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Go ahead, just try to rent an apartment in Toronto.

The feat is getting even harder, with supply tight and prices showing no sign of retreating. The vacancy rate in the fourth quarter was among the lowest ever, at 0.3 per cent, according to Urbanation Inc. The average monthly rent for a condominium rose by 9.1 per cent to $2,166 from a year earlier.

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That’s the second-largest increase since 2010, when Urbanation began tracking the number, after a record year-over-year jump of 12 per cent in the third quarter. Downtown rents surged even more, sending apartment hunters out to the suburbs.

“This has continued to raise the confidence of developers to add more units to the pipeline, a trend that will need to continue in order to meet future housing needs,” Shaun Hildebrand, senior vice president, said in a statement. Rental development climbed to the highest level in over 25 years, ending 2017 at 7,184 units under construction.