Write For Us

As rental housing market recovers, bidding wars erupt in the Toronto area

Sponsored Post Vitamin D2 Canada Persia
78 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
A Toronto realtor says bidding wars are now a feature of of the rental market for families in the Greater Toronto Area, as people flee the downtown core in search of more space.

In fact, the price of a one-bedroom rental in Barrie, Ontario has actually surpassed the price of a similar unit in Toronto, moving into 3rd place nationally behind Vancouver and Burnaby according to one ranking metric.

Across the country, average rental rates have climbed for two months in a row, but it's a different story for smaller units. Landlords in Toronto, Montreal, and elsewhere are offering various incentives for smaller rental units in these cities.

For condo owners, that same rental recovery may be a boost as they haven't seen their investments keep pace with the housing market.

Anne Gaviola has more.

For more info, please go to https://globalnews.ca/news/8029869/home-sales-canada-june/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #Housing #CdnHousing
Category
U.S. & Canada
Tags
global news, rental market, Canada rental market
Sign in or sign up to post comments.
Be the first to comment