In an email we sent out last year, we talked about how we expected GTA buyers to migrate to Waterloo Region (for more affordable housing) at an increased pace due to remote working.
Well, according to the data in this CTV article – it’s happening!
From July 2019 to July 2020, Toronto saw a record-breaking population decrease. In that same time period, KWC had the second-fastest growth rate in Canada at 2%!
From a real estate perspective, this trend will likely translate into higher demand for local homes. Higher demand, combined with limited supply, often results in price growth: what every investor wants!
If you have been thinking about investing in real estate, now is the right time to get up to speed, understand our market’s dynamics, and know your options.
Contact us below with any questions you have about investing or to set up a time to chat. We’re here to help.