199-205 Albert St | 81m | 24 fl | U/C

[BuildingScout]

But to address your point, we haven't seen rents lowered much if at all across the region and we already have an oversupply in the Uni area. The rents SHOULD be coming down but they aren't yet, but maybe after all the proposed stuff gets completed we'll see a shift.

My sources say the opposite. One and sometimes even two months free rent are starting to pop up. All you need to do is ask. This is equivalent to an 8% discount. Having said that rents should pull back about 25% to get back in line with inflation.

But as I said, we need even more supply so that prices get back to reasonable levels. There is no reason why one should pay more than $420 for a bedroom in a five unit apartment.