What are the causes, consequences, and potential solutions to this ever-increasing rent in the Greater Toronto Area?

Condo and apartment research firm Urbanation just announced that purpose-built rentals have hit a new record, surpassing an average rental price of $3,002 per month in Q1-2023. So what does this mean for landlords, if the tenant population cannot afford to live here any more? What can we do to mitigate this risk?

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