👉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

👉Humber College students in Toronto are making a remarkable impact by addressing the housing shortage while fostering heartwarming connections with seniors. In an inspiring initiative, these students are bridging generational gaps through compassion and innovative solutions. Motivated by a shared desire to combat the loneliness exacerbated by the pandemic, Humber's students are dedicating their time to building deep relationships with elderly residents in local retirement homes. These interactions provide companionship and support to seniors while also offering valuable life lessons to the students. Simultaneously, these compassionate students are actively seeking ways to address the housing crisis. By connecting seniors in need with available housing options, they are contributing to alleviating housing shortages in their community. This initiative showcases the power of empathy and community engagement, demonstrating that small acts of kindness can lead to significant positive change while simultaneously addressing pressing societal challenges.✅ . . #StudentSeniorsHousing #HumberCares #TorontoHousing #CommunityPartnership #HousingInnovation #SeniorsSupport #StudentHousing #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Tenants in a Toronto apartment complex are opposing a proposed above-guideline rent increase, claiming it partially funds a redevelopment-related environmental assessment. Amy Nyp, a long-time tenant, argues it’s unfair for renters to cover costs unrelated to their living needs. The landlord, QMW Corporation, applied for the increase, stating the funds are intended for property upgrades benefiting tenants. However, tenants and the York South-Weston Tenants Union contend the expenses don’t qualify under Ontario’s Residential Tenancy Act. The union's co-chair, Chiara Padovoni, criticized the move as a violation of tenant rights. Ontario's rent guideline for 2024 is set at 2.5%.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #TorontoHousing #TenantRights #RentControl #AffordableHousing #TorontoNews #RealEstate #AGIRentHike #mnm #malayalisnearmeapp #canadaupdate #canadanews