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MLS-Rental Market Report

Toronto Real Estate Board-
"From September through December 2009, TREB Members reported 3,859 lease transactions for condo apartments and Townhouses through the Multiple Listing Service (MLS) - Up 12 percent from the 3,433 recorded during the same time in 2008. Condo Apartment transactions, which account for over 90 % of the total, were also up 12 %.
The weighted average rent across all apartment types and all TREB districts for the last four months of 2009 was $1,667 - in line with the 2008 weighted average of $1,672. This reflected the fact that average rents for the two most popular apartment categories moved in opposite directions, with one percent decrease for one bedroom apstments and one percent increase for two bedroom apartments. At district level, rent changes were quite mixed, in some cases changing at rates above or below the GTA average."

For a complete report, email me at jawalker@trebnet.com. I would be happy to send it off to you.

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