Fewer homes are being sold in the Greater Toronto Area (GTA) and Vancouver areas compared to previous months, but prices still haven’t come down as a result.
A few things have to happen before prices start to fall, which are up 30 per cent or more in some areas.
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 explained how home prices work and shared their thoughts on where they see markets going
If you have questions, email them to firstname.lastname@example.org 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.