{"id":69529,"date":"2013-12-23T14:08:45","date_gmt":"2013-12-23T19:08:45","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=69529"},"modified":"2013-12-23T14:14:33","modified_gmt":"2013-12-23T19:14:33","slug":"rent-condo-apartment-toronto","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/archives\/rent-condo-apartment-toronto","title":{"rendered":"How much more does it cost to rent a condo versus an apartment in Toronto?"},"content":{"rendered":"

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Photo:\u00a0sssteve.o\/Flickr<\/a><\/em><\/p>\n

Toronto’s rental landscape has gone condo. The CMHC reports<\/a> that\u00a0the 2013 GTA rental\u00a0market, made up of\u00a0purpose-built apartment and row\u00a0rental structures, was down 600 units from 2012 with the squeeze largely felt in the 416 and two-bedroom apartments.<\/p>\n

On the flip side, rented condos grew to about 77,000 units in 2013 throughout the GTA. About\u00a043 per cent of the newly\u00a0completed condos that went online this year were rented (Tweet this<\/a>).<\/p>\n

Any rental apartment buildings or rented out condo units built after 1991 aren’t subject to provincial rent guidelines, so rents on new apartments mimic current market conditions, which has translated into high rents as demand stayed strong.<\/p>\n

Here’s what we learned about condo rentals from the report:<\/p>\n