Toronto Real Estate Expectations For 2021
Tuesday Dec 29th, 2020
Toronto saw an incredibly active real estate market in 2020, fueled almost exclusively by local demand. Border closures and limited international mobility-focused our market almost entirely on domestic activity, and surprisingly to some, our luxury sector saw its most active year on record with many landmark transactions. As a growing global city, Toronto has attracted increasing international interest.
With the easing of travel restrictions in 2021, Toronto will see a very robust real estate market with the added demand from prospective buyers around the world looking for a safe haven with a stable government, a strong economy, a diverse population, premier colleges and universities, a large concentration of corporate head offices, and a high level of personal security.