Angry Mortgage SPECIAL GUEST DANIEL FOCH | Canada Real Estate | EP 95
Oct 22, 2024
In this insightful discussion, Daniel Foch, a real estate researcher and analyst specializing in development, shares his expertise on the looming Toronto condo crash. He breaks down alarming statistics about thousands of condos set to close soon, posing the critical question of whether buyers will face swift or slow financial losses. The conversation also explores rising construction costs, emotional stress for homeowners, and historical parallels to past market bubbles. Foch's analysis emphasizes the precarious state of the market and potential future bargains.
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Daniel Fosch's Real Estate Journey
- Daniel Fosch grew up in a real estate family, learning the business from his parents.
- He gained diverse experience in brokerage, research, and consulting, culminating in his current focus on content creation and analysis.
Toronto Condo Crash: A Significant Economic Event
- The Toronto condo crash has broader economic implications due to the substantial financial resources tied up in the market.
- The crash impacts lending, the volume of money involved, and major Canadian banks.
Toronto Condo Development Process
- Toronto condo development involves a lengthy process from land acquisition to the final sale of units.
- Developers often hold back a portion of units for later sale at potentially higher profits.