The $100000 mortgage taken out in 1980 at 19% interest works out to a monthly payment of $1540. Plugging that into the bank of Canada's inflation calculator it yields an inflation adjusted monthly mortgage payment of $4400. Using today's 4% interest rate you and a payment of $4400 you could buy a house worth $840000.
High interest and inflation can be a real bitch when they are working against you.
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