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Toronto increasingly out-of-reach for first-time buyers
It’s been dubbed ‘the rise of the suburbs.’ People have been craving more space as they work from home amid the pandemic and buoyed by expectations that remote work is here to stay, they’re still relocating from Toronto to the suburbs.
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Rise of the suburbs Back to video
“During the first wave of the pandemic, we saw a massive shift from urban centres to small towns and suburban neighbourhoods,” says Phil Soper, president and CEO of Royal LePage. “Across the country, the revival of these secondary cities has become a driving force of the market, attracting buyers of all ages.”