Sign in

If you're thinking about looking at Toronto apartments for rent, you might not want to hesitate — it's only going to cost you more the longer you wait.

According to a recent report from the Toronto Regional Real Estate Board, residents of TO can expect rent prices to grow while the number of available homes drops.

""It is clear that the demand for rental accommodation has substantially increased compared to last year when there was a temporary pandemic-related lull," TRREB president Kevin Crigger wrote in the report.

"Strong rental demand will continue into next year, as immigration into the GTA picks up and we see a resurgence in the student population."

Condo prices — which are still lower than they were last year — are beginning to pick up again, and the TRREB reports that Torontonians rented more than double the number of apartments in early 2021 than they did in early 2020.

"The situation is changing," Jason Mercer, chief market analyst at the TRREB, said.

"It is clear that rental market conditions are tightening and will continue to do so as population growth resumes. This will result in declining vacancy rates and an acceleration in rent growth into 2022."

Stay Informed
Get Toronto's latest and greatest stories every day straight to your inbox.

If you live in a downtown Toronto apartment, you can likely relate to dreaming of buying a roomy home and immediately feeling discouraged because of the price. But you might be able to finally make that dream a reality.

A new Strata report lists areas in and around the 6ix where condo townhouses are the cheapest.

Keep Reading Show less

If you've ever wondered what the least exciting, yet still incredibly expensive thing you can purchase in the 6ix is, look no further than Toronto parking spaces.

A spot located on Yonge Street is currently on sale for a whopping $120,000 and other spots in the downtown core aren't much cheaper.

Keep Reading Show less

Work on Pharrell Williams' highly-anticipated Toronto residential development has officially begun, and judging by its mock-up images, it's going to be jaw-dropping.

The launch of the project, called Untitled Toronto, was celebrated on Tuesday with a small ceremony on-site.

Keep Reading Show less

6 Toronto Homes You Can Actually Buy For Under $1M That Aren't As Fugly As You May Think

You don't need to be a millonaire to own a home in the 6ix.

If you're looking for a Toronto home for sale under $1 million, you don't always need to move into a shoebox condo or tiny shack.

Currently, there are a few Toronto homes on the market that you can buy without being a millionaire.

Keep Reading Show less