There was an article in the Globe & Mail newspaper about a home owner who bought a Kitsilano Bungalow in the 80’s for $287,000 and just sold it for over 1.8 million. A lot of people thought that was just crazy and no house should appreciate that much. These people obviously don’t own a calculator and have no idea what annualized rate of return and compounding can do for you when you buy and hold. Thought I would shed some light on exactly how much this home appreciated and how it stacks up to other investments.