There is one important question on every homeowner’s mind right now in Canada. How much is my home worth and how much has the value appreciated since I bought it?  This is mainly because right now, the Canadian housing market has shot up in value. In many provinces, it costs an estimated $1 million (Canadian) to buy an average detached home in a suburban area. 
Although, you may feel that the 7.05 % compounded growth rate is on the lower side, please remember that the costs of the house diminish over the years of your ownership. So, when you finish paying your mortgage, the value of your home has risen exponentially. Therefore, it is never the wrong time to buy your home. 

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