The cost of rent in downtown Toronto is now cheaper than elsewhere in the GTA
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Last year was an understandably strange one for Toronto real estate, with home prices continuing to skyrocket despite the pandemic while rent prices did the exact opposite.
The two markets saw vastly different trends in 2020, with high demand and competition leading to bonkers sales volumes in the housing market, and a glut of former Airbnbs coming onto the long-term rental market and lowering average prices so much so that it s actually more expensive to be a tenant in other parts of the GTA than it is in Toronto proper right now.
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