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toronto rental market News and Articles | My Blog

Average asking rent prices reach $2,193 in February, up 10.5% from 2023

3/12/2024 | Posted in Rental Market by Paul DeAdder

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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

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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

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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

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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

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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

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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.

... More


Average rental prices in Canada surge to records highs in October 2023: report

11/4/2023 | Posted in Rental Market by Paul DeAdder

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Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report.

... More


July sees unprecedented spike in average Canadian rental unit asking prices: report

8/12/2023 | Posted in Rental Market by Paul DeAdder

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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

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Province holding rent increase guideline at 2.5 per cent in 2024

... More


"There's a real crushing effect": Number of renters in Ontario rising alongside costs, housing index says

6/21/2023 | Posted in Rental Market by Paul DeAdder

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The number of people renting in Ontario is going up, and so are rental prices, putting more pressure on an already precarious housing system.

... More


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.

... More


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.

... More


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.

... More


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.

... More


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.

... More


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.

... More


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.

... More


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.

... More


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.

... More


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.

... More


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.

... More


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.

... More


Why 2019 could be one of Toronto renters' toughest years yet

12/28/2018 | Posted in Canadian Housing Market Predictions by Paul DeAdder

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If you’re looking to rent in Toronto, 2019 is poised to be a challenging year.

... More


Toronto rents up 11% in 2019

12/18/2018 | Posted in Rental Market by Paul DeAdder

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Canadian landlords will be increasing rents in 2019 as strong demand for rental housing continues amid high home prices and tighter mortgage lending rules.

... More


Rental vacancy rate dips to 2.4% across Canada, CMHC says

11/28/2018 | Posted in Rental Market by Paul DeAdder

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Canada added 37,000 apartments this year, but demand rose by even more to 50,000 units.

... More


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