How supercharged rents are crushing Canadians
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Rent Controlled Buildings - Can Rents Rise?
How high can rents go in Toronto? So long as income's rents will rise as well. But naturally rents can reach a point where they hit some resistance levels because they've risen much faster than incomes. We started to see this resistance begin to happen in 2019 prior to the pandemic after a very strong run up for rents in 2016, 2018. One metric I like to look at is the comparative cost of renting and owning the same size condo unit. And what that shows is that the cost gap for owning has risen to a record high of $750 a month,. meaning it's $750 more to own than to rent the same unit.
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