👉For the first time since 2021, Toronto condo rents have declined, dropping by 1.2% in the second quarter compared to the previous year. This decrease is attributed to a surge in rental listings, which rose by 47% due to an increase in condo completions. The influx of listings has provided some relief to renters, though condo investors face significant losses, with average monthly shortfalls nearing C$600. Despite the Bank of Canada’s interest rate cuts, high boring costs continue to challenge the market. The dip in condo rents contrasts with the still-high rents for purpose-built rental apartments.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #TorontoRentals #CondoMarket #RentalRelief #RealEstateTrends #TorontoHousing #CondoRents #RentalMarket #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Rental rates in Halifax are climbing faster than the national average, with a one-bedroom apartment costing $2,050, a 10% increase from last year, and two-bedroom units rising 18.2% to $2,669. Despite record housing developments, the city's 1% vacancy rate and strong interprovincial migration are driving demand. Students like Shamar Bennett are shocked by the high prices, paying $1,200 each for a room. While the national rent growth has slowed, Halifax continues to face significant pressure due to its growing population. The Halifax Regional Municipality needs to build 7,000 new units annually to meet demand.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . . #HalifaxHousingCrisis #RisingRents #StudentStruggles #RentalMarket #HousingDemand #NovaScotia #ApartmentHunt #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉On Quebec’s traditional moving day, many renters are struggling to find new homes. Mario Lortie, forced out of his apartment after 27 years due to new landlords, has nowhere to go. Lortie, living on welfare, turned to a community organization and now has a temporary stay in a downtown hotel. Housing advocates highlight Montreal’s rising rents and decreasing availability, affecting many residents. As of Monday, nearly 1,300 households in Quebec sought government help for housing. Rising rents and declining vacancy rates are transforming Montreal, once a haven for affordable living, into a city facing a severe housing crisis.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #QuebecHousingCrisis #MontrealRenters #AffordableHousing #MovingDay #HousingAdvocacy #Gentrification #RentalMarket #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉In British Columbia, securing a rental has become a daunting task, with Metro Vancouver witnessing Canada's highest rents. Housing experts note a fierce competition among renters, especially in areas like Vancouver and Burnaby, where costs are soaring. Eviction threats are common, often leading to doubling of rents by landlords. Desperate renters resort to selling themselves to landlords, highlighting personal qualities beyond rental history and credit scores. Young families are particularly affected, with rental costs skyrocketing by 21% across Canada since 2022, reaching an average of $2,653 for a one-bedroom unit in Vancouver in February.✅ . 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐋𝐚𝐰 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐋𝐚𝐰 𝐂𝐫𝐢𝐦𝐢𝐧𝐚𝐥 𝐋𝐚𝐰 𝐒𝐢𝐦𝐦𝐢 𝐂𝐡𝐚𝐜𝐤𝐨 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐚𝐥 𝐋𝐚𝐰𝐲𝐞𝐫, 𝐂𝐡𝐚𝐜𝐤𝐨 𝐋𝐚𝐰 📲+𝟏 𝟒𝟏𝟔-𝟓𝟎𝟗-𝟗𝟓𝟎𝟖 📧𝐬𝐢𝐦𝐦𝐢@𝐜𝐡𝐚𝐜𝐤𝐨𝐥𝐚𝐰.𝐜𝐚 @chackolaw.ca . . #Rentals #HousingCrisis #TenantStruggles #RentalMarket #LandlordTenant #AffordableHousing #BCRealEstate #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's average annual rent inflation rate has surged to a nine-month high, according to a study by Rentals.ca. The report highlights a concerning trend in the Canadian rental market, with rents showing consistent upward momentum. As housing costs continue to soar, this news underscores the challenges faced by renters in the country, emphasizing the pressing need for affordable housing solutions.✅ . . #RentInflation #CanadianHousing #RentalMarket #AffordableHousing #HousingCosts #RentalsCA #HousingChallenges #mnm #malayalisnearmeapp #canadaupdate #canadanews

Finding the perfect rental in Ontario can be challenging, especially when it comes to affordability. But don't worry, we are here to help! Check out our list of the latest average rental costs across the province and find the right home within your budget Download our app now and make your rental search a breeze! ln.thecanadianhome.com/FutureOfRealEstate #OntarioRentals #AffordableHousing #RentalMarket #RentingInOntario #HousingOptions #OntarioHomes #RentAffordability #HomeSearch #RentalCosts #BudgetFriendlyHomes #TheCanadianHome