There still seems to be an expectation that apartment rent prices will rise this year, but I don’t buy it. The supply of housing is simply too big, and there are too many speculative investors out out there with precarious finances. Many homeowners that stretched to buy another home hoping to flip it are now going to have to put it out for rent to limit their losses. This time around, I expect severe price weakness in the housing and condo markets will drive apartment rents lower.
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