Strong Rental Demand and Lack of Supply Driving up Rents

Double-digit year-over-year rent increases continued to be the norm in Q3 2022. With many would-be

October 27, 2022

Double-digit year-over-year rent increases continued to be the norm in Q3 2022. With many would-be first-time buyers temporarily on the sidelines in the Greater Toronto Area (GTA) due to higher borrowing costs, rental demand has remained strong in the face of falling supply. Competition for condo rentals has intensified as a result, and negotiated rents have increased dramatically. Read the full News Release Read the Full Report