Daniel Foch

speaker

1,195 appearances 3 recordings 1 series first heard May 2026 last heard 8 Jun

Daniel Foch’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in May 2026 with 2.

Appearances

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The Canadian Investor · Carney’s Big Pivot: Jobs, Energy, Housing & Major Projects · 9 May 2026 podcast

It doesn't reflect exceptionally positively on the idea that we are going to be trying to move 66% of the real estate as boomers retire, downsize and decease to a generation that can't afford it on a price to income basis and also can't afford it on a employment basis.

So I think that this is a very, very...

serious long-term headwind for the real estate market when I look at that great wealth transfer, which in Canada and the US is very much a great house transfer because we carry most of our assets in our primary residence.

And...

I don't think a lot of people are thinking about it.

And setting just that aside, these are also your individuals who are most likely to be affected by AI replacing their jobs, like entry-level careers.

There are your individuals who are going to have the hardest time, whose jobs are going to be most disproportionately impacted during layoffs, because they typically will kind of carve out the bottom end.

It's a worrisome trend.

I completely agree with you.

Youth unemployment.

And I'll finish with this.

I was feeling optimistic because it actually improved quite a bit heading into seasonal hiring.

And it was sort of correlated with the forefront of that trend of...

non-permanent residents numbers and temporary foreign workers leaving the country.

And if that was the case, then you would assume that the correlation was, okay, well, non-permanent residents were giving up a lot of these, or temporary foreign workers were giving up a lot of these entry-level jobs, and those jobs were now being filled by young people.

And so it looked good.

And that trend was exciting to me.

And then it just completely reverted within months, right?

So you can see it there.

If you look at your youth unemployment, it dropped for basically the seasonal hiring period.

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