Housing was also considerably more affordable in Toronto back in 1993.

Zoocasa recently published a report highlighting these differences, particularly in the housing industry. In 1993, the average home in Toronto sold for $206,490, based on data from the Toronto Regional Real Estate Board. Adjusting for inflation, that would roughly cost $397,000 today.

The average price for a home in Toronto in September 2025 goes for $1,059,377, the report notes, reflecting a 417 per cent jump in prices since the Blue Jays’ last World Series championship.

Even rent was more reasonable in 1993. Based on data from the Canadian Mortgage and Housing Corporation, a one-bedroom apartment cost $627 per month in October 1993 and a two-bedroom apartment cost $773 each month, which would be priced at around $1,206 and $1,487 respectively in today’s dollars.

The report notes the average rent for a one-bedroom in Toronto is about $2,295, as of September, and a two-bedroom was $2,941.

Canada, however, was in a deep recession in the early ‘90s, from March 1990 through May 1992, as a result of strict monetary policy, large budget deficits and inflationary pressures (meaning housing prices were decreased).

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