top of page
Search
  • Demitry Omrin
    • Jul 5, 2022
    • 1 min read

TORONTO RENTAL MARKET SHIFT

The mortgage qualification rule changes that took effect January 1, 2018 converted many potential buyers into renters since they no longer sufficiently qualified for mortgage financing. This drove up rental value in Toronto. COVID however has changed this dynamic. Short-term or AirBNB rentals are now hitting the Toronto rental market due to restrictions stemming from COVID. This has resulted in more choice for prospective tenants. Rental value and market value of condo apartments in Toronto are down. A relatively minor correction is not unwarranted. However many owners rode the rental "wave" and invested in multiple units so there is potential for some investors to sell of assets. Always think long term and hedge against risk responsibly otherwise the upfront returns are paid back when policy or market dynamics change. #recg #stresstest #realestatevaluation #torontorentals



1 view0 comments

Recent Posts

See All

RE-INVENTING HUMAN INTERACTION

An old address has been re-configured for the new era. 10 Dundas Street East in downtown Toronto has been completely overhauled. Everything from one of the largest digital billboards in the country to

SIGNS OF NORMALIZATION

Office workers at Google are apparently venturing back into the office despite the OMICRON variant. I see this as a sign that people are coming to terms with the fact that the answer to dealing with C

RECENT SENTIMENT ON OFFICE WORK

Employee's are now apparently including the flexibility to work remotely as a health benefit according to a recent survey. During the onset of the pandemic I felt that there was too much uncertainty o

bottom of page