Condo rents reach record high in Toronto despite weakening housing market

South Africa News News

Condo rents reach record high in Toronto despite weakening housing market
South Africa South Africa Latest News,South Africa South Africa Headlines

The Toronto Region Real Estate Board says that the average rent charged for one-bedroom and two-bedroom condominiums has reached a record high.

  • 📰 CTVToronto
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 84%

The rental market, however, is showing no signs of slowing down.

The latest data from TRREB suggests that rental listings were down 30 per cent year-over-year in the second quarter, resulting in a significant increase in competition for some units.The vacancy rate for condominium apartments in the GTA also remains extraordinarily low. In Toronto about 1.9 per cent of apartments are vacant while the vacancy rate in other GTA communities ranges from 0.3 to 0.9 per cent.

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:

CTVToronto /  🏆 9. in ZA
 

Increased mortgage rates, condo fees and taxes. nobrainer

Lol thanks for stating the obvious, tell us the plan to fix it!

oh, we know!

South Africa South Africa Latest News, South Africa South Africa Headlines



Render Time: 2025-01-13 00:01:03