Toronto’s downtown condo rental market is experiencing a surge in demand, fueled by companies mandating a return to in-person work. Many professionals who purchased homes outside the city during the pandemic are now seeking downtown rentals to avoid long commutes and the commitment of owning two properties in an uncertain market. According to TRREB, rental volume in 2025 hit a four-year high, with significant increases in downtown core activity. Realtors are seeing multiple offers on units, a trend not seen in years, providing relief for condo investors. While a record supply of new condos is expected, experts don’t anticipate rental prices to increase significantly. This trend is expected to continue as more companies enforce in-office policies.
For a deeper dive into the data and expert opinions, read the full article on The Star: [https://www.thestar.com/real-estate/why-back-to-office-mandates-are-leading-to-a-surge-in-downtown-condo-rentals/article_6dbfc749-d450-423a-be54-486649d0926d.html]
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