According to data from the TD Bank, housing prices in Canada from 1980 to 2012 increased at an annual rate of 5.4 per cent, Toronto and Vancouver a full point higher.
The Dow Jones Industrial Average calculates its average annual return for the same time period was 8.9 per cent.
The Toronto Real Estate Board says the average price of a house in 2014 was $566,726, an 8.4 per cent increase from 2013. It adds that “we should not expect current price increases to continue.”
TD concurs, forecasting that over the next couple of decades, real estate should grow three per cent annually, while stocks will grow seven per cent.
What should you invest in?
Duh.
THE END