The Motria Group's Market Blog: Rental market is crazy.
Monday Oct 01st, 2018Share
Rental market is crazy. There is so much demand and absolutely no supply. Prices of rentals are going up. We had a client looking for a 1 bedroom condo, wanting to spend about $1800. There were no units available in Etobicoke. One finally came up and the same day there were 3 offers. Showings were booked back to back. Our client had to pay more to get it. We believe that this will only get worse as more and more people come to Toronto and they will be unable to buy.