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]

'OWN-USE' EVICTIONS ON THE RISE IN TORONTO Shane Dingman & Tom Cardoso, Globe & Mail Image courtesty of: Google.ca More Ontario renters are being served with eviction notices that suggest the landlord intends to occupy the unit for his or her own use - and the trend is accelerating, according to new data obtained by The Globe and Mail.  Data provided by the Social Justice Tribunals (SJTO) show the number of eviction applications that include an N12 notice -... [read more]

THE TOP 5 NEIGHBOURHOODS FOR CHEAP RENT IN TORONTO Derek Flack, blogTO Image courtesty of: Julia Nathanson Cheap rent in Toronto is a relative term. Where once $1,000 could secure you a nice, above-ground one bedroom apartment, now you'll find plenty of basement bachelors listed above this benchmark. There are, however, some neighbourhoods that offer more bang for your buck than you'll find elsewhere. Here are five Toronto neighbourhoods with lots of amenities, good... [read more]

TORONTO CONDO JUST SIGNED A HISTORICAL AGREEMENT WITH AIRBNB Michael Ott, blogTO Image courtesty of: Rogers Digital Media Big changes may be coming for AirBnB hosts in Toronto.  The home-sharing app company has just signed a deal with a Toronto building that could change the way the service operates in condos throughout the city. Neptune Waterpark Condos has signed onto AirBnB's Friendly Buildings Program. The agreement allows condo management staff to see... [read more]

LANEWAY HOUSING COMING TO TORONTO? Our leaders are looking at laneways to ease the city's housing crunch. So if you are a rat or a raccoon, better call the movers.  The idea, pushed by Davenport Councillor Ana Bailao, our official housing advocate, is to allow cosy abodes to be built on garages, parking pads and behind regular homes. This would transform back alleys into bustling residential zones. "Laneway suites have the potential to increase our housing supply in a... [read more]