Renting a Condo in Toronto Is a Losing Battle With Dizzy Prices

  • Average rent rose by 9.1 percent in the fourth quarter
  • A frenzy of building, with development at a 25-year high

Go ahead, just try to rent an apartment in Toronto.

The feat is getting even harder, with supply tight and prices showing no sign of retreating. The vacancy rate in the fourth quarter was among the lowest ever, at 0.3 percent, according to Urbanation Inc. The average monthly rent for a condominium rose by 9.1 percent to C$2,166 (US$1,730) from a year earlier…
Categories : Real Estate

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