Renting
Renting
“A Rare Occurrence”: Average Canadian Rent Falls For First Time Since 2021
The national average was pulled down by steep annual rent declines observed in Toronto (-9%) and Vancouver (-8%) as renters flocked to more affordable markets.
Nov 08, 2024
Renting
Toronto Considering DC Deferrals, Property Tax Cuts For Purpose-Built Rentals
Toronto City Council is due to consider a new Purpose-Built Rental Homes Incentive on November 13.
Renting
Condo Rents Slide In GTHA As Completions Surge Over 130%
There were over 23,000 new condo units registered across the GTHA between January and September, and that figure represents a 132% increase over the same period last year.
Renting
Over 50% Of Screened Applications Fraudulent: Toronto Renters Grapple With “Financial Struggle”
Menkes' Kimberly Sears tells STOREYS that the company has screened “over 175 offers to lease” over a six-month course, and of those, “over 90 of them were disqualified due to discrepancies found during the screening process.”
Contemporary Meets Classic At This Summerhill Family Home
With four floors of beautifully renovated spaces, ample room for family and friends, and an unbeatable location, this is a home you don't want to miss out on.
Renting
Roommate Rental Listings Up Nearly 50% Across Major Canadian Markets
“Vancouver and Toronto […] have experienced a notable increase in condo units where owners are subletting spare bedrooms. Additionally, condo investors in these cities are listing individual bedrooms within larger units, thereby offering lower asking rents to attract prospective tenants.”
Renting
Canadian Rent Growth Slows To 3-Year Low As International Student Enrolments Plunge
Urbanation President Shaun Hildebrand notes that foreign student enrolments have dropped off “by roughly a half from their record highs,” and that the effects have been felt most in Ontario and BC.
Renting
Average 2-Bed Rent Could Hit $5,600/Month In Toronto By 2032
The outlook for Toronto rent growth represents an astounding 72% increase compared to 2023 and projects a 26% rent increase to $4,100 by 2027.
Toronto
Toronto Ranks 5th Most At Risk For Housing Bubble Globally
Toronto's risk score improved in 2024, though slower rent and income growth have kept the city in "elevated" risk territory.
Renting
Toronto Rental Starts Slashed In Half As “High Cost Of Financing” Cuts Into Profitability
The plunge in purpose-built rental starts can additionally be attributed to “consecutive months of declining asking rents,” according to Canada Mortgage and Housing Corporation.
Policy
BC Conservatives Proposing $3,000 Per Month "Rustad Rebate" On Rent, Mortgages
The proposed BC Rent and Mortgage Rebate — colloquially being called the "Rustad Rebate," after Conservative Leader John Rustad — would exempt housing costs from provincial income taxes beginning at a maximum of $1,500 a month starting January 2026.
Renting
How The Government Of Canada Is Approaching The Renters' Bill Of Rights
The Government of Canada committed to establishing a Renters' Bill of Rights as part of Budget 2024.
Renting
Size Matters: Renters Prioritizing Space And Price Over Location
A study from simplydbs found that 74% of renters valued price over location, amid a high cost of living.
Renting
“Historically Irregular”: Canadian Rent Growth Slows To Almost 3-Year Low
The sluggish summer is attributed to “a combination of more supply being built, as well as a rollback in demand from population-related changes in government policies.”
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