The COVID-19 pandemic brought much of the Woodstock’s region economy to a brief standstill in March.
While the province has gradually reopened aspects of that economy, real estate in the Oxford County area has been one of the least affected by COVID-19.
Lesley Michie, the president of the Woodstock-Ingersoll District Real Estate Board, said home sales have continued to be relatively high as people from the Greater Toronto Area head southwest on Highway 401 for a new home.
“Our market is set by the GTA. We get a lot of people from Brampton and Milton because of our prices,” she said. “They seem very high to locals, but they’re a bargain for someone selling their home in the GTA. Surprisingly, they don’t even mind the long commute.”
Michie said home sales aren’t taking place at quite the same level as they were before the pandemic was declared, but they’re reasonable – and continuing to rebound.