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Why is Toronto's Real Estate Market Doing Better Than Vancouver's?

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Toronto is doing better at the things that matter most and was less affected by negative factors.

The Toronto Real Estate Board Market Watch report was released earlier this week and Realosophy's John Pasalis joined BNN Bloomberg's Amber Kanwar and Jon Erlichman to discuss what the numbers mean.

Key topics included why Toronto's real estate market remains stable while the Vancouver market has plunged 31%, the impact of investment (both foreign and domestic) and banking policy changes (such as mortgage stress tests) and the sluggish recovery in the Greater Toronto Area's York Region.

 

Top Image Credit, Video: BNN Bloomberg

Realosophy Realty Inc. Brokerage is an innovative residential real estate brokerage in Toronto. A leader in real estate analytics, Realosophy educates consumers at Movesmartly.com and Realosophy.com, Realosophy helps clients make better decisions when buying or selling a home. 

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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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