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Suburbs boom, Toronto fizzles as world's major cities witness a pandemic exodus

from The Huffington Post

Suburbs boom, Toronto fizzles as world's major cities witness a pandemic exodus The Huffington Post For the past few years, you could hear the crickets chirp in the housing market in York Region, north of Toronto. Prices had come down after the province introduced a foreign buyers’ tax, and this time last year, the area was a “buyer’s market,” with relatively few sales. Today, amid a pandemic and a major economic slowdown, home sales there are almost back to pre-pandemic levels. And with fewer homes listed, the market has bounced back to “balanced” territory, real estate portal Zoocasa declared this week. READ MORE

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