Angry Mortgage Dan Foch- Chief Real Estate Officer at Valery.ca | EP. 157
Jan 20, 2026
Dan Foch, Chief Real Estate Officer at Valery.ca, shares eye-opening insights about the Canadian housing market. He discusses how rising home prices are still out of reach for many, while first-time buyers are becoming a larger market segment. They examine the pivot of investors away from single-family homes towards CMHC-supported multifamily projects. Foch also highlights the ongoing risks associated with condo defaults and the impact of geopolitical factors on real estate demand, painting a complex picture of the evolving market.
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Agents Pivot To Leasing For Survival
- Valery.ca pivoted agents toward leasing because Toronto-area markets are unaffordable and agents are becoming rental agents.
- Dan Foch says focusing on rentals lets a tech-first brokerage iterate faster and support agents with AI automations.
Prices Likely To Continue Grinding Down
- Dan Foch and Ron Butler expect prices to continue grinding down through 2026 with only a potential brief April blip.
- They expect volumes to recover slowly because incremental affordability brings a trickle of new buyers each quarter.
Volume Bottom Reaches Slow Recovery
- Sales volume may have bottomed; modest increases expected in 2025–26 as affordability and wages slowly improve.
- Recovery will be a slow trickle not a rush unless a major policy shock occurs.
