Toronto condo rents soar nearly 11% amid tight supply

Thursday Apr 12th, 2018


TORONTO CONDO RENTS SOAR NEARLY 11% AMID TIGHT SUPPLY Nicole Gibillini, BNN Image courtesty of: iStock Photo Toronto condo renters are facing sticker shock amid a supply crunch as new mortgage rules have been pushing more prospective homebuyers into the condo market. The average monthly rent for a Toronto condo surged 10.7% year over year to $2,206 in the first quarter of 2018, according to a report by real estate consulting firm Urbanation. The report said renters have moved... [read more]


All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, proper sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own qualified advisor, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. Each Engel & Völkers brokerage is independently owned and operated. Any use of the term "advisor" or "agent" shall be replaced with the term "Sales Associate" where required by local law. Engel & Völkers® and the Engel & Völkers Logo are registered service marks owned by Engel & Völkers Marken GmbH & Co. KG.


Real Estate Websites by Web4Realty