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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]

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]

The urban exodus & York Region real estate: Daniel Foch weighs in for YorkRegion.com

Thursday Aug 6th, 2020

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Is York Region attracting detached-home buyers amid the COVID-19 pandemic? While Toronto condo sales have fallen to lowest level since Great Recession, York Region looking lucrative NEWS Aug 03, 2020 by Dina Al-Shibeeb  Vaughan Citize Daniel's Excerpt Below: With experts in the real estate industry continuing to speculate on how COVID-19 will affect the market in the long run, indicators so far show a win for York Region suburbs’ detached... [read more]

The end of the rebound: Covid Weekly York Region Real Estate Market Update - May 2

Monday May 4th, 2020

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The volume metrics I was optimistic about have regressed pretty substantially. Even more surprising is that price seems to show some surprising resilience against the volume challenges in the market right now. I think this is a good thing, but I'm reluctant to give it too much credit right now as it seems to be evolving as a selection bias. Selection Bias in York Region House Price Growth The easiest way to visualize this is by evaluating the price rebound we've seen is to try to... [read more]

Royal LePage Market Forecast: National Home Prices to Show Remarkable Resilience in 2020

Tuesday Apr 14th, 2020

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Best case scenario forecast shows Canada's aggregate home price could grow a modest 1% by the end of 2020 If the pandemic continues to heavily restrict business activity through late summer, a national home price decrease of 3% is expected by the end of 2020 The aggregate price of a home in Canada climbed 4.4 per cent year-over-year in Q1 2020 High demand and low inventory in Toronto, Montreal and Ottawa fueled rising home... [read more]

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