Can Canadian Real Estate Beat Inflation Long-Term?

Canadian housing historically appreciated ~5.5–5.9% annually, topping ~2.4% inflation.
Canadian private real estate generated ~7.5–8.2% annual returns, outpacing inflation historically.
Rent increases often keep pace with inflation, boosting total investor returns.
Adding real estate in balanced portfolios boosts inflation hedge compared to single asset exposure.
Yet, higher borrowing costs reduce net investor return and can erode inflation beats.