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Real estate investments paid off big-time for these sellers

A sold sign in front of a house in Toronto.

Deborah Baic/The Globe and Mail

When Benj Fayle bought his 1,500-square-foot, six-bedroom Vancouver home in 2002, it was worth $598,000. Before he sold it last year, he invested about $80,000 in renovations, including a basement suite and an elevator to make it wheelchair accessible. The selling price? Nearly $1.7-million.

Mr. Fayle clearly benefited from rising real estate prices in Canada's hottest housing market. His story is one of many submitted to the Globe and Mail during a callout, in which we asked readers to tell us how their long-held properties have appreciated over time. Click here to see the slideshow.

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Report on Business Community Editor

Dianne Nice is community editor for Report on Business and writes about social media. Previously, she was The Globe's online editor for Careers and Personal Finance and has written about these topics for Report on Business and Globe Investor. More

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