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More interest in suburbs with increase in working from home: realtor

FILE - A real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan.3, 2017. Home sales in Metro Vancouver are bouncing back after a dismal February, but the Real Estate Board of Greater Vancouver says transactions are still almost 31 per cent below the March 2016 record. THE CANADIAN PRESS/Jonathan Hayward
Summary

There's increasing interest in living in the suburbs due to COVID-19

Working from home is now a long-term option for many workers

Some people are not willing to pay a premium to live in the urban core, realtor says

VANCOUVER (NEWS 1130) — There’s increasing interest in living in the suburbs due to COVID-19, according to one realty firm.

Doing so was becoming a trend even before the virus, says Elton Ash, with RE/MAX Western Canada.

But with working from home now a long-term option for many workers, he adds, the suburbs are becoming even more appealing.

He points out some people are not willing to pay a premium to live in the urban core if it has no implication for their daily commute.

“At this point in time, we are certainly starting to see some increased queries and searches when we look at our website traffic as people search for homes at more suburban type of opportunities,” he said.

Even with his own office, Ash says the situation has opened his eyes to his staff’s ability to work efficiently from home.