|Pier 27 Condos Queens Quay Toronto|
The Toronto Condo boom showed no signs of slowing down in 2014 as the number of Condos rented out, increased by 15% year-over-year.
According to a leading Condo Market research firm, 22,765 Condos were rented out on the Toronto Real Estate MLS system in Toronto and Area.
Surprisingly the large demand for Condo rentals is increasing rental prices, now renting for an average $2.29 per square foot, an increase of about 1% but much lower than the average 4% per year increase since 2010.
The average size of a Toronto Condo rental is also shrinking by 1.5% or 12 square feet for an average Condo size of 761 square feet.
Pictured above: Pier 27 Condos For sale/rent.
Iris Li, Re/Max Condos Toronto Realtor specializes in Toronto Downtown Condo Listings both new and resale.
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