By Gen Squeeze

  |  December 14, 2017

Why we made this infographic

When we're explaining how much housing affordability has deteriorated compared to a generation ago, people who lived through the high interest rates of the 70s and 80s will often pipe up: "Well, things can't be any worse than when I was paying 13 per cent on my mortgage." We wanted to show that: 

Even with lower interest rates today, higher home prices mean average mortgage payments are higher.