Average Rents for Studios & One Bedrooms Soaring
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No need to ask the question as to why investors love condos as investments, you just need to look at the year over year statistics on the condo rental market. Over the last year, studios rose 8.2% in price and one bedrooms rose 4.3% in price. The average studio is the GTA now rents for $1359/month and the average one bedroom now rents for $1626/month.
Of course, this all bodes well for Toronto’s continued success as a choice for investors to buy real estate, specifically condominiums.