Toronto rental market could see major rebound this fall

“As Toronto’s rental market continues inching toward a recovery after bottoming out earlier this year, a big boost in tenant demand could be on the horizon during the fall months.

The average rent price across all rental property types in the Toronto region rose on a monthly basis in May, according to the latest data and commentary from Rentals.ca. Prices for Toronto condo and apartment rentals were up 1.5 percent in May over the previous month, hinting that interest in the city’s downtown core is returning.”

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