Urbanation has released its year-end 2016 rental results which find that condo rent in the former City of Toronto has increased an average of 12 per cent year-over-year.

During Q3-2016, the number of condo apartments rented through the MLS system fell by nine per cent from a record high last year to 7,651 units.

CMHC’s recent Q2 financial results stated that during the last quarter, it generated $338 million in net income from its mortgage loan and other programs.

According to Canada Mortgage and Housing Corporation (CMHC)’s 2015 First-Time Homebuyers Survey, new homebuyers are twice as likely to use social media to research information