Rental prices in Toronto hit a record high in the second quarter of this year. A realtor shares his advice for those looking to get into the market and find a cheaper than average rental.
If you’re looking to find a rental in Toronto prepare for record-high prices.
“There’s lots of buildings available to rent near Lakeshore and Bathurst right now and they are reasonable,” he said. Sharing a condo with a roommate or partner is also a way to shoulder the cost. The average rent for a two-bedroom condo in Toronto is $2,979, according to TRREB. Another possible solution to the runaway rental market is to find a unit in a duplex for rent. “I found my one bedroom on the main floor of a duplex home last year for $1,875. That cost includes my utilities and parking,” she said.
Nugent found her unit on Facebook Market Place, a site where landlords have been directly listing their properties. In the past, she found success with Facebook groups, as well as Kijiji. Alternatively, he advised to look for a deal in the rental market during the winter months as less people are inclined to move.
“In a crowded rental market where people are also fighting inflation, prospective renters don’t outbid each other because of limited capital. Now, its mainly coming down to the landlord’s assessment of you,” he said.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Put pot proceeds into affordable rental housing, drug rehab: Toronto council candidateThe Ontario government should direct half of its cannabis revenues into building affordable rental housing and drug rehab centres in cities.
اقرأ أكثر »
Rental apartment construction slumps in Toronto as building costs riseIn Toronto, developers have less incentive to put up purpose-built rental buildings because demand is so high from investors seeking to buy preconstruction condos
اقرأ أكثر »
Man charged in Victoria rental scam arrested again after landlord claims he refused to pay rentA man accused of duping at least 10 victims in a Victoria rental scam has been arrested again for alleged fraud after police say he moved into a James Bay apartment and refused to pay rent.
اقرأ أكثر »
Vancouver Island woman to build unique 'Goat House' rental with funding from AirbnbA Vancouver Island woman is just one of 100 people from around the world to receive funding to help build a unique rental home. The funding comes from Airbnb's $10-million 'OMG! Fund,' which is providing 100 winners with up to US$100,000 to help get their projects off the ground and open by summer 2023.
اقرأ أكثر »
High-profile fraud suspect arrested in VictoriaA man who is believed to be connected to a series of sophisticated rental fraud incidents in Greater Victoria was arrested again on Sunday, according to VicPD. In late September, Victoria police issued a warning about two men who were arrested for their alleged involvement in several complex rental scams, including one man who was suspected of being involved in at least nine similar incidents in Greater Victoria.
اقرأ أكثر »