{"id":37561,"date":"2025-09-25T18:53:09","date_gmt":"2025-09-25T18:53:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/37561\/"},"modified":"2025-09-25T18:53:09","modified_gmt":"2025-09-25T18:53:09","slug":"torontos-condo-market-pain-likely-isnt-ending-anytime-soon","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/37561\/","title":{"rendered":"Toronto&#8217;s condo market pain likely isn\u2019t ending anytime soon"},"content":{"rendered":"<p>Rents, meanwhile, have also been on the way down. Across all unit types, average rents <a href=\"https:\/\/rentals.ca\/national-rent-report\" rel=\"nofollow noopener\" target=\"_blank\">fell by 3%<\/a> last month in Toronto. One-bedroom units saw a 5% decline, while two-bedroom rents dropped by 7%.<\/p>\n<p>That mirrors a national trend: Vancouver, Halifax, Montreal, Calgary, and Edmonton all saw average rents fall in August, according to Rentals.ca, amid a wider cooldown in the housing and mortgage markets as a whole.<\/p>\n<p>Toronto definitely won\u2019t see strong price appreciation in the condo sector during the next couple of years, according to Nanowski, with rents in the same boat.<\/p>\n<p>\u201cA lot of developers are trying to switch their condo units that aren\u2019t viable, and can\u2019t meet their pre-sales targets, into rental units,\u201d he said. \u201cAdditionally, roughly half of condos in the GTA are rented out.<\/p>\n<p>\u201cSo the under-construction inventory that\u2019s getting worked through will continue to push down rents as well.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Rents, meanwhile, have also been on the way down. Across all unit types, average rents fell by 3%&hellip;\n","protected":false},"author":2,"featured_media":37562,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[114,30701,85,5454,46,190,647],"class_list":["post-37561","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-condo-market","tag-il","tag-investors","tag-israel","tag-markets","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/37561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=37561"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/37561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/37562"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=37561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=37561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=37561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}