Toronto Condo Rental Market
Put my place at 20% discount that I was renting pre covid. Apparently that's not enough. I think I will have to reduce it by 40% for anyone to make an offer.
If you are a "landlord" (still lol at this term) in Toronto at what point do you call it quits? Is it really not better to cash out now while prices are still reasonable than deal with low rents, Ontario rental laws and unpredictable costs that come up with rental units? I honestly think this covid thing will stretch beyond a few years with new year new strain requiring multiple vaccinations and if there is no vaccine another border shutdown for 12 months.
I am not too concerned with my 1 rental property, but what about others that have a few in their portfolio?