A while ago, you might have seen the following poster on the TTC, and you would have said, “How can anyone afford that kind of money?”. The prices back then were starting to inflate, and inflation was in very high gear. Interest rates might have been running around 15% for a mortgage.
There was no mention of a Toronto housing bubble, but folks might have asked, “How can anyone afford this?“.
Poster, courtesy of the Halton County Railway Museum. My Father-in-law thinks this might be from the early ’80s, but I am unsure. Please comment if you know when this provocative poster is about another Toronto Housing Bubble. How much are these houses selling for now?
I can’t point to a specific year but early to mid 70s is a good guess. Definitely not into the 80s.