Two months free rent, stocked wine fridge among move-in incentives at these Toronto properties

Toronto landlords are becoming more creative with their move-in incentives to entice potential tenants to rent from them.

The Toronto rental market has taken a deep nose dive over the past year as many renters are now working from home and are opting to leave the city to seek more affordable accommodations with bigger spaces elsewhere.

This has driven up the vacancy rate on Toronto rentals and rent prices are dropping all over the city. Just last month, one-bedrooms hit a four-year low, at an average price of $1,770. Not only is there now lower rent, but Toronto landlords are feeling the pressure to add extra move-in incentives to get tenants into their properties.

From free rent and free parking to covered moving expenses and even a fully stocked wine fridge, here are six Toronto properties that are currently offering move-in incentives that are almost too good to pass up, courtesy of Rentals.ca.

25 Selby Street

• One month free rent
• Moving expenses covered

980 Lawrence Avenue East

• $500 Visa gift card for one-year leases on one-bedroom units rented in March and April

410 Dufferin Street

• Two months free rent
• Up to $1,000 in move-in bonuses including:
  • a fully stocked wine fridge from Downtown Winery ($500 value)
  • $300 Ritual gift card
  • $200 Netflix gift card

35 Walmer Road

• One month free rent
• $200 Visa gift card given on same day as application

 

• See also:
  • Toronto landlord repaying moving costs to tenants ousted by carbon monoxide leak
  • Toronto house sells in two days for $620,000 over asking (PHOTOS)

561 Sherbourne Street

• One month free rent
• One year free parking
• $500 move-in incentive

730 St. Clarens Avenue

• One month free rent
• Up to one year free parking