Toronto Condo Rentals

By
Real Estate Agent with RE/MAX Condos Plus Corporation, Brokerage

Toronto Condo Rentals

 

The number of units rented across the Greater Toronto Area in 2014

increased by 15% over the previous year, according to the Market Research firm Urbanation.

 

New rental units that are becoming available, from the release of keys to buyers in the newly completed condo buildings are much smaller in size than the older buildings and so, although the rental rates are higher, they have not increased much, only about 1% over the 2013 rates.

 

In my experience, I find that young people moving to Toronto, to live and work, prefer newer buildings, and are not too concerned about the smaller size, especially the kitchens. I guess it is because they do not spend too much time cooking!

 

Kitchen

 

Posted by

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Real Estate Agent serving clients for the Toronto Downtown and Toronto Waterfront Area.

Residential and Investment Properties.

Rosalind Nicholas, ACCA,SRS,REALTOR®

e-mail:   Rnicholas@trebnet.com     Tel: 416 918 1972

RE/MAX Condos Plus Corporation, Brokerage, Toronto, ON, Canada.

http://www.youtube.com/watch?v=PMuLzqLe72M&feature=youtu.be

 

 

Comments (4)

Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

I believe smaller sizes will become mainstream. Those monstrous condos with 3K-5K sq. ft. are not economical, and honestly, not even practical. i don't get all those sitting areas in Master Bedroom, when you have the Lisving, Room and Family room. Expecially when usually only 2 people live there. It is all simply wasted space.

Jan 17, 2015 06:10 AM
Rosalind Nicholas
RE/MAX Condos Plus Corporation, Brokerage - Toronto, ON
Toronto Condo Real Estate Agent, Toronto ON

Yes Jon, smaller sizes are becoming mainstream. Bachelor units and many one bedroom units in the new buildings are less than 550 sq ft.. Yet, the banks are placing restrictions on mortgages for units that are smaller than 550 sq ft.

Jan 17, 2015 12:32 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Rosalind, we are seeing that trend in Denver too.    Updated, newer but they can live with less space.

Jan 18, 2015 12:15 AM
Rosalind Nicholas
RE/MAX Condos Plus Corporation, Brokerage - Toronto, ON
Toronto Condo Real Estate Agent, Toronto ON

Joan, its very much a lifestyle .......... 'condo living' lifestyle.

Jan 18, 2015 12:32 AM