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Editor's Edition: How fear of missing out is sending Canada's home prices soaring

Canada’s real estate markets keep breaking records for price gains and sales despite COVID-19 restrictions and there’s a lot of talk about parts of the housing market being in a bubble.

There were a number of important issues to discuss in this episode including rising mortgage rates, inflation, FOMO, the urban exodus, the Bank of Canada’s role in the improbable rally, and so much more

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.

They both think there are troubling signs in pockets of the Toronto and Vancouver markets and think first-time buyers have it tough.

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

Download the Yahoo Finance app, available for Apple and Android.