Toronto Mortgage Affordability: 1985 vs. Today

For many homeowners in Toronto, their largest asset is the equity in their home and for the younger generation of homeowners there is often little left in the budget after the total carrying costs of maintaining a household are factored in.

We’ve all read about the ever-increasing housing prices in Canada (and especially Toronto), but has affordability diminished? Check out this article from RateHub that looks at the monthly carrying costs of 1985 vs. Today to see where we stand.

 

 

 

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