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toronto rental market News and Articles | My Blog

Average rent is nearly 12% higher compared to last year

11/22/2022 | Posted in Rental Market by Paul DeAdder

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Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October.

... More


Condo rents continue to surge in the GTA as increased borrowing costs leave some would-be buyers on the sidelines: TRREB

10/27/2022 | Posted in Rental Market by Paul DeAdder

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The cost of renting a one-bedroom condominium in Toronto is now up more than 20 per cent year-over-year, as higher borrowing costs leave some would-be buyers on the ... More


GTA Rental Construction Stalls in Q3 While Rents Soar

10/21/2022 | Posted in Rental Market by Paul DeAdder

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The rental market became so unbalanced during the third quarter that units were on the market for a record low average of 10 days

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Rental apartment construction slumps in Toronto as building costs rise

10/19/2022 | Posted in Rental Market by Paul DeAdder

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Rental apartment construction dropped sharply in Toronto in the first half of the year, according to a new government report that suggests it has become “less and less ... More


Toronto rent rates likely to continue soaring, brokers say

10/12/2022 | Posted in Toronto News by Paul DeAdder

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The market has seen its rent rates increase by around 20% annually

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Renting is growing twice as fast as home ownership, census reveals

9/22/2022 | Posted in Canadian Housing Market by Paul DeAdder

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10 million households own their home, while 5 million rent. But the gap is narrowing.

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Canadian rent prices reach a three-year high, up 17% from pandemic lows

9/20/2022 | Posted in Rental Market by Paul DeAdder

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Having been on an upward trend since early last year, average rent prices have now eclipsed pre-pandemic levels.

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The region is seeing rapidly intensifying competition, industry board says

7/29/2022 | Posted in GTA Real Estate by Paul DeAdder

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The Greater Toronto Area’s average rent has reached a new high in Q2 amid intensified competition, according to the region’s real estate industry association.

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Rent prices in Toronto rose by 'fastest pace on record' in Q2: report

7/19/2022 | Posted in Rental Market by Paul DeAdder

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GTA rent prices rose by “the fastest pace on record” in the second quarter of this year with the average one-bedroom unit being leased out for nearly $2,200 a ... More


Ontario increases amount landlords can raise rent by highest level in a decade

6/30/2022 | Posted in Ontario News by Paul DeAdder

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Ontario is more than doubling the maximum rate a landlord can raise a tenant's rent next year – marking the highest rent increase guideline in the province in a ... More


These are the most expensive Canadian cities to rent a home

6/22/2022 | Posted in Rental Market by Paul DeAdder

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The Canadian housing market continues to witness a dramatic climb in rental prices according to a report from rental listing platform Zumper published last Wednesday.

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GTA apartment, condo rental prices on the rise: Report

6/1/2022 | Posted in Rental Market by Paul DeAdder

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A new report says the average monthly GTA rent increased 12% for all property types this April to $2,204 from $1,974 in April 2021.

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Rents eased in Toronto, Vancouver last month but others are rising

2/18/2020 | Posted in Rental Market by Paul DeAdder

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Canadian renters are facing larger monthly payments in many markets according to a new report.

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Toronto poised to lead growth in rents

1/9/2020 | Posted in Rental Market by Paul DeAdder

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Average rents in Canada are expected grow by 3% this year, while Toronto will see a stronger 7% increase in rents.

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Toronto to move forward with regulation of short-term rentals

11/25/2019 | Posted in Toronto Real Estate by Paul DeAdder

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Plans to regulate the short-term rentals market in Toronto will go ahead following the dismissal of an appeal.

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Toronto's rent rate growth has markedly decelerated during Q3 2019

10/21/2019 | Posted in Toronto Real Estate by Paul DeAdder

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At present, Toronto is far more hospitable to renters than buyers, with the average surveyed rent for recently leased units increasing at the slowest rate in two years.

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TREB Releases Rental Market Figures as Reported by GTA Realtors

10/3/2019 | Posted in Rental Market by Paul DeAdder

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Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 10,800 condominium apartment rentals through TREB’s ... More


Toronto needs to double rental supply to meet future demand

9/26/2019 | Posted in Toronto Real Estate by Paul DeAdder

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A new report from RBC Economics focuses on the rental housing deficit which is set to intensify in the coming years, especially in Toronto and Vancouver.

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Investment in Toronto residential property remains a winning prospect

9/17/2019 | Posted in Toronto Real Estate by Paul DeAdder

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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.

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GTA market fundamentals to remain robust going forward

8/17/2019 | Posted in GTA Real Estate by Paul DeAdder

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Exceptional job growth in the Greater Toronto Area, along with consistently high immigration, has spurred strong rental demand through the first half of 2019.

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Toronto is still the number 1 Canadian migration city

7/9/2019 | Posted in Toronto News by Paul DeAdder

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U-Haul’s annual migration trends report for 2018 shows more people are moving to Toronto.

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Toronto condo apartment rentals up 15% in June

7/5/2019 | Posted in Rental Market by Paul DeAdder

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The strength of the economy and labour market in the Greater Toronto Area is boosting rental activity.

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Demand, rates rise for Canadian apartments

6/28/2019 | Posted in Rental Market by Paul DeAdder

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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


GTA REALTORS® Release May 2019 Stats

6/5/2019 | Posted in GTA Real Estate by Paul DeAdder

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TREB President Garry Bhaura announced that GTA REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.1 While this result represented a ... More


Toronto is U.S. and Canada's fastest-growing city, and that's not good

6/2/2019 | Posted in Toronto Real Estate by Paul DeAdder

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Torontonians could find themselves “doubling up” on housing with friends or relatives in the coming years as the city’s breakneck population growth outstrips ... More


Toronto tech sector slated for more growth

2/6/2019 | Posted in Toronto News by Paul DeAdder

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The Greater Toronto Area’s tech sector, the fastest growing in North America, expected to attract young professionals in greater numbers this year.

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5 Predictions For Toronto's Housing Market In 2019

1/24/2019 | Posted in Toronto Real Estate by Paul DeAdder

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We are almost a month into 2019, and it feels like the Toronto real estate market is getting a fresh start. As we enter a more balanced market, the discussion will slowly shift ... More


Lower mortgage rates won't do much for Toronto homebuyers

1/22/2019 | Posted in Mortgages and Real Estate by Paul DeAdder

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Those in the market for a Toronto home shouldn’t get too excited about the prospect of lower mortgage rates, says one economist.

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GTA condos saw record-breaking rent rises in 2018

1/14/2019 | Posted in GTA Real Estate by Paul DeAdder

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Condo apartment owners in the GTA saw higher returns on their investments in 2018 with rents setting a new record.

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