Looks like buying might be a better option for many people.
As per Canadian Real Estate Wealth magazine article:
Condominium rents in the Greater Toronto Area have continued surging.
According to Urbanation, during the third quarter of 2018, condo rents grew 9.4% year-over-year, hitting $3.26 per square foot, while monthly rents rose 7.6% annually, reaching $2,385. The average unit during the third quarter declined from 744 square feet to 731.
If you decide buying is the best option for you contact us.
We have special relationships with many major Builders within GTA and we participate in the first hand VIP Condo Sales. Buying a new Condo Suite can be complicated and experienced REALTOR®’s advice might be very helpful. We can help you receive a better deal, better terms and explain a specific process of buying directly from Builder and signing pages in a lengthy Builder’s Purchase Agreement. The procedure is different than buying the resale home or condo and you really need the realtor on your side. For investors we offer our Full Rental Service, to take the complex rental Tenant/Landlord process off your mind.