I work with investors looking to rent out condo's and tenants looking for great places to live. Popular areas are the Downtown Toronto area, as well as the Etobicoke waterfront and along the subway line on the west-side of the city. The Toronto Real Estate Board has just released their 2008 January-April Rental Report.
In summary it says that in downtown Toronto (C01):
562 1-bedroom condo's rented for an average of $1,557
241 2-bedroom condo's rented for an average of $2,320
241 2-bedroom condo's rented for an average of $2,320
Rental prices in downtown Toronto are up between 5% to 6% from a year ago.
