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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]

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]

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]

Baldwin Ontario February 2017 Real Estate Market Infographic

Friday Mar 3rd, 2017

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Baldwin Ontario is a real estate sub-market in Georgina, Ontario on the Toronto Real Estate Board. In Baldwin , real estate listings have an average list price of $708,250 , and an average sale price of $724,500 . The average list to sale price ratio of homes for sale in Baldwin was 104 percent. Real estate taxes, on average, were $4,362 in Baldwin The average time a Baldwin real estate listing spent on the market was 53 days. The highest sale price of a home in Baldwin was $475,000 and... [read more]

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