Thursday, April 12, 2018

Condo rental prices in Toronto have already jumped 10 per cent this year — here’s why

Sarah Niedoba Apr 12, 2018

Toronto home sales might have fallen in the first quarter of 2018, but rents certainly didn’t.
According to a report released today by Urbanation, the average monthly rent for a condo in Toronto jumped 10.7 per cent to $2,206 in Q1, the second biggest increase since 2010 (after Q3 2017’s 11.5 per cent jump.)
That jump in prices comes as supply levels continue to fall. The number of rented condo units dropped 12 per cent year-over-year in Q1, with the level of available new condos falling to 1,945, the lowest level in eight years.
And for those hoping that supply levels might increase as condo investors place more of their units on the market, it’s worth noting that the average annual income required to buy an average Toronto resale condo has also gone up. It’s now $100,000, up from $77,000 this time last year.
For information on buying or selling a condo and the current condo market, contact us by email or call 416-322-8000.

Condo rents in Toronto jump 10.7% in Q1

THU, APR 12, 2018 - 5:50 AM

FINDING a condo to rent in Toronto is tough enough - paying for it has just got a lot harder.
Average monthly rents in Canada's biggest city surged 10.7 per cent in the first quarter from a year earlier to C$2,206 (S$2,290), according to Urbanation.
That's the second-biggest increase since the firm started tracking the data in 2010, surpassed only by the 11.5 per cent jump in the third quarter of last year.
For information on buying or selling a condo and the current condo market, contact us by email or call 416-322-8000.

Market Watch for March 2018

For help in interpreting this information as it relates to your property, please call or email us and we will be happy to assist you without any obligation.

Tuesday, March 27, 2018

Monday, March 12, 2018

Eglinton Crosstown Update: Open House Meeting

Join Metrolinx & Crosslinx to  learn about the progress at the following stations:  

Chaplin, Avenue, Eglinton, Mount Pleasant & Leaside stations.... 

On Wed Mar 21 6:30 - 8 PM 
At the Yonge & Eglinton Centre 2300 Yonge St.

Friday, March 9, 2018

Easter Bunny Colouring Contest at Tuft's Valu-Mart!

Once again Patrick will help celebrate Easter with our friends at Tuft's Valu-Mart on Bayview & Davisville. Drop by the store to pick up your Easter Bunny Ballot from one of the friendly cashiers and colour it in your finest colours!

Return it to Tuft's Valu-Mart before Saturday March 31st. On that Saturday, Patrick will be at the store from 12 to 2 PM to start the Easter celebration and to hand out prizes to the Top 3 Easter Bunnies!

Thursday, March 8, 2018