Rent prices have ticked up slightly, but trade tensions with the US may slow future gains.
Rent prices softened last month with supply increasing, as highlighted in the regular PayProp Insights housing market overview.
The rental and sales markets are in flux. Election tension, population shifts, and economic uncertainty make price and demand trends unpredictable.
With a balanced sales market and expectations of a more active spring, it's a good time for buyers to explore their options. At the same time, rental prices are likely to remain high and stable.
It’s been another quiet month for both the home sales and rental markets, as tariff uncertainty and economic concerns continue to hold activity in check.
The home sales market achieves balance while property managers benefit from record-high rent prices. Affordability concerns may drive renters away from Ontario.