Tuesday, May 24, 2011

UrbanRental Report Launch a Tremendous Success

On Tuesday, May 17, 2011 Urbanation Inc. released its inaugural condominium apartment rental market overview for Q1-2011. The event took place at the Westin Prince Hotel and a packed house of over 80 brokers, developers, lenders, architects, land owners and consultants showed up to get the latest results on the condo rental market and the new condo market.

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: 
Check out our latest Press Release.


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