The 2020 Toronto housing market has been anything but ordinary. What was originally predicted to be a record breaking year for real estate turned into a year full of uncertainty due to COVID19.
Here’s a look at the how the Toronto real estate market changed this year as a result of the pandemic, and what we can expect moving forward.
Adjusting to COVID
Before the pandemic hit in mid-March, the Toronto housing market was on pace for its best year yet. But as the province shut down everything came to a halt, leaving many to wonder how the real estate market would adapt.
The Toronto Real Estate Board urged its members not to hold open houses. As a result, Realtors rapidly ramped up technology to allow virtual showings. People were…