- Toronto Condo Prices YOY
- # Rentals <= $2000 in Top Canadian Cities
Earlier today, I was browsing the MLS for properties listed for rent within $2000. (Seemed like a flat enough number and I am painfully aware that a lower ‘flat’ number isn’t realistic).
Realtor.ca showed only 4 within Vancouver.
The numbers are damning, though unsurprising. Only 7 in Calgary too…what? The more east you go, the better the numbers look. Well – enh, at 195 in Toronto. But a whopping 1521 in Montreal was relieving. I LOVE Montreal, it’s arguably the best city in Canada so it’s nice to seeing some harmony in values there, albeit relatively.
I soon realized that the west numbers were alarmingly low, because MLS isn’t used for rental listings as much as they are in say, Toronto. So I checked the RATIO of MLS rental listings below $2000. Suffice to say, Calgary can’t be factored in at all because they hardly use realtor.ca, people almost exclusively use Rent Faster there. I decided to keep Vancouver in the mix because though low, it still had hundreds of rental listings on MLS:
Almost HALF (46%+) the rental listings on MLS in Montreal are under $2000. In Vancouver, it’s but 1.4%