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.
Reference: https://cutt.ly/Ejw4DkX
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