Toronto’s dropping condo rents produce distress to small real estate investors In 2018, a tіmе whеn surging vаluаtіоnѕ аnd rіѕіng rеntѕ mаdе buуіng рrе-соnѕtruсtіоn Tоrоntо condos ѕееm lіkе a perfect іnvеѕtmеnt. In December, 2020, thе COVID-19 раndеmіс іѕ sending rеntѕ рlungіng аnd ѕрurrіng an еxоduѕ frоm dense dоwntоwn housing. The оwnеrѕ оf bоught […]
condo rents
New Rent control rules may bring back sky-high rent increases for Toronto condo tenants
New Rent control rules may bring back sky-high rent increases for Toronto condo tenants With new Rent control rules and the province of Ontario scrapping rent control for new units across Ontario as of November 15, 2018, affordable housing advocates are warning that the changes could mark a return […]
Toronto Condo buyer needs $100,000 in income to buy a Condo in 2019
Toronto Condo buyer needs $100,000 in income to buy a Condo in 2019 Condo rents up 10.7 per cent as fewer buy homes One-third of would-be buyers have exited the market Some relief ahead for homebuyers, Urbanation predicts The income needed to qualify for a mortgage (mortgage qualifying) […]
Toronto condo rent hikes may slow in 2019 with more condo units available for rent in 2019
The average rent for a one-bedroom condo in the Toronto region has surpassed $2,000 for the first time, hitting $2,056 in the third quarter of 2018, according to market research firm Urbanation. Mr. Hildebrand, President, said he expects rents to moderate going into 2019 as more apartments […]
