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‘Space is the new luxury’: Could the coronavirus prompt an urban exodus in Ontario?

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globalnews.ca

As Ontario’s economy slowly begins to reopen and the novel coronavirus pandemic rages on, one real estate brokerage says it’s seeing an uptick in Toronto buyers interested in purchasing property outside the city.

In fact, the brokerage says it’s busier than it was before COVID-19. “Space is the new luxury,” said Max Hahne, broker of record and licensed partner of Engel and Völkers Collingwood Muskoka and Bruce Peninsula. “Collingwood is becoming very, very popular now… (Clients) tell us it’s because they want to have some space around them, and they’re blaming it on the pandemic.” Much of Hahne’s clientele is purchasing pricey properties.

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