If you have been apartment-hunting for more than a few days you will already be aware that not all apartments afford equal value. Some landlords will hold out for rents which are higher than "market" rents even if it means leaving apartments empty for months at a time, while others will rent for "below market" rents in the hope of attracting desirable tenants and in order to encourage long-term tenancies.
The City of Toronto has approximately 500,000 rental apartments, and given that the average tenancy in Toronto is 3 years we can surmise that in any given month there are about 14,000 apartments turning over... and about 14,000 prospective tenants trying to find the perfect apartment. While finding the right apartment can be challenging your efforts are wasted if you are unable to convince the landlord that you are the best tenant he or she could hope for.
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The City of Toronto has approximately 500,000 rental apartments, and given that the average tenancy in Toronto is 3 years we can surmise that in any given month there are about 14,000 apartments turning over... and about 14,000 prospective tenants trying to find the perfect apartment. While finding the right apartment can be challenging your efforts are wasted if you are unable to convince the landlord that you are the best tenant he or she could hope for.
MORE
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