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Should Condo Renters Facing Ever Higher Costs Just Do What it Takes to Buy? + Is it the Right Time to Downsize? — ‘The Situation’ Consumer Q&A

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By John Pasalis

In our regular Move Smartly feature, "The Situation," lead contributor John Pasalis responds to the questions that real estate consumers are asking right now.


This month, John responds to home buyers who wonder if it’s the right time to downsize and another who wonders if they can upsize and hold onto their current property as an investment. And a frustrated renter asks whether it makes more sense to pull together a downpayment buy a condo right now as rents continue to rise.

How to watch?

 

Submit your own real estate questions to be addressed in future episodes to: askjohn@movesmartly.com

 

John Pasalis is President of Realosophy Realty. 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 utilized by the Bank of Canada, the Canadian Mortgage and Housing Corporation (CMHC) and the International Monetary Fund (IMF).

A leader in real estate analytics, Realosophy educates consumers at Realosophy.com and MoveSmartly.com and helps clients make better decisions when buying and selling a home.

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Published: June 12, 2023
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).

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