Downtown Toronto rental market …….
Yesterday, when I was in the office, late in the evening, one of my colleagues was also there .…..his wife was calling, to find out when he would be home ……. He was busy working on 3 offers on a rental listing!
He told me it was a 1 bedroom condo unit with no parking ……. I shared with him that I went through a similar situation last weekend. The showings started on Friday and on Saturday, I had 3 offers. It leased for full price.
This same rental listing of mine in 2014 was on the market for a few weeks before it leased; for under asking price.
Right now, the Downtown Toronto rental market is very active.