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]

Spring Market Showdown - 2017 vs 2021 GTA housing market.

Tuesday Mar 2nd, 2021

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  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]

Daniel Foch Interview on BNN Bloomberg

Tuesday Jan 5th, 2021

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  Toronto's urban exodus was driven by shifting life plans: Broker Daniel Foch, broker and real estate analyst at Foch Family Real Estate joins BNN Bloomberg to discuss his research on what drove the urban exodus in Toronto, and what next year could bring.   Full video:  https://www.bnnbloomberg.ca/video/toronto-s-urban-exodus-was-driven-by-shifting-life-plans-broker~2105537   [read more]

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