Torontonians and Vancouverites are always surprised when I tell them that overall, real estate and the cost of living in the Toronto and Vancouver is less in Manhattan.
Even with the pandemic lowering rents as much as 22%, we still fetching the most expensive rents in Canada (and arguably North America in my opinion). And it’s specifically North York that is getting the highest 1-bedroom rents:
Renting a one-bedroom apartment in North York nets landlords $25 more a month than in Toronto, making it Canada’s most expensive city for that type of rental, according to a new report from Rentals.ca and Bullpen Research & Consulting. [*]
“North York has the most expensive one-bedroom units at $1,953 per month, topping both Toronto and Vancouver, as a number of new purpose-built apartments are starting pre-leasing programs, pulling the average up,” read the report. [*]
And comparatively when it comes to two bedrooms:
Canada’s most expensive two-bedroom average rental is in Vancouver, where it declined by 6% year-over-year to $2,793 last month from $2,985. [*]
There are a lot of options for renters out there right now, especially since there is the ability and desire to move further afield beyond the GTA.
Toronto Stats this Past week
MLS activity from November 18 to 24 for residential properties:
|↓ For Sale:
|↓ Newly listed:
|↓ For Rent:
Compare the above to the week before from November 12 to 17 when there were 8,491 for sale, 1,191 newly listed, 452 sold & 12,865 for rent.
Today’s newest listings
TORONTO HOUSES FOR SALE
|Under $950k||$950k to $1.2M||$1.2M to $1.6M|
|$1.6M to $2M||$2M to 3M||Over $3M|
TORONTO CONDOS FOR SALE
|Under $500k||$500k to $600k||$600k to $700k|
|$700k to $800k||$800k to $1M||Over $1M|
|Potential Fixer Uppers||Ontario Foreclosures||Map Search|
(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.