05-29-2020, 03:02 PM
(05-29-2020, 01:39 PM)tomh009 Wrote: I have yet to see any project cancellations. The only ones that have been halted recently are Drewlo (they stopped everything) and 335 King St W; I fully expect them to resume.
The vast majority of the DTK projects are residential, which is likely not going to be significantly impacted by people working from home.
I think the assumption/fear is that when companies start doing more work from home, then people won't have to move to the region in order to work for a company in the region.
I do think this fear is unfounded however, because while we are all work from home 100% now, most companies do a flex environment, where you WFH some days, and not others, which means you still end up being in the office a few times a month at least, even coming from Toronto, that's barely feasible, so I suspect most people will still locate here.
That being said, I suppose it is possible that some companies see the price of their office space, and decide to go fully remote, with no office space, and then it really doesn't matter where one lives, and that could affect realestate, (of course, it would also seriously affect commercial realestate as well). But I don't think this is likely.