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.
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.
posted by PondPine.com at 10:15 PM
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