Observational Personal Finance essays, stories, case studies and how to articles with a distinctly Canadian Point of View, from the Chief Kibitzer of Personal Finance. Paying it forward as best I can.
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 really 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?“.
When was this?
Poster courtesy of the Halton County Railway MuseumMy Father-in-law thinks this might be from the early 80’s, but I am not sure. If you know when this provocative poster about another Toronto Housing Bubble please comment. How much are these houses selling for now?
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I can’t point to a specific year but early to mid 70s is a good guess. Definitely not into the 80s.