Toronto condo rental growth at 2 year low
It’s not just condo construction that has slowed in Toronto; the pace of rentals has also eased. Although there has been a 10 per cent year-over-year increase in rentals, there has also been a decline in the third-quarter compared with the first half of the year. The figures, from condo research firm Urbanation, show a two-year low in rental growth which they say is partly down to fewer investors putting properties on the rental market but is also a sign of things to come. Shaun Hildebrand from Urbanation says rentals are returning to a more sustainable level.