Wow what a difference a year makes! The May stats for the local real estate market continue to show substantial rebounds in both unit sales and sales price from a year ago during the initial months of lockdown. Canadians continue to invest in real estate in record breaking numbers. This can be accredited to:

1. Continued pent up demand from last year
2. Spending more time at home has enticed them to move up or improve
3. Working from home during the pandemic requires more space
4. Desire for more outdoor space and getting away from higher density areas in the city
5. Super low interest rates and borrowing costs
6. Extra savings due to lack of travel and spending during pandemic