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: Real Estate

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