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.
“I think there is some reason to be concerned [about froth]. When you look at what’s going on on the ground, I think there are a lot of people comparing it to what we saw in 2017,” said Realosophy Realty President John Pasalis in an interview with BNN Bloomberg.
In a wide ranging interview, John talks about strong investor interest in condos, the return of the detached home as the fastest growing area of sales in Toronto and the GTA and why price increases returning to the mid-teens is troubling.
Click on video below to watch full interview. Read full story here.
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).
Follow John on Twitter @johnpasalis
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