A Chill in November?
Week over week statistics reveal the number of showings are down in November, however offers remain at October’s levels and prices are up 11% from October 2019. There are condos available at reduced prices at the investor level, however, immediate tenants may be hard to find.
People are looking for freehold rentals but do not pay a premium for this as condo rental prices have been so dramatically reduced. Condo rental vacancy is high due to student, traveller and worker absences in the core.