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Digital Archive Ontario

Current and historical content, curated by Toronto Public Library

Stu and Ann Morrison and their two children needed a place to live in Metro, so they bought his home in Coronation Park for $25,235. 'It's costing us a bundle,' says Stu - $212 a month to be exact. The culprit is the papers he's holding. The mortgages they have are 'conventional' mortgages at 8 per cent interest, a rate that means they'll have paid off only $2,893 five years from now. Open in full size

Stu and Ann Morrison and their two children needed a place to live in Metro, so they bought his home in Coronation Park for $25,235. 'It's costing us a bundle,' says Stu - $212 a month to be exact. The culprit is the papers he's holding. The mortgages they have are 'conventional' mortgages at 8 per cent interest, a rate that means they'll have paid off only $2,893 five years from now.

Picture, 1967, English

Stu and Ann Morrison and their two children needed a place to live in Metro, so they bought his home in Coronation Park for $25,235. 'It's costing us a bundle,' says Stu - $212 a month to be exact. The culprit is the papers he's holding. The mortgages they have are 'conventional' mortgages at 8 per cent interest, a rate that means they'll have paid off only $2,893 five years from now.

Picture, 1967, English

Notes

Photograph published in the Toronto Star, 26 January 1967, page 8, to illustrate article on page 1, by Frank Jones: "Why Stu Morrison pays $212 a month for his bungalow in Metro's suburbs."

Rights and Licenses

Toronto Star License

Provenance

From the Toronto Star Archives

File Location:

Canada - Ontario - Toronto - Housing - Miscellaneous - 1967

Branch

Toronto Reference Library

Location

Baldwin Collection

Branch

Toronto Reference Library

Location

Toronto Star Photo Archive

Call Number / Accession Number

tspa_0113566f