Is Toronto real estate the new gold?

Globe & Mail March 11 2020

Every financial market you can think of is in an uproar right now, but not Toronto real estate.

Sales of houses and condos for the first week of March were up 47 per cent over the same period last year and average prices rose 18 per cent, said John Pasalis, president of Realosophy Realty, a real estate brokerage that specializes in data analysis.

“Sales are still strong, there are still lots of bidding wars, open houses are still packed,” Mr. Pasalis said. “There’s no slowing down right now, from what we’re seeing at least.”