By Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
Toronto Condo Rentals The number of units rented across the Greater Toronto Area in 2014 increased by 15% over the previous year, according to the Market Research firm Urbanation. New rental units that are becoming available, from the release of keys to buyers in the newly completed condo buildings are much smaller in size than the older buildings and so, although the rental rates are higher, they have not increased much, only about 1% over the 2013 rates. In my experience, I find that young people moving to Toronto, to live and work, prefer newer buildings, and are not too concerned about the smaller size, especially the kitchens. I guess it is because they do not spend too much time cooking!