EVER THOUGHT OF BUYING A SECOND PROPERTY?

Guess what – the rental market in Toronto is also hot!

Despite rising house prices – with the historically low interest rates and rising rents it can make it worthwhile investing in the right property. Call me if you want to find out more.

The following data compares the average rent from the 4th Quarter of 2016 to the average rent of the 4th Quarter of 2015 for condominium apartment rents:

Bachelor Apartments
$1,512 (up 12.0% from $1,350 in 2015)
1 Bedroom Apartments
$1,776 (up 7.4% from $1,653 in 2015)
2 Bedroom Apartments
$2,415 (up 8.0% from $2,236 in 2015)
3 Bedroom Apartments
$3,283 (up 15.9% from $2,833 in 2015)
(Source: Toronto Real Estate Board)