I wish I could say “What a difference a year makes!”
Unfortunately, we are still hampered by the Pandemic and just through the third wave. Finally, the vaccine rollout has been gaining speed in Waterloo Region, so hope is in the air.
We are witnessing an incredible increase in the residential and industrial real estate markets. Prices have increased 30% + in both markets since last year.
We are happy to say there is finally optimism in the office market. It’s tricky because only a few companies are back to occupying their offices. However, most companies have continued to hire employees. As plans are being made to return to the office, many companies are trying to understand their physical space needs. Office decisions will follow.
Summer is upon us, so let’s all enjoy the great outdoors! Stay safe, and let’s hope we will be back to the office and our kids back in their classrooms this Fall.