Landlords Feel Pressure as Toronto Rental Rates Projected to Drop

Landlords Feel Pressure as Toronto Rental Rates Projected to Drop

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►► There's currently some huge rental market pressure in the Toronto Real Estate Market right now as Toronto Rental Rates are getting squeezed. This pressure hasn't been around since the pandemic and it could get to a boiling point where landlords may need to provide temporary rent reductions.

We haven't seen this many rental units available in the Greater Toronto Area Condo Market in a decade. Toronto Rental Rates are projected to drop again, while immigration growth also slows down. So does this spell disaster for real estate investors in the Toronto Condo Market? Be sure to tune into this episode of Prime Properties TV to hear all about the pressure that Toronto landlords are feeling right now as rental rates drop!

#TorontoRealEstate #TorontoCondoMarket #TorontoRealEstateMarket

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