It's a question a lot of people are asking me - here's what buyers are really asking and how I respond.
In my latest video, I explain that while it's always hard to predict where prices will go next it doesn't mean that would-be home buyers can't do anything to make better real estate decisions at a time when the Toronto area market is experiencing such sudden historic falls in sales and prices.
In my latest video, I explain that while it's always hard to predict how low prices will go (as I discussed in my previous video), there are three key factors you need to consider in order to make better home buying decisions as the Toronto area market suddenly slows.
In talking to consumers and clients alike, I take you how I discuss the particulars of their situation in the context of these three key factors - 1) personal circumstances, 2) micro-trends and 3) macro-economic trends - to help them arrive at the right answer.
See also the next video in this special series, "How to Adjust My Home Buying Strategy When Prices Are Falling?"
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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 utilized by the Bank of Canada, the Canadian Mortgage and Housing Corporation (CMHC) and the International Monetary Fund (IMF).