Editor's Edition: Real estate still resilient during COVID-19

Canada's biggest real estate markets have not only avoided a collapse, they continue to break records, despite the worsening COVID-19 pandemic.

But not all types of homes are in high demand.

As more people work from home they are leaving Toronto and Vancouver condos behind for more space in the suburbs and beyond, which is helping push rent on some types of buildings down to levels not seen in years.

The urban exodus has however pushed prices for single-family homes higher in the suburbs and beyond.

Realosophy Realty’s John Pasalis and Oakwyn Realty’s Steve Saretsky help make sense of it all, with advice for anyone buying or selling a home.

They also tell us why they think markets have been able to weather the economic storm brought on by the pandemic and why Toronto and Vancouver real estate is likely to stay hotter into the winter.

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

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