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Toronto is the only major Canadian city where 'rental burden' is easing

If you couldn't tell by all of the rent incentives and declining monthly rates, tenants in Ontario are breathing a little easier lately as the market cools down, especially in Toronto.Condos in particular are no longer the boon to investors that they once were, and it seems that the downturn of the city's real estate market is translating over to rentals, too, with ample supply, far less fervent demand and other factors continuing to push prices lower pretty much across the board.Multiple reports have outlined how the cost of an ordinary unit in the 6ix (and other parts of the region) has gradually decreased, most recently to $2,618 — marking a 3.3 per cent drop from this time last year — according to the most recent numbers from Urbanation and Rentals.ca.The two firms crunch the numbers each month in their joint National Rent Report, and the recently released September edition bolsters a point that other authorities have recently made: that&n...


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