Monthly Rent of a Condo in the GTA is on the Rise

Wednesday Apr 11th, 2018

The New Mortgage Rules introduced by the Federal Government at the beginning of 2018, pushed a lot of potential buyers out of the market. Consequence, Rents go up because there’s now a greater demand.
According to CBC today, the average cost to rent has risen almost 11%, meaning $214 more per month. The monthly rent of a condo in Toronto is as high as $2,432.