The wonderful thing about investing in real estate is that the value of the property is expected to appreciate. The principal amount that you invested in the property will grow over time and should be worth more than what you paid for it when you purchased it.
Real estate is a fantastic long-term investment because it’s almost always guaranteed to appreciate in value.
Investors patient enough to buy and hold their properties will benefit from predictable appreciation year-over-year. Depending on where you buy, you can expect annual appreciation rates anywhere from 2-8%.
In Canada, there’s been an average 6.11% annual appreciation over the last 15 years!
