Real Estate News

Elevated immigration fuels GTA rental market

Image by katyveldhorst from Pixabay

A strong GTA rental market fuelled by favourable demographics lifted transaction velocity 8 per cent over the four quar­ters ending at mid-year 2019, according to a new report from Marcus & Millichap Real Estate Investment Services.

Citing widespread buyer activity and elevated interest in the areas of Etobicoke, York and Scarborough, the new report signals that only more good things are in the forecast for the back half of 2019.

“Due to the continued increase in home ownership values and the fact the market has priced out a lot of otherwise able purchasers, people have looked to renting as a necessity,” says Mark Paterson, Vice President and Regional Manager at Marcus & Millichap’s Toronto office. “This leads to increased demand in the rental market. ”

Continue to read on: REMI Network

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