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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]

Daniel Foch featured in Yahoo Finance Canada: "Toronto's real estate market smashes July sales record"

Thursday Aug 6th, 2020

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Toronto's real estate market smashes July sales record   Jessy Bains August 6, 2020, 2:32 p.m.     (REUTERS/Mark Blinch) The Greater Toronto Area’s housing market seems almost immune to the crippling economic effects of COVID-19 right now. July was a record-breaking month, with 11,081 homes sold, according to new data from the Toronto Regional Real Estate Board (TRREB).... [read more]

Week of April 17: Covid-19 Real Estate Market Update for York Region

Friday Apr 17th, 2020

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Last week I started increasing my real estate market reporting to include weekly updates. Reverse engineering: My secondary objective for this increased coverage is to learn what a recovery scenario might look like, and to be able to understand the shape it will take. Until that happens, I'll likely continue this practice. My primary objective for this increased coverage is to monitor the important indicators that we can use in an attempt to determine whether nor not we... [read more]

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