Todor  Todorov

Todor Todorov

Broker

Right at Home Realty Inc., Brokerage*

Mobile:
416-837-7634
Office:
905-565-9200
Email Me
Hire a top class real estate agent who will invest in your future

Population keep rising resulting to house and condo demand

The Firm Capital report cited RBC Economics data that said the Toronto census metropolitan area (CMA) needs 9,100 more vacant units to reach a “healthy” vacancy level of three per cent.

The RBC report also said the Toronto CMA needs 22,000 new rental apartments and rented condominium apartments per year to satisfy demand between 2019 and 2023.

“Even if we anticipate that 70 per cent of all new condos are rented, and we have 4,000 new purpose-built rental apartments in the GTA every year, we still wouldn’t hit that 22,000-unit mark,” Myers told RENX.

“We’re not even hitting the rented units we need, so we’re not coming close to eating into that 9,100-unit shortfall in the marketplace.”

This means rents will continue to rise, according to Myers, even though purpose-built rental apartment construction is on the rise and 2021 is expected to be a big year for condo completions in the Greater Toronto Area.

Comments

jacobharry015

Lottovip as a result of the web site can collect the knowledge all right. However, if you are not certain, you'll be able to raise the administrator for the service เลขเด็ดงวดนี้, absolute to be as safe as having cash within the bank. Relating to the services and systems of the web site, you'll be able to be assured that there are a unit enhancements and enhancements.

rockboult

I don’t suppose many of websites give this kind of information.
https://bettingsitesonline.in

rockboult

That’s a nice site you people are carrying out there.
https://bettingsitesonline.in

Collaboratively administrate

Collaboratively administrate strengthened รับเหมางานระบบ marketplaces via plug-and-perform systems. Dynamically procrastinate B2C end users after mounted benefits.

Have Questions?

By submitting this form, you are providing express consent to receive commercial electronic messages from www.todorhomes.com. You may unsubscribe at any time.