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Will Toronto be Spared a Major Real Estate Correction?

John Pasalis in Toronto Real Estate News

While the real estate market may be crumbling out west, recent media reports suggest that Toronto’s real estate market is one of the more rational in Canada.

This week CIBC senior economist Benjamin Tal forecasted that house prices in the GTA will drop approximately 5%.  Based on our Year to Date average of $387,080, a 5% decline would bring us to $367,726. 

In Move Smartly's first poll, we want to know..

Published: August 15, 2008
John Pasalis
John Pasalis - John Pasalis is the founder and President of Move Smartly, a Toronto real estate brokerage that helps buyers, sellers and investors navigate the Greater Toronto Area housing market. A frequent commentator on Toronto real estate, John has contributed to the Globe and Mail, BNN Bloomberg and the Wall Street Journal, and his work has been cited by the Bank of Canada, the IMF and CMHC.

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