Sunday, February 15, 2015

Toronto condo rentals increase 15% in 2014

Published Jan 12, 2015 9:43 AM ET
CBC News

Toronto condo rentals increase 15% in 2014

Average unit size shrank to 761 square feet at the end of last year

Toronto's condo boom showed no signs of slowing in 2014, as the number of units rented last year across the GTA increased by 15 per cent from the previous year's level, market research firm Urbanation said Monday.

According to the company, 22,765 condos were rented out across the city via the MLS website — and that figure doesn't include rentals that are arranged privately or through websites such as Craigslist and Kijiji.

The yearly figure is up by 15 per cent from 2013's level, but it's well over twice the level seen as recently as 2010, when there were only about 10,000 condos rented in the city.

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