When I was your age …
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
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