Asking rents have fallen nearly 5% since 2022, but prices could start rebounding soon, Redfin says

Asking rents have fallen nearly 5% since 2022, but prices could start rebounding soon, Redfin says

Asking rent prices have fallen almost 5% since 2022, but prices could soon rise as the post-pandemic housing boom slows, according to Redfin. Developers are struggling to fill newly built apartments as more than half sit empty three months after completion. Asking rents have fallen in the last three years, but prices could begin to rise soon, Redfin says.  Median asking rents in the U.S. were $1,625 in April, down 5% from the record high of $1,7…

Have falling rent prices made it easier to live in Toronto?

Toronto’s rental market has been experiencing a steady decline for several months, finally showing signs of softening — but has that made a significant difference for you? This month, new data from Rentals.ca and Urbanation reveals that average apartment rents in the city have decreased by 7 percent year-over-year. This marks the 14th consecutive month of annual declines, bringing the ...