The Toronto rental market is on the rise, and developers throughout the city have been quick to respond, building more new purpose-built rental stock than the city’s seen in 25 years. “Developers have recognized how remarkably strong the market for new rentals has become,” says Shaun Hildebrand, senior vice president of Toronto real-estate market research firm Urbanation. Another Rockport rental site, Weston Common, in the west end of the city around Weston Rd. Although Rockport has developed rental projects in the past, these are the first such sites they’ve worked on since 2005. “There’s going to be a change in attitudes and mindsets in Ontario and the GTA, on how people perceive rentals.”

Source: National Post May 05, 2018 09:56 UTC