Renting
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.”
Oct 11, 2024
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.
Luxurious Lawrence Park South Estate Boasts (Numerous) New Renos
Tucked away in a quiet corner of Lawrence Park South, this Tudor-style home offers a welcoming oasis, just around the bend from Yonge and Lawrence's best.
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.”
Policy
"A Dramatic Shift": Provincial Fund Now The Biggest Buyer In BC's Multi-Family Market
British Columbia’s $500 million Rental Protection Fund has kicked into high gear since it was announced by Premier David Eby more than a year ago, but it's not without its critics.
Renting
Behind The Scenes, This Property Management Group Is Ahead Of The Curve
“It's easy to get fatigued in this business. It's a very hands-on business that focuses on a lot of minutia,” says Oren Turkienicz, CEO of Holt Meadow. “So from our perspective, it's important to keep employees engaged.”
Policy
BC Drops Annual Rent Increase Cap To 3.0% For 2025
After setting the rent increases cap at 3.5% for 2024, the Province is dropping it to 3.0% for 2025, tying it to inflation.
Renting
July Sees Slowest Annual Canadian Rent Growth In Over Two Years
"We’ve seen very little of the uplift typically expected with the warmer months,” said David Aizikov, Senior Analyst at Rentals.ca.
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