Warden - Hwy 7

2 Bedrooms 2 Baths

$1600

Request for Appt

Don Mills-Eglinton

3 Bedrooms 2 baths

$2250

Bathurst - Sheppard

2+1 Bedrooms

$1850

Keele - York University

Leased

Yonge - Finch

Leasede

RENTAL UPDATE

RENTAL TRANSACTIONS UP 18 PER CENT

For the January to April 2011 period, TREB Members reported 5,079 lease transactions for condominium apartments and townhomes. This result was up 18 per cent from 4,319 lease transactions reported during the same time-period
in 2010. The number of rental units listed on the TorontoMLS® rose 10 per cent to 9,374 units.

The increase in listings reflects the high level of condominium apartment completions over the past year. Some investors chose to lease their units upon completion. With the number of transactions rising at a greater rate than the number of units available for rent, rental market conditions tightened. Average rental rates were up in comparison to last year. One-bedroom apartments rented for an average of $1,485 per month, up 1.5 per cent year-over-year. Two-bedroom apartment units rented for an average of $1,958 per month – up 2.5 per cent compared to the first four months of 2010. Central Area

• In TREB’s Central districts, Members reported lease transactions for 1,846 one-bedroom and 1,166 two bedroom apartments. One-bedroom apartments leased for an average of $1,547 per month, representing a 1.2 per cent increase compared to last year.

Two-bedroom apartments leased for an average of $2,188 per month – up 1.9 percent from 2010.

• There were 74 townhouse rentals in the Central districts. The most popular rentals were two-bedroom units that rented for an average of $2,028 per month – an 8.4 per cent decrease from 2010. [...]