Rental prices have slowed down in Toronto (plus vacancy rates in 2019)

This video explains an interesting cooling off of the rental market we’ve experienced this year. Tenants can rejoice because they are getting the break they’ve wanted for quite some time. Vacancy rates are growing and rent rates have slowed significantly. The biggest reason is the surge in purpose built rental apartments across the GTA.

You can thank the removal of rent control and government loans being offered to developers. This video shares why they are opting to invest in the long term rental space instead of simply flipping condos like they’ve done in the last few years. Let us know if you’re happy about this trend or not… and why!