House prices set record for resales! (….HOW much??!!)

A little blast from the past….

Looking back to 1975 when the Toronto Real Estate Board released their monthly market reports. 

The average sale price in Toronto was a record breaking $58,205!  And the interest rates on mortgages had DROPPED to 10.5%! 

Read more:  Click on the article on the left to view in full size.