While housing prices have been increasing over the years for Ontario homes, the COVID-19 pandemic has made them go through the roof, despite a small dip in prices in March through June 2020, said Hudak.ĭana Pearce, president-elect of the Rideau-St. Millennials are growing up and are ready to buy, and Mom and Dad are ready for them to get out of their house, and many people have lower mortgage rates, said Hudak.Īs many people have had to turn to working from home, it has given more people the opportunity to explore housing options outside the core urban areas, “which is also putting pressure on the housing prices in Leeds Grenville,” he added. Housing prices across Ontario, including in Leeds and Grenville, are rising for many reasons. Hudak, also a former leader of the Ontario Progressive Conservative Party, spoke at the 13th annual Leeds Grenville Economic Development Summit Friday morning.
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