New figures out this week show that the exodus out of Toronto’s city core continues.
The vacancy rate of rental apartment buildings built in the City of Toronto since 2005 shot up to a 50-year high of 5.7% in the fourth quarter of 2020, from 1.1% the year before,Average rents in the city for these apartments have fallen 10% to $2,337 from the year before. As well as lower rents, most rental buildings Urbanation surveyed are offering incentives to attract new tenants, some up to two months’ free.
Really? Huh
Who wants to live in Toronto? A once beautiful city destroyed by a pandering mayor.
Quite a surprise during a global pandemic...
Toronto has turned into a cesspool so no wonder.
kuku27 Matter of demand and supply, add situation
Toronto is a ghetto.
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