Editor’s Edition: Toronto and Vancouver real estate ‘insanely competitive’

Competition is fierce for real estate in the Greater Toronto Area and Vancouver.

Prices are still out of reach for a lot of first-time homebuyers and are starting to go up again in some segments, so there’s a lot to think about before jumping into the market.

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.

Also See: The latest real estate news for housing prices, mortgage rates, markets, luxury properties and more at Yahoo Finance Canada.

They shared their thoughts on where markets seem headed ahead of the busy fall season. They also answered viewer questions about investing in Calgary, avoiding overbidding, a potential crash, when prices might go down, and timing the market.

If you have questions, email them to jessybains@yahoofinance.com 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.

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