GTA Rental units keep going up in price as the demand is extremely high. From Q2 2017 to Q1 2019, rental rates jumped from $1,861 to $2,143 for a one bedroom apartment.* Wonder what 2 bedrooms are going for? As of Q1 2019, a 2 bedroom condo rental will cost you an average of $2,811.
If you’ve been thinking about purchasing an investment property and have some questions, please ask away. If you thinking of purchasing outside of the Toronto core, there are still some great deals in Durham -particularly Oshawa (and rents are not that much different than Toronto).
*Source: TREB 2019
