this post was submitted on 03 May 2024
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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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[–] Son_of_dad@lemmy.world 6 points 6 months ago (1 children)

Lol any reports of rent prices going down in this city are a lie. Any stories of a landlord adjusting their rent to charge a tenant less is fantasy. The housing market goes up, we pay higher rent, the market goes down we pay higher rent. Economy good? Higher rent. Economy bad? Higher rent.

Nobody passes on the savings, nobody is getting cheaper rent

[–] applepie@kbin.social 3 points 6 months ago

Rent is like wage... You ain't getting better deal unless you change situation and negotiate on the front end.

Until every pleb gets this point, rents ain't going down and wages ain't gong up.