Over the past 39 years, the price of the average house has gone up in value 8.75{d3fcc36f48ce60b5f255353d159c919a44e2bfefe54e9a26abb7c10e69faf24e} per year in Calgary.

That means that if you bought a house in 1969 for $18,574 (paying $4,644 and getting a mortgage for the rest) it would be worth $450,000 in 2008.

Although there may be good years and bad years, the undeniable truth is that Real Estate is a stable and predictable investment, that over time always goes up in value above the rate of inflation.