BRIAN'S BLOG

Wave of new Toronto condos keeps rents in check

April 15, 2015

Here’s an interesting piece from the Star on the state of Toronto’s condo rental market, based on a report from condo research firm Urbanation.

Among the highlights:

The vacancy rate in Toronto’s core is at a low of 1.1%, despite the number of leases signed in the first quarter of 2015
Rents are down in three Toronto submarkets, including CityPlace
Conversely, rents are up in three Toronto submarkets
Fourteen new purpose-build rental towers are under construction and expected to be completed next year

Anyone who’s interested in a snapshot of the Toronto rental market or considering an investment property should take a look!

Click here for the article