condo rental News and Articles | My Blog
Condo vacancy rates hit new low: Developers pivot to bigger units
11/11/2024 | Posted in Real Estate News by Paul DeAdder
Canada’s rental market has hit a critical low in vacancy levels, but developers are struggling to keep pace with the growing demand for new housing.
... MoreRent hits another record high in January as average asking price reaches $2,196
2/15/2024 | Posted in Rental Market by Paul DeAdder
The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening ... More
TRREB Releases 2023 Q4 Rental Market Statistics
1/31/2024 | Posted in Rental Market by Paul DeAdder
Condominium apartment leasing activity continued to be strong in the fourth quarter of 2023 according to the latest data released by TRREB. The number of lease transactions ... More
Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC
1/31/2024 | Posted in Rental Market by Paul DeAdder
Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing ... More
Canadian rent prices hit a record high in June
7/17/2023 | Posted in Rental Market by Paul DeAdder
Average rent prices hit a record high in June, driven higher by strong population growth and continued demand outpacing new supply.
... MoreRents eased in Toronto, Vancouver last month but others are rising
2/18/2020 | Posted in Rental Market by Paul DeAdder
Canadian renters are facing larger monthly payments in many markets according to a new report.
... More2/13/2020 | Posted in Rental Market by Paul DeAdder
The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001.
... MoreTREB Releases Rental Market Figures as Reported by GTA Realtors
10/3/2019 | Posted in Rental Market by Paul DeAdder
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 10,800 condominium apartment rentals through TREB’s ... More
Investment in Toronto residential property remains a winning prospect
9/17/2019 | Posted in Toronto Real Estate by Paul DeAdder
Amid newfound momentum due to an upward trend in detached home sales, Toronto remains probably the best real estate investment destination in Canada, according to RE/MAX.
... MoreGTA market fundamentals to remain robust going forward
8/17/2019 | Posted in GTA Real Estate by Paul DeAdder
Exceptional job growth in the Greater Toronto Area, along with consistently high immigration, has spurred strong rental demand through the first half of 2019.
... MoreGTA condo apartment sales up 3.2% in the second quarter
7/29/2019 | Posted in GTA Real Estate by Paul DeAdder
The market for condo apartments remained strong in the Greater Toronto Area in the second quarter.
... MoreToronto condo apartment rentals up 15% in June
7/5/2019 | Posted in Rental Market by Paul DeAdder
The strength of the economy and labour market in the Greater Toronto Area is boosting rental activity.
... MoreDemand, rates rise for Canadian apartments
6/28/2019 | Posted in Rental Market by Paul DeAdder
The average monthly rental rate in Canada increased by four per cent in May following two months of declines, but demand for apartments is expected to remain strong according ... More
Toronto's apartment market remains tight, prices climbing
4/25/2019 | Posted in Toronto Real Estate by Paul DeAdder
The condo apartment market in the Greater Toronto Area remains tight with prices facing upward pressure.
... MoreToronto tech sector slated for more growth
2/6/2019 | Posted in Toronto News by Paul DeAdder
The Greater Toronto Area’s tech sector, the fastest growing in North America, expected to attract young professionals in greater numbers this year.
... MoreGTA condo sales down 10% in Q4, rents surged says TREB
1/30/2019 | Posted in GTA Real Estate by Paul DeAdder
Condo apartment sales in the Greater Toronto Area fell in the fourth quarter of 2018 and renters were put under greater pressure.
... MoreGTA condos saw record-breaking rent rises in 2018
1/14/2019 | Posted in GTA Real Estate by Paul DeAdder
Condo apartment owners in the GTA saw higher returns on their investments in 2018 with rents setting a new record.
... More12/18/2018 | Posted in Rental Market by Paul DeAdder
Canadian landlords will be increasing rents in 2019 as strong demand for rental housing continues amid high home prices and tighter mortgage lending rules.
... MoreRental vacancy rate dips to 2.4% across Canada, CMHC says
11/28/2018 | Posted in Rental Market by Paul DeAdder
Canada added 37,000 apartments this year, but demand rose by even more to 50,000 units.
... MoreOntario scraps rent control for new units
11/20/2018 | Posted in Ontario Real Estate by Paul DeAdder
Starting immediately, rent control rules will no longer apply to buildings and flats being rented for the first time, the Progressive Conservative government announced ... More
Long-term demand for Toronto's rental market
11/16/2018 | Posted in Rental Market by Paul DeAdder
Immensely positive prospects for employment will fuel prolonged demand for rental residences in Toronto, according to a new analysis by Marcus & Millichap.
... MoreCondo affordability propels market share (and price) to peak levels in the GTA in 2018
11/14/2018 | Posted in GTA Real Estate by Paul DeAdder
Condo affordability is fuelling the rise of vertical growth, with resale condominium apartments and townhomes in the Greater Toronto Area (GTA) now representing almost 37 per ... More
Toronto Condo Rents Hit a New Record
10/11/2018 | Posted in Toronto Real Estate by Paul DeAdder
Toronto condo rents jump 7.6% to $2,385 per month in third quarter.
... MoreCanadian Rental Rates Soar In Half Of Largest Cities
8/31/2018 | Posted in Canadian Housing Market by Paul DeAdder
Toronto is still the nation's priciest rental market, while rental rates are soaring in half of Canada's largest cities. The year-over-year numbers paint an even ... More
Strong returns for condo investors in tight GTA market
7/13/2018 | Posted in GTA Real Estate by Paul DeAdder
Condo investors in the Greater Toronto Area are seeing strong gains in rents according to a new report.
... MoreRental Rates Soar By Double Digits In Half Of Canada's Largest Cities
5/17/2018 | Posted in Rental Market by Paul DeAdder
The cost of renting an apartment is climbing rapidly in many of Canada's largest cities, led by Toronto and nearby places, new data shows.
... MoreToronto's monthly rents saw a sharp upward spike in Q1
4/15/2018 | Posted in Toronto Real Estate by Paul DeAdder
Average monthly rents in Canada’s biggest city surged 10.7% year-over-year in Q1 2018 to $2,206, according to a new report from Urbanation Inc.
... MoreToronto report highlights soaring apartment rents
2/10/2018 | Posted in Rental Market by Paul DeAdder
A new city report released on Friday says purpose-built apartment rent increases in 2017 soared to a 15-year high while vacancy rates sank to their lowest level in 16 ... More
Suburbs becoming attractive again for renters
1/17/2018 | Posted in GTA Real Estate by Paul DeAdder
Suburban allure has largely become a thing of the past, but in the Greater Toronto Area - where the cost of housing grows astronomically by the month - the outskirts are ... More
GTA condo rental prices soar as demand outweighs supply
1/14/2018 | Posted in GTA Real Estate by Paul DeAdder
The construction cranes seem to be everywhere you look in downtown Toronto, but finding a condo to call home is becoming increasingly more difficult, and costly, for a legion ... More
