Skip to main content
twitter facebook linkedin

Will Toronto be Spared a Major Real Estate Correction?

twitter facebook linkedin

John Pasalis in Toronto Real Estate News

While the real estate market may be crumbling out west, recent media reports suggest that Toronto’s real estate market is one of the more rational in Canada.

This week CIBC senior economist Benjamin Tal forecasted that house prices in the GTA will drop approximately 5%.  Based on our Year to Date average of $387,080, a 5% decline would bring us to $367,726. 

In Move Smartly's first poll, we want to know..

John Pasalis
John Pasalis
John Pasalis is President of Realosophy Realty, a Toronto real estate brokerage which uses data analysis to advise residential real estate buyers, sellers and investors. A specialist in real estate data analysis, John's research focuses on unlocking micro trends in the Greater Toronto Area real estate market. His research has been shared with the IMF and cited by the Bank of Canada and CMHC. A frequent commentator on the Toronto housing market and real estate consumer and industry issues, John has contributed to the Globe and Mail, CBC, BNN Bloomberg, TVO's The Agenda, Toronto Star and other media, national and international government and industry organizations. John holds a B.Sc. in Economics from the University of Toronto and is a candidate in the Doctorate of Business Administration Program at the University of Toronto and Henley Business School (UK).

Get the Stories Behind The Sold Signs—Delivered Right to Your Inbox.