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COVID-19 has home buyers seeking greener pastures in the countryside

New buying habits are being developed during this pandemic.
Newly released Nanos research for the Ontario Real Estate Association (OREA) suggests home buyers are more attracted to the space and lower-density populations outside the city since the beginning of pandemic.
Among those considering a home purchase in the next two years, 61 percent of online survey respondents agreed or somewhat agreed that COVID-19 has increased their interest in suburban or rural housing.
Only 34 per cent said they were more drawn to downtown living since the public health crisis hit.
Younger people showed slightly more interest in living in the suburbs with about 63 per cent of those 18 to 54 agreeing or somewhat agreeing, compared to about 58 per cent of those 55 and older.


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