Canadian business guru Joe Canavan, founder of GT Global (Canada) and Synergy Asset Management, looked at the numbers and realized, that over the last 25 years, the S&P TSX Composite Index was up by about 325%, while during that same period, the average home price across Canada increased about 200%.
Canadian business guru Joe Canavan, founder of GT Global (Canada) and Synergy Asset Management, looked at the numbers and realized, that over the last 25 years, the S&P TSX Composite Index was up by about 325%, while during that same period, the average home price across Canada increased about 200%. That said, buying a house has been for generations a kind of forced saving plan for undisciplined investors; it might not be the absolute best investment, but without that monthly mortgage payment, they might not have saved anything at all.