Quote:
Originally Posted by swimmer_spe
We are entering an era of working from home. For that, all you need is a good internet connection. Those $200k condos in the GTA will soon become empty as people move to smaller cities and towns and spend the same money on nice single family homes. There was the push to move to the cities, but that likely is a dead idea now. It will take some time to see it, but, I'll bet that the condo market will see a drop in starts.
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Some real fantasy thinking.....
1) Condos cost way more than $200k in the GTA.
2) There's very few WFH policies that say you can live anywhere. Most will have some attendance commitment after Covid.
3) Plenty of options in suburban Toronto or the extended commuter range of Toronto. Like London or Barrie or even Bowmanville.
4) Most people value their community networks more than land. You won't find people moving to North Bay for an acre lot anytime soon.
People have been predicting the demise of Toronto since Confederation. It's hilarious to see that every generation there's a lot who hasn't learned and repeats those predictions.