In the last couple weeks, my priority and focus has been helping several of my landlord clients find reliable, qualified tenants for their properties before the holiday season. Matching the right tenant with the right property is an Art, especially during a time like COVID, and one mis-step can be a nightmare for everyone involved. Luckily, I matched great tenants to all my listed rental properties within the last two weeks – and everyone can have peace of mind in time for the holidays.
Compared to this time last year, the number of vacant rentals has more than doubled! Which brings up the question:
What’s Next for Toronto’s Not-so-Hot Rental Market?
New third quarter numbers from the Toronto Real Estate Board (TREB) show there are now 113 per cent more units available for lease on the market than in the third quarter of last year…
In high-demand areas like Liberty Village, King West and Corktown, condos are still going up and the investors who bought properties are starting to list them on the rental market, adding to the sizeable pandemic inventory. That means rents will keep dropping if the situation doesn’t change.
So what’s the future hold for Toronto’s once soaring rental market?
Reply and let me know your thoughts and forecasts.
To read the full article, “Why the pandemic is pushing young tenants out of their tiny rentals in Toronto’s Core.” Click HERE
Toronto Stats this Past week
MLS activity from November 12 to 17 for residential properties:
↓ Newly listed:
↓ For Rent:
Compare the above to the week before from November 5 to 11 when there were 8,791 for sale, 1,379 newly listed, 422 sold & 13,028 for rent.
Just listed in Toronto within the last 24hrs
(Email or call me directly for specific sold or off-market properties)
If you would like me to look up any other numbers for you, just call or text me 647-804-8601.
Let me know how I can help with your (RE)search.