Toronto rent prices continue to climb and they just keeps getting worse Toronto TorontoRealEstate RealEstate
on Monday, states that average asking rents increased 9.7 per cent, year over year, across the country to reach an average of $1,984 in February of 2023.average monthly asking rent for properties on a national basis was $1,820
"The annual rate of rent inflation has been moderating since reaching a high of 12.4 per cent in November 2022. Rents decreased 0.6 perct from January 2023, the third consecutive monthly decline, and decreased by a cumulative 2.0 per cent over the past three months, indicating some softening in the market related to reduced affordability in the rental market.
Comparing the rent price hikes and drops between major Canadian cities does little, however, for those who live in said cities and must somehow pay their bills inTo that end, Vancouver remains the most expensive city for renters in Canada, with an average one-bedroom unit being listed at $2,657 per month as of February 2023, and a two-bedroom unit going for $3,716.
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