Ontario real estate has seen a recent surge throughout this pandemic and overall Canadian “home sales increased by 25% and prices were well up from last year’s level, too [1]”, CBC reports. The pandemic has triggered changes in how businesses will operate moving forward and where employees will work from.
Companies in areas such as the GTA have shifted remotely, some indefinitely. The correlation between growth in real estate within cottage country or smaller urban areas and remote-working is no coincidence. Many see this as an opportunity to move away from the hustle and bustle of city life and areas such as Collingwood have seen an increase in construction to accommodate.
In the latest issue of Ontario Home Builders’ Association Magazine [2], Ted McIntyre discusses these changes and how it has affected homebuyers and employers. One of these employers is Crozier’s founder and CEO, Chris Crozier, where he mentions that “in the Collingwood and south Georgian Bay Area, we’re seeing a big post-COVID-19 uptick in the market. We have builders and developers coming to us—some with projects that were dormant for years, asking how quickly we can get building permits. And we’ve already had a strong run for five to seven years up here. I don’t think we’ve ever been busier, and the forecast is very strong.”
Companies have had to learn to adjust and pivot to the changing times all while continuing to maintain business-as-usual. The article also forecasts that designs of residential buildings will see the most changes, and examines the new challenges that architects and builders will be faced with in adapting to the post-pandemic life.
To read more of Ted’s article, click here [3].