When I was your age …

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A Look at the Numbers:

1982: Average house price in Canada — $72,500

2015: Average house price in Canada — $439,100

1982: Average five-year fixed mortgage rate (March) — 19.4%

2015: Average five-year fixed mortgage rate (March) — 3.8%

1982: Outstanding residential mortgages — $30-billion

2015: Outstanding residential mortgages — $953-billion

Sources: CREA, Statscan

By |2015-06-17T20:40:50+00:00June 17th, 2015|Buyers, Interest Rates, Mortgages, Wednesday Morning Smile|Comments Off on When I was your age …
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