RENTALS HAVE NOW TOPPED THE LISTINGS ACCORDING TO THE TORONTO REAL ESTATE BOARD

Rental listings in the city have more than doubled as Airbnb drops. The number of condos for rent has driven up the market numbers for units of all kinds and sizes. It’s nirvana for negotiators. Year-over-year rented condos increased by 30% – 14,036 new leases were signed, as opposed to 34,971 new condo rental listings.Rents for one-bedroom units have dropped more than 11% to $2,012 monthly, down from $2,262 in the summer of 2019. Rent prices for bachelors, two-bedroom and three-bedroom condos also fell. – Canadian Press, October 24/2020

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