It’s been just over three months since the province of Ontario declared a State of Emergency in response to the COVID-19 pandemic. And while this time may have felt never-ending for many, things are starting to return to ‘normal’, especially now that the majority of the province has begun Stage 2 of reopening the economy. In this time, we’ve seen millions of Canadians lose their jobs, businesses close, and major real estate markets take a hit, with sales activity down across the country – though market conditions have stayed relatively similar to those in 2019. As the daily COVID-19 case numbers continue to decline and more restrictions are lifted, Altus Group has released its latest Housing Report, which provides a better picture of the pandemic’s effect on both the Canadian and Greater Toronto Area (GTA) housing markets. The survey was conducted in early April when Canadians were starting to adapt to emergency orders and work‐at‐home arrangements
