Rent Reports

TORONTO, ONTARIO, April 27, 2023 – Strong population growth coupled with high borrowing costs continued to exert pressure on the Greater Toronto Area (GTA) condominium apartment rental market in the first quarter of 2023. While the market did benefit from an increase in listings, competition between renters remained intense, with average rents growing by double-digit or high single-digit annual rates.

TORONTO, ONTARIO, January 31, 2023 - Average condominium apartment rents continued to increase by double-digit annual rates in the fourth quarter of 2022. However, while market conditions remained tight enough to support very strong rent growth, there was more balance in the rental marketplace compared to the same period a year earlier in 2021.

TORONTO, ONTARIO, January 31, 2023 - Average condominium apartment rents continued to increase by double-digit annual rates in the fourth quarter of 2022. However, while market conditions remained tight enough to support very strong rent growth, there was more balance in the rental marketplace compared to the same period a year earlier in 2021.

TORONTO, ONTARIO, October 27, 2022 – Double-digit year-over-year rent increases continued to be the norm in Q3 2022. With many would-be first-time buyers temporarily on the sidelines in the Greater Toronto Area (GTA), due to higher borrowing costs, rental demand has remained strong in the face of falling supply. Competition for condo rentals has intensified as a result and negotiated rents have increased dramatically

TORONTO, ONTARIO, July 28, 2022 – Condominium apartment rental market conditions have tightened dramatically over the past year. Average rents for one bedroom and two-bedroom apartments are now both at record levels, surpassing the previous peak in Q3 2019.