Property News · January 16, 2018

Steep jump in Toronto rents sends apartment hunters to the suburbs


Go ahead, just try to rent an apartment in Toronto.
The feat is getting even harder, with supply tight and prices showing no sign of retreating. The vacancy rate in the fourth quarter was among the lowest ever, at 0.3 per cent, according to Urbanation Inc. The average monthly rent for a condominium rose by 9.1 per cent to C$2,166 (US$1,730) from a year earlier. 
That is the second-largest increase since 2010, when Urbanation began tracking the number, after a record year on…

Source : South China Morning Post
Read more…Steep jump in Toronto rents sends apartment hunters to the suburbs

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