March 29, 2024
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RYERSON UNIVERSITY
Shift in GTA's Real Estate Demand to the 905 Area from Toronto Started Before COVID-19

August 17, 2020

COVID-19 related concerns are encouraging some Toronto residents to consider moving to the 905 area and beyond. Some office space users are also considering relocating at least part of their operations to the 905 area in the form of satellite offices, both in an effort to reduce lengthy commutes for suburban employees who are now working more at home and to reduce office space costs.

The pandemic, however, only accelerated trends that were already underway. The real estate market indicators we reviewed show that the shift in the GTA resale and new housing sales to the 905 area, as well as in office space absorptions, started before COVID-19.

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For more information

Centre for Urban Research and Land Development
350 Victoria Street
Toronto Ontario
Canada M5B 2K3
www.torontomu.ca/centre-urban-research-land-development/


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