5% increase a year for 30 years is real cycle news.
An interesting article from the Vancouver Sun.
“Real estate markets are cyclical but despite their ups and downs, home prices in Metro Vancouver have appreciated, on average, more than five per cent every year for the last 30 years.”
“That’s the good news that is inherent in investing in a home. If you are buying to live in your home, you couldn’t be making a better investment.”
Read the whole story here: