4 THINGS REAL ESTATE INVESTORS NEED TO KNOW ABOUT THE TORONTO RENTAL MARKET
Sunday Nov 04th, 2018Share
Sustained population growth and low unemployment continued to drive demand for condominium apartment rentals in the GTA in the third quarter as illustrated in the graph displayed in my video. The Toronto core has experienced the largest growth in rental rates, whereas Markham has experienced the least growth. It’s worth noting that there have been very few rental apartments constructed versus condominiums within the past five years.
Rents for condo apartments are typically 30-40% higher than for ordinary rental apartments. Watch this video to learn other useful information including our current rent increase limits, vacancy rates and new eviction rules.