THE FRASER VALLEY MARKET SINCE 1970
This graph shows the growth of real estate prices over the last 30 years.
Notice the peak over 1981. This was when interest rates hit 21% and prices tumbled after huge gains. On today’s scale it looks like a relatively small event. It wasn’t at the time.
Real Estate has always been a top investment opportunity. Home ownership has always been the most secure method to ensure long term financial independence.
In the last 20 years a typical home in Langley has gone from $80,000 to $400,000. A purchase with just $20,000 downpayment in 1985 and payments of $640 per month (less than the cost to rent the same house) the house would now be clear title.
Your average annual growth rate on your investment of $20,000 is 15%.
The $20,000 is returned 20 times over in 20 years.
