Prices are rising in Toronto’s rental market again — and so is the competition

  • 📰 TorontoStar
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 55%

United States News News

United States United States Latest News,United States United States Headlines

“Even super qualified applicants are having a hard time, because you have other super qualified applicants going head-to-head with you.' Prices are rising in Toronto’s rental market again and so is the competition

Em Dial filled out application after application during her recent search for a rental home.

“Even super qualified applicants are having a hard time, because you have other super qualified applicants going head-to-head with you,” Cowans said. Looking at Toronto properties listed on rentals.ca in April, the site found the average price of a one-bedroom was $2,065 — up 12.96 per cent from the same month last year.

Dial, who was leaving her last rental due to a breakup, zeroed in on Junction Triangle, which was close enough to downtown, but also had bus access to her work in Downsview Park. Eventually, she caught a break with a one-bedroom basement space within her budget. The landlord seemed kind, Dial said, and they seemed interested in turning over the unit quickly, so there weren’t many showings.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 60. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They can pitch a tent in the park...oh no that's illegal. Shelter? Nope they're all full.

geordiedent This is awful discourse. “Super qualified applicants”. Everyone deserves a home. Imagine expecting a person with a broken arm to pass a test so they can go to the emergency department.

I offered my landlord $200 extra on top of the monthly rent that they were asking.

super qualified applicants... grotesque

Public housing.

“ super qualified applicants' We aren't talking medical school here, we are talking about finding a place to live!

As the city get more and more populated and inflation keeps moving forward, it brings new standards. For anyone in an apt for the past 5 years, that apt has almost doubled the priced and there is no protection of you going homeless.

Have fun overpaying for that shoes box in Liberty village. 🤦🏾‍♂️

It's hard too for even the super duper qualified applicants

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

National Bank predicts drop in housing prices but there’s a silver lining for equity investors. Plus, Rosenberg on when to buy stocks and analysts slash TSX targetsA roundup of investment ideas for active investors Housing should be as a home, not for speculation by wealth parasites.
Source: globeandmail - 🏆 5. / 92 Read more »