The Motria Group's Market Blog: It's been quite a whirlwind summer in the real estate market
Tuesday Sep 29th, 2020Share
It’s been quite a whirlwind summer in the real estate market. A very busy summer made up for a quieter Covid spring. We saw and are seeing a lot of movement as people readjust to the new Covid reality. An exodus from the city was reflected in substantial increases in prices out of the city. Cottage country has exploded. Those living in smaller homes with young children and working form home are looking for larger homes either in the city or out of the city. Many in condos are going into houses. international investors are not coming in. Hence we are seeing an increase in house demand and therefore prices as people look for space along with a decreased demand for condos and a flattening of condo prices. It will be interesting to see how this new world looks after we get a Covid vaccine. Not an easy time.