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]

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]

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]

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]

Home prices keep climbing Liberal file photo As of Aug. 19, 2016, home prices in York Region keep climbing.   Stouffville Sun-Tribune By Lisa Queen  With housing prices skyrocketing in York Region, ever wonder how far your real estate dollar will go? RELATED STORIES Home prices surge again in Richmond... We’ve found properties across the region at various price points.   Under... [read more]