House prices in Canada increased by almost 7 per cent a year since 2000, according to ReMax, as tight inventories helped drive prices higher across the country.
The real estate brokerage examined sales data from 18 major Canadian markets and found that the annually compounded rate of return was 6.82 per cent. ReMax said the market has been skewed toward sellers for most of the last decade, except during 2008 and early 2009 when prices sagged through the recession.
Ryan Gillen
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