It will eventually double. Canada’s 7%pa seems high to me, but so it seems to be. Mind, homes are much bigger, more energy efficient, better finishes. I think r

It will eventually double. Canada’s 7%pa seems high to me, but so it seems to be. Mind, homes are much bigger, more energy efficient, better finishes. I think reasonable home appreciation should be close to the inflation rate. Or better, wage increases. But, yah, even then it eventually doubles. Look up “Rule of 77” for an explanation.