Rich Torontonians Eyeing An Exodus From City After Pandemic: Agency

Article Link: https://www.huffingtonpost.ca/entry/toronto-real-estate-pandemic_ca_5ece8c2cc5b68bd699260325

Discussion posted by: David McNamara

As the coronavirus pandemic spread across the world earlier this year, news reports emerged that many rich people were fleeing dense cities for the perceived safety of suburbia or the countryside. Now, some observers say that trend could become permanent. In Toronto, the centre of Canada’s second-worst COVID-19 outbreak, the wealthy are turning their attention to the Muskoka region, the cottage country north of the city, said Max Hahne, a Collingwood, Ont.-based real estate agent at high-end agency Engel & Volkers. And it’s not out of some sudden interest in weekend getaways ― these people are looking to resettle permanently, Hahne says.