Thursday, January 25, 2007

Compare & Contrast - Studio 303 vs. the average Canadian House


While it isn't visual arts, I was very saddened to hear that Studio 303 is having financial difficulties. I quite like the idea of having them here in Montreal. But I was surprised to discover that their operating budget in 1989 was $75,000 and it has now grown to $260,000. Most of which I understand comes from a variety of governments.

I also read how 'the average price of a home in Canada rose 264 per cent since 1981..' In 1981 it was $76,000 and now it is $277,000. Or if you prefer a 5.3% increase compounded annually every year for 25 years.

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