Yearbook 1985

The Way We Were

In 1985, when HOMES Magazine was born, our city and its skyline were nice.

In 2017, Toronto is a thing of beauty, with elegant midrise condos and modern and majestic highrises soaring to the sky.In 1987, when HOMES got a sister named Condo Life, we continued the Annual Builder Yearbook, providing our readers a Who's Who of the best in the industry.It isn't just the city that's changed. Our industry has grown so huge that we've branched off and put most of the Who's Who on our amazing new website.And since life is, after all, more than houses and condos, here are a few facts to take you back to 1985, the year of our birth. Enjoy!HOME PRICES: Average price of detached home in Toronto: $109,094MORTGAGE RATES: Average rate of 5-year fixed mortgage: 12.25%AVERAGE INCOME: $15,908 per yearMINIMUM WAGE: $4 per hourCOST OF GROCERIES: Skimmed milk: 98 cents per litre | Dozen eggs: $1.37 | Canned tomatoes: $1.30 | White bread: 69 centsGAS: Average price 54.3 cents per litreCANADIAN POLITICS:

Governor General: Jeanne SauvePrime Minister: Brian MulroneyOntario Premier: Bill Davis and Frank Miller

NO. 1 BILLBOARD SONG: "Careless Whisper" by WhamJUNO AWARD: Best Song: "Reckless" by Bryan AdamsGRAMMY AWARD: Best Song: "What's Love Got to Do With It", written by Terry Britten and Graham Lyle, performed by Tina TurnerACADEMY AWARD: Best Picture: AmadeusEMMY AWARDS:

Drama: Cagney & LaceyComedy: The Cosby Show

GREY CUP CHAMPIONS: B.C. LionsSUPER BOWL CHAMPIONS: San Francisco 49ersWORLD SERIES CHAMPIONS: Kansas City RoyalsSTANLEY CUP CHAMPIONS: Edmonton OilersTOP HEADLINES:

• Bomb explodes on Air India flight 182 from Toronto to Delhi, killing 329 people
• U.S. President Ronald Reagan sworn in for second term
• Rick Hanson launches Man in Motion world tour
• A tornado in Barrie kills 12
• Mikhail Gorbachev replaces Konstantin Chernenko as leader of the Soviet Union
• Live Aid concerts raise over £50 million for famine relief in Ethiopia
• Earthquake measuring 8.1 on the Richter scale hits Mexico City, killing 9,000
• Coca-Cola releases New Coke
• The wreck of the Titanic is found
• Columbian volcano kills 23,000
• Microsoft releases the first version of Windows
• Whitney Houston releases debut album
• Rock 'n' Roll Hall of Fame is opened
• Rock Hudson dies of AIDS
• The Handmaid's Tale by Margaret Atwood wins Governor General's Award for fiction

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