Canadian Real Estate Market Report Summary April 2022  The growth in house prices during March 2022 remained robust, although the rate of change has declined substantially from February. Month-over-month price gains slowed from 5.3% last month to 2.2% this month.  The apartment category is still pretty strong. Second-highest ever m-o-m change. Daniel believes this is driven by two factors - the reopening of dense urban centers and the pivot to entry-level condos that may... [read more]

  Status is online Daniel Foch Real estate. 32 articles   I’ve heard a lot of anecdotal comparison alluding to 2021’s similarity to 2017. While I do feel the same phenomena in consumer sentiment that many are describing, I felt compelled to see whether or not we could learn something from the data between these two points in time. On the qualitative side, I’ve heard reports of, or... [read more]

When you think of real estate development in small towns, what do you imagine? For most investors, large land parcels with massive master-planned communities are the first thing to come to mind. Proportionately, this type of development is responsible for bringing a lot of units to market in the past few market cycles. It may not be especially well-suited to meet the changing demands we've seen in the Greater Toronto Area as a result of the "urban exodus" phenomena I wrote about... [read more]

Link to article: https://www.greaterfool.ca/2020/11/12/outta-here-4/ Exerpt: Realtor Daniel Foch, a house-slinger from north of Toronto, did some interesting plotting recently. He tracked 211 deals reported by the real estate board in the course of one day, following the links between the sale address and the agent’s office address, showing the path of buyer migration. It’s an exodus, he says, from the urban core to the fringes. To the east Durham was a big winner.... [read more]

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