Move Smartly

MoveSmartly.com showcases a talented team of knowledgeable writers, including insightful market analysis from John Pasalis, who is the President of Realosophy. You can learn more about John here. Our articles and contributors are frequently highlighted in various media platforms, such as print, television, and radio. Notable mentions include the Globe and Mail, Toronto Star, CBC, BBN Bloomberg Business News, TVO's The Agenda, among other prominent news sources.

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Home Prices Finally Fall (a Bit) - What’s Next? - Toronto & Vancouver Real Estate May 2025

1 week ago | movesmartly.com | Urmi Desai

It's roundtable time again! Urmi talks to John in Toronto and Steve in Vancouver about all things real estate. Once again, we here what is going on in the data and on the ground in Toronto and Vancouver. And for the first time, homes in all categories drop - though pre-con and condos remain the most sluggish.
Want to add a child to your home title to save probate tax? Here’s why that’s a bad idea

3 weeks ago | movesmartly.com | Bob Aaron

With the value of the average Toronto home running north of $1 million, it can be tempting for parents to add their children to title to avoid paying the government’s 1.5 per cent probate tax on the death of the surviving parent. On a $1 million Toronto house that tax comes to $15,000, and on the average condo at $640,000, the tax is $9,600.
Should Canadians Choose a Fixed or Variable Mortgage Rate During a Trade War?

1 month ago | movesmartly.com | David Larock

Move Smartly mortgage expert David Larock explains what Canadian mortgage holders need to know each week.
The BoC’s Latest Rate Cut Is Overshadowed by Trump’s Trade War

Feb 7, 2025 | movesmartly.com | David Larock

Move Smartly mortgage expert David Larock explains what Canadian mortgage holders need to know each week.
Why the Bank of Canada Will Cut Again This Week

Jan 27, 2025 | movesmartly.com | David Larock

Last week, Statistics Canada released our latest inflation data, for December, and the results came in basically as expected. Our Consumer Price Index (CPI) decreased from 1.9% in November to 1.8% in December year-over-year (YoY). The Bank of Canada’s (BoC) most closely watched measures of core inflation, CPI-trim and CPI-median, also decreased slightly to 2.5% and 2.4% YoY respectively. The continued declines in our key inflation gauges came with some caveats.
Implications for Last Week’s Mortgage-Rate Related News

Jan 20, 2025 | movesmartly.com | David Larock

Last week contained noteworthy developments for anyone keeping an eye on mortgage rates. On Wednesday, we received the latest US Consumer Price Index (CPI) data for December. It showed that overall US inflation increased for the fourth consecutive month. But bond-market investors were obviously happy with the report because they pushed US Treasury yields lower in response.
Beware of Walking Away From a Home Sale Contract Over a Listing Mistake - it Cost This Family Big Time

Jan 15, 2025 | movesmartly.com | Bob Aaron

According to the listing, the home contains 6,900 square feet of living space, of which about 4,800 were above ground. It has nine bedrooms including three in the basement, and five bathrooms plus one in a cabana adjacent to the in-ground heated pool. There is a three-car garage and room to park another eight cars on two driveways. The listing stated that the municipal taxes on the property were $7,297.03 for 2021.
A Year of Modest Sales and Flat Prices for the Toronto Housing Market in 2024

Jan 14, 2025 | movesmartly.com | John Pasalis

As we move into 2025, it’s worth looking back to see how sales, listings and prices in 2024 compared to previous years. The low-rise house and condominium (condo) markets both experienced significant cooling, marked by low sales volumes, yet home prices remained resilient. Sales of low-rise houses, including detached, semi-detached, and townhomes, increased modestly compared to 2023.
Employment Surges Higher. Will Mortgage Rates Follow?

Jan 13, 2025 | movesmartly.com | David Larock

Last Friday we received the latest US and Canadian employment reports, for December, and both headline prints came in higher than expected. Bond yields on both sides of the 49th parallel spiked in response, adding upward pressure to Government of Canada bond yields, which our fixed mortgage rates are priced on. A closer look at the data confirms that the strong response from bond-market investors was more appropriate for the US results than for the Canadian results.
Review 2024, Preview 2025 + Trudeau Going, Trump Coming - Toronto & Vancouver Real Estate Jan 2025

Jan 11, 2025 | movesmartly.com | Urmi Desai |John Pasalis

It’s our first roundtable of the year with my co-host John Pasalis in Toronto and Steve Saretsky in Vancouver. This month, John and Steve discuss how the market performed last year and what we can expect in 2025. Plus, when will the preconstruction market slowdown result in price drops and how will the incoming U.S. President Trump’s threats against the Canadian economy and new Conservative government in Canada later this year impact housing?