GTA RENTAL PRICES SURGE WHILE RENTAL LISTINGS DROP DRAMATICALLY

Saturday Oct 30th, 2021

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Accelerating economic recovery from the pandemic has spurred renewed demand for rental accommodation in 2021. In the third quarter, there was a doubledigit increase in the number of condominium apartment rental transactions reported through the Toronto Regional Real Estate Board’s MLS® System. Over the same period, tightening market conditions resulted in an increase in average rents across all unit types. Greater Toronto Area REALTORS® reported 16,121 condominium apartment... [read more]

Toronto Rental Market Report

Friday Oct 19th, 2018

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The Toronto Real Estate Board announced that Greater Toronto Area REALTORS® continued to report robust average annual rent increases for condominium apartments during the third quarter 2018 compared to Q3 2017.  The overall number of lease transactions for condominium apartments was also up by 5.8 per cent year-over-year to 9,215 in Q3 2018. Sustained population growth and low unemployment continued to drive demand for condominium apartment rentals in the GTA in the third... [read more]

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