Daniel Foch
@daniel_foch
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Building https://t.co/49WFiH2He6, Canada’s first Ai real estate brokerage. I talk about Ai, real estate, and economics. Canada’s #1 real estate podcast 👇
Canada
Joined April 2011
The surge in mortgage renewals at higher interest rates is squeezing Canadian family budgets, leading to increased monthly payments and worsening affordability. This reality impacts many households. #MortgageRates #CanadianEconomy
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Bitcoin’s on fire at $112K! Time to flip the charts on BTCC!.Exploring Cryptocurrency with Jaren Jackson Jr.🏀.
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Have they tried pouring a bottle of Crown Royal on it?.
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Single, high-earning first-time buyers are increasingly entering the condo market, particularly for smaller units unsuitable for couples. These buyers are often T4 super qualified. #condos #realestate
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Canadians are facing higher mortgage payments upon renewal, impacting family budgets and potentially slowing down the economy. Financial stress can delay life plans, and reduced consumer spending may follow. #MortgageRenewal #CanadianEconomy
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Statement from Ontario's Nine Largest REALTOR® Associations on Letter to Minister Crawford Regarding RECO and iPro Realty .
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Toronto condo market is in ‘free fall,’ federal housing minister says. “We were in a housing bubble,” Robertson said following a tour of Oak House, a new University of Toronto residence.
thestar.com
The Toronto condo market “is now in free fall,” Federal Minister of Housing and Infrastructure Gregor Robertson told the Star in an exclusive sit-down interview.
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RT @ShaziGoalie: 📉 Since 2005, 🇨🇦 home prices have exploded far faster than the 🇺🇸.📉 Wages here never kept pace. 📉 Why? Our economy is chai….
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RT @cosminDZS: This is the most important immigration statistic nobody’s talking about:. "New to Canada" consumers drove new consumer loan….
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RT @MultifamilyMad: Reason #834 why residential agents should never be caught dead with an apartment listing….
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RT @BenRabidoux: The bezzle, or the quantum of undiscovered fraud (in this case alleged fraud), is only made known when the market weakens.….
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RT @PHfloor: Dan is 100% correct. Net new mortgages outstanding haven’t just stalled--they’ve collapsed since the late-2021 peak and went….
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Police are now involved in the iPro case. “The scandal that broke Ontario's real estate industry”.
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Judge in new lawsuit: Reid's Heritage Properties may have been a Ponzi scheme. 140 investors who lost money after local developer RHP filed for bankruptcy are suing the company and its affiliates for millions. HT @ManyBeenRinsed .
therecord.com
Promises of low-risk investment on the back of 45 years of real estate success have investors out of over $75 million
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Guelph developer declares multiple bankruptcies and faces allegations of operating a Ponzi scheme. Promises of low-risk investment on the back of 45 years of real estate success have investors out of over $75 million. HT @ManyBeenRinsed .
therecord.com
Promises of low-risk investment on the back of 45 years of real estate success have investors out of over $75 million
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RT @lastofthefranks: One can confidently argue this result would not have occurred without social media talking heads forcing the issue.….
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Police launch investigation into iPro Realty scandal. The Ontario Provincial Police has launched an investigation into the iPro Realty scandal, the Star has learned.
thestar.com
Agents protest watchdog RECO that knew for months co-founders of iPro had ‘illegally disbursed’ $10.5M.
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It's not just capital flight; it's a flight of confidence. Temporary residents and international students are leaving, signaling doubts about Canada's economic prospects. When opportunities abroad look better, what does this say about Canada's future? #EconomicOutlook #Canada
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