan, but for most Canadians, it is the most significant cornerstone. (January 20, 2007)
May 11, 2007
Real Estate Price Appreciation in Canada
Did you know that residential housing prices have shown double-digit rates of annual appreciation in almost half of Canadian cities since 1981? Over the 25-year period, the average Canadian total price increase was 264%. Rates of home ownership have also grown, along with the size and quality of our dwellings. Canadians have good reason to believe in the value of their homes, and they are willing to invest accordingly. “Canadians are widely acknowledged to be among the best housed in the world,” CMHC said in its 2006 Housing Report. In Canada, home is clearly where the heart is… (and the nest egg too!) (February 10, 2007)
May 11, 2007
Home Prices Forecast to Double by 2026
Did you know that home prices in Canada have been forecast to double in the next 20 years? In a recent report, CIBC World Markets said that downsizing and selling by seniors would be more than offset by population growth and immigration. The housing market is expected to fluctuate, but the bank predicts average real house prices will mirror the performance of the past 2 decades, leading to a 20-year doubling of value. According to this source, we can count on the value of our homes and other real estate investments with confidence. (April 28, 2007)
