17 Jan Toronto rent increases on track to slow down this year after reaching stratospheric heights in 2018.
Original article via Financial Post. Click here to read.
Rents for Toronto condos are expected to ease in 2019 after surging the most in at least eight years in 2018.
The average monthly rent in Canada’s biggest city jumped 9.3 per cent to $2,309 (US$1,744) in 2018, according to a report from Urbanation on Friday. That’s the biggest yearly gain since the condo research firm began tracking the market in 2010 and more than double the 4.1 per cent average over the past eight years.