Population Growth and High Interest Rates Drive Rental Demand in GTA

Average condominium apartment rents continued to increase by double-digit annual rates in the fourth quarter

January 31, 2023

Average condominium apartment rents continued to increase by double-digit annual rates in the fourth quarter of 2022. However, while market conditions remained tight enough to support very strong rent growth, there was more balance in the rental marketplace compared to the same period a year earlier in 2021. Read the full News Release Read the Full Report