3/22/2023 | Posted in Rental Market by Anthony (Tony) Barone
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Canada's rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report Wednesday.
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2/16/2023 | Posted in Rental Market by Anthony (Tony) Barone
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Canada’s explosive population growth from immigration is causing rents to surge in its biggest cities.
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1/19/2023 | Posted in Rental Market by Anthony (Tony) Barone
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New report highlights rent rate movements in major urban markets
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12/19/2022 | Posted in Rental Market by Anthony (Tony) Barone
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The cost of rent in Canada has been on an uptrend since the pandemic, and in November reached an average of $2,024. That’s a 12% jump since last year and up 2.5% since ... More
12/7/2022 | Posted in Rental Market by Anthony (Tony) Barone
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Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in ... More
11/22/2022 | Posted in Rental Market by Anthony (Tony) Barone
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Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October.
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10/27/2022 | Posted in Rental Market by Anthony (Tony) Barone
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The cost of renting a one-bedroom condominium in Toronto is now up more than 20 per cent year-over-year, as higher borrowing costs leave some would-be buyers on the ... More
10/21/2022 | Posted in Rental Market by Anthony (Tony) Barone
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The rental market became so unbalanced during the third quarter that units were on the market for a record low average of 10 days
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10/19/2022 | Posted in Rental Market by Anthony (Tony) Barone
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Rental apartment construction dropped sharply in Toronto in the first half of the year, according to a new government report that suggests it has become “less and less ... More
9/20/2022 | Posted in Rental Market by Anthony (Tony) Barone
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Having been on an upward trend since early last year, average rent prices have now eclipsed pre-pandemic levels.
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8/13/2022 | Posted in Rental Market by Anthony (Tony) Barone
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7/19/2022 | Posted in Rental Market by Anthony (Tony) Barone
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GTA rent prices rose by “the fastest pace on record” in the second quarter of this year with the average one-bedroom unit being leased out for nearly $2,200 a ... More
6/22/2022 | Posted in Rental Market by Anthony (Tony) Barone
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The Canadian housing market continues to witness a dramatic climb in rental prices according to a report from rental listing platform Zumper published last Wednesday.
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6/1/2022 | Posted in Rental Market by Anthony (Tony) Barone
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A new report says the average monthly GTA rent increased 12% for all property types this April to $2,204 from $1,974 in April 2021.
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3/24/2020 | Posted in Rental Market by Anthony (Tony) Barone
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The COVID-19 coronavirus outbreak is highlighting the fragility of millions of Canadian households, which face a stark choice between paying their bills or putting food on the ... More
2/18/2020 | Posted in Rental Market by Anthony (Tony) Barone
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Canadian renters are facing larger monthly payments in many markets according to a new report.
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2/13/2020 | Posted in Rental Market by Anthony (Tony) Barone
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The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001.
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1/9/2020 | Posted in Rental Market by Anthony (Tony) Barone
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Average rents in Canada are expected grow by 3% this year, while Toronto will see a stronger 7% increase in rents.
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12/1/2019 | Posted in Rental Market by Anthony (Tony) Barone
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The annual increase in Canadian rents was not consistent across property types.
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10/3/2019 | Posted in Rental Market by Anthony (Tony) Barone
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Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 10,800 condominium apartment rentals through TREB’s ... More
7/5/2019 | Posted in Rental Market by Anthony (Tony) Barone
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The strength of the economy and labour market in the Greater Toronto Area is boosting rental activity.
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6/28/2019 | Posted in Rental Market by Anthony (Tony) Barone
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The average monthly rental rate in Canada increased by four per cent in May following two months of declines, but demand for apartments is expected to remain strong according ... More
12/18/2018 | Posted in Rental Market by Anthony (Tony) Barone
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Canadian landlords will be increasing rents in 2019 as strong demand for rental housing continues amid high home prices and tighter mortgage lending rules.
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11/28/2018 | Posted in Rental Market by Anthony (Tony) Barone
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Canada added 37,000 apartments this year, but demand rose by even more to 50,000 units.
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11/16/2018 | Posted in Rental Market by Anthony (Tony) Barone
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Immensely positive prospects for employment will fuel prolonged demand for rental residences in Toronto, according to a new analysis by Marcus & Millichap.
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10/31/2018 | Posted in Rental Market by Anthony (Tony) Barone
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In a keynote speech delivered at the National Mortgage Conference in Montreal this week, Benjamin Tal warned that instituting rent control could spell disaster.
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5/17/2018 | Posted in Rental Market by Anthony (Tony) Barone
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The cost of renting an apartment is climbing rapidly in many of Canada's largest cities, led by Toronto and nearby places, new data shows.
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2/10/2018 | Posted in Rental Market by Anthony (Tony) Barone
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A new city report released on Friday says purpose-built apartment rent increases in 2017 soared to a 15-year high while vacancy rates sank to their lowest level in 16 ... More
10/13/2017 | Posted in Rental Market by Anthony (Tony) Barone
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Competition in Toronto's condo rental market has become so fierce that bidding wars are on the ... More
1/17/2017 | Posted in Rental Market by Anthony (Tony) Barone
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Those hoping to become first-time buyers in the Greater Toronto Area are under increasing pressure as soaring rents make saving for a downpayment tougher.
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