{"id":4861,"date":"2018-04-11T13:35:20","date_gmt":"2018-04-11T17:35:20","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=f616da081a6e1d6d95c296cbc8938612"},"modified":"2018-04-11T13:35:20","modified_gmt":"2018-04-11T17:35:20","slug":"urbanation-report-says-condo-rents-in-toronto-up-11-per-cent-from-year-ago","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/11\/urbanation-report-says-condo-rents-in-toronto-up-11-per-cent-from-year-ago\/","title":{"rendered":"Urbanation report says condo rents in Toronto up 11 per cent from year ago"},"content":{"rendered":"<p>TORONTO &#8212; A new report suggests the average monthly rent for a condominium in Toronto in the first quarter was up nearly 11 per cent compared with a year ago.<\/p>\n<p>Urbanation Inc. says average monthly rates increased to $2,206 based on average unit size of 740 square feet.<\/p>\n<p>The increase came as the rental market saw a low amount of new supply, with the number of newly completed condo projects hitting their lowest level in more than eight years.<\/p>\n<p>Recently introduced tougher mortgage rules, which have driven some potential homebuyers to sit out of the market, have also made the rental market more competitive.<\/p>\n<p>Urbanation noted the income required to purchase the average priced resale condo in the Greater Toronto Area increased to $100,000, up from $77,000 a year earlier, due in part to the change in lending rules this year.<\/p>\n<p>The estimate is based on the $558,000 average condo resale price and a 20 per cent down payment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO &mdash; A new report suggests the average monthly rent for a condominium in Toronto in the first quarter was up nearly 11 per cent compared with a year ago. Urbanation Inc. says average monthly rates increased to $2,206 based on average unit size of 740 square feet. The increase came as the rental market [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/4861"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=4861"}],"version-history":[{"count":3,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/4861\/revisions"}],"predecessor-version":[{"id":4865,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/4861\/revisions\/4865"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=4861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=4861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=4861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}