Yearbook 1985

Yearbook 1985

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Yearbook 1985

The Way We Were

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

The Toronto skyline in 1985. Source: City of Toronto Archives
The Toronto skyline in 1985. Source: City of Toronto Archives

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: $109,094

MORTGAGE RATES: Average rate of 5-year fixed mortgage: 12.25%

AVERAGE INCOME: $15,908 per year

MINIMUM WAGE: $4 per hour

COST OF GROCERIES: Skimmed milk: 98 cents per litre | Dozen eggs: $1.37 | Canned tomatoes: $1.30 | White bread: 69 cents

GAS: Average price 54.3 cents per litre

CANADIAN POLITICS:

Governor General: Jeanne Sauve

Prime Minister: Brian Mulroney

Ontario Premier: Bill Davis and Frank Miller

NO. 1 BILLBOARD SONG: “Careless Whisper” by Wham

JUNO AWARD: Best Song: “Reckless” by Bryan Adams

GRAMMY AWARD: Best Song: “What’s Love Got to Do With It”, written by Terry Britten and Graham Lyle, performed by Tina Turner

ACADEMY AWARD: Best Picture: Amadeus

EMMY AWARDS:

Drama: Cagney & Lacey

Comedy: The Cosby Show

GREY CUP CHAMPIONS: B.C. Lions

SUPER BOWL CHAMPIONS: San Francisco 49ers

WORLD SERIES CHAMPIONS: Kansas City Royals

STANLEY CUP CHAMPIONS: Edmonton Oilers

TOP 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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