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July 16 · 2021Project Digest


Project Headlines # 25 // July 8-July 15, 2021

Frank Farhangi

Project Headlines Digest by Frank Farhangi __ Call or text +1-647-296-5489 for more information. – July 8-July 15, 2021

The number of new condominium apartment rental transactions in Q2 2021 was more than double the number reported in Q2 2020. The number of rentals was also up compared to Q1 2021 by 13.3 per cent. Growth in Rental transactions also outstripped growth in the number of units listed, both on a year-over year and quarter-over quarter basis. (Source: Toronto Regional Real Estate Board MLS Data Rental Market Report).

It appears that the rental condominium market segment has officially rebounded from the lows experienced during Covid. Should the current trend continue, rental rates are expected to begin to increase again towards pre-pandemic levels.

A few notable projects featured in this week’s digest include:

  • New Kleinburg
  • Forest Hill Private Residences
  • NY Walk Townhomes
  • House of Assembly
  • The Brix
  • The Dupont
  • The Vincent
  • West Line
  • Fieldhouse EcoUrban Towns
  • arte Residences

Get information on these and other new properties in the project digest document. I suggest you view the document at 200% zoom for improved readability because there is so much information in the digest.

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Let’s go get it!

Frank


YourCondo.TV is presented by Frank Farhangi, Broker Sotheby’s International Realty Canada, Brokerage.

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