Audience Relations, CBC P.O. Incumbent Prime Minister Brian Mulroney, leader of the Progressive Conservative Party, had signed the agreement. The Marxist–Leninist Party fielded candidates in several ridings. Despite the Liberals' improved standing, the results were considered a disappointment for Turner, after polls in mid-campaign predicted a Liberal government. Anyway, real estate prices were high and people in '88 were not having it. February 17 1988 Oshakati bomb blast: A bomb explodes outside the First National Bank in … But in 1988 the market was hot and people were worried about it. The Liberal Party, led by John Turner, was opposed to the agreement, as was the New Democratic Party led by Ed Broadbent. Benazir Bhutto, first Islamic woman prime minister, chosen to lead Pakistan (Dec. 1). US and Canada reach free trade agreement (Jan. 2). "% change" refers to change from previous election. Four months after celebrating the 25th anniversary of his historic win at the Supreme Court of Canada, Dr. Henry Morgentaler has died of a heart attack. The Liberals reaped most of the benefits of opposing the FTA and doubled their representation to 83 seats to emerge as the main opposition; the NDP had also made gains but finished a distant third with 43 seats. Now here's the part of the story when we laugh/cry at the cost of living back then. But here's the thing: the bubble was about to burst. Neil Macdonald reports on the increasingly unattainable cost of real estate in Toronto. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. [2] The weekly averages of the campaign, rounded to nearest whole number, were as follows: For a complete list of MPs elected in the 1988 election see 34th Canadian Parliament. A number of unregistered parties also contested the election. Toronto housing prices 'through the roof' ... in 1988. Box 500 Station A Toronto, ON Canada, M5W 1E6. Makes you wonder what you have to be now. The company even offered him an interest-free second mortgage. This election loss sealed Turner's fate; he would eventually resign in 1990, and was succeeded by Jean Chrétien, who proved to be a more effective leader. The XV Olympic Winter Games, were held in Calgary, Canada from February 13th to February 28th. The Liberals had some early struggles, notably during one day in Montreal where three different costs were given for the proposed Liberal daycare program. The ads focused on Turner's leadership struggles, and combined with over $6 million CAD in pro-FTA ads, managed to stop the Liberals' momentum. The Western Independence Party ran one candidate in British Columbia, seven in Alberta, and three in Manitoba (although one of the Manitoba candidates appears to have withdrawn before election day). The moribund Social Credit Party fielded nine candidates, far short of the 50 required for official recognition. September 1 – Several new cable channels sign-on: September 1 – All rail service is terminated in, December 15 – The Supreme Court rules that the, December 21 – The Quebec government reinstates the language laws using the, This page was last edited on 23 October 2020, at 14:56. This is what people in other Canadian cities needed to live large. Terrorists kill nine tourists on Aegean cruise (July 11). According to the story, in order to comfortably afford a 3-bedroom home in Toronto in 1988, a family of four needed to make $67,000/year. May 9 – Gary Filmon becomes premier of … Just look at what the former vice president of a real estate firm said at the time: Pretty harsh. His kids were not impressed with CBC News in their kitchen. For the Progressive Conservatives, this was the last federal election they would ever win. Indeed, the Liberals actually lost five seats in Quebec, many of which they had only retained in 1984 due to vote-splitting between the Tories and the since-defunct Parti nationaliste du Québec. Popular vote by province, with graphs indicating the number of seats won. Pan-Am 747 explodes from terrorist bomb and crashes in Lockerbie, Scotland, killing all 259 aboard and 11 on ground (Dec. 21).

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