Tag: Ontario rental market
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Nearly 1 in 19 Rental Units Sit Vacant in Toronto
Toronto’s rental market is showing a major shift, with vacancy rates rising sharply across the Greater Toronto and Hamilton Area (GTHA). New data suggests that while rents remain relatively sticky on the surface, underlying conditions point to a rapidly softening rental market. Vacancy Rates Hit Multi-Year Highs Recent data shows that the GTHA vacancy rate…
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Toronto Rents Just Hit Their Lowest Level in Nearly 4 Years
Toronto’s rental market is continuing to cool, with new data showing prices have dropped to their lowest level in years. According to a new report from Rentals.ca and Urbanation, average asking rents in Toronto have fallen to their lowest level since May 2022, marking a 46-month low. Rents Continue to Decline Across Toronto The latest…
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Ontario Landlord Red Flags (From Tenants Who Learned the Hard Way)
Renting in Ontario? Here are six real landlord red flags tenants learned the hard way, from “cash only” to “I’ll fix that later.” What to look for and when to walk away.
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Canada’s Rental Prices Drop: Key Insights from Rentals.ca December 2024 Rent Report
In November 2024, Canada’s residential rental market experienced a notable decline, with asking rents falling to a 15-month low of $2,139. This marks a 1.6% decrease compared to the previous year, following a 1.2% drop in October. Despite this decline, rents in Canada are still higher than two or three years ago, reflecting long-term growth…
Canada Housing Market 