Update On The 2023 Real Estate Market!

Recently, our office participated in a presentation along with Mario Mota and Neel Aggarwal from The Steele Group to discuss Canadian Real Estate.  Key topics we covered included:

Current interest rates and where they might be headedThe impact of the latest round of interest rate increases on the mortgage and real estate marketHow the different types of mortgage lending is used to fund mortgages todayHow to access the equity in your homeTitle fraud and ways to protect yourselfThe importance of insurance when you have a mortgage

At the end of the presentation, an attendee asked a great question that the team at The Steel Group gathered data for after the event.  The question was: Can we compare the last 10 years of total return between Canadian Real Estate vs the S&P 500?

Using the MLS Benchmark in the above chart, since 2012 the average house price has gone from $380,000 to $710,000 or 187%. In the same 10 year time period the S&P 500 has grown 293%. Please note that there are periods of time where either real estate or financial markets outperform one another.

To watch a play back of the event please click the link below:

Please reach out to me anytime for all your finance & mortgage planning needs or to learn more about The Steele Group click HERE.

Helping You Win At Wealth,

Penny Wrightly

Mortgage Broker & Franchise Partner

The Mortgage Centre HometownFinancial #13028