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It’s May roundtable time with Steve in Vancouver and John in Toronto!
Right now, Toronto is seeing a massive shift in housing zoning policies both at the municipal and provincial level.
A 20-year low in the number of homes being listed for sale is causing Toronto area house prices to rise again, despite today's high interest rates.
Politicians and many media outlets appear to be confused about when home prices began spiralling out of control.
It’s finally April, and once again, time for our Toronto and Vancouver real estate roundtable!
Amidst continuing historically low levels of home sales, the competition for houses is surprisingly intense in Greater Toronto Area (GTA) as demand outpaces listings.
It’s March Madness time and also time for another Toronto-Van City Real Estate Roundtable with Urmi, John and Steve!
Watch my recent live market update chat where I share my report highlights and answer your questions on our Move Smartly YouTube channel.
In spite of historically low sales levels and high interest rates, the demand bottleneck typical of the first quarter is making its annual appearance.
New statistics show high levels of local investor investment in Ontario's housing market.
Toronto area sales levels continue to hit historical lows, but low listing levels keep prices flat.
2022 home prices are up year-over-year, but this obscures a tumultuous year in which prices hit new highs at the start, fell sharply in the middle, and have stayed flat since.
New Year, New Roundtable! Urmi talks to John and Steve about what we can expect to see as Canada faces an uncertain housing market in 2023.
After long denying the role that foreign buyers play in Canada's housing market, the federal government and authorities are not targeting the real problem.
As we head to the end of 2022, Urmi talks to John and Steve about top real estate stories in Canada & world right now - Canadians facing financial stress as interest rates rise...
Most recent market numbers from November show that prices in the Toronto area market are plateauing - for now.
Latest numbers continue to show a stalemate - for now.
In our monthly discussion, Urmi talks to John and Steve about top real estate stories in Canada & world right now - a global housing slump, Canada specific risks and where will...
The path forward is far from certain - I take a close look at the data to see what might happen next.
September market numbers are out - and I review how they stack up against on the ground realities now.
What economic research says about how real estate prices tend to move when the market changes suddenly.
Rising rents are keeping investors optimistic - for now.
With demand for real estate falling off dramatically, why aren't we seeing the build-up of homes on the market we'd expect?
August market numbers are out - and I review how they stack up against on the ground realities now.
The number of homes listed under the critical $1 million mark increases as the Toronto area real estate market continues to slow down.
This month, Urmi, Steve and John discuss the ongoing market slowdown, next Bank of Canada rate hike and look back to the last high-rate markets of 1981 and 1990 in Canada.
Areas that rose the highest during the Covid-boom are falling the most.
Average house price down to $1,285,222 in July, down 1% over last year, while average condo prices slid to $738,930, still 7% up over last year.
In this latest video in a special series, lead contributor, John Pasalis of Realosophy Realty, explains what you need to do to secure a better outcome in an uncertain time.
In the fourth of a special series, lead contributor, John Pasalis of Realosophy Realty, explains how buyers need to be thinking when making offers in a falling Toronto area market.
It's a question a lot of people are asking me - here's what buyers are really asking and how I respond.
Why things are different from the last time we saw a market downturn in 2017.
Latest market numbers show that Toronto's house and condo prices falling up to 20% from peaks earlier this year though staying slightly up year-over-year.
Since February 2022, condo sales and prices are declining far more rapidly in the suburbs than in the City of Toronto.
We haven't seen numbers like this since the height of the onset of Covid-19 pandemic.
Early signs of a slowdown on-the-ground now strongly showing in the latest market numbers.
Some areas that saw the fastest price gains during the pandemic are now coming down.
How consumer - and agent - anxiety is playing a role.
Over the last decade in the Toronto area, this increase has averaged 8% per year - but not this year.
The slowdown we were first seeing on the ground over the past two months is now showing in the numbers.
While March 2022 housing market numbers were well above those of 2021 and 2020, there are some signs of cooling as average prices fall slightly from February.
The numbers for February continued to show a hot market.
Cold weather and snow storms in January did nothing to cool down Toronto’s red hot housing market.
Condo buyers were pulled eastward in the search for affordability.
Suburban area homes are hot in the search for affordability.
Record year of 119,532 home sales, surpassing the previous record of 112,288 in 2016.
Experts discuss what's ahead and whether 2022 could bring a more balanced market.
Colder weather has had no effect on Toronto’s red hot housing market which continued to show signs of heating up last month.
Why are we are seeing such a huge increase in those wanting to invest instead of live in our homes?
The Toronto Area real estate market once again posted strong numbers in October.
Here is what these experts think you can expect for the fall market in Canada.
Average house prices jump up after months of holding steady as new listings remain historically low and average condo prices rise slightly.
A 56% decline from inventory levels year-over-year as the fall market is expected to remain as competitive as it has been this summer.
July's market numbers show that new listing supply for houses is falling faster than for condos.
Signs that the market is still moving quickly, but not as out-of-control as it was months ago.
The Toronto area market is still competitive and favouring sellers - but things are cooling down.
There are always some that will perennially argue that a lack of supply is the only problem behind high home prices in Toronto - but it's not that simple.
When thinking about what might trigger a decline in home prices, there are generally two broad categories — a fundamental trigger and a behavioural trigger.
Is it financially safe and worth making so many other sacrifices - like a long commute or living on a busy street - to get into the Toronto area housing market right now?
In the GTA's overheated market, even first-time buyers with good incomes are finding it nearly impossible to afford a home without long commutes to the city.
House sales of 7,825 in May are up 157% over last year - but this is due to the anomalies of the COVID-19 lockdown last year - and sales volumes have been trending down since...
Will a pullback in the market lead to lower average home prices in the coming months or will prices stay high throughout 2021? What would it take to bring down the average cost of...
Why only reporting upbeat and positive information is the domain of old school real estate brokerages.
As agents suggest that demand from investors for Toronto condos has likely exceeded pre-pandemic levels, we dig into the numbers to see.
The most important trend of note now is the start of a gradual cooling down in the market for houses across the Greater Toronto Area.
With 79% of houses and 63% of condos selling over the asking price in a pandemic no less, average home buyers are stressed - and confused.
This month we explore low inventory levels and demand shock in Toronto's housing market.
This month we explore the booming housing market in Toronto and across Canada and how new macro-prudential policies can be introduced to help cool the market.
This month we do a data dive on the City of Toronto’s volatile condo market over the past year.
'Excessive exuberance' on display in the Toronto area real estate market right now.
With some homes getting up to 30 offers in the Toronto area right now, how can you get ahead as a buyer?
This month we look at Toronto's emerging housing bubble in the suburbs, how it's different from 2017 and how it will end this time around.
Realosophy's John Pasalis talks to Yahoo Finance on the record highs in real estate and why work from home, low inventory, bidding wars, and the Bank of Canada raises housing...
In this post we look at the condominium neighbourhoods within the Toronto and GTA area that have performed well in terms of home price appreciation during 2020.
Given the year we’ve had and the impacts of the COVID-19 pandemic, it’s interesting to note which neighbourhoods within the Toronto and GTA area have performed well in terms of...
In this month's Move Smartly report, we look at key trends to keep an eye on in the Toronto real estate market during 2021.
In this month's Move Smartly report, we look back at 2020 and how COVID-19 impacted the Toronto real estate market.
Realosophy's John Pasalis talks to Yahoo Finance about why Toronto's real estate market broke records during what's usually a quiet holiday season.
Realosophy's John Pasalis talks to BNN's Greg Bonnell about record month in which sales surged 64.5 per cent year-over-year amidst double-digit gains in all property types.
Our interviews with top experts on the market amidst Covid-19 identified these key factors making an impact now - and what to watch for next.
The Greater Toronto Area saw a record low 2,942 home sales in April 2020.
An increase in months of inventory suggests buyers as slowly re-entering the market - but not all regions across the Toronto area are picking up at the same speed.
Research over 500+ Toronto Area neighbourhoods to see which fit your lifestyle needs - and offer the best return on your financial investment.
Find out how local real markets are doing in over 500 Toronto area neighbourhoods - based on real time house price data.
This week, I talked to BNN Bloomberg about the questions you should be asking yourself before investing in a pre-construction condo.
John Pasalis, President of Realosophy Realty, joins BNN Bloomberg to discuss needed changes to Canada's mortgage stress tests - and why it is unlikely to make a big impact on the...
Condos in the Greater Toronto Area are fetching prices 15% higher than last year - but this time, it's not because of higher demand.
Realosophy's John Pasalis talks to BNN's Greg Bonnell about why sharply rising prices - particularly in Toronto's condo sector - might be a cause for concern.
Realosophy's John Pasalis chats with the team at BNN Bloomberg to review Toronto real estate in 2019 - and discuss what's ahead for 2020.
The Toronto Area real estate market is heating up and getting competitive this winter as sales and prices rise and the number of new listings falls.
Why momentum is swinging back to the regions - and types of homes - that were hit hardest in last few years.
All Toronto area regions saw sales grow by double digits - except for Halton.
August home sales in the Greater Toronto (GTA) area were up 13% over the same month last year based on Realosophy Realty's analysis of sales through the Toronto Real Estate...
Toronto area detached home sales in continued to surge in last month - so why are prices falling?
Why are house prices sliding in the West of Canada, while the East returns to growth, with the Toronto Area's York Region leading the way?
Toronto area condo prices are now out of reach for many buyers, pushing sales down - so what's keeping prices up?
Strong demand continues with sales up 19% over the same month last year, but why aren't we seeing the bidding wars of previous years?
Condos have helped to prop up a drooping real estate market in the Toronto area - but has demand for them started to cool?
Toronto is doing better at the things that matter most and was less affected by negative factors.
The good, the bad and the ugly details that might impact Toronto’s housing market in the year ahead.
A soft landing in the housing market is a moderate and relatively balanced decline in house prices rather than a big 40-50% crash that some housing markets experience when bubbles...
Special Report: Toronto’s twenty-year housing boom has resulted in a negative side effect that homeowners are starting to feel – very high debt levels.
Will the Toronto real estate market return to previously seen highs - or has a major new road block appeared?
Can buying in outlying areas normally thought of as 'cottage country' be a viable way to get onto the housing ladder?
When will innovative Toronto-area brokerages like Realosophy finally be able to share home sold prices with consumers online?
Why are so many homes sitting empty and why has the number increased over last year?
When we look at the number of properties that have been listed for sale in the Greater Toronto Area (GTA) (including Toronto) since 2012, we see a very interesting trend.
The Canadian federal government introduced new mortgage rules in the fall of 2016 to combat rapidly increasing home prices - but have they driven up condo prices instead?
One of the questions I get often from buyers is how house prices can remain stable while sales are declining and inventory is increasing?
With Toronto Area condo sales down 26% in April 2018, many buyers are wondering why the condo market is still incredibly competitive and prices are still up.
Today we're releasing a new report featuring my analysis of last year's real estate bubble - why it happened and how it affected home buyers and sellers in Toronto and the Greater...
This time last year we published a report Freeholds on Fire: How Investor Demand for Houses is Driving Up Prices in the Greater Toronto Area which looked at how investors in the...
The headlines and the recent numbers about the Greater Toronto Area’s real estate market have not been great this spring. Average home prices are down 14% in March and sales are...
John Pasalis in Toronto Real Estate News, Home Buying
In my last blog post (The GTA Neighbourhoods Home Buyers Should Avoid), I walked through a metric we use at Realosophy to...
John Pasalis in Toronto Real Estate News, Home Buying
I recently stopped by TVO’s The Agenda to discuss the latest market stats with the Toronto Star’s Tess Kalinowski, and host...
Nicole Harrington in Listings of the Week
Here's my closer look at a recent Realosophy listing brought to market by our busy sales team - along with key insights and the bigger...
The semiannual Globe and Mail Home Value Survey powered by Realosophy is out today! Go to the interactive map to see how your neighbourhood has performed.
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