Weak condo market in downtown Toronto leads to dip in rental rates, increased vacancy
In a country where rental affordability and vacancy rates got worse throughout 2023, how did rents fall and vacancy rates go up in the most expensive parts of downtown Toronto?
“Trust me when I tell you I’ve never experienced vacant units,” said Sundeep Bahl, a Toronto realtor with Re/Max Plus City Team, who specializes in buying and selling investor-owned condominiums and also provides his own property management services.
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