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As the pandemic is changing the way people live, it has also prompted many people to reconsider where they live.
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A survey, commissioned by the Canadian digital moving concierge service MoveSnap, found that 10% of Canadian city dwellers plan to move to the suburbs.
He also revealed that while 25% of those polled said they had considered moving during the pandemic – whether in town or outside of an urban area – only 19% actually packed and made the switch.
“COVID-19 appears to have encouraged a quarter of Canadians surveyed to re-evaluate their homes, as the pandemic has forced many of us to work from home, adding additional pressure to an already intense real estate market,” Marina, CEO of MoveSnap. Avisar said in a statement.
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“But as a result, the fact that 75% do not plan to relocate because of the pandemic, and furthermore, only 10% of Canadians plan to move away from urban areas, indicates that cities will remain attractive and necessary for a very large segment. Canadians, â€Avisar said.
For Lian Kee Chua, Richmond Hill real estate agent of RE / MAX Hallmark Realty Ltd., interest from home hunters in the surrounding GTA has increased in the last three months.
However, he does not consider the real estate market to be more intense this fall due to buyers induced by the pandemic.
Fall generally tends to be the second busiest time for realtors after spring, Chua said. But due to the pandemic, this spring saw a drop in real estate transactions, while the summer – which is usually a slower time – saw a slight increase.
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A lower number of COVID-19 cases and the easing of lockdown restrictions over the summer months were key factors that helped to reverse the real estate trend, Chua said.
“However, the situation is so fluid that it’s really hard to say what will happen this fall as we talk about a second wave.”
Although the MoveSnap survey does not clarify whether those considering moving include tenants, Chua said he has had to deal with more clients who are renters looking to take advantage of the glut of rental units to move once. their lease expired.
Conducted on September 22, the MoveSnap survey of 500 Canadian residents, aged 18 to 65, has a 5% margin of error.
