The common lease for a one-bedroom apartment within the Toronto area has surpassed $2,000 for the primary time, hitting $2,056 within the third quarter of the 12 months, in keeping with market analysis agency Urbanation.

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President Shaun Hildebrand stated he expects rents to reasonable going into 2019 as extra residences and condos grow to be accessible. However within the short-term the demand from a rising inhabitants and customers shut out of the house possession market proceed to outstrip the availability for leases and push up the…

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