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Rental market in GTA picking up pace for autumn

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The volume and YoY avg price of houses renting between $2,500-$10K in central Toronto remained unchanged, but the renting properties ↑ 23% YoY. The freeholds rented in the downtown area ↑ 46% YoY, the majority of which were basement apartments, filling a void in the lower end of the rental market. Rental transactions' growth outstripped the listed units' growth, and condo apartment rental transactions >2 times YoY in Q2. Strong demand for rental accommodation, increases in avg rents, and rebound in rental activity and prices will continue into next year.

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