It continues to get more difficult for people and families looking to rent a condo apartment in the Greater Toronto Area. The Toronto Real Estate Board’s quarterly rental market report shows a significant increase in monthly rent.
The Canada Mortgage and Housing Corporation released its quarterly Housing Market Assessment, reporting that on a national level, the country’s major housing markets are still highly vulnerable, though overvaluation is easing.
Industry leaders are calling on the Ford government to take action to implement solutions to make it easier and more efficient to bring much-needed housing supply to market. The goal is to improve housing affordability specifically for millennials.