COVID-19 pandemic hit that they finally did it.Pregnant with her second child and eager to find a larger home, Chen, a real estate agent, was initially hesitant to leave the couple’s Toronto residence as the housing market froze in March amid Ontario’s COVID-19 lockdown.But when Chen, who previously worked as a financial analyst, started analyzing market data from April and May, she says she realized activity was quickly picking up pace.
Pandemic housing boom means affordability is no longer just a big-city problem “We have to move now,” she thought.Before the lockdown, the real estate market had been off to a roaring start in January and February, Chen says, recalling a condo in Scarborough, just east of Toronto, that attracted around 20.