{"id":19,"date":"2026-08-07T11:00:00","date_gmt":"2026-08-07T11:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/sammehrbod-com\/2026\/08\/07\/mom-and-dad-say-the-early-80s-were-harder-for-homebuyers-theyre-not-completely-right\/"},"modified":"2026-08-07T11:00:00","modified_gmt":"2026-08-07T11:00:00","slug":"mom-and-dad-say-the-early-80s-were-harder-for-homebuyers-theyre-not-completely-right","status":"publish","type":"post","link":"http:\/\/blogs.room-vu.com\/sammehrbod-com\/2026\/08\/07\/mom-and-dad-say-the-early-80s-were-harder-for-homebuyers-theyre-not-completely-right\/","title":{"rendered":"Mom and Dad say the early &#8217;80s were harder for homebuyers. They&#8217;re not completely right."},"content":{"rendered":"<div class=\"roomvu-news-container\">\n<p>Canadian homebuyers today face greater financial challenges than those in the 1980s despite lower interest rates. In 1981, rates peaked near 22%, but homes cost three to four times household income, with smaller mortgages and shorter saving periods. Now, average home prices have risen 57% since 2015, far outpacing wage growth, with mortgage payments consuming over 50% of income nationally and over 70% in Toronto. First-time buyers are older, saving longer, and stretched by 30-year amortizations, reflecting a structural affordability crisis.<\/p>\n<p>\t<a class=\"roomvu-news-continue\" href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/mom-and-dad-say-the-early-80s-were-harder-for-homebuyers-theyre-not-completely-right\/581362\"><\/p>\n<div>Continue to full article<\/div>\n<p>\t<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Canadian homebuyers today face greater financial challenges than those in the 1980s despite lower interest rates. In 1981, rates peaked near 22%, but homes cost three to four times household income, with smaller mortgages and shorter saving periods. Now, average home prices have risen 57% since 2015, far outpacing wage growth, with mortgage payments consuming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/blogs.room-vu.com\/sammehrbod-com\/wp-json\/wp\/v2\/posts\/19","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/blogs.room-vu.com\/sammehrbod-com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blogs.room-vu.com\/sammehrbod-com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blogs.room-vu.com\/sammehrbod-com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blogs.room-vu.com\/sammehrbod-com\/wp-json\/wp\/v2\/comments?post=19"}],"version-history":[{"count":0,"href":"http:\/\/blogs.room-vu.com\/sammehrbod-com\/wp-json\/wp\/v2\/posts\/19\/revisions"}],"wp:attachment":[{"href":"http:\/\/blogs.room-vu.com\/sammehrbod-com\/wp-json\/wp\/v2\/media?parent=19"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blogs.room-vu.com\/sammehrbod-com\/wp-json\/wp\/v2\/categories?post=19"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blogs.room-vu.com\/sammehrbod-com\/wp-json\/wp\/v2\/tags?post=19"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}