Quote:
Originally Posted by fredinno
There are some people saying the virus will increase stay-at-home work enormously and thus kill hot RE zones. 
I think that's wishful thinking for most businesses, even tech, though.
There's the Langley and UBC extension for Skytrain, the George Massey Bridge, the extension of the HWY 1 HOV to Mt. Lehman...
Granted, it's not likely the recession will last as long as 2008. |
While demand across all categories is down, its proving more robust on the detached side. Likely we will see people moving more towards townhouses/detached as working from home pushes people to see their home as a place to spend the day rather than just sleep in.
You'd think working from home would increase movement away from downtown to the suburbs.
But we do have city plans stating where density should go, so I'm unsure if the city would allow this in significant amounts without changing the plan.