This advertisement has not loaded yet, but your article continues below.Conrad Rygier, a Toronto real estate broker with Right At Home Realty, said in the past month he’s seen overbidding for rental properties “at least 90 per cent of the time.”Conrad Rygier, a Toronto real estate broker
“What I’ve seen in 14 years of doing this, these last couple of months have been the worst, craziest to represent a renter,” said the broker, who works with both renters and landlords. “It’s been great for landlords, horrible for renters.”Article content “Landlords are being super, super picky on who they accept because it’s a landlord’s market,” he said, adding that he’s represented “excellent tenants” who were rejected because the landlord was looking for “something else.”
than they would have a year ago. The TRREB report found that rent for bachelor apartments now averages $1,829, up from $1,462 a year ago, while one-bedroom apartments average $2,269, up from $1,887. This rate of increase surpassed the previous peak in the third quarter of 2019.Article content