The Vancouver Housing crisis is now well known around the World, but Toronto is not too far off.
Condo prices in the downtown Toronto area are becoming more expensive and the land these Condominiums are erected on, is becoming most expensive as well.
Millennials are now thinking of renting forever, once priced out of the expensive Detached Home market.
Now Toronto renters are entering a competitive market with bidding wars on the more desirable downtown locations and units.
Sharing these new Toronto Condos rentals with roommates helps to lower the high monthly rents but bigger Condo units are needed for equally sharing like bedrooms and extra bathrooms that are a luxury.
Iris Li is a Toronto Condos Realtor specializing in both new and resale Toronto Downtown Condominiums.