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Editor's Edition: What it will take for Toronto and Vancouver real estate prices to fall

Home buyers in the The Greater Toronto Area (GTA) and Vancouver area real estate markets seem to be focusing on a return to normal after COVID-19 lockdowns, instead of real estate.

But it’s still a competitive market and prices haven’t come down. The year-over-year price gains are dizzying and the federal Conservatives are pressing the Liberal government to take action on housing affordability for first time buyers.

We’ve been getting monthly updates from the ground floor from Realosophy Realty’s John Pasalis and Oakwyn Realty’s Steve Saretsky, who help make sense of it all, with advice for anyone buying or selling a home.

Also See: The latest real estate news for housing prices, mortgage rates, markets, luxury properties and more at Yahoo Finance Canada.

They answered viewer questions and shared their thoughts on where they see markets going

If you have questions, email them to jessybains@yahoofinance.com and John or Steve will answer them on the next episode.

Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.