Rental Updates

 

Life in The Six , Toronto the Great is slowly returning to some form of normalcy.  However time will tell as the delta variant has emerged. You are able to eat at a restaurant and do things you haven’t been able to do in over a year. Travel has pick up and visitors will flock back to the most diversified city in the world.  Canada is now allowing fully vaccinated international travellers to enter Canada as of Sept 7th 2021. A couple of things to keep in mind as the rental rules have changed dramatically.

  1. Short Term Rentals – Airbnb’s  New Rules are now in effect and there are a lot less units available. Demand has definitely  picked up, and nightly rates are significantly higher. Make sure to book only registered Airbnb units.
  2. Furnished Rentals – 28day and longer units have increased as the supply of rentals in the city has increased dramatically due to the pandemic.  Look to the supply to decrease and pricing to increase after the lock down is lifted. With more and more people going back to work and school starting in September, rents are now up. An average 2 bedroom fully furnished apartment goes for $1250/week.  There are no longer any deals or bargain rents in desired neighbourhoods in the city
  3. Regular Rentals – Supply is still good but rents are starting to rise again and soon will be again a landlord’s market as schools, immigration and borders are opened. Rents are now up 5% month over month.

We now accept Bitcoin as a form of payment for all our locations. If you are interested, please send us a request. We will send you instructions. Very easy and safe to now make payments with Crypto Currency no matter which country you live in. For shoppers, the advantages of paying with bitcoin include greater simplicity in placing the transaction, user anonymity, no interruptions from intermediaries, and very low transaction fees.

Bitcoin Setup