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Canadian Housing Can't "Crash" - but that's not the only way down

Wednesday Jul 7th, 2021

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A market "crash"​ isn't the only way down. Published on July 5, 2021 Edit article View stats Status is online Daniel Foch Real estate. 35 articles To me, a "crash" implies that prices fall so quickly that people don't have time to escape. This creates a trap in which financial stress can be spread across the entire economy. See America, 2008. In a normal year, it's very... [read more]

A $1 BILLION bet that Canadian housing will end up like Germany.

Tuesday Jun 29th, 2021

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It’s no news that Core Development recently announced they’d be purchasing $1 Billion in Canadian housing with their new fund. It was only a matter of time until this happened, as Jay Vasantharajah (@jayvasdigital) and I discussed in a podcast episode about a year ago. (Link for the curious) The industry knows about this – and therefore the majority of people in Ontario know about this, because the majority of people in Ontario are directly or indirectly employed by the... [read more]

Bidding Wars: the economic inefficiency of real estate

Wednesday Mar 3rd, 2021

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At the risk of sounding melodramatic, I honestly believe that bidding wars are among the greatest economic inefficiencies ever produced by the real estate market. In 2017, we saw a pretty wild market, with real-time price discovery being the greatest challenge of buyers, sellers, and realtors alike. As a result, we saw the arbitrary underpricing of properties that led to even more arbitrary firm offers being submitted. Ultimately, this created risk for buyers, sellers, and lenders as we... [read more]

Post-Exodus Real Estate: Liquidity & Sprawl

Thursday Dec 10th, 2020

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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]

What is the urban exodus, and why does it matter?

Tuesday Dec 8th, 2020

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Context I wrote a lot of articles earlier this year, but started doing more visual analysis for Instagram, Twitter & YouTube to grow my audience on those platforms. I've decided I should write a bit more again. I managed to put together a few data sets aimed at understanding the way people are changing their relationship with urbanized housing as a result of the covid-19 pandemic, and the consequential lockdowns that followed it. The information was well received by the media.... [read more]

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