John Pasalis
@JohnPasalis
All things Toronto real estate - President and Broker of Record at @RealosophyRE Ideas at @movesmartly
Today I’m releasing a report that explores a fundamental shift in Canada's housing market How homes evolved from affordable shelter into powerful financial assets, and what it means for affordability, inequality, and the future of the next generation. 1/⤵️
Totally true, John. When I moved here in 2014, I didn't get the "presentation center"/"presale" type ads and offices - had literally never seen one in the US. From the rise of suburbs to the rise of condos, financial regulation matters a ton for what gets built!
This is a must watch interview with John and one of Toronto’s best end user condo developers Devron founder Pouyan. Why do only small condos get built? The same reason our market didn’t crash for years. Pre-sell condos to trigger construction financing = only mom and pop…
Why does Toronto almost exclusively build micro condos owned by investors? And why have we decided that families don’t belong in our downtown core? I’ve heard every excuse for Toronto’s obsession with tiny condos. Some say it’s illegal to build family-sized units.🧵
I'm told 🇨🇦 should allow foreigners to buy your new homes, just like 🇦🇺 Because More Supply will make homes more affordable.
How is this even possible?