Are Rental Prices Reaching Unaffordable Heights?

Ariel Kormendy and Adrian Trott sat down to dissect the factors contributing to the current rental market dynamics. Is there a significant difference in rental prices between urban and suburban areas? Watch Episode 271 now to learn more!


0:14 – Intro
4:59 – Average Canadian rent price hits new high in October 2023
6:19 – Refer to stats when pricing out your rental property
7:27 – As homeowner expenses went up, rental prices went up
8:45 – The prices of rentals have started to decrease in November 2023
11:39 – Many investors have been recently unloading investment properties
14:36 – What’s causing the decrease in rental applicants?
21:56 – Pros to leasing right now
22:54 – Cons to leasing right now
27:54 – Outro/recap


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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.

Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.

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