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Link to article: https://www.greaterfool.ca/2020/11/12/outta-here-4/ Exerpt: Realtor Daniel Foch, a house-slinger from north of Toronto, did some interesting plotting recently. He tracked 211 deals reported by the real estate board in the course of one day, following the links between the sale address and the agent’s office address, showing the path of buyer migration. It’s an exodus, he says, from the urban core to the fringes. To the east Durham was a big winner.... [read more]

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]

  Status is online Daniel Foch Real estate. 32 articles   I’ve heard a lot of anecdotal comparison alluding to 2021’s similarity to 2017. While I do feel the same phenomena in consumer sentiment that many are describing, I felt compelled to see whether or not we could learn something from the data between these two points in time. On the qualitative side, I’ve heard reports of, or... [read more]

I feel like I've been generally about as exhaustive as I can be about the impact/existence of the "urban exodus" in the GTA, but you can expect a little bit more data in the future. The team at informedrealtor.com is putting together a visual timeline video. BlogTO & Zoocasa posted a great map detailing price growth across the GTA that echoed my original exodus mapping project. From my perspective, price is the more important metric than individual or household... [read more]