TORONTO, ONTARIO, October 24, 2016 – TREB President Larry Cerqua announced that the number of lease agreements signed for condominium apartments listed on TREB’s MLS® System was down by 4.8 per cent on a year-over-year basis to 9,164 in the third quarter of 2016 compared to 9,629 a year earlier.
Over the same period, the number of condominium apartments listed for rent was down by a greater annual rate of 17.3 per cent. “Demand remains very strong for condominium apartments in the Greater Toronto Area. The key issue in the third quarter was the fact that there was a pronounced decline in the number of units available for rent.
The dip in the supply of available rental units can be attributed, at least in part, to fewer condominium project completions during the first three quarters of 2016 compared to last year. This suggests that there were fewer newly completed investor-held units available for rent,” said Mr. Cerqua.
Average one-bedroom and two-bedroom condominium apartment rents were up substantially in the third quarter compared to 2015. The average one-bedroom rent was up by 7.2 per cent to $1,777. The average two-bedroom rent was up by 7.9 per cent to $2,419.
Investors! Time to invest in condo units. Rental demand is high
• 4 bath, 3 bdrm 3 story “townhouse” – $679,900. walk out basement
Hurontario / 403, Toronto – Executive End Unit Townhome In Mississauga’s Most Desirable Area At A Great Price. Built In 2008 This Townhouse Has Everything Your Family Desires. Grand Double Door Entrance. Hardwood Floors In Living Area. Large Kitchen & Breakfast Area.Lots Of Sunshine. Master Bedroom has 4-Piece Ensuite. Finished Walk-Out Lower Level Offers A Family Room. Big Fenced Backyard. Great Neighbourhood & Schools. Minutes To Public Transit, Golf, Community Centre & Major Hwys. A Must See !!
Extras:S/S Fridge, Stove With Oven, Dishwasher, Washer And Dryer. All Window Coverings, Electric Light Fixtures & Garage Door Opener With Remote. Hot Water Tank Is Rental. Move-in ready townhouse to make it your home! Call now for a personal viewing today!
• 2 bath, 3 bdrm 2 story “semi detached home” – $599,900. updated semi-detached
Winston Churchill/Dundas, Mississauga – Amazing Opportunity To Own This Stunning 3 Bdrm Home On A Huge Corner Lot In A Quiet Neighborhood. Spacious High Ceiling Family Room Complete W/Wood Burning F/P & W/O To Private Yard. Bright & Sunny Living/Dining Area. Closet In Each Bedroom. Brand New Windows & Door. Cozy Crawl Space In The Basement W/Large Window. Very Nice & Great Sized Yard. Close To Schools, Rec. Centre, South Common Mall W/Go Bus To Subway,403,407,10 Min Drive To Square One!
Extras:All Window Coverings, All Elf’s, Fridge, Stove, Fan Hood, Microwave, Dishwasher, Washer & Dryer. Must See!
south east exposure
• 2 bath, 2 bdrm apartment – $414,500. large unit
Hurontario/Eglinton, Mississauga – Welcome To Brand New Luxury 2 Bedroom Condo. Large Foyer, Granite Countertop. S/S Fridge, Stove, Dishwasher, Washer/Dryer Ensuite, 24 Hour Concierge W/Security, Indoor Pool, Gym, Party Room. Close To Major Highways 403, 401, 407, Qew. Public Transportation. Close To Heartland Outlet Shopping Centre, Square One Shopping Mall, Place Of Worship, Schools, Parks, Community & Rec Centre, 2 Mississauga Libraries, & Too Many Benefits To Live Here To List!
penthouse unit with amazing views!
• 1 bath, 1 bdrm apartment – $359,000.
COnfederation and Prince of Wales, Confederation/Prince of Wales – Beautifully Upgraded Lower-Penthouse 1 Bedroom Condo In Mississauga’s Most Desirable Building “Limelight”. Unobstructed North View. 10 Ft. Ceiling With Large Walkout Balcony. Walking Distance To Square One And Transportation. Tons Of Upgrades, Move In Ready, You Won’t Be Disappointed!
Extras:S/S Fridge, Dishwasher, S/S Microwave, S/S Stove, Clothes Washer, Clothes Dryer, All Electric Light Fixtures And All Window Coverings.
heat and hydro included
• 2 bath, 1 bdrm apartment – $319,000.
Burnhamthorpe/Confederation, Mississauga – Location! Location!In Central Mississauga Across From Sq One. Amazing Open Concept Kitchen Layout W/9 Ft Ceiling. One Bedroom With 4Pcs Ensuite + Den, Brand New Laminate And Fresh Painting, All Modern Amenities With 24Hr Concierge.Close To Sq One,Celebration Square(City Hall),Living Arts Centre,Library & Public Transit, Sheridan School Of Business,Easy Access To Hwy 403/Qew. Wonderfull Lake View
Extras:Fridge, Stove, Built-In Dishwasher, Microwave, Washer, Dryer, All Elf’s And Blinds, Indoor Pool With Sauna & Hot Tub, Gym & One Parking Spot
at square one drive !
• 1 bath, 1 bdrm apartment – $287,000. desirable location
COnfederation and Prince of Wales, Confederation/Prince of Wales – beautiful One Bedroom Condo In Luxury Daniels ‘Limelight’ North Tower at 360 Square One Dr With Breathtaking East View In The Heart Of Mississauga. Steps To Sq1 Mall,Bus Terminal/Go,Library,City Hall,Sheridean College, Hwys. 10Ft Ceiling,Quartz Counters,Bamboo Flooring,Berber Carpeting. 12,000Sqft Amenities Space: Huge Basketball Court/Gym/Fitness Ctr,Party Rm,Media Lounge,Home Theatre,Outdoor Terrace W Bbqs.
Parking and locker included. Call now!
Corner unit ! View !
• 1 bath, 2 bdrm apartment – $335,000. South East exposure
Hurontario/Central Parkway, Mississauga – Beautiful Corner Unit With Great Views And Great Layout. High Ceiling With Glass Windows From Top To Bottom. Full Kitchen With Granite And Breakfast Bar. Great Building With Lots Of Amenities And Steps To Square One And Public Transit.
Extras:Fridge, Stove, B/I Dishwasher, Washer, Dryer, Light Fixtures, Other Furniture Negotiable, Window Coverings In Master Bedroom Not Included.