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STOREYS Daily - Jan 31 '23

STOREYS Daily - Jan 31 '23

"The average rent for a bachelor condo apartment in the Greater Toronto Area hit $2,072 in Q4 2022, an annual increase of more than 20%. The staggering jump, driven in part by sidelined buyers and a growing population, underscores the need to increase housing supply across the region."

Zoe Demarco, STOREYS Staff Writer

GTA Condo Prices Held Steady in Q4 As Rents Rose 20% Annually

While home prices across the Greater Toronto Area continued their downward descent in the fourth quarter of 2022, prices of condominium apartments in the region remained resilient.

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