When you think of real estate development in small towns, what do you imagine? For most investors, large land parcels with massive master-planned communities are the first thing to come to mind. Proportionately, this type of development is responsible for bringing a lot of units to market in the past few market cycles. It may not be especially well-suited to meet the changing demands we've seen in the Greater Toronto Area as a result of the "urban exodus" phenomena I wrote about... [read more]

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  ILLUSTRATION BY KATHLEEN FU Josh Murray, who is leaving Toronto with his wife for a house in Kitchener, Ont., picked their neighbourhood partly because of its diversity. When he has children, he wants them to grow up in a multicultural environment. “There’s certain places we didn’t consider because of that,” Mr. Murray said, referring to areas that are more racially homogeneous. Daniel Foch, broker at Foch Family Realty in Georgina, Ont.,... [read more]

  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]