If you’re one of the zillions of Toronto investors who purchased a new condo which is now nearing completion, in that sea of soon-to-be-finished towers across the City, you will be relieved to know that today you can do your Happy Dance.
Condo research firm Urbanation reported that would-be first-time homebuyers are fuelling an unprecedented demand for rental condos across the GTA, which has pushed average rents to a record $1,856 per month.
In the past two years rents have climbed 10 per cent after a decade of largely flat or minimal increases.
Wanna read more? Click HERE for today’s Toronto Star article.
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~ Steven and the urbaneer team