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Wall Street Journal features Daniel Foch: "Housing Boom Fades World-Wide as Interest Rates Climb"

Monday Jul 18th, 2022

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Link to full article: https://www.wsj.com/articles/housing-boom-fades-world-wide-as-interest-rates-climb-11658142000  "With Canada mortgage rates at their highest level since 2009, house sales in June were down 24% from a year earlier, according to the Canadian Real Estate Association. Real-estate brokerage Realosophy said Toronto sales declined 40% in May from a year earlier and now sit at a 20-year low. The median price for a Toronto home, excluding condominiums, is... [read more]

Is the spring market dead? Sales are now following prices DOWN!

Saturday May 14th, 2022

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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]

As Home Prices Fall, More Buyers Are Backing Out of Deals - Daniel Foch in Storeys Publishing

Thursday May 12th, 2022

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Link to original story: https://storeys.com/buyers-backing-out-financing-falling-home-prices/    REAL ESTATE NEWS As Home Prices Fall, More Buyers Are Backing Out of Deals PUBLISHED: 11:09 AM MAY 12, 2022 In early February, a three-bedroom house in Clarington, Ontario — a city on the easternmost outskirts of the GTA that has, on a good day, an hour-long commute into downtown Toronto — sold for $1,035,000. It was on the market for just four... [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]

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