By 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.
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About Squeeze
Generation Squeeze is a force for intergenerational fairness, to improve Canada’s wellbeing, powered by the younger voices and backed by cutting edge research.