New renters paying an extra $500 a month in Toronto, Vancouver: CMHC — via financialpost
Financial Post Top Stories
Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.
The report found that the rental gap is particularly prominent in cities where vacancy rates are already low and rent increases are regulated by guidelines. Rent restrictions mean property owners often must wait for turnover periods to adjust rents to align with current market prices and offset expenses such as repairs and renovations. Toronto, Vancouver and Montreal — where the gap is closer to $250 — all have rent guidelines.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stimulus check update: First direct payment of $500 guaranteed income program arriving in eight daysA guaranteed income program that gives recipients in El Monte, California, $500 payments every month will start in eight days.
Read more »
Warner Bros. Discovery Negotiating $500 Million Deal to Sell Film and TV Music Publishing AssetsWarner Bros. Discovery is negotiating to sell around half of the storied Warner studio’s film and TV music-publishing assets for approximately $500 million, three sources confirm to Variety. The ne…
Read more »
Tesla bull Ron Baron sees stock gaining 89% in 2 years. Here's how to play itPros on CNBC discuss Tesla as Ron Baron predicts its shares will hit $500 in 2025.
Read more »
2024 Range Rover Evoque Invokes Modern LuxuryNew technologies, new colors, and new comfort.
Read more »
With Hype Chat, Twitch Lets Viewers Pay to Pin MessagesThe company unveiled a new feature called Hype Chat on Thursday, which lets users pay between $1 and $500 to pin a message to a streamer’s live chat.
Read more »
New Jersey property firms scout for deals from new Dallas officeNew Jersey-based RD Management and JMF Properties’ have opened a Dallas office will look for commercial and residential property developments.
Read more »