Then vs Now - the housing market

Received this tidbit from Tawny Bley and Tyler Hildebrand from Mortgage Architects.

Thought it was interesting so I want to share! Enjoy!

 

Back To The Future
Canadian Housing Market
Then Now
Top Grossing Movie
Top Grossing Album
Dozen Eggs
Milk
Minimum Wage
University Tuition
Individual Income
Single Family Bungalow
Minimum Downpayment
Mortgage Rates
Estimated Monthly Payments
Canadian Housing Market Rewind
Sources:
  1. https://en.wikipedia.org/wiki/1985_in_film
  2. https://en.wikipedia.org/wiki/2015_in_film
  3. https://en.wikipedia.org/wiki/List_of_Billboard_200_number-one_albums_of_1985
  4. http://www.officialcharts.com/chart-news/the-official-top-40-biggest-selling-artist-albums-of-2015-so-far__8818/
  5. http://www.statcan.gc.ca/pub/11-402-x/2011000/chap/prices-prix/prices-prix02-eng.htm
  6. http://www.statcan.gc.ca/pub/11-402-x/2011000/chap/prices-prix/prices-prix02-eng.htm
  7. http://srv116.services.gc.ca/rpt2.aspx?lang=eng&dec=3
    Note: $4 minimum wage is the average of the combined minimum wages, rounded to the nearest dollar figure.
  8. http://www.retailcouncil.org/quickfacts/minimum-wage
    Note: $11 minimum wage is the average of the provincial minimum wages, rounded to the nearest dollar figure
  9. http://cjme.com/sites/default/files/Tuition by sectors.pdf
  10. http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/educ50a-eng.htm
  11. http://www.statcan.gc.ca/pub/11-402-x/2011000/chap/prices-prix/prices-prix02-eng.htm
    Note: figure is adjusted for 2015 using the Bank of Canada inflation calculator, and rounded off to the nearest 100th.
  12. http://www.workopolis.com/content/advice/article/how-much-money-are-we-earning-the-average-canadian-wages-right-now/
  13. http://www.royallepage.ca/realestate/info-and-advice/market-reports-and-surveys/house-price-survey-historical-database/
    Note: a) Average price for a single-storey home in each Metropolitan city profiled was calculated by combining the individual neighbourhood average prices (as shown in the database) in each city. b) 1985 prices and figures have been adjusted for inflation and are in 2015 dollars using the Bank of Canada inflation calculator
  14. http://business.financialpost.com/personal-finance/mortgages-real-estate/now-and-then-do-canadian-homes-really-cost-that-much-more-than-30-years-ago
  15. http://www.ratehub.ca/5-year-fixed-mortgage-rate-history
  16. Estimated monthly mortgage payments calculated for 1985 prices and rates using TD Mortgage Calculator found here: 
    http://www.tdcanadatrust.com/mortgagePayCalculator.form and for 2015, estimated monthly mortgage payments calculated using the Mortgage Architects Mortgage Calculator found here: http://www.mortgagearchitects.ca/calculators
Mortgage Architects

Tyler Hildebrand & Tawny Bley

Mortgage Planners

 

Phone: 306.683.9539

 

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All of the above information is accurate at time of initial mailing. 

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Tarra Unterschute

Tarra Unterschute

REALTORĀ®
CENTURY 21 Fusion
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