Average Rents in Downtown Toronto Have Dropped As Much As 22% Year-Over-Year
byThe average price for condominium apartments in the downtown core is now $2,444.
The average price for condominium apartments in the downtown core is now $2,444.
One-bedroom rent dropped 3.7% to $2,100.
During the COVID shutdown, landlords applied to evict more than 6,000 tenant households.
Condo prices are up while average condo rents are down y-o-y.
Council voted 22-2.
The Annex has taken a 10% hit since this time last year.
While new listings for sale in the 10 Airbnb-friendly buildings grew by 108% y-o-y.
Everything from 1-month free to $500 move-in ‘bonuses’.
But critics say the new law actually weakens tenants’ rights.