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Page 18 - டொராண்டோ பிராந்திய ரியல் எஸ்டேட் பலகை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Toronto sees record number of rental transactions in first few months of 2021

Toronto sees record number of rental transactions in first few months of 2021 Stay in the loop Sign up for our free email newsletter. Unsubscribe anytime or contact us for details. Toronto s rental market is still reeling from the effects of the COVID-19 pandemic more than a year after it first hit, with average condominium apartment rent prices down significantly in Q1 of 2021 from the same period last year.  But while rent prices have not yet bounced back to pre-pandemic levels  which isn t exactly a bad thing for Toronto tenants notable growth in the number of rental transactions suggests market conditions could be tightening once again.

Baby boomers are bailing out Toronto s condo market with huge gifts for their kids

Baby boomers are bailing out Toronto s condo market with huge gifts for their kids Stay in the loop Sign up for our free email newsletter. Unsubscribe anytime or contact us for details. The downtown Toronto condo market continues to bounce back with a vengeance following a full year of steady, pandemic-induced declines, and one of the key drivers behind this trend may surprise you. Or not. Apparently, realtors have seen loads of parents purchasing properties for their dear children in recent months specifically retiring boomer parents and their sponging millennial spawn. Ontario s baby boomers are selling their (typically larger) homes to help their kids break into the housing market, reads a new report from the real estate listing and analysis firm Strata, which attributes rising downtown condo values to family decisions.

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