549
Corporations hoarding homes thank Canadians for enthusiastically blaming immigration
(www.thebeaverton.com)
this post was submitted on 22 Aug 2023
549 points (97.9% liked)
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That's 9%/year annual rate of return (assuming 2% inflation), which is good, but not unheard of (here's the calculator i used. This ignores all the money they put into the place while they lived in it (roof's and heaters etc aren't cheap). It also discounts that they need to find a place to live in 2021 where all houses just got much more expensive then back in 1986.
That whole time they were paying property tax.