This month we saw the apparent effects of COVID-19 - spooking folks out of buying in the big city. The biggest price gains were seen in villages like Woodstock-Ingersoll, up-and-coming towns like Barrie, and cottage country, while prices climbed more minimally in major metropolitan areas like Toronto and Vancouver.
With Toronto's eternal imbalance of low housing supply and omnipresent buyer demand - bidding wars - which tend to appear during the seasonal cycles of real estate when conditions are particularly ripe, have re-emerged with a vengeance this spring. The result? Soaring values and precedent-setting prices which are skewing Canadian Real Estate statistics.