TORONTO -- The ongoing COVID-19 pandemic is driving a shift in home buyer motivation, resulting in a surge of interest in rural and cottage real estate, according to experts.
“The pandemic has created additional motivation for people living in pricier and more population dense areas to perhaps move further away from the hustle and bustle because they’ve been given permission to spend less time commuting and more time with family by working from home.” Realtors in the region have reported record sales, with 278 cottage properties sold in the last month -- a 73 per cent increase year-over-year -- and a significant increase in interest from city dwellers who are ready to trade in the city for rural living.
And, as more employers embrace the long-term shift to remote work, Eccleston says we can expect to see more city dwellers making moves.
The curse of residential real-estate.
Next year, the selloff
We had only 1 cottage available for sale on our lake and I don’t even think it made it to MLS before it was sold.
I think this is a blip.
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