toronto rental market News and Articles | My Blog
Condo rents in Toronto region dip for first time in 3 years: Urbanation
7/31/2024 | Posted in Rental Market by Paul DeAdder
A new report says condo rents in Canada's mostly densely populated region have dipped for the first time in three years.
... MoreAverage Canadian rent hits an all-time high of $2,202
6/8/2024 | Posted in Rental Market by Paul DeAdder
Average rents across Canada are now up 32% from their pandemic lows.
... MoreApril asking rent prices up 9.3% across Canada; as Ontario sees only decline: report
5/10/2024 | Posted in Rental Market by Paul DeAdder
The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first ... More
Average asking rent prices reach $2,193 in February, up 10.5% from 2023
3/12/2024 | Posted in Rental Market by Paul DeAdder
A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year-over-year and the fastest annual ... 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
Asking rents jump 8.6% in December to hit record $2,178 on average: report
1/16/2024 | Posted in Rental Market by Paul DeAdder
A new report says the average asking price in December for a rental unit in Canada was a record $2,178 per month, relatively flat from the previous month but marked an 8.6 per ... More
Renting in Canada - what's happening to rates?
12/12/2023 | Posted in Rental Market by Paul DeAdder
The annual asking rent for all residential property types in Canada saw an increase year-over-year in November and held close to the record high in October, according to the ... More
Rent prices are up $175 in the past six months and have pushed rent inflation to a 30-year high
11/14/2023 | Posted in Rental Market by Paul DeAdder
The average asking rent in Canada has increased by about $175 over the past six months, and is now nearly 10% higher compared to a year ago.
... MoreAverage rental prices in Canada surge to records highs in October 2023: report
11/4/2023 | Posted in Rental Market by Paul DeAdder
Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report.
... MoreJuly sees unprecedented spike in average Canadian rental unit asking prices: report
8/12/2023 | Posted in Rental Market by Paul DeAdder
Amidst continued interest rate hikes and economic challenges, the average asking price for a rental unit in Canada reached another new record of $2,078 in July, according to a ... More
Ontario Capping Rent Increases Below the Rate of Inflation
7/1/2023 | Posted in Ontario Real Estate by Paul DeAdder
Province holding rent increase guideline at 2.5 per cent in 2024
... More6/21/2023 | Posted in Rental Market by Paul DeAdder
The number of people renting in Ontario is going up, and so are rental prices, putting more pressure on an already precarious housing system.
... 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.
... MoreToronto poised to lead growth in rents
1/9/2020 | Posted in Rental Market by Paul DeAdder
Average rents in Canada are expected grow by 3% this year, while Toronto will see a stronger 7% increase in rents.
... MoreToronto to move forward with regulation of short-term rentals
11/25/2019 | Posted in Toronto Real Estate by Paul DeAdder
Plans to regulate the short-term rentals market in Toronto will go ahead following the dismissal of an appeal.
... MoreToronto's rent rate growth has markedly decelerated during Q3 2019
10/21/2019 | Posted in Toronto Real Estate by Paul DeAdder
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.
... 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
Toronto needs to double rental supply to meet future demand
9/26/2019 | Posted in Toronto Real Estate by Paul DeAdder
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.
... MoreInvestment 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.
... MoreToronto is still the number 1 Canadian migration city
7/9/2019 | Posted in Toronto News by Paul DeAdder
U-Haul’s annual migration trends report for 2018 shows more people are moving to Toronto.
... 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
GTA REALTORS® Release May 2019 Stats
6/5/2019 | Posted in GTA Real Estate by Paul DeAdder
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
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
The Greater Toronto Area’s tech sector, the fastest growing in North America, expected to attract young professionals in greater numbers this year.
... More5 Predictions For Toronto's Housing Market In 2019
1/24/2019 | Posted in Toronto Real Estate by Paul DeAdder
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
Those in the market for a Toronto home shouldn’t get too excited about the prospect of lower mortgage rates, says one economist.
... 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.
... More