Reasons to Love Toronto Now: because swanky rentals are coming soon
Toronto needs more rental buildings. As housing prices continue to climb out of reach, millennials and young families are recalibrating their five-year plans, searching for ways to build stable futures in borrowed rooms. Their options are limited. Condos, which represent 99 per cent of the city’s new rental supply, leave tenants at the mercy of capricious landlords who can sell at any time—a drag for students in their 20s but a full-blown life crisis for families with kids. Over the past year, a flurry of purpose-built rental developments across the GTA were announced, most of them equipped with the lavish modern amenities—yoga studios, rooftop pools, e-car charging stations—that you’d expect to find in a downtown condo tower. Here, six of the best.