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Article content Buyers coming to the condo market expecting to snag a deal this spring are going to be disappointed. That’s according to John Pasalis, president of Realosophy Realty. “It’s become very competitive,” he says. “People who are thinking they are just going to go in and buy something for $30,000 under asking are going to be really surprised. That’s not the market today; that was the market in October.” We apologize, but this video has failed to load. Try refreshing your browser, or Toronto s condo market heats up Back to video Slowly rising interest rates may add some volatility, but the vaccine rollout – and its promise of an eventual end to the pandemic – is fuelling optimism among condo investors. So are rising house prices in the suburbs.

John pasalisCalum rossDiana petramalaDavelle morrisonCassandra drudiRealosophy pasalisMortgage management groupRyerson university centre for urban researchCentre for urban researchBosley real estate ltdPostmedia network incLand developmentRealosophy realtyToronto regional real estateRyerson universityUrban research