Tiny Houses On The East Coast Are The Latest Canadian Real Estate Trend For 2020
Everybody wants to go tiny.
Have you been thinking of getting away this year? Living simply in a little house? If so, you're not alone. Tiny homes in Canada are the latest real estate trend for this year out on the east coast and people are looking to buy. Searches for the cute and compact living spaces there have increased so much compared to 2019.
Trends data provider SEMrush shared with Narcity its info on all the ways that the Canadian real estate market has changed over the last six to 12 months.
Based on online searches, SEMrush said that Canadians are increasingly looking for all different kinds of housing but one type really stands out even though it's not big.
In Atlantic Canada, the searches forfor sale have skyrocketed when compared to last year.
According to the data, people in Nova Scotia looked up "tiny homes for sale" so much that there was a 733% increase in interest from January to April 2020 compared to January to April 2019.
There was a 467% increase in New Brunswick and a 200% one in P.E.I. during that same time.
So, people out east must really want to downsize and start living tiny!
Across Canada, the average searches for "" has increased by 55% since January of this year.
That's only a few percent lower than searches for full-sized houses for sale which came in at 58%.
"The real estate market in Canada—and globally—is constantly shifting," said Eugene Levin, chief strategy officer for SEMrush.
While tiny homes are trendy out east, cottages reign supreme when it comes to Canada-wide trends this year.
Searches for cottages that are for sale across the country increased by 200% since January 2020.
Meanwhile, there was only a 14% increase for apartments and an 8% increase for condos.
At the beginning of the COVID-19 pandemic, Canadians were told toto prevent spreading the virus and straining health systems in smaller communities.