Toronto apartment hunters have a lot more options these days, as a flight into the suburbs led to an all-time high vacancy rate.
Urbanation looked at purpose-built rental apartments completed in the City of Toronto since 2005 and found the vacancy rate hit 5.7 per cent in the fourth quarter of 2020, compared to 1.1 per cent in Q4 2019. That’s the highest it’s been using historical data from CMCH going back to 1971.
— Read on ca.finance.yahoo.com/news/toronto-apartment-rents-tumble-as-vacancy-rates-hit-50-year-high-185928584.html