Toronto’s Rental Apartment Vacancy Rate Hit a 50-Year High in Q4 2020
by“The GTA rental market faced its toughest challenges to date in 2020 due to COVID-19.”
“The GTA rental market faced its toughest challenges to date in 2020 due to COVID-19.”
It’s the largest year-over-year dip in the nation.
But what does that really mean?
“It’s kind of like a hybrid of Airbnb meets Expedia.”
The most ‘affordable’ unit is going for just $995 per month.
But rents are expected to continue to fall for the first half of 2021.
“2020 has been the most unpredictable year of my nearly 20-year career as a housing analyst.”
To continue hosting.
The tower would house 480 rental units and a daycare.
One evolving neighbourhood poses a prime possibility.