"Home Sweet Home" & Covid 19
During the pandemic, Canadians' homes became offices, movie theatres, classrooms, gyms, and "staycation" destinations. As Canadians spent more time at home out of necessity, renovations, additions, moves, and upgrades soared.
According to a recent survey conducted by the Royal Bank of Canada, 40 percent of respondents renovated their property or intended to during the pandemic. And 30 percent intended to purchase significant items for their home
Here is how we have reinvented our houses in Edmonton indoors & outdoors:
Home offices became essential workspaces and online schools. Backyard sheds, spare bedrooms, and attics were remodeled into home offices and schoolrooms. Garages and basements were converted to home gyms. Gardening became a new trending hobby for many Edmontonians and RV became a hot item for nearby camping.
The demand for new homes with potential basement suites and side entrances skyrocketed. Houses with triple garages and acreages within a half-hour of our city also became hot items with the trend still continuing. Another increase in Edmonton home sales is near our river valleys in the Riverbend, Terwillegar, and Riverview districts.
Condominium owners fell short to make a profit in this pandemic in Edmonton and unless your condo was priced to sell, it sat on the market for a long period of time. Many Edmonton condo owners chose to rent out their units and take advantage of the low-interest rates to purchase a single-family detached house with still acquiring some residual income.