There is no doubt that this pandemic has created a shift in people’s priorities. We have discovered how valuable our families and homes are. This has spurred a surge in people renovating and making large purchases for their homes.
According to a recent study by RBC, 40% of those surveyed said they intended to renovate their home during the pandemic, and 30% surveyed were eyeing major purchases such as hot tubs, pools or new furniture.
With the stay-at-home orders from the government, we saw a need for workspaces for our jobs. With the move to online learning in schools we required workspace for our children and with entertainment venues and gyms close we saw a rise in a want for home theatres and home gyms.
Even after the stay-at-home orders have been lifted many people are reluctant to return to the office now that they have tasted the work from home option.
The stay-at-home order has created a shortage of lumber for decks, and made many recreational vehicles, furniture, and labour for construction and landscaping difficult to obtain with long wait lists.
However, some were unable to make the appropriate changes to their current home and have moved to or are planning a move to a more suitable home. With many people now realizing they can work home on a long-term scale they are able to move further from larger cities to smaller towns.
In fact, for as long as most realtors can remember 2020 saw a higher rise in suburban prices than in the city of Toronto!
The world is changing but the prices in our area are trending up and will likely continue to do so now that many companies are permitting their staff to work from home.
If you are considering a move soon let me know. I am always here to help you make sense of the evolving market and to help you make your next SAVVY MOVE.
Allen Skinner
Realtor
Asavvymove.ca
519-535-4030
REmax AB
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