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Here is some interesting updates on Rental transactions in Toronto.
According to TREB, average rent across all apartment types in the last quarter of 2009 was $1,667. There was a 1% decrease for one-bedroom apartments and a 1% increase for two bedroom apartments. The increase in home ownership has increased the available supply of condominiums from 0.4% to 0.8% between 2008-09.
Central Toronto
Central area led the condo rental market with 2,167 unit leased in last quarter of 2009. With average rent of $1,540 per month for one-bedroom and $2,174 for two bedrooms.
West Districts
This area remains second most active market with 737 units leased in the last quarter. One-bedroom rented for $1,296 per month and two bedroom unites rented for an average of $1,640 per month.
East Districts
276 units were leased in the last quarter of 2009. One-bedroom rented for $1,259 per month and two-bedrooms for $1,501 per month.
North Districts
346 were leased in the last quarter of 2009. One-bedroom rented for $1,318 per month and two-bedrooms for 1,703 per month. Rents on average dropped by 3% for one-bedroom and 2% for two-bedroom from last year.
Toronto Condominiums
