Ontario Real Estate During COVID-19
“While outdoor engagements and personal interactions are still on the decline and under total lockdown, real estate prices are on a record surge and are seemingly not suffering from lockdown side effects. The astounding question is why and how?“
COVID has altered our perception of everyday living and life has now become entirely focused at home. As we witnessed, 2020 was a year spent in relearning and restructuring home living. Our mantra had become live, work and play at home. We are now again driven back into our homes as 2021 seems like a reroll of 2020.
“Tenants are moving out, finding competitively priced spaces and homes amid the downfall of value of downtown real-estate, or deciding to finally become home-owners.”