Some of the sellers are planning to move out of Toronto, she says, pointing to homeowners with second properties in such Ontario destinations as Collingwood and Prince Edward County.
Many decide to list the house instead. Moving also allows them to acquire more space – which has become the greatest luxury of all when two parents are working at home or children are learning online instead of in the classroom. Some are worried that the second lockdown will inevitably bring mounting job losses and financial hardship for struggling commercial landlords. They also point to the high levels of government financial support and wonder what that will mean for fiscal policy in the years to come.
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