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The Results We've been Waiting For ! 2011 Rental Market Report is Complete!!

The Goodnews Landlords Are Waiting To Hear: 

• The Vacancy Rate for GTA apartments is on the decline in Etobicoke, York City, Toronto, East York, York Region, Mississauga, Brampton, and North York
• The Average Rent for apartments has increased by 1.8% 
• Rental Market Conditions will hold firm in 2012 
• Rising Population of Younger Households 

Why is the Rental Market So Strong?? 

Younger Occupants:  Nearly 50% of all immigrants over the age of 25 that immigrate to Canada are still under the age of 35 and are occupying the Rental Market. Children of the Baby Boomers are now reaching their 20 and 30s and are occupying the GTA rental units. 

Improved Employment:  Real GDP finally reached productivity levels from before the recession. Now that the demands for goods and services are up, more full and part time jobs are available, allowing young adults to move into Rental Properties. 

Decline of First Time Buyers:  A raise in financial requirements has increased the appeal in rental units. Fewer houses are being offered for sale, resulting in competition between buyers and biding wars.  

Strong Demand for Central Locations: Nearly half of all condo rentals are in the central part of Toronto, near raising employment locations.

 Brought to us by the Canada Mortgage and Housing Corporation

Posted: Wednesday, December 14, 2011 2:26 PM by Sutton Realty

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