Toronto condos are offering more perks than ever in order to lure in new tenants, and one building is even offering to pay for your move.
As condos and apartments in the city struggle to fill their vacant listings, landlords and property managers are enticing potential renters with move-in incentives like free internet, month-long free rent, and gift cards.
The Selby—the 50-storey luxury rental tower sitting atop restaurant Maison Selby in the heritage Gooderham Mansion—is upping the ante by offering to cover tenants' moving expenses, too.
According to listings from the condo at 592 Sherbourne St., the condo has a few one-bedrooms and two-bedrooms available, ranging from $2,080 to $3,345. There's also a three-bedroom for $3,565.
The Selby on Sherbourne is offering one month of free rent on one-year leases and an offer to reimburse tenants for their moving expenses. Photo via Rentals.ca.
If you decide to sign a 12-month lease, property managers Tricon Residential will give you the first month for free.
They'll also reimburse you for your moving expenses — all you need to do is provide a receipt.
According to a representative of the building, you'll be recommended to work with a specific moving company: The Last Box Moving.
The number of move-in perks have seen a spike since the beginning of COVID-19, says listings website Rentals.ca, and we should expect incentives to be a common offering until demand for condo units catch up to supply.
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