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Toronto’s red hot rental market is driving some to… socialism?

Toronto’s red hot rental market is driving some to… socialism?

Though home sales have fallen in the largest Canadian city, the rental market is hitting a 25-year high with about 7,200 units under construction at the end of 2017 and more than 33,000 units proposed by developers. Bloomberg reports Toronto’s condo sales market saw “double-digit growth,” edging out prospective buyers into the rental market, which in turn pushed up monthly rents by more than 9 percent. In combination with an all-time low vacancy rate of […]


Source: realdeal

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