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Originally Posted by Enoch Root
50% of Canadians have a university education so that would suggest it isn't that expensive.
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Where did you get that number from? According to Statscan, only 25% of Canadians aged 25-64 have a university degree (2007 data). Source:
http://www.statcan.gc.ca/daily-quoti...0908b1-eng.htm
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Also, it is cheaper now in current dollars than it was in the 60s and 70s
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[Citation needed]
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At one point in the 70s, a new mortgage was over 20% - try that on for size.
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But how much did a typical starter home cost back then? And how have housing prices compared to the rate of inflation over the last 30 years?