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Pandemic turns Toronto rental market upside down, hands power to tenants

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Landlords are lining up to sign Rees Nam and their partner as tenants, even though the two have already found an apartment in Toronto -- a far cry from when Nam was last on the hunt, two years ago.

Back then, it took a personal connection for Nam to secure a lease, but this time around they and their partner signed one a week after seeing the apartment, which is both bigger and cheaper than their current unit.

The economic uncertainty wrought by the COVID-19 pandemic has turned Toronto's rental market upside down, industry insiders said. The market has been flooded with rental units previously used as AirBnBs or occupied by people who have since moved in with parents or friends to save money, said Geordie Dent, executive director of the Federation of Metro Tenants' Associations.

The average condo rental price across the city dropped by six per cent over the previous year, the report said, as the number of condos leased declined by 25 per cent in the same period.

 

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Not true for Barrie - Simcoe Region!😞! renters Apartments Barrie

so why did you have to explicitly state they use gender neutral pro-nouns? Do you say ‘he uses male specific pronouns’ in your other articles?

Still more lies

Really? And who is going to pay for land taxes and repairs? All those newly empowered tenets. Or they will be living on the streets.

Let's hope this hits CityWindsorON next. Rent here is absolutely absurd

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COVID-19 pandemic turns Toronto rental market upside down, hands power to tenantsPower once wielded exclusively by landlords has been passed to their would-be tenants, giving renters the chance to negotiate lower prices – and bigger perks Good No actual human person I know has had this experience. I moved myself last month, and not one landlord I met acted as if the power had been shifted back into the hands of renters. Bachelors in Toronto are still $1350. One bedrooms $1600+ And the evidence of this claim?
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