Professor, University of Toronto
Richard Florida
Professor, University of Toronto
Richard Florida is a leading urbanist and best-selling author, known for his work on the intersection of economy, society, and geography.
Global Business / Economy
Is Remote Work Permanently Reshaping Real Estate Markets — or Are We Just Watching a Correction That Was Always Going to Happen?Remote work has changed where people want to live—but whether it has permanently reshaped real estate remains debated. Some experts argue that flexible work has fundamentally altered housing demand by reducing the importance of living near city centers, while others see today's market as a cyclical correction driven by interest rates and pandemic-era conditions. Most agree that buyer preferences have evolved, making flexibility, home offices, and lifestyle considerations more influential than before.