TORONTO — November brought a sense of urgency to the Toronto real estate market, where COVID-19 has people buying and selling homes for “completely different reasons” than before the pandemic, according to Peel-based broker Bethany King.
With schools restarting in January and many children and parents home for remote learning during the COVID-19 pandemic, buyers were willing to push their budgets to get a more spacious home in place for the new year, says King, a team leader at Century 21 Millennium Inc. brokerage.
“A huge draw to being in the city was all of the things that happen in the city,: the festivals, the nightlife, parties and gatherings. But all of that is gone now,” says King. “A lot of people don’t see the value in living in a place with so little square footage.”
Pockets of listings have also cropped up from