Kijiji ad to rent a house in the junction

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This ad appeared on Kijiji August 11th and posted here because it illustrates how expensive it is becoming to rent a house in the Junction. Will they actually achieve finding someone to rent in the Junction at that price in the current economy?
The ad as posted.

3 Bedroom Semi in Junction

Price: $1,900.00
Street address: 230 Osler Street, Toronto, M6N 2Z1
Location: Toronto
Date Listed: 11-Aug-08

We are looking to rent our 3 bedroom semi detached home in Toronto’s up and coming Junction neighbourhood.
Our home is 3 floors of finished space, ideal for a family or several friends looking to share a home.  The main floor has an open concept, spacious Living Room, Dining Room, Kitchen, with an office/mudroom off the back that leads into a (wood) fenced yard with new cedar deck and single car garage.
The second floor has three bedrooms (one is currently a kitchen, but easily converted back according to your needs) and a newly renovated bathroom with carrera marble floor and claw foot tub.
The basement is completely finished with ensuite laundry, huge closets, 5 piece new bathroom, and a second living room or fourth bedroom.  Also with separate walk out.
There is central AC throughout, and we are located close to high park, dundas west, roncy, and st clair village.
The home is available after august 17th for $1900 a month plus utlities….we look forward to hearing from you.

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