Toronto Continues to Experience Record Rent Declines
byThe average rent for a one-bedroom in Toronto is down 8.3% year-over-year.
The average rent for a one-bedroom in Toronto is down 8.3% year-over-year.
Average 1-bedroom rents in Toronto have dropped for the 4th month in a row.
“The changes, on balance, are either benign or beneficial to tenants.”
If passed, tenant advocates believe the bill would make it easier for landlords to evict renters when COVID is over.
The average rent for all property types reached $2,380 in May.
As a result of job losses, furloughs, health concerns, and caution brought on by the pandemic.
The website allows tenants to report their landlords anonymously.
80% of the 24 Canadian cities tracked saw either flat or declining monthly rent prices in May.
Despite receiving nearly 200 complaints from frustrated residents.
To reach an average of $2,362.