The one at 11:20 ish is the best since it had the most space and best layout, despite the bad view. Really don't like the bedroom being at the end of the last one. Crazy how small all the bedrooms are in these apartments tho!
the 2nd and 3rd! the 2nd got one of the most amazing views i've ever seen and it has good lighting along with good price (would reconsider if it went up to $2300). 3rd one is legit good bcs it has a lot of space and it's a corner space!
for me its either unit 2 or unit 4 I would go with well once i finish my design degree and get my first high paying UX designer salary u bet you I would get one of those two in less you guys find more good deal if that exist in Toronto for my first place after graduating cross your finger I make it out alive from my degree lolll
It's amazing how much the prices have dropped in Toronto! I honestly didn't think they'd ever go down.👌✨ I actually just signed a lease last week for a 1-bedroom condo unit that went from $1,900 to $1,500! I can actually afford to live on my own finally... no more roommates! Lol
I live in a smaller city in Alberta. My first apartment cost $895 a month while the most expensive apartments here go for around $1200 a month. We recently bought a townhouse style condo and our mortgage is just under $800 a month. I love living in a small city😃
And I wanted to add that our apartment was 2 bedroom, 1 bathroom and about 900 square feet and our condo is 2 bedroom, 2 bathroom and about 1100 square feet. Just wanted to share what prices are like in a smaller city in Alberta😊
I live in the largest city in Alberta and pay 1300 a month (this includes the utilities) for a massive, newly renovated 2 bedroom downtown apartment with a great view and security, a gym, etc. It’s insane how different the prices are across the country.
I really enjoyed the video ! :) I've actually toured most of the buildings that you showed and have almost the exact same sentiments! I ended up recently signing a lease for an 800sqft bright basement apartment near Trinity-Bellwoods for $1650 (pre-pandemic the landlords were renting it out for $2100). It'd be really interesting to see a video comparing what's available in Toronto for non-condo housing options - we have a lot of renovated Victorian homes that have absolutely gorgeous units! Also, another thing to keep in mind is that these brand-new beautiful condo buildings aren't rent-controlled. It would suck to move in somewhere you really love and have the rent go up by a couple hundred the next year, if the rental market picks back up :(
That's awesome, it sounds like a great find! We'll definitely do a future video on non-condo options, and we'll try venturing into some different neighbourhoods, too 😊
Hey there, thanks for the comment. I'm new in Canada and I live in Toronto. What do you mean by "aren't rent-controlled"? Do you mean that there are places that aren't allowed to change the rent after you sign the lease? where do I find such places? do they have a specific name? thanks so much again
@@danaa6024 buildings occupied by November 2018 are rent controlled. Rent increase for 2022 is capped at 1.2%. Meaning if you signed a $1850 lease the max your landlord can raise is $22.2 or $1872.2
Hey you guys are very focused on a downtown view but don't discount the units facing west. Toronto has some of the best sunsets in the world and a west view can be cheaper and gives you gorgeous scenery every night. Plus you don't get a ton of light in your apartment every morning, which is great on the weekends.
We're not personally focused on the view (our current spot doesn't have a downtown view, nor is it high up!), but they're fun to see when touring different spots 😊 The sunset views are always so beautiful!
Thank you so much for making another one. And I appreciated you guys saying the area names too to give us an idea of "where" in DT. Would you consider doing a video on condos for sale instead of for rent?
That "track view" faces west. Which is very nice to have. We have great sunsets! Also,that looked like a gas range in the last unit. That's very rare and amazing to use.
I can't thank you enough for this kind of videos. they help a lot especially for newcomers to Toronto like myself. If you have time and the mood to do so, please do tours for different kind of units like basement apartments ... etc Thanks a lot!!
My brother and girlfriend just moved out of liberty village. They said it is more of a bachelor vibe instead of young couple. Not to say there are not any young couples but it gets noisy at night. In addition, there's a nearby homeless area with many tents all across the streets since the pandemic.
Interesting! It’s always hard to tell which areas will be noisy at night - our building is mostly older adults, but we still have a neighbour that’s always loud all night! Thanks for watching 😊
Id have to disagree. My girlfriend and I moved to LV last year and we love it. We also have a dog so it might be a bit different, but its like all we see are other couples at the dog parks ahaha But lots of nice parks in/around LV that are always filled with people have picnics. But you are right, one down side is the homeless area but to be honest it is more west and they don't really go anywhere but there. Even with the new respite areas out more west we noticed compared to other areas in Toronto, much less homeless people.
I love your real estate series! One suggestion, the condos you’re viewing all seem to be very similar in design, and that’s likely because you’re looking at a very limited area of the downtown area in all new builds. I think it would be of benefit to new torontonians watching your videos to see what you could get at the same price if you were willing to move a little further east (leslieville) or west (roncesvalles) and maybe different types of apartments, ie house conversion, walk-up or older apartments. Keep up the good work!
ugh remember the dream at 16 in 2010 was to get a detached home which was reasonable in Toronto back then 500-700k . 11 years later we have pre-bid construction for townhomes in the GTA starting at about 700k . It's kill or be killed out here financially in the 6ix unfortunately lmao.
@@OfficialGundem After the initial lease there is no limit on how much the landlord can increase the rent by. They can still only do it once a year, but it can be greater than the current 2.2% max increase (they can even double the rent it if they feel like). That being said - 2021 has a rent freeze on for all units.
In unit 2 you had smaller appliances because it was a nicer, more luxurious unit. The builder put nicer appliances in to match that and nicer appliances are usually European, which are smaller. The oven, for example, was a Bosch. Bosch is originally a German company.
WE NEED MORE! Love, love, love this video 🔥✨Great insight into the Toronto housing market. Would love a third and fourth one focused on a type of apartment rather than the price. Ex: Studio apartment tours PS: I actually live in Paris and the prices are still super high. Thank you again for the great content you're providing!
awesome video but one way you can turn a "negative" into a "positive" is with the 3rd unit that had the subpar view facing the city. yes all you see is the train tracks but you would also get to see amazing sunsets.
Hey Steph and Den! I love your videos! Besides being interesting, their content is useful and the explanations are great! 😊 The only con I would mention about new condos is the lack of rent control (I am not sure whether you guys are aware about it or not, but it’s something that my boyfriend and I took into consideration when we were looking for an apartment to rent). 😉
i am at mid-down town area(5min. ttc bus to ttc line 1 station), of city of Toronto, i got my bungalow house for 1500, it has 2 + den and 1.5 washroom + 2 parkings + shared backyard, upper level. incl. water, heat, a year before pandemic. I know its crazy rare. my landlord told me that there was over 400 application for the house. All I can say, if you really want it, prepare what you can do best, contact landlord more and more. "communication" and p"reparation" is the key words. I am now here for 3rd contract years already but my landlord hasn't change rent fees.
My gf and I moved into a unit in December. It's a 700 sqft 1+ den in a 15-yr old building, two bathrooms, large balcony, full-sized kitchen appliances, right by Yonge-Dundas, for $1790/month (and we got $100 off our first 2 months). Normally it would easily go for $2300 or more. Definitely got a great pandemic deal
Quality content! Definitely subscribing. Personally I liked the third apartment more than others, felt spacious and even though I would love a great view of CN, watching trains while sipping coffee in evening is not a bad deal.
I also visited some condos in all of these neighborhoods but quickly realized that living in the downtown core just wasn't my jam. I ended up signing a lease for a 1-bedroom in a non-condo apartment building in the Annex. 475 sqft for $1490, including utilities!!! 14th floor with an amazing view. Feel so lucky.
My husband and I live in Hamilton in an older building downtown. Its beautiful..built in 1948 on a heritage corner with a church built in the 1880s behind us, so out back looks out onto the courtyard. The living room windows are big and have tons of light, all hard wood. We got it in 2014, including parking for 830$ ...units now go for over $1250...everywhere here is so overpriced due to the insirge of ppl in the last few years. If you are looking at Hamilton, look in the Durand neighborhood..so great and friendly. Access to a lot and close to Locke Street.😁
I live in Halifax NS and I plan to move to Toronto for school next year. While the prices have dropped in other large cities in the country, they have skyrocketed here. Many people moved to the East Coast in the last two years, and our vacancy rate (in Halifax) is now less than 1%. Our units are the almost the same price as similar ones in Toronto for fewer opportunities and smaller infrastructure. Halifax might be an “up and coming” city, but as of right now, it’s a tough life for the locals, who are being pushed out of the city by developers trying to keep up with the growing population. Our wages are smaller on average and our taxes are higher, but rental units (that aren’t filled with bugs and mice, those ones are less expensive) are almost the same price as a city that has an average salary double that of Halifax.
I'm from Saint Louis, Mo; the market over here for renting in the city ranges from $1,300 - $1,600. But I'm seriously thinking about moving to Toronto thou. Thanks for the videos.
Great video Steph and Den, as my wife and I are looking to move as well, there is a hugeeeeeee decrease in price for rentals in Manhattan, NY, I’m talking about $480 decrease! Thus, we can continue to build up our house fund! 🙏🏿
#3 has an unobstructed west facing view. You would have light until sunset. The others were north or east facing. The Harlow is south facing but awkward in shape
The 3rd unit was the best one by far. So much space I was confused at you guys saying it was an underwhelming space. I would rather more room than just a nice view. Just saying
Where could I find more information on Unit #2? I’m currently apartment hunting and think it’s a beautiful spot and would love to check it out for myself!
For us cost is number one - we pay $1,850 now ($925 each) and don’t plan to spend more than that when living downtown! Then in unit laundry, a good oven, lighting... and location (walkable to grocery stores, etc.) We like our current place now, and don’t plan to move - but always interesting to see what’s out there 😊
Great video! I’m from Winnipeg and I’m moving to a townhouse 1 bedroom, 1,5 bathrooms and patio next month. We’ll be paying $1470, which includes a parking spot. I was feeling pretty bad about paying all this money on rent, but watching this made me feel better lol although I was very impressed with the quality of the appliances and bathrooms in some of the units you’ve shown.
But the problem is you have to live in Winnipeg and honestly that's too expensive! I want to le in Toronto damn it! And I want to have more space for less money damn it!
It's good to see Toronto again, as I have not come downtown since June as I work down there on Front and Bay. Thank you both of you for the video! Love you guys a ton!
As somebody who lives over an hour away from Toronto and has bought a condo. It's hilarious what you get for $1800 renting. Honestly Toronto has to be one of the most expensive cities in the world
As I was apartment hunting for whatever reason perhaps to take advantage of the lower rates and move back to Toronto from Mississauga, I came upon a lot of good offers for condos. But here's the thing with condo's; a lot of people have moved back with parents or moved out of their condo since COVID, which is the reason for the lower rents and higher vacancy rates. Condo owners are desperate. Beware of this, because when things get back to normal again and the typical rent goes up again condo owners can kick their tenant out with only 60 days notice, they can say they want to move into their unit or they're selling their condo. So, unless you're looking for short term rental you can be kicked out as it's privately owned as compared to a regular apartment. I would never rent a condo for that reason.
I love these videos! Hope these prices stay this way for at least another year, starting to have FOMO... Great job and would like to see more of these videos.
OMG this is so helpful! I am moving to Toronto from Montreal this summer and I have no clue where to rent. I am staring my MBA at UofT, any suggestions?
Yay, so glad it was helpful! 😊 Good luck with your MBA! If it's going to be virtual, you'll have more flexibility to look at neighbourhoods a little further from campus!
I'll be moving to Toronto from Windsor in April, and I'm super glad that prices have come down.The Ice buildings and Maple Leaf Square are the main condos I'm looking at because they're attached to The Path. The prices for a 1+1 are about the same as the condos you looked at. What I don't like about some of these condos is the placement of the microwave below counter level. As someone of a certain age, I don't need to be bending down every time I want to heat up my coffee!
Interesting video! I would say for the 500 sqft range you could get something for $1600 now a days with covid pricing. I’ve seen units in my building downtown consistently renting for around that price. You can also always negotiate with the landlord especially if it’s been on the market for awhile.
Winnipeg: You can buy a very large house for what you spend for a shoebox apartment condo in TO (just bring a parka)! Housing market here has always been historically affordable, most bang for your buck.
I really enjoyed your video. That place in Liberty Village seems like a steal for such a desirable area and 2 bathrooms is a bonus. I wonder what the rent have been at the beginning of 2020. Pre-pandemic I was considering moving to Toronto. The only places I could find a decent 2 bedroom for under $2k were towards Etobicoke, East York, or North York area. I live in London, ON. In downtown London median rent for a 2 bedroom is about $1900 + utilities. I paid around $200/ month for underground parking when I lived downtown. Rent downtown is about 30% more than the median rent for the whole city. Average rent for a 2 bedroom in the city is $1500 and has gone up 2% since last year. But there are about 8000 units (16% of all units) in arrears from 2020 to present. Vacancy rate has gone from ~1% at the beginning of 2020 to just over 5% now. Many rental properties are geared for student rentals but many did not return to the city this year. The average cost of a house in London was $500k in June. It's now at $600k. Supply is low, demand seems high. Most houses, apartments, and condos sell over asking.
Great video idea 👍. I live in Perth in an apartment and in comparison my apartment is similarly sized but seems differently proportioned! My laundry is in a cupboard by my the front door where there are storage cupboards in a short corridor. This is great place to take off shoes. Then off the corridor I have a kitchen with an island and dishwasher with an open plan dining room and living room. Right next to that is our bedroom with I guess a very small walk in closet. It's kind of a stretch to call it that... It's a closet behind a wall and next to our bedroom is the bathroom with no bath (ugh). Our kitchen/dining/ living room looks out onto our large balcony (about 3 times bigger then the ones in the video) with a beautiful view of the trees in the park. If I lived in an ideal world i would reorganise our apartment thus: same apartment and view...Kitchen and living combined. No dining room because we eat on our sofa or outside on the outdoor dining furniture. Bathroom to include a bath. Bedroom to either be larger or a small den with a view. Same balcony
I’m going to be moving to Toronto in the next 12 months and I can’t wait! Is it hard to find furnished apartment? In the UK the standard is most rentals are furnished so this will be new to me. Thanks
Where is the second apartment? I would really like to check out apartments in that building This would help me a lot because I’m on a budget and I need a nice apartment with a good view And spacious enough and I think the second one would be amazing for college
Wow the units are drop dead gorgeous. As a viewer from the states I'm not familiar with the Toronto markets at all. Would you say for under 2k one can comfortably live in a highly ammenitized building in dt with a view? That's pretty incredible
They were great! Good question - it definitely depends on the person's situation and preferences - but there are definitely more units like these ones for around $2k that give you what was shown!
Guys, this is a great vid and series! It's on par with Serhant vids and he has a whole production team! Great to see TO represented as well as NY or LA. You guys need to get your RE licenses! :)
Just for prospective, in order to leave comfortably in one of these apartments you need to be making at least $20 an hour. Anything less and you won't be able to afford your rent. And bear in mind but these are not rent control Apartments your rent will increase from 1.5% to 2.2% every year, so you will need an annual raise in your paycheck to be able to afford this. The minimum wage per hour in Ontario in $14. Most Toronto residents make on average $16. 50 to $17. 50 an hour.
Yes, these places definitely aren’t ‘affordable’ on an average salary, especially if you’re living there as one person! In our case we split our $1,850 per month rent ($925 each) and we aren’t aiming to ever spend more than that on rent. 😊
I think these new buildings are not under rent control, which means there's a high risk of the landlord increasing the rent significantly once the lease term expires. $1800 per month looks very attractive now, but wait and see how much that'll increase post-pandemic. If you want to avoid that, I'd rather look for well-managed older apartment buildings. They might not have the fancy amenities, but you get more space for your buck, and they were built to last (solid walls, etc), not like the those new condos with cardboard walls, which will start falling apart in a few years.
Units built before November 2018 fall within the protections listed in the provinces tenant guidelines. Something to keep in mind is that there are still a lot of great/newer units on the market that would remain protected from massive rental hikes 😊
Good luck! Lots of bargains out there - take advantage of your catbird position and lock in something amazing at these low rents which will take you through until it’s time to buy.
Hey Steph & Den! Thanks for this video, it was really nice to see the different condo options in the downtown core. I actually liked that the third unit faced west and away from the city, it feels more peaceful and secluded from all the noise. I was wondering if these condos had similar maintenance fees or if the ones with more amenities increased the fee substantially?
Thanks for watching, Elaine! Good question - we didn't look into maintenance fees as for a renter, they wouldn't have to worry about that 😊 but we'd presume for the owner, yes!
I'm from Windsor, ON and we're getting a lot of the people moving away from TO, so our prices are climbing at a crazy rate. Interested to see you can get so much more in TO for not that much more per month..
The reason Liberty and City Place, the two highly rated ones in the video, are cheaper is because they are less "desirable" places to live in. City place has a moniker called Shitty Place, and Liberty has had so many drug busts and shadiness. Both areas have less reputable builders (e.g. you can hear your neighbour as if you had paper walls) that put a ton of amenities and flashy materials to have the illusion of quality and hip. They are also beside the highway; not desirable. In reality though the other two are the truly "luxurious" or "desirable" ones (comparatively in this video) - the Marlowe and the Bathurst condo are in a significantly more desirable locations (King W, Queen W, Harbourfront), the finish and appliances may not look flashy but of significantly higher import quality. In short if you care about location and/or "status", don't go for the first two. If you don't, then they will def give you best bang for your buck.
love this apartment series! question about the pandemic price reduction, are the landlords allowed to raise the rent price back up again soon after renting or would it be by year to year lease incremental?
If it's a newer building, then yes - new buildings or extensions built after November 15, 2018 are exempt from rent control, according to Ontario's government page. Learned this recently when hunting so be careful if you're looking for something long-term! Might be something you can negotiate with landlords, though.
$2000.00 a month to live in downtown Toronto is extremely high when you can rent a condo/apartment under 500 square foot in the downtown core for a lot less. The best rental value is to look for condo/apartment under 500 square foot. Why pay for pool/gym when covid19 has lock-down everything in common areas in condominiums
How do you guys find these units ? And how do you book viewings? I’m trying to book viewings but agents either don’t respond back or ask for credit check and proof that my salary is above a certain level
Hey! Good question - we have a video coming out next week talking about how to actually find units to view! We luckily had a great realtor (@christianahyourrealtor if you're in the GTA) - but it's tough if you aren't working with one who is responsive. & liv.rent is a platform that's new to Toronto (and they're in Vancouver too, if you live in either city!) that we'll share more about soon!
Make 2.5k each drop 1k from both sides and the rest save 45-70% and in 5 years your more up than 80% of your age bracket and it keeps growing as you age
Hey everybody, sorry for the stupid question.. but from germany and I’m planning to move to Toronto in the next 2-3 years, are these prices in US or Canadian $ ? Thanks for the help and the amazing videos !
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Which unit did you like best?! & which opinion of ours did you disagree with most? 😜 Let us know!
The one at 11:20 ish is the best since it had the most space and best layout, despite the bad view. Really don't like the bedroom being at the end of the last one. Crazy how small all the bedrooms are in these apartments tho!
Very true, definitely pretty tight spaces!
Unit 2 because we’ll be neighbours haha. But great content as always!
the 2nd and 3rd!
the 2nd got one of the most amazing views i've ever seen and it has good lighting along with good price (would reconsider if it went up to $2300). 3rd one is legit good bcs it has a lot of space and it's a corner space!
for me its either unit 2 or unit 4 I would go with well once i finish my design degree and get my first high paying UX designer salary u bet you I would get one of those two in less you guys find more good deal if that exist in Toronto for my first place after graduating cross your finger I make it out alive from my degree lolll
We were about to move, but managed to renegotiate our lease with our landlord! From1750 to 1500. Amazing!
That's awesome! 🎉
in the city?
How many bedrooms if you dont mind me asking
@@kerrybelle2865 one bedroom, new condo complex next to islington subway station
@@OfficialGundem yes! One bedroom.
I think your videos are awesome, especially for young people trying to take control of their personal finance. Keep up the good work!
Thanks Adam! 😊
23 year old from Ottawa here, I agree with this
Thank you! ✨
It's amazing how much the prices have dropped in Toronto! I honestly didn't think they'd ever go down.👌✨ I actually just signed a lease last week for a 1-bedroom condo unit that went from $1,900 to $1,500! I can actually afford to live on my own finally... no more roommates! Lol
That's a great drop in price you grabbed, congrats!! & have a great move 😊
How long is the lease?
just curious :)
repent , Jesus christ is coming back, get your life in order , Jesus christ is coming back .
@@stephandden repent , Jesus christ is coming back, get your life in order , Jesus christ is coming back .
@@tinajsews2835 I dunno dawg, we've been waiting 2000 years. Sometimes you gotta know when you've been stood up. Hang in there buddy.
I live in a smaller city in Alberta. My first apartment cost $895 a month while the most expensive apartments here go for around $1200 a month. We recently bought a townhouse style condo and our mortgage is just under $800 a month. I love living in a small city😃
And I wanted to add that our apartment was 2 bedroom, 1 bathroom and about 900 square feet and our condo is 2 bedroom, 2 bathroom and about 1100 square feet. Just wanted to share what prices are like in a smaller city in Alberta😊
How many ppl in your town?
@@Anomalyy666 about 60,000 people
I live in the largest city in Alberta and pay 1300 a month (this includes the utilities) for a massive, newly renovated 2 bedroom downtown apartment with a great view and security, a gym, etc. It’s insane how different the prices are across the country.
@@carmenanne5875 yes it really is!!
my bf and I just got a sick $1700 1+den a block away from college, all included! now is defffff the best time to find something
Woo great price! 👏🏾👏🏻
I really enjoyed the video ! :) I've actually toured most of the buildings that you showed and have almost the exact same sentiments! I ended up recently signing a lease for an 800sqft bright basement apartment near Trinity-Bellwoods for $1650 (pre-pandemic the landlords were renting it out for $2100). It'd be really interesting to see a video comparing what's available in Toronto for non-condo housing options - we have a lot of renovated Victorian homes that have absolutely gorgeous units!
Also, another thing to keep in mind is that these brand-new beautiful condo buildings aren't rent-controlled. It would suck to move in somewhere you really love and have the rent go up by a couple hundred the next year, if the rental market picks back up :(
That's awesome, it sounds like a great find! We'll definitely do a future video on non-condo options, and we'll try venturing into some different neighbourhoods, too 😊
Hey there, thanks for the comment. I'm new in Canada and I live in Toronto. What do you mean by "aren't rent-controlled"? Do you mean that there are places that aren't allowed to change the rent after you sign the lease? where do I find such places? do they have a specific name? thanks so much again
@@danaa6024 any new builds that weren’t occupied by Nov 2018 aren’t rent controlled
@@danaa6024 buildings occupied by November 2018 are rent controlled.
Rent increase for 2022 is capped at 1.2%. Meaning if you signed a $1850 lease the max your landlord can raise is $22.2 or $1872.2
Hey you guys are very focused on a downtown view but don't discount the units facing west. Toronto has some of the best sunsets in the world and a west view can be cheaper and gives you gorgeous scenery every night. Plus you don't get a ton of light in your apartment every morning, which is great on the weekends.
We're not personally focused on the view (our current spot doesn't have a downtown view, nor is it high up!), but they're fun to see when touring different spots 😊 The sunset views are always so beautiful!
Thank you so much for making another one. And I appreciated you guys saying the area names too to give us an idea of "where" in DT. Would you consider doing a video on condos for sale instead of for rent?
Thanks for watching! Definitely, that’s a great suggestion. 😊
That "track view" faces west. Which is very nice to have. We have great sunsets!
Also,that looked like a gas range in the last unit. That's very rare and amazing to use.
The sunsets are always nice! & agreed, we love having a gas range 🙌🏾🙌🏻
I can't thank you enough for this kind of videos. they help a lot especially for newcomers to Toronto like myself. If you have time and the mood to do so, please do tours for different kind of units like basement apartments ... etc
Thanks a lot!!
Thanks, Dana! We'll definitely try and do more, showing different types of spaces. 😊
My brother and girlfriend just moved out of liberty village. They said it is more of a bachelor vibe instead of young couple. Not to say there are not any young couples but it gets noisy at night. In addition, there's a nearby homeless area with many tents all across the streets since the pandemic.
Interesting! It’s always hard to tell which areas will be noisy at night - our building is mostly older adults, but we still have a neighbour that’s always loud all night! Thanks for watching 😊
Id have to disagree. My girlfriend and I moved to LV last year and we love it. We also have a dog so it might be a bit different, but its like all we see are other couples at the dog parks ahaha
But lots of nice parks in/around LV that are always filled with people have picnics. But you are right, one down side is the homeless area but to be honest it is more west and they don't really go anywhere but there. Even with the new respite areas out more west we noticed compared to other areas in Toronto, much less homeless people.
Omg!! 1850 would be my max too. My partner and I are moving to Toronto from Vancouver in September!! I’m so excited to have found y’all’s channel. 🥳🥳
Ou that's an exciting move!! & we're so glad you're here 😊
I must say, you all are part of the pioneers when it comes to Canadian finance content on RUclips. I subbed when this channel was
Thank you so much 😊✨ we appreciate you!!
So exciting seeing Christianah! 😅 She was my realtor and she’s THE best!
Amazing!! She is great 🙌🏾🙌🏻✨
I leased at 19 Bathurst with the same layout and got it for $1,700 in November . Amazing place and so convenient!
That's great!! 😊
I love your real estate series! One suggestion, the condos you’re viewing all seem to be very similar in design, and that’s likely because you’re looking at a very limited area of the downtown area in all new builds. I think it would be of benefit to new torontonians watching your videos to see what you could get at the same price if you were willing to move a little further east (leslieville) or west (roncesvalles) and maybe different types of apartments, ie house conversion, walk-up or older apartments. Keep up the good work!
Thank you! Yes, we were sticking to these for now during covid times, but we aim to venture into some other areas in future videos! 😊
Living vicariously through you!! Such an amazing apartment tour, I feel I was just there! Keep up with the awesome content!
Thanks Michelle! 😊✨
ugh remember the dream at 16 in 2010 was to get a detached home which was reasonable in Toronto back then 500-700k . 11 years later we have pre-bid construction for townhomes in the GTA starting at about 700k . It's kill or be killed out here financially in the 6ix unfortunately lmao.
Hahaha so true, the housing prices grew up faster than we did!
Remember, no rent control on new builds!
yeah get used to moving every year.
Hey Holly! You're right, for ones built after November 2018 😊
what do you mean? rebt can change at any time?
@@OfficialGundem After the initial lease there is no limit on how much the landlord can increase the rent by. They can still only do it once a year, but it can be greater than the current 2.2% max increase (they can even double the rent it if they feel like).
That being said - 2021 has a rent freeze on for all units.
@@Hollz_Au Good to know. Thanks for explaining.
I’ve been touring and looking at so many different places in Toronto right now! Such a great time to rent.
Very true! ✨
In unit 2 you had smaller appliances because it was a nicer, more luxurious unit. The builder put nicer appliances in to match that and nicer appliances are usually European, which are smaller.
The oven, for example, was a Bosch. Bosch is originally a German company.
Thanks, Dawson 😊
I love it when Den reacts to what Steph says thats a nice element of your channel
Thanks Fred! 😊
WE NEED MORE! Love, love, love this video 🔥✨Great insight into the Toronto housing market. Would love a third and fourth one focused on a type of apartment rather than the price. Ex: Studio apartment tours
PS: I actually live in Paris and the prices are still super high.
Thank you again for the great content you're providing!
Thank you!! 😊 We'll definitely try and do more!
awesome video but one way you can turn a "negative" into a "positive" is with the 3rd unit that had the subpar view facing the city. yes all you see is the train tracks but you would also get to see amazing sunsets.
Hey Steph and Den! I love your videos! Besides being interesting, their content is useful and the explanations are great! 😊
The only con I would mention about new condos is the lack of rent control (I am not sure whether you guys are aware about it or not, but it’s something that my boyfriend and I took into consideration when we were looking for an apartment to rent). 😉
Thanks Ana! 😊
i am at mid-down town area(5min. ttc bus to ttc line 1 station), of city of Toronto, i got my bungalow house for 1500, it has 2 + den and 1.5 washroom + 2 parkings + shared backyard, upper level. incl. water, heat, a year before pandemic. I know its crazy rare. my landlord told me that there was over 400 application for the house.
All I can say, if you really want it, prepare what you can do best, contact landlord more and more. "communication" and p"reparation" is the key words. I am now here for 3rd contract years already but my landlord hasn't change rent fees.
That’s great!! Thanks for sharing & the advice 😊
My gf and I moved into a unit in December. It's a 700 sqft 1+ den in a 15-yr old building, two bathrooms, large balcony, full-sized kitchen appliances, right by Yonge-Dundas, for $1790/month (and we got $100 off our first 2 months). Normally it would easily go for $2300 or more. Definitely got a great pandemic deal
That is a great deal! 👏🏾👏🏻
Quality content! Definitely subscribing. Personally I liked the third apartment more than others, felt spacious and even though I would love a great view of CN, watching trains while sipping coffee in evening is not a bad deal.
Thanks so much! 😊 & I like that idea - sounds relaxing!
I also visited some condos in all of these neighborhoods but quickly realized that living in the downtown core just wasn't my jam. I ended up signing a lease for a 1-bedroom in a non-condo apartment building in the Annex. 475 sqft for $1490, including utilities!!! 14th floor with an amazing view. Feel so lucky.
The Annex is a great neighbourhood! That's awesome - congrats 😊
My buddy Brad built the last Condo, the Harlowe. It's named after his daughter, and he went for that New York vibe in the architecture and design.
My husband and I live in Hamilton in an older building downtown. Its beautiful..built in 1948 on a heritage corner with a church built in the 1880s behind us, so out back looks out onto the courtyard. The living room windows are big and have tons of light, all hard wood. We got it in 2014, including parking for 830$ ...units now go for over $1250...everywhere here is so overpriced due to the insirge of ppl in the last few years. If you are looking at Hamilton, look in the Durand neighborhood..so great and friendly. Access to a lot and close to Locke Street.😁
I live in Halifax NS and I plan to move to Toronto for school next year. While the prices have dropped in other large cities in the country, they have skyrocketed here. Many people moved to the East Coast in the last two years, and our vacancy rate (in Halifax) is now less than 1%. Our units are the almost the same price as similar ones in Toronto for fewer opportunities and smaller infrastructure. Halifax might be an “up and coming” city, but as of right now, it’s a tough life for the locals, who are being pushed out of the city by developers trying to keep up with the growing population. Our wages are smaller on average and our taxes are higher, but rental units (that aren’t filled with bugs and mice, those ones are less expensive) are almost the same price as a city that has an average salary double that of Halifax.
this video is the first i’ve seen of yours but i just subscribed - the caliber of the editing and video quality is so great!!
Thanks so much, Christina! 😊
I'm from Saint Louis, Mo; the market over here for renting in the city ranges from $1,300 - $1,600. But I'm seriously thinking about moving to Toronto thou. Thanks for the videos.
Thanks for watching, Jamison! 😊
Great video Steph and Den, as my wife and I are looking to move as well, there is a hugeeeeeee decrease in price for rentals in Manhattan, NY, I’m talking about $480 decrease! Thus, we can continue to build up our house fund! 🙏🏿
Thanks Daniel! 😊 Woo that's great, get your savings on!!
#3 has an unobstructed west facing view. You would have light until sunset. The others were north or east facing. The Harlow is south facing but awkward in shape
Thanks, Malene! ✨
The 3rd unit was the best one by far. So much space I was confused at you guys saying it was an underwhelming space. I would rather more room than just a nice view. Just saying
Everyone has different preferences! It was a great space 😊
FINALLY my most awaited video!
🥳🥳
I am loving the apartment hunt series! Thanks for the vid!
Woo, thank you! 😊
Where could I find more information on Unit #2? I’m currently apartment hunting and think it’s a beautiful spot and would love to check it out for myself!
what do you two find most important when looking at new apartments that you hope to live in?
For us cost is number one - we pay $1,850 now ($925 each) and don’t plan to spend more than that when living downtown! Then in unit laundry, a good oven, lighting... and location (walkable to grocery stores, etc.) We like our current place now, and don’t plan to move - but always interesting to see what’s out there 😊
Pre pandemic, were you guys able to walk to work or had to take transit?
@@stephandden does 1850 include utilities?
We could talk, or take public transit if we were feeling lazy, ha!
No! We pay approx $75 extra each for internet and hydro (so around $1000 each total) per month
Loved the info
Now is the best time to rent a condo because it dropped a lot in price and lots to choose from.
Very true! ✨
Washington DC here! Got a 1br apt with a parking spot for $1900 USD.
Congrats for hitting and surpassing 30k!Great video, too!
Thank you so much! 😊🎉
I love watching these videos especially! I really loved the overall vibe of The Harlow!
Thanks for watching! 😊
Great video! I’m from Winnipeg and I’m moving to a townhouse 1 bedroom, 1,5 bathrooms and patio next month. We’ll be paying $1470, which includes a parking spot. I was feeling pretty bad about paying all this money on rent, but watching this made me feel better lol although I was very impressed with the quality of the appliances and bathrooms in some of the units you’ve shown.
Thanks Victoria! Have a great move! 😊
But the problem is you have to live in Winnipeg and honestly that's too expensive! I want to le in Toronto damn it! And I want to have more space for less money damn it!
@@Kevin-sm8pn Sounds like you have a problem at your hands, friend. I'm confident you can solve it creatively, though. Good luck!
Awesome another downtown Toronto video! I can watch these all day, thanks!
Thanks for watching! 😊
It's good to see Toronto again, as I have not come downtown since June as I work down there on Front and Bay.
Thank you both of you for the video! Love you guys a ton!
Thanks, Andray!! 😊
As somebody who lives over an hour away from Toronto and has bought a condo. It's hilarious what you get for $1800 renting. Honestly Toronto has to be one of the most expensive cities in the world
It’s definitely expensive!
Nice video! I uploaded my $1750 Apartment in Toronto recently and stumbled on this - best of luck guys!
Thank you! 😊
I'm in the middle of finding a new place downtown as well. I really like the second one, which building is that?
It's 19 Bathurst 😊
I loveeeeeeeeeee these videos!!
Thanks Dai! 🙌🏾🙌🏻
The second unit is definitely a Concord Pacific building. My bathroom in Vancouver looks exactly the same.
Nice! 👏🏾👏🏻
As I was apartment hunting for whatever reason perhaps to take advantage of the lower rates and move back to Toronto from Mississauga, I came upon a lot of good offers for condos. But here's the thing with condo's; a lot of people have moved back with parents or moved out of their condo since COVID, which is the reason for the lower rents and higher vacancy rates. Condo owners are desperate. Beware of this, because when things get back to normal again and the typical rent goes up again condo owners can kick their tenant out with only 60 days notice, they can say they want to move into their unit or they're selling their condo. So, unless you're looking for short term rental you can be kicked out as it's privately owned as compared to a regular apartment. I would never rent a condo for that reason.
I love these videos!
Hope these prices stay this way for at least another year, starting to have FOMO...
Great job and would like to see more of these videos.
Thanks André! 😊
Thank you so much for this! Loved it!
OMG this is so helpful! I am moving to Toronto from Montreal this summer and I have no clue where to rent. I am staring my MBA at UofT, any suggestions?
Yay, so glad it was helpful! 😊 Good luck with your MBA! If it's going to be virtual, you'll have more flexibility to look at neighbourhoods a little further from campus!
I'll be moving to Toronto from Windsor in April, and I'm super glad that prices have come down.The Ice buildings and Maple Leaf Square are the main condos I'm looking at because they're attached to The Path. The prices for a 1+1 are about the same as the condos you looked at.
What I don't like about some of these condos is the placement of the microwave below counter level. As someone of a certain age, I don't need to be bending down every time I want to heat up my coffee!
Good luck with the move! 😊 Good point hahaha - I agree, the low microwave is not very functional!
Don't know if this is too late but stay away from Ice
@@elledoes9042 Thank you! I DID keep away from Ice! I’m very happy at Maple Leaf.
These are some great finds! I'm going to be looking for a new apartment in this price range in a few months, can you recommend your realtor?
Hey Dylan! We have her information linked in the description box! 😊
Interesting video! I would say for the 500 sqft range you could get something for $1600 now a days with covid pricing. I’ve seen units in my building downtown consistently renting for around that price. You can also always negotiate with the landlord especially if it’s been on the market for awhile.
Thanks Lana 😊 Very true, there's more room to negotiate in this market
Winnipeg: You can buy a very large house for what you spend for a shoebox apartment condo in TO (just bring a parka)! Housing market here has always been historically affordable, most bang for your buck.
Yes, Toronto’s definitely much for expensive then Winnipeg! But it also depends on where you want to be, location wise 😊
I really enjoyed your video. That place in Liberty Village seems like a steal for such a desirable area and 2 bathrooms is a bonus. I wonder what the rent have been at the beginning of 2020. Pre-pandemic I was considering moving to Toronto. The only places I could find a decent 2 bedroom for under $2k were towards Etobicoke, East York, or North York area. I live in London, ON. In downtown London median rent for a 2 bedroom is about $1900 + utilities. I paid around $200/ month for underground parking when I lived downtown. Rent downtown is about 30% more than the median rent for the whole city. Average rent for a 2 bedroom in the city is $1500 and has gone up 2% since last year. But there are about 8000 units (16% of all units) in arrears from 2020 to present. Vacancy rate has gone from ~1% at the beginning of 2020 to just over 5% now. Many rental properties are geared for student rentals but many did not return to the city this year. The average cost of a house in London was $500k in June. It's now at $600k. Supply is low, demand seems high. Most houses, apartments, and condos sell over asking.
Thanks for watching! 😊
. I am looping for an appartement in Toronto and learn a lot. Thank you
Thanks for watching! 😊
Great video idea 👍. I live in Perth in an apartment and in comparison my apartment is similarly sized but seems differently proportioned! My laundry is in a cupboard by my the front door where there are storage cupboards in a short corridor. This is great place to take off shoes. Then off the corridor I have a kitchen with an island and dishwasher with an open plan dining room and living room. Right next to that is our bedroom with I guess a very small walk in closet. It's kind of a stretch to call it that... It's a closet behind a wall and next to our bedroom is the bathroom with no bath (ugh). Our kitchen/dining/ living room looks out onto our large balcony (about 3 times bigger then the ones in the video) with a beautiful view of the trees in the park. If I lived in an ideal world i would reorganise our apartment thus: same apartment and view...Kitchen and living combined. No dining room because we eat on our sofa or outside on the outdoor dining furniture. Bathroom to include a bath. Bedroom to either be larger or a small den with a view. Same balcony
Thanks for watching & sharing! 😊✨
Hello! Could I know What is the name of the building Unit 2 is located in?
I’m going to be moving to Toronto in the next 12 months and I can’t wait! Is it hard to find furnished apartment? In the UK the standard is most rentals are furnished so this will be new to me. Thanks
Does this price still exist in 2022?
Where is the second apartment?
I would really like to check out apartments in that building
This would help me a lot because I’m on a budget and I need a nice apartment with a good view
And spacious enough and I think the second one would be amazing for college
Wow the units are drop dead gorgeous. As a viewer from the states I'm not familiar with the Toronto markets at all. Would you say for under 2k one can comfortably live in a highly ammenitized building in dt with a view? That's pretty incredible
They were great! Good question - it definitely depends on the person's situation and preferences - but there are definitely more units like these ones for around $2k that give you what was shown!
Guys, this is a great vid and series! It's on par with Serhant vids and he has a whole production team! Great to see TO represented as well as NY or LA. You guys need to get your RE licenses! :)
i use to live in Toronto before i started school. God i miss this city. Thanks for the vid!
Thanks Jonathan! 🙌🏾🙌🏻
hi! Just wondering what the building name is for apartment #1, thanks loved the vid :)
How do you find places to tour and such? Looking into moving, and not sure where to start
We definitely recommend using a realtor (it's free!) - if you're in Toronto, our realtor Christianah's details are linked in the description box 😊
@@stephandden perfect thank you!!!
That's so cool! Reminds me when my gf and I were looking for apartments just a few months ago around the same area.
Thanks Luis! 😊
Just for prospective, in order to leave comfortably in one of these apartments you need to be making at least $20 an hour. Anything less and you won't be able to afford your rent. And bear in mind but these are not rent control Apartments your rent will increase from 1.5% to 2.2% every year, so you will need an annual raise in your paycheck to be able to afford this.
The minimum wage per hour in Ontario in $14. Most Toronto residents make on average $16. 50 to $17. 50 an hour.
Yes, these places definitely aren’t ‘affordable’ on an average salary, especially if you’re living there as one person! In our case we split our $1,850 per month rent ($925 each) and we aren’t aiming to ever spend more than that on rent. 😊
I think these new buildings are not under rent control, which means there's a high risk of the landlord increasing the rent significantly once the lease term expires. $1800 per month looks very attractive now, but wait and see how much that'll increase post-pandemic. If you want to avoid that, I'd rather look for well-managed older apartment buildings. They might not have the fancy amenities, but you get more space for your buck, and they were built to last (solid walls, etc), not like the those new condos with cardboard walls, which will start falling apart in a few years.
Units built before November 2018 fall within the protections listed in the provinces tenant guidelines. Something to keep in mind is that there are still a lot of great/newer units on the market that would remain protected from massive rental hikes 😊
Good luck! Lots of bargains out there - take advantage of your catbird position and lock in something amazing at these low rents which will take you through until it’s time to buy.
Thanks for watching! 😊
Hey Steph & Den! Thanks for this video, it was really nice to see the different condo options in the downtown core. I actually liked that the third unit faced west and away from the city, it feels more peaceful and secluded from all the noise. I was wondering if these condos had similar maintenance fees or if the ones with more amenities increased the fee substantially?
Thanks for watching, Elaine! Good question - we didn't look into maintenance fees as for a renter, they wouldn't have to worry about that 😊 but we'd presume for the owner, yes!
I'm from Windsor, ON and we're getting a lot of the people moving away from TO, so our prices are climbing at a crazy rate. Interested to see you can get so much more in TO for not that much more per month..
The reason Liberty and City Place, the two highly rated ones in the video, are cheaper is because they are less "desirable" places to live in. City place has a moniker called Shitty Place, and Liberty has had so many drug busts and shadiness. Both areas have less reputable builders (e.g. you can hear your neighbour as if you had paper walls) that put a ton of amenities and flashy materials to have the illusion of quality and hip. They are also beside the highway; not desirable. In reality though the other two are the truly "luxurious" or "desirable" ones (comparatively in this video) - the Marlowe and the Bathurst condo are in a significantly more desirable locations (King W, Queen W, Harbourfront), the finish and appliances may not look flashy but of significantly higher import quality.
In short if you care about location and/or "status", don't go for the first two. If you don't, then they will def give you best bang for your buck.
love this apartment series! question about the pandemic price reduction, are the landlords allowed to raise the rent price back up again soon after renting or would it be by year to year lease incremental?
If it's a newer building, then yes - new buildings or extensions built after November 15, 2018 are exempt from rent control, according to Ontario's government page. Learned this recently when hunting so be careful if you're looking for something long-term! Might be something you can negotiate with landlords, though.
Do you mind sharing the address for the first and second building you visited? I'd like to have my agent check them out
Can you please do more of these videos!! It's so awesome to see the different types of apartments Toronto offers at these various prices.
Thanks Amanda! More to come 😊
@@stephandden Yay, can't wait! :D
Where can I find the address of the first two buildings?
I’m from the uk, but i really want to move to Toronto, it seems like such a lovely city :)
We love it here! 😊
$2000.00 a month to live in downtown Toronto is extremely high when you can rent a condo/apartment under 500 square foot in the downtown core for a lot less. The best rental value is to look for condo/apartment under 500 square foot. Why pay for pool/gym when covid19 has lock-down everything in common areas in condominiums
Great point! Thanks for watching 😊
Whats the building name of the 2nd apartment?
Number 2 was definitely the nicest. You guys have nice taste!
Thanks for watching! 😊
these kind of videos are soooo useful and awesome thank you and keep going plz
Yay so glad you liked it! 🙌🏾🙌🏻
Could you share the building names for each of the four?
loveee thanks!!, quick q if the buuilding has a gym or swimming pool can you use it for free if you're a tenant?
Typically it’s baked into the price of your rent!
@@stephandden thanks ! 😆
How do you guys find these units ? And how do you book viewings? I’m trying to book viewings but agents either don’t respond back or ask for credit check and proof that my salary is above a certain level
Hey! Good question - we have a video coming out next week talking about how to actually find units to view! We luckily had a great realtor (@christianahyourrealtor if you're in the GTA) - but it's tough if you aren't working with one who is responsive. & liv.rent is a platform that's new to Toronto (and they're in Vancouver too, if you live in either city!) that we'll share more about soon!
@@stephandden Great thanks! Looking forward to the new video
Make 2.5k each drop 1k from both sides and the rest save 45-70% and in 5 years your more up than 80% of your age bracket and it keeps growing as you age
My faves in one video! Christianah is great 🙌🏾🙌🏾 loved the video
Thanks, Reni! Christianah is amazing 🎉
I wish you shared the names of the building as my son is moving to Toronto this August and this is his budget and we are looking online. :)
Hey everybody, sorry for the stupid question.. but from germany and I’m planning to move to Toronto in the next 2-3 years, are these prices in US or Canadian $ ?
Thanks for the help and the amazing videos !
Hey! The prices are in CAD 😊
What’s the address of the first building you guys visited?
Can you post the links to the listing for these apartments ?
We filmed this months ago so there wouldn’t be links to these units anymore! Thanks for watching 😊
@@stephandden No worries, and thanks for the update 🙂