Even during a pandemic, the real-estate market has continued tosoar in Toronto. What’s more, home prices have been outstripping income over the past several decades, making home ownership now tough for many. While home ownership may have been the primary goal in the past, renting makes a lot of sense for many people now, some experts say. Which is why new builds that are offering options for renters ranging from urban singles to larger families — like Evolv, in the revitalized east-downtown neighbourhood of Regent Park — are such a hot option in the current Toronto market.READ: Regent Park Redux: How the Neighbourhood Has Become a Beacon of Revitalization When it Makes Sense to Rent Many people “grew up with parents telling us, ‘You need to own,’” says financial advisorChristopher Dewdney, principal at Dewdney and Co. But “it’s a misconception that it’s right for everyone.” There are many reasons renting makes sense for people, from both a financial and a lifestyle point of view
