Toronto condo rents soar nearly 11% amid tight supply

Thursday Apr 12th, 2018

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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]

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