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Toronto area condo market rents drop the most in 15 years (financialpost.com)

submitted 6 months ago by lautan@lemmy.ca to c/canada@lemmy.ca

7 comments fedilink hide all child comments

Toronto and area condo market rents recorded a major downturn marked by the largest six-month drop in prices in the past 15 years. Read on.

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[–] LNRDrone@sopuli.xyz 14 points 6 months ago (1 children)

What a bullshit article. Basically it's looking at average condo rent prices and average is down slightly because more new cheaper end condos were built.

[–] Nouveau_Burnswick@lemmy.world 9 points 6 months ago (1 children)

Yay! More supply!

[–] AnxiousOtter@lemmy.world 2 points 6 months ago (2 children)

Drop in the bucket. The article even mentions that this won't last and prices will bounce back up.

[–] kent_eh@lemmy.ca 3 points 6 months ago

Don't let "perfect" stand in the way of "better".

[–] Nouveau_Burnswick@lemmy.world 1 points 6 months ago

It says they will bounce back up because supply isn't keeping up.