History repeats itself, even in Toronto's roaring housing market. Globe and Mail real estate reporter Tamsin McMahon tweeted the following article on Friday.

Excerpts from a 1988 Globe story about TO's hot #realestate market. Could easily run today with minimal change pic.twitter.com/Wjnh34oXW4 — Tamsin McMahon (@tamsinrm) April 22, 2016

Written in July 1988, the story talks about how low mortgage rates have helped to fuel skyrocketing housing prices that would require down payments of $50,000 just to buy an average home. "Dark words are muttered about how foreign money is to blame," the story reads. "Or yuppies." Substitute the numbers for today's prices and such a story could have been published last week. But McMahon isn't the only journalist who recalled housing stories of old recently.

Last week, CBC News rehashed a 1988 story by Neil Macdonald that talked about how a family of four in a Toronto suburb needed an income of $67,000 just to afford a home. In Vancouver? Families needed to make $56,000. Contrast that with today, when you would need $87,407 to afford an average-priced home in Toronto. And $120,297 to buy one in Vancouver.