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Inventory of Toronto condos and lofts in the downtown core is shrinking, and rental rates are going up. Specifically, chances of finding a decent condo for rent under $1300/mo. are slim. For now, I am still at the opinion that careful buying is a reasonable option.
Here is an MLS counts I ran on September 26th, 2007 for the areas of C1 (downtown West) and C8 (downtown East):
# of Rentals by Price Range
$1100 – $1300: 6
$1300 – $1500: 36
$1500 – $1800: 79
$ Average by Price Range
$1100 – $1300: $1290
$1300 – $1500: $1440
$1500 – $1800: $1633
# Average Bedroom/#Bathrooms by Price Range
$1100 – $1300: 1/1
$1300 – $1500: 1.1/1
$1500 – $1800: 1.1/1.2
Buyers, Seller, Investors or just wondering call Yossi Kaplan at 416.441.2888 x678 email UrbanRealtyToronto@gmail.com
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