July sees unprecedented spike in average Canadian rental unit asking prices: report
8/12/2023 | Posted in Rental Market by Jessi Sandhu
Amidst continued interest rate hikes and economic challenges, the average asking price for a rental unit in Canada reached another new record of $2,078 in July, according to a ...
More
Ontario Capping Rent Increases Below the Rate of Inflation
7/1/2023 | Posted in Ontario Real Estate by Jessi Sandhu
Province holding rent increase guideline at 2.5 per cent in 2024 ...
More
6/21/2023 | Posted in Rental Market by Jessi Sandhu
The number of people renting in Ontario is going up, and so are rental prices, putting more pressure on an already precarious housing system. ...
More
Rents eased in Toronto, Vancouver last month but others are rising
2/18/2020 | Posted in Rental Market by Jessi Sandhu
Canadian renters are facing larger monthly payments in many markets according to a new report. ...
More
Toronto poised to lead growth in rents
1/9/2020 | Posted in Rental Market by Jessi Sandhu
Average rents in Canada are expected grow by 3% this year, while Toronto will see a stronger 7% increase in rents. ...
More
Toronto to move forward with regulation of short-term rentals
11/25/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Plans to regulate the short-term rentals market in Toronto will go ahead following the dismissal of an appeal. ...
More
Toronto's rent rate growth has markedly decelerated during Q3 2019
10/21/2019 | Posted in Toronto Real Estate by Jessi Sandhu
At present, Toronto is far more hospitable to renters than buyers, with the average surveyed rent for recently leased units increasing at the slowest rate in two years. ...
More
TREB Releases Rental Market Figures as Reported by GTA Realtors
10/3/2019 | Posted in Rental Market by Jessi Sandhu
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 10,800 condominium apartment rentals through TREB’s MLS® ...
More
Toronto needs to double rental supply to meet future demand
9/26/2019 | Posted in Toronto Real Estate by Jessi Sandhu
A new report from RBC Economics focuses on the rental housing deficit which is set to intensify in the coming years, especially in Toronto and Vancouver. ...
More
Investment in Toronto residential property remains a winning prospect
9/17/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Amid newfound momentum due to an upward trend in detached home sales, Toronto remains probably the best real estate investment destination in Canada, according to RE/MAX. ...
More
GTA market fundamentals to remain robust going forward
8/17/2019 | Posted in GTA Real Estate by Jessi Sandhu
Exceptional job growth in the Greater Toronto Area, along with consistently high immigration, has spurred strong rental demand through the first half of 2019. ...
More
Toronto is still the number 1 Canadian migration city
7/9/2019 | Posted in Toronto News by Jessi Sandhu
U-Haul’s annual migration trends report for 2018 shows more people are moving to Toronto. ...
More
Toronto condo apartment rentals up 15% in June
7/5/2019 | Posted in Rental Market by Jessi Sandhu
The strength of the economy and labour market in the Greater Toronto Area is boosting rental activity. ...
More
Demand, rates rise for Canadian apartments
6/28/2019 | Posted in Rental Market by Jessi Sandhu
The average monthly rental rate in Canada increased by four per cent in May following two months of declines, but demand for apartments is expected to remain strong according to a ...
More
GTA REALTORS® Release May 2019 Stats
6/5/2019 | Posted in GTA Real Estate by Jessi Sandhu
TREB President Garry Bhaura announced that GTA REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.1 While this result represented a ...
More
Toronto is U.S. and Canada's fastest-growing city, and that's not good
6/2/2019 | Posted in Toronto Real Estate by Jessi Sandhu
Torontonians could find themselves “doubling up” on housing with friends or relatives in the coming years as the city’s breakneck population growth outstrips the ...
More
Toronto tech sector slated for more growth
2/6/2019 | Posted in Toronto News by Jessi Sandhu
The Greater Toronto Area’s tech sector, the fastest growing in North America, expected to attract young professionals in greater numbers this year. ...
More
5 Predictions For Toronto's Housing Market In 2019
1/24/2019 | Posted in Toronto Real Estate by Jessi Sandhu
We are almost a month into 2019, and it feels like the Toronto real estate market is getting a fresh start. As we enter a more balanced market, the discussion will slowly shift ...
More
Lower mortgage rates won't do much for Toronto homebuyers
1/22/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
Those in the market for a Toronto home shouldn’t get too excited about the prospect of lower mortgage rates, says one economist. ...
More
GTA condos saw record-breaking rent rises in 2018
1/14/2019 | Posted in GTA Real Estate by Jessi Sandhu
Condo apartment owners in the GTA saw higher returns on their investments in 2018 with rents setting a new record. ...
More
Why 2019 could be one of Toronto renters' toughest years yet
12/28/2018 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
If you’re looking to rent in Toronto, 2019 is poised to be a challenging year. ...
More
12/18/2018 | Posted in Rental Market by Jessi Sandhu
Canadian landlords will be increasing rents in 2019 as strong demand for rental housing continues amid high home prices and tighter mortgage lending rules. ...
More
Rental vacancy rate dips to 2.4% across Canada, CMHC says
11/28/2018 | Posted in Rental Market by Jessi Sandhu
Canada added 37,000 apartments this year, but demand rose by even more to 50,000 units. ...
More
Ontario scraps rent control for new units
11/20/2018 | Posted in Ontario Real Estate by Jessi Sandhu
Starting immediately, rent control rules will no longer apply to buildings and flats being rented for the first time, the Progressive Conservative government announced Thursday. ...
More
Long-term demand for Toronto's rental market
11/16/2018 | Posted in Rental Market by Jessi Sandhu
Immensely positive prospects for employment will fuel prolonged demand for rental residences in Toronto, according to a new analysis by Marcus & Millichap. ...
More
Downtown Toronto prices to hit $2,000 per sq. ft.
9/5/2018 | Posted in GTA Real Estate by Jessi Sandhu
New condo prices are rising, a good amount of GTA residents are apparently “miserable,” and some renters are “seriously considering” moving out of the ...
More
Canadian Rental Rates Soar In Half Of Largest Cities
8/31/2018 | Posted in Canadian Housing Market by Jessi Sandhu
Toronto is still the nation's priciest rental market, while rental rates are soaring in half of Canada's largest cities. The year-over-year numbers paint an even bleaker ...
More
Rental Rates Soar By Double Digits In Half Of Canada's Largest Cities
5/17/2018 | Posted in Rental Market by Jessi Sandhu
The cost of renting an apartment is climbing rapidly in many of Canada's largest cities, led by Toronto and nearby places, new data shows. ...
More
Toronto's monthly rents saw a sharp upward spike in Q1
4/15/2018 | Posted in Toronto Real Estate by Jessi Sandhu
Average monthly rents in Canada’s biggest city surged 10.7% year-over-year in Q1 2018 to $2,206, according to a new report from Urbanation Inc. ...
More
Toronto report highlights soaring apartment rents
2/10/2018 | Posted in Rental Market by Jessi Sandhu
A new city report released on Friday says purpose-built apartment rent increases in 2017 soared to a 15-year high while vacancy rates sank to their lowest level in 16 years, ...
More
At Your Service
Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and we'll get back to you promptly.