Released quarterly, the rental market overview will provide a wealth of information on the trends and changes in rental rates in the Toronto Census Metropolitan Area (CMA). See municipal results highlighted below from 24 Hours publication:
Other highlights of the inaugural rental market overview show that, among leased condominium apartments in the Toronto CMA, index rents increased by just 0.8% quarterly in Q1-2011, from $2.09 per square foot, to $2.11 per square foot. The average condominium unit leased in Q1-2011 was 800 square feet with an average rent of $1,686 per month
Overall, the new UrbanRental report for Q1-2011 shows that demand and the number of leased units in the condominium apartment rental market remains high, while the average days-on-the-market is low. Go to www.urbanation.ca/UrbanRental for more info and to subscribe.
For more articles regarding the UrbanRental report:Press Release.