Toronto condo renters play their strong hand
Tenants appear to still have the upper hand in Canada’s biggest rental market as Toronto’s condominium developers continue to add more newly completed apartments to the mix.
“Tenants are moving from their higher-priced units they acquired last year, if they see the same unit they can get for $100-$200 less on the same floor,” said Oyla Walker, a realtor with Chestnut Park Real Estate Ltd. “There’s a lot of that kind of unit jumping.” Ms. Walker specializes in condo rentals and closes about a dozen leases a month.
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