Rental Rates in Toronto are Finally Starting to Decline
by“The overall COVID-19 impact would be a downward pressure on rents.”
“The overall COVID-19 impact would be a downward pressure on rents.”
Several experts weigh in on the current rental climate 🏙️
Despite this, Toronto remains the most expensive Canadian city to rent in.
This couple found themselves in need of a new place to live in the middle of the pandemic.
And the average rent for a 2-bedroom dropped 4.1%.
Their new 2-bed, 2-bath in Waterloo costs less than the 1-bed, 1-bath they left in the Distillery District.
Based on their annual survey.
So you’re saying there’s a chance…
A cool $2250 per.
The national rental rate also dropped 3.4% year-over-year.