Housing Market Set to Remain Competitive in the Greater Toronto Area
Educated guesses and cautious optimism became prevalent in the Covid-19 world. Economists, governments, businesspeople and everyone else scrambled to try to figure out what would come down the pike. Many of those people on that frenzied quest to understand are doing so after being introduced to a perplexing housing market. There was, of course, the departure from apartments and condominiums and to single family homes as people who lived their lives largely in the outer world suddenly found the walls closing in during the shutdown. Backyard office sheds became a thing and peoples’ children needed dedicated workspace in light of school closures. Bidding wars became old hat as people fought with their pocketbooks for their dream homes. Life suddenly became much simpler and much more complicated in a matter of a couple of weeks. Many experts painted grim economic outlooks and are now walking some of those statements back. The world’s economies appear to be showing resilience and when Ontar