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Editor's Edition: Why low inventory means price increases for real estate aren't done

Canada’s real estate markets broke records in 2020, as people stuck at home during the pandemic looked for more space outside of city cores.

There was a lot to talk about on this month’s episode including advice for buyers and sellers, low inventory, mortgage rates, condos, bidding wars, the urban exodus, government policy, and the Bank of Canada’s role in rapid home prices increases.

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 trying to navigate real estate markets.

They both think the strength will continue in Toronto and Vancouver, with prices rising in the months to come due in large part to a lack of inventory for sale and strong demand.

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.

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