Comparing Canadian House (real cost) Prices

By
Real Estate Agent with sales representative : Keller Williams Experience Realty

 

I try to avoid starting stories with "Back in the day" or  "I remember when", because I remember when back in the day people who talked like that sounded like old farts to me. If you were around to watch the first moon landing as I was, albeit I was very young at the time, there is no escaping the use of these catch phrases now and again to make a point.Barrie appliance

 
That same year Neil Armstrong uttered those historic words from the moon (1969), my parents took delivery of a shiny new washer and dryer set. When the Eaton's delivery truck pulled in front of your home "in those days" half the street took note. I remember the neighbours coming over to see.
 
This was literally an event "back in the day".  Adults standing around, drinks in hand, looking in awe at a washer and dryer and my parents, arms folded, standing back proudly like we were the Rockefellers or something. Simpler times for sure.
 
Keeping things in perspective this was about a $400 state of the art high tech purchase at a time when the average household income was about $7000 a year . Another way to look at it is the average wage earner then would work about 3 weeks to pay for a new washer and dryer that today can be had for about a week and a half's average wages based on current prices and income statistics.
 
That black & white tv we watched the moon landing on cost almost twice what the washer and dryer did, while today a 50" LCD flat screen can be found at Walmart for under $500 bucks. 
 
I got to wondering about housing prices in relation to incomes and found a great chart to share with you here. I know the house my parents bought in 1970 in south Barrie goes for about $300,000 in todays market. "Back in the day" they paid $17,900, without appliances of course.
 
 
 
Canada home prices
Posted by

 Mike Montague

  

Barrie Power of Sale Listings

Barrie home values

 

 
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Rainmaker
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Larry Estabrooks
Independent Real Estate Agent - Moncton, NB
100% representation means NEVER DUAL AGENCY !

Hi Mike - I like your point. And the chart.

Mar 14, 2013 09:44 AM #1
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Rainmaker
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Mike Montague

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