Our guest this episode is Daniel Foch — Chief Real Estate Officer at Valery, host of The Canadian Real Estate Investor Podcast and one of Canada's most-followed voices on housing data and market analysis. He first joined us back on Episode #35, and with so much having changed since then, we brought him back for a full update.
In this episode, Dave and Daniel dive into the current state of Canadian real estate, starting with where prices and sales actually sit in Ontario and BC today. They break down the Toronto condo crash and the supply crisis it has created, why unrealistic sellers are keeping the market stuck and whether rents are going to keep falling. They also cover how tariffs and AI could push unemployment higher and what that would mean for housing.
The conversation also explores the policy side of the picture, including CMHC's financing programs for rental developers, the government's housing incentives and why so many municipalities are now cutting development charges. Daniel explains why builders have stopped building small homes, lays out his concept of "houseflation" and shares his take on the biggest macroeconomic surprises of the year. Along the way, Dave and Daniel tackle whether downsizing baby boomers will flood the market, how immigration cuts are reshaping demand and how Daniel is using agentic AI to rebuild the way real estate businesses operate.
Whether you're a homeowner, a renter trying to decide when to buy or simply trying to make sense of where Canadian housing goes from here, this episode is full of data-driven insights and candid analysis you won't want to miss.
Show Notes
(00:00) Intro & Disclaimer
(00:55) Intro to Daniel Foch
(03:35) The Current State of Real Estate in Ontario and BC
(06:44) How Tariffs and AI Could Impact Unemployment
(11:22) Why Unrealistic Sellers Are Hurting the Market
(13:44) The Toronto Condo Market Crash and Supply Crisis
(16:20) CMHC's Financing for Rental Developers
(19:35) Are Rent Prices Going to Keep Falling?
(20:18) The Impact of the Government's Housing Policy Incentives
(22:53) Why Municipalities Are Cutting Development Charges
(26:51) Why Builders Don't Build Small Homes Anymore
(28:52) "Houseflation"
(35:10) The Biggest Macroeconomic Surprises of the Year
(38:53) Will Downsizing Baby Boomers Flood the Housing Market?
(41:33) How Immigration Cuts Impact Canadian Real Estate
(44:03) Using Agentic AI to Revolutionize Real Estate Businesses
(48:52) Conclusion
