Quote:
Originally Posted by opendoor
In 1987? Interest rates were 10.5-11.5% then (lower if variable).
Affordability vs. today. If you want to talk about irrelevant, start with numbers using 1977 or 1987 dollars and fictional interest rates.
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These aren't mortgage rates, but
Bank of Canada rate all time high was over 22% in August 1981. All time low was -0.10% in Oct 2020