March 22, 2022
Realtors told the Star many of their clients who moved away are now seeking second properties or rentals downtown as they return to work.
Sun., March 20, 2022
In the early months of the pandemic, when Toronto’s financial district was eerily quiet and stores, venues, and restaurants shuttered – those who could work from home realized they didn’t have to stay.
They re-evaluated their living siutations, and looked to the suburbs or even small towns farther out, where entering the housing market might be more affordable.
But as some employers in the Toronto core are calling staff back to the office — at least a couple of days a week — some employees are regretting the big move away, several realtors told the Star, and are now trying to find a second place in the city.
“They’re people who bought in Whitby … they bought a house, but then they realize their job wants them to be in the office half the week,” said Nasma Ali, a Toronto broker and founder of One Group, a real estate agency.
She said she’s been approached by single people who bought homes outside the Toronto core and are now looking for rentals downtown as they’ve been called back to work.
“Instead of selling their house, they’re thinking they’re going to rent out their house, and rent downtown to be closer to the office,” said Ali.
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Featured photo by Maarten van den Heuvel on Unsplash