Posted by: torontocondo | January 21, 2013

Toronto Condos Rental Report Fourth Quarter 2012

Lumiere Condos Bay/College Toronto

Lumiere Condos Bay/College Toronto

Toronto Condos For Rent Average Price

Toronto area Realtors(R) reported 3,648 Condo apartment transactions in the fourth quarter of 2012.

Toronto Condos offer modern finishes with the latest kitchens and bathrooms along with great locations, especially in the Toronto downtown area. Just imagine a short walk to work, a short walk to major sports venues like the Air Canada Centre, and  The Rogers Centre.

What size of Toronto Condos increased in 2012.

  • The average one-bedroom Toronto Condo rental was up by four per cent to $1,626
  • The average two-bedroom Toronto Condo rental was up by two per cent to $2,088

As new Toronto Condos come on to the market, they commands a higher rental price especially in the downtown demand area and thus bring up the averages from older units on the market.

For example I have rented out a luxury new two bedroom Condo in the Bay and College area for $2,900 a month just recently.

Iris Li is a ReMax Toronto Realtor specializing in new and resale Toronto Condos.

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