Saturday, November 25, 2006

Ottawa Real Estate Losing Some Sparkle For Investors

Investors are looking elsewhere for growth as the real estate "enthusiasm bubble" lets out some air.

About half of non-retired Canadians surveyed believe their real estate assets will grow more in value than their other investments over the next 10 years.

This is a decrease from the 65 % of Canadians who believed the same last year.

Historically, residential real estate values have not increased as fast as the Stock Market.

In the most recent 10-year period, the average residential real estate sale price increased an average of just over 5 % per year, while Stock Market returns have averaged 11 % per year.


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