16 May 2013

Red hot rental market in GTA

It looks like the tightening of the mortgage rules is showing serious results, as more “to be”first-time homebuyers enter the condo rental market – GTA average rents went up to a record $1,856.

“It’s been long time since we’ve seen rent levels grow even stronger than resale and new condo prices,” – said Shaun Hildebrand, a senior vice president of Urbanation and a former market analyst with CMHC…

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