Canada’s hottest real estate markets broke records during what’s usually the quiet holiday season, as governments stepped in with plans to make housing more affordable.
There was a lot to talk about on this month’s episode, including vacant homes taxes, incentives for first time buyers, low mortgage rate, condos, bidding wars, the urban exodus, the effect of vaccine rollouts, and the Bank of Canada’s role in the improbable rally.
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 the rally still has legs and expect to see strong markets in Toronto and Vancouver in the months to come.
Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.