Toronto's Rental Frenzy Makes for a New Breed of Perks
- Total rental construction rises to 30-year high: Urbanation
- Apartment rents in second quarter jumped 11% from last year
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Here’s a new perk for Toronto apartment renters: Watch your pup frolic on the terrace while sipping a cocktail and enjoying a movie on a 75-inch flat screen TV in the building’s plush cinema room.
The ‘bark park’ is just one of the luxuries on offer at a new downtown apartment building designed to feed the city’s rental frenzy. ‘The Livmore,’ a 43-storey, 595-unit apartment at the corner of Bay and Gerrard Streets cost owners GWL Realty Advisors Inc. more than C$200 million ($152 million) to develop.