What a bullshit article. Basically it's looking at average condo rent prices and average is down slightly because more new cheaper end condos were built.
this post was submitted on 03 May 2024
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Yay! More supply!
Drop in the bucket. The article even mentions that this won't last and prices will bounce back up.
Don't let "perfect" stand in the way of "better".
It says they will bounce back up because supply isn't keeping up.
Lol any reports of rent prices going down in this city are a lie. Any stories of a landlord adjusting their rent to charge a tenant less is fantasy. The housing market goes up, we pay higher rent, the market goes down we pay higher rent. Economy good? Higher rent. Economy bad? Higher rent.
Nobody passes on the savings, nobody is getting cheaper rent
Rent is like wage... You ain't getting better deal unless you change situation and negotiate on the front end.
Until every pleb gets this point, rents ain't going down and wages ain't gong up.