Historical price appreciation trends in the GTA amid fluctuating interest rates

Sustained and steady appreciation of real estate values over the long term

The annual percentage variation in home prices, characterized by predominantly increasing values in most years.

Historical Chart of 5-Year Fixed Interest Rates

Over the eight years leading up to the onset of the COVID-19 pandemic, the interest rates fluctuate within the range of 2% to 3%. During this period, the estimated monthly mortgage payment for every $100,000 borrowed, encompassing both principal and interest, was approximately $425 to $475. 

Various types of homes exhibit nearly identical price trends.

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