Nadia  Clark

Nadia Clark

Sales Representative

Bosley Real Estate, Brokerage *

Office:
416-322-8000
Email Me
Nadia  Clark

Nadia Clark

Sales Representative

Bosley Real Estate, Brokerage *

Office:
416-322-8000
Email Me

Warm, professional service with care. 

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Neighbourhood Spotlight: Lawrence Park North

Neighbourhood Spotlight: Davisville Village

Neighbourhood Spotlight: Leaside

MARKET UPDATE FOR THE WEEK ENDING APRIL 30TH, 2021

There are early signs that the rental market may be starting a comeback. In the first quarter of 2021, average condominium apartment rents were down on a year-over-year basis, however growth in rental transactions outstripped growth in the number of units listed over the same period, suggesting that rental market conditions are starting to tighten up once again.

In the GTA there were 13,168 reported condo rentals during the first quarter of this year. This represents an increase of 81% compared to 7,251 rentals in Q1 of 2020. The number of condos listed for rent during the first quarter of this year was up 78% compared to the same time last year. The number of condo apartment rentals reported in the first quarter represented a new record for the first three months of the year. This suggests we are accounting for pent-up rental demand from 2020. Strong rental demand is also an indicator of broader economic recovery with people willing to sign rental agreements because they are confident in their future job and income prospects.

The average one-bedroom condominium apartment rent was down by 16% year-over-year in Q1 2021 to $1,820 compared to $2,187 in Q1 2020. The average two-bedroom condominium apartment rent was down by 13% over the same period to $2,447 compared to $2,812.

“The rental market will continue to contend with COVID-19 as the third wave keeps the GTA in a lockdown during the second quarter. However, market dynamics were set in motion in the first quarter to generate strengthening rental conditions as the year progresses — particularly later in the second half as the population becomes vaccinated, offices start to reopen, immigration rises, and post-secondary students potentially return to in-class learning. These variables are obviously subject to change and dependent upon exogenous factors, but as each day passes and housing prices get more expensive, the upside for the rental market rises.” Shaun Hildebrand, Urbanation.

Bosley Real Estate Ltd. is a full-service boutique brokerage operating in Toronto, Muskoka, Niagara-on-the-Lake, Port Hope and Cambridge, Ontario since 1928. We have three centrally located offices in Toronto and over 250 sales representatives selling and leasing homes and condominiums in all the vibrant communities we work in. Our brand is well recognized internationally thanks to our unique affiliation with Leading Real Estate Companies of the World. Our sales teams meet weekly to discuss market conditions, trending topics, and anecdotes that more accurately reflect the true temperature of the real estate market.

A little about me

I am a proud Torontonian who has lived in many of the city’s diverse neighborhoods, in addition to other beautiful cities across Canada. My love for travel and adventure has contributed to frequent flyer points around the world and more road trips I can count. Prior to real estate, I worked extensively in product development, marketing and sales for multi-national companies. I am a proven negotiator with a keen eye for details, design and efficiency. My goal is to provide clients with a wealth of expertise, to interpret current market trends and to ensure you can make the right decisions. In today’s real estate market, it is important to work with a professional you can trust and rely on. I am here to help you make smart and informed decisions, protect your interests and make your home ownership dreams come true. 






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