Average Rent of 1-Bedroom Hits $2,000 Mark in Toronto
The average rental price for a one bedroom apartment in Toronto finally cracked the $2,000 mark in September, a 5% increase in a month, according to data from Padmapper. It's important to note, however, that Padmapper also factors longer-term Airbnb rentals (those that can be rented by the month) into its calculations. This could skew the price upwards a bit, as renting a full apartment in Toronto through Airbnb can run upwards of $4,000 per month. Toronto is quickly closing
Toronto house prices likely already near bottom
As real estate prices continue to drop following Ontario’s market-cooling policies, economist Robert Hogue says Toronto is likely to mimic Vancouver’s experience. Toronto’s roller-coaster real estate market took a swoop lower in August, the fourth-straight month that the average sales price in Canada’s largest city declined from a dizzying record high set in April. The Toronto Real Estate Board said Wednesday the average price for all home types in the Greater Toronto Area la
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