Government workers' push for remote work could drive down urban housing premiums

During the pandemic Toronto\u0027s urban premium fell from 42% to just 8% as more people worked from home. Read more

long-term remote work

Do Brueckner and colleagues’ findings from the United States apply to Canada? A comparative analysis of suburban-urban housing price differences in the Greater Toronto Area suggests they do. Before the pandemic, housing prices in the city commanded a much larger premium relative to those in the suburbs. But during the pandemic, the urban premium was cut by more than half, partly because of the rapid increase in suburban housing values.Article content

A similar trend was observed for condominium apartments, which commanded an urban premium of 28 per cent in December 2019 and only 10 per cent in December 2021.

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Government workers' push for remote work could drive down urban housing premiumsDuring the pandemic Toronto\u0027s urban premium fell from 42% to just 8% as more people worked from home. Read more
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