Toronto - Return to Downtown Core?
Many Torontonians put their downtown Toronto condominiums on the market, in order to move further out of the city into the suburbs where they were able to afford homes with yards. However, two developers do not expect this trend to continue as the pandemic is nearing its end.
During the 2021 Land and Development Conference that was held in June, the impact of COVID-19 on buying trends and design was examined.
Data revealed that 2020 sales of condominium units in the 905 region surpassed the sales in the 416 region for the first time. One developer revealed that he believes this trend is not likely to continue, and sales will increase again in the downtown core, however it will not be exactly as it was before…
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