Ajax condos . The rental market is no longer booming. The author is in some rental housing and second-hand idle exchange groups, recently, some people often post to rent Condo, some prices to the previously unimaginable level. For example, one room and one hall in DownTown is only 1600-1700 yuan, and one room and one Den is as low as 1400 yuan. You know, at this time last year, 1800 yuan could only be rented for one room and one Den in STC.
The reason is self-evident. The epidemic has caused mass panic among Condo residents. Recently, someone posted on a forum that someone in the building where he lived near Yonge Sheppard had been diagnosed, but the security guard did not even reveal which floor it was, so that he did not know what to do.
What else can I do? if I run away from the door at all costs, I will hide for at least two weeks. No matter how well you guard against it, how can you know if others are infected? This so-called privacy practice is the biggest potential threat to other Condo residents.
In such a mentality, Condo rents can only fall passively, thus bringing down the rental market level of the entire GTA property market. Of course, House and TownHouse in some remote areas still go their own way, but they are individual cases.
A professional organization recently released a report saying that after the epidemic, the situation in the rental market is grim, mainly in two aspects: 1. The price fell by 2. 5%. The number of rental orders has increased. Increased supply and reduced rental demand (immigration, reduced student visas, unemployment, working from home, online courses, etc.) are the main reasons for the decline in prices.
So where does the rental rental listing come from? Realosophy made a careful study of this and came to the following conclusions:
Rental housing mainly comes from five kinds of housing sources:
- Change from short-term rent to long-term rental housing.
On MLS, a short-term rental house with furniture in Furnished becomes a long-term rental house for 12 months.
two。. Already in the operation of rented houses.
In the past, the rental transaction was completed on MLS, because the tenant left and rented again.
- Newly built rental housing.
The rental building has just been completed in the past 12 months, with no rental history.
- A house that investors buy and rent.
Houses that have been bought and rented out after the transaction has been completed in the past 12 months.
- A house that changes from a house to a rental house.
Houses that have not been bought or sold or rented in the past 12 months are thought to be occupied by homeowners and are now being rented out.