If you’re looking to find a rental in Toronto prepare for record-high prices.
“There’s lots of buildings available to rent near Lakeshore and Bathurst right now and they are reasonable,” he said. Sharing a condo with a roommate or partner is also a way to shoulder the cost. The average rent for a two-bedroom condo in Toronto is $2,979, according to TRREB. Another possible solution to the runaway rental market is to find a unit in a duplex for rent. “I found my one bedroom on the main floor of a duplex home last year for $1,875. That cost includes my utilities and parking,” she said.
Nugent found her unit on Facebook Market Place, a site where landlords have been directly listing their properties. In the past, she found success with Facebook groups, as well as Kijiji. Alternatively, he advised to look for a deal in the rental market during the winter months as less people are inclined to move.
“In a crowded rental market where people are also fighting inflation, prospective renters don’t outbid each other because of limited capital. Now, its mainly coming down to the landlord’s assessment of you,” he said.
Is anyone investigating the sub letting for profit scheme?
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Source: TheTorontoSun - 🏆 23. / 68 Read more »