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The Long View August 25, 2008

Posted by DustinRJay in Uncategorized.
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13 comments

The following graph shows the average house prices from 1973 to current.  For most of the graphs on this blog it has shown Calgary real estate from an inflation adjusted perspective.  If one was to consider inflation however, it can be seen that buying real estate can be helpful as a hedge against inflation.

There are better times to buy than others, however I believe that for the average person that bought at the peak in 1983 or 1990 with a 25 year horizon that they are still probably very happy with their decision.

What do you think?

Data Source: CREB, Bob Truman – First Place Realty