When the global pandemic hit a year ago, working remotely became the new normal for many.
Instead of starting the day stuck in traffic, the new nine-to-five starts with video meetings with a cast of dogs, kids and bad hair in the background.
And while companies counted lower office space costs as one rationale to embrace the growing work-from-home culture, better work-life balance — especially for working moms — has been a life-changing benefit for employees.
It has also had a growing impact on Ontario’s real estate market.
Although the migration of people from cities — especially Toronto and particularly retirees — has been a trend for several years, the COVID-19 virus has given many working families pause for thought when it comes to commuting, traffic and city living.
House prices in communities like Hamilton and Barrie for example, have become red hot throughout the pandemic.
However, while COVID has also fuelled the migration of buyers from the downtown core to the suburbs and beyond, it’s also playing havoc with market supply.