TSX:CAR.UN - Post by User
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AlwaysLong683on Jul 19, 2022 3:28pm
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Tight Rental Market in Toronto
Tight Rental Market in Toronto From BNN Bloomberg's Daily Chase Newsletter:: RECORD-TIGHT RENTAL MARKET
Amazing to see the divergence in housing. Just yesterday, real estate broker John Pasalis was telling Jacqueline about the preponderance of delistings by would-be sellers in the country’s largest housing market. Meanwhile, the rental market is on fire. New data today from Urbanation show the inventory of rental units in Toronto sank to a record-low in the second quarter, at just 0.3 months of supply. Meanwhile, condo rents rose 5.9 per cent sequentially to an all-time high of $3.57 per square foot.