Over the Oct 2022, the average rent for an apartment in/near Toronto, ON, Canada decreased by 11.9% to CA$3,873.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 1.4% to CA$2,836. Pricing for 2-bed apartment also decreased by 7.7% and a place of this size will now cost you CA$3,938. 3-bed apartment rent pricing starts at CA$4,662, it decreased by 4.9% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 12.1% and made it down to CA$6,317.
The median rent for an apartment in Toronto, ON, Canada decreased by 12% to CA$3,885. Statistics show that house rent price decreased by 13.6% this month making it up to CA$2,012. Condos faced an upward trend these days. The median rent for a condo increased by 1.8%, it’s now available for CA$2,285. An average room will now go for CA$862, the median rent price for a room decreased by 24.7%. The median rent for a townhouse decreased by 23%, you’ll have to spend around CA$4,199 to get one.