If you think being a landlord in Toronto is smooth financial sailing, you can think again. Amid all of the other troubles faced by those offering rental supply in the city lately, a bombing real estate market is now pushing rent prices too low for some to float their properties, while unusually weak demand leaves nary a tenant to be found. The average price of rent in the city and across Ontario has been creeping down for months now amid plummeting real estate sales — especially for condos — and an economic recession. This proportion is a huge leap from last year, when only 36 per cent of purpose-built rental projects were resorting to such marketing tactics. Yet still, vacancy rates have crept up by 0.8 per cent year-over-year.