Quebec City vs Toronto: the 2026 rent gap at a glance

Quebec City or Toronto? If affordability is your main concern, the answer is clear. Average one-bedroom rents in Quebec City sit near $1,395/month, compared to $1,970/month in Toronto as of June 2026, according to Zumper’s June 2026 national rent data and liv.rent’s June 2026 Ontario Rent Report respectively. That is roughly $7,000 in savings per year on rent alone, before touching utilities, childcare, or transit.

This guide covers average rents by unit type, how the legal frameworks compare, the best neighbourhoods in each city, and the full cost-of-living picture.

Quebec City vs Toronto rental comparison: the 2026 snapshot

Average rent by bedroom type: Quebec City vs Toronto side by side

Toronto figures come from liv.rent’s June 2026 Ontario Rent Report; Quebec City figures come from Zumper’s June 2026 data.

At the two-bedroom level the gap widens to over $1,000/month. For a family renting a three-bedroom, the annual difference approaches $15,000.

How vacancy rates differ between the two cities

Toronto’s purpose-built rental vacancy rate climbed to approximately 3.0% in 2025, the highest since 2021, according to CMHC data, giving renters meaningful negotiating room. Quebec City’s vacancy is projected at approximately 1.8% in 2026 per getahouse.ca’s 2026 market analysis, meaning supply is tight and renters face more competition for available units.

Why the rent gap between Quebec City and Toronto keeps widening

Toronto has absorbed a wave of new condo completions while experiencing a decline in international student populations, adding supply just as demand softened. According to liv.rent’s June 2026 Ontario Rent Report, average one-bedroom unfurnished rents across Ontario fell 8.14% year-over-year. Quebec City operates under a regulated rental environment where the Tribunal administratif du logement (TAL) sets an annual rent increase guideline and new construction has not kept pace with population growth, keeping supply constrained.

Rent prices in Quebec City vs Toronto by unit type and neighbourhood

One-bedroom rent averages: Quebec City vs Toronto 2026

According to liv.rent’s June 2026 Ontario Rent Report, Downtown Toronto recorded the smallest year-over-year decline among major Ontario markets, falling just 1.69% to $1,970/month. Surrounding areas fell harder: Vaughan-Richmond Hill dropped 15.21% to $1,845/month and Markham fell 13.69%.

Two-bedroom and three-bedroom rent averages compared

Two-bedroom units in Quebec City average approximately $1,450/month, versus $2,478/month in Toronto. Three-bedroom units in Toronto averaged $3,131/month per liv.rent’s June 2026 Ontario data, while comparable units in Quebec City are typically available near $1,900/month.

Most affordable and most expensive neighbourhoods in each city

In Quebec City, Zumper’s June 2026 neighbourhood data shows Lairet averaging approximately $1,374/month and Montcalm around $1,480/month. Limoilou, family-friendly and just east of Old Quebec, sees condo rentals ranging from $1,400 to $2,200/month according to Vistoo’s March 2026 market data.

For a current neighbourhood-by-neighbourhood breakdown across the GTA, liv.rent’s Ontario Rent Reports are updated monthly.

Tenant rights in Quebec City vs Toronto: what every renter needs to know

How the TAL governs rentals in Quebec City

In Quebec, residential tenancies fall under the Civil Code of Quebec, with the Tribunal administratif du logement (TAL) as the dispute body. The TAL publishes an annual rent increase suggestion as a reference point for negotiations, not a hard cap. For leases renewing between April 2, 2026 and April 1, 2027, that suggestion is 3.1%, as confirmed by CBC News following the January 2026 TAL announcement, down from 4.5% for leases renewing on or before April 1, 2026. If a tenant refuses a proposed increase, the landlord has one month to apply to the TAL or the lease automatically renews at the previous rate.

On deposits, Article 1904 of the Civil Code of Quebec prohibits landlords from requiring any amount beyond the first month’s rent. No damage deposits, no key deposits, no last month’s rent.

How the Landlord and Tenant Board governs rentals in Toronto

In Ontario, the Residential Tenancies Act (RTA) governs tenancies, with the Landlord and Tenant Board (LTB) handling disputes. The Government of Ontario has set the 2026 rent increase guideline at 2.1%, the lowest in four years, down from 2.5% in 2025. This applies to units first occupied before November 15, 2018. Units occupied on or after that date are exempt, meaning landlords can raise rent by any amount with 90 days’ written notice. liv.rent’s rental laws hub covers the RTA and current LTB procedures in plain language.

Unlike Quebec, Ontario permits landlords to collect first and last month’s rent as a deposit at lease signing.

Key differences: deposits, lease renewals, and rent increase rules

Cost of living comparison: Quebec City vs Toronto beyond rent

According to Numbeo’s May 2026 cost of living comparison, the overall cost of living including rent in Quebec City is approximately 21.5% lower than in Toronto.

Childcare costs: Quebec City’s advantage for families

This is one of the starkest differences for families with young children. Quebec’s subsidized childcare program sets the 2026 daily rate at $9.65 per child, confirmed on the Gouvernement du Québec’s official childcare costs page. At five days a week, that is roughly $210/month per child. In Toronto, licensed daycares enrolled in the federal Canada-Wide Early Learning and Child Care (CWELCC) program are capped at $22/day per the City of Toronto’s early learning centre fee schedule, translating to approximately $480/month. Centres not enrolled in CWELCC charge market rates, with toddler care averaging around $1,518/month according to Metropolitan Mom’s 2026 childcare breakdown. Even at the subsidized Toronto rate, a family with one child pays more than twice what they would in Quebec City.

Transit costs compared

The TTC adult monthly pass costs $156, confirmed on the TTC’s official fares page. Starting September 1, 2026, the TTC is replacing monthly passes with fare capping, under which riders travel free after 47 trips in a calendar month. Quebec City’s Réseau de transport de la Capitale (RTC) monthly pass is priced below the TTC equivalent, though Quebec City is more car-dependent overall, so transportation costs vary considerably depending on where you live and work.

Best neighbourhoods for renters in Quebec City vs Toronto in 2026

Top renter-friendly neighbourhoods in Quebec City

Saint-Roch is Quebec City’s arts and technology district, popular with young professionals drawn to its walkable streets, independent cafes, and proximity to tech employers.

Limoilou sits just east of Old Quebec, family-friendly and affordable, with condo rentals ranging from $1,400 to $2,200/month per Vistoo’s March 2026 data.

Montcalm is the upscale option, walkable to the Plains of Abraham, with one-bedroom rents around $1,480/month according to Zumper’s June 2026 data. Sainte-Foy serves as the university corridor near Université Laval, suited to students and younger renters.

Top renter-friendly neighbourhoods in Toronto and the GTA

Downtown Toronto’s rent resilience, a 1.69% year-over-year decline to $1,970/month per liv.rent’s June 2026 Ontario Rent Report, reflects consistent demand from professionals and students who prioritise proximity to employment and the TTC. Vaughan-Richmond Hill fell to $1,845/month, making it one of the most affordable major GTA markets tracked this year. For monthly neighbourhood-level updates, liv.rent’s Ontario Rent Reports remain the most current first-party resource.

Which city offers better neighbourhood value for the budget?

Quebec City delivers more space per dollar. The trade-off is practical: fluency in French is effectively required for most professional work there. For English-speaking renters, Toronto’s larger job market, denser transit network, and currently elevated rental supply may justify the premium.

Vacancy rates and rental market trends: Quebec City vs Toronto 2026

Toronto rental market in 2026: falling rents and rising vacancies

CMHC data shows Toronto’s purpose-built vacancy rate reached approximately 3.0%, the highest since 2021. According to liv.rent’s June 2026 Ontario Rent Report, one-bedroom unfurnished rents across Ontario fell 8.14% year-over-year, with some GTA submarkets seeing corrections exceeding 15%. Downtown Toronto declined just 1.69% to $1,970/month, suggesting the urban core has remained relatively insulated.

Quebec City rental market in 2026: tight supply and rising demand

Quebec City’s vacancy is projected at approximately 1.8% for 2026 per getahouse.ca, and rents have risen approximately 5% from their previous base. New construction has not kept up with population growth, so renters should expect faster-moving listings and limited room to negotiate.

What these trends mean for renters and landlords

For renters, Toronto’s current conditions offer negotiating leverage that has been rare in recent years, particularly outside the downtown core. Quebec City’s tight market rewards speed and preparation. For landlords in either market, liv.rent’s Ontario Rent Reports track conditions monthly, and the free rent estimate tool at landlords.liv.rent helps benchmark a unit against live market data.

How to find and rent an apartment in Quebec City or Toronto with liv.rent

liv.rent lists verified rental properties across Canada, including Quebec City and Toronto. Every listing goes through an identity verification process, reducing the risk of rental fraud. Renters can browse listings, message landlords directly, and submit applications all in one place.

Before signing anywhere, confirm which legal framework applies to your unit. In Ontario, check whether your unit was first occupied before or after November 15, 2018, since that single date determines whether the 2.1% rent increase guideline applies. Winter months bring lower competition in both cities, and landlords in softer markets are often more willing to negotiate on price or include incentives. For landlords, liv.rent’s Trust Score supports tenant screening in compliance with both Ontario and Quebec lease requirements.

Sign up for free on liv.rent to access verified listings in both cities.

Frequently asked questions

The post Quebec City vs Toronto: rental comparison guide 2026 appeared first on liv.rent blog.

Thinking about renting an apartment in Dundas? You’re definitely not the only one. Tucked into a scenic valley on the western edge of Hamilton, Dundas has become a go-to spot for people who want greenery, walkability, and a slower pace without giving up city access. It’s got that small-town charm, but you’re still minutes from everything you need. That said, renting here takes a bit of strategy. The market moves fast, prices have climbed over the years, and Ontario has rules every renter should understand. Let’s walk through what really matters when renting in Dundas.

Understanding the Dundas rental market 2026

Dundas continues to be one of the most sought-after pockets within Hamilton. People love the trails, the historic downtown, and the strong community vibe, and that demand keeps rentals competitive. You won’t see many towering high-rises here. Instead, most rentals fall into smaller apartment buildings, basement suites, duplexes, and a handful of condo-style units. Limited inventory means good places don’t last long. In 2026, you can expect:

• Strong demand for one-bedroom units
• Families competing for two- and three-bedroom spaces
• Slightly higher pricing compared to other parts of Hamilton

If a listing checks your boxes, be ready to move quickly, just make sure you’ve done your homework first.

Budgeting for your Dundas apartment

Before you dive into listings, take a minute to crunch the numbers. A good rule of thumb is to keep rent around 30–35% of your monthly income. That way, you’re not stretched thin when other expenses pop up. Make sure you factor in:

• Utilities (hydro, heat, sometimes water)
• Internet
• Parking (if it’s extra)
• Tenant insurance (often required and usually affordable)
• Moving costs

It’s easy to fall in love with something that tests your budget but having financial stability will matter a lot more six months from now. Choosing something that is practical, afforable and has your desired requirements will set you up for success.

Lease agreements and legal considerations: lease terms & legal rights (Ontario rules)

In Ontario, most rentals fall under the Residential Tenancies Act and use the province’s standard lease.

• Most leases begin as 12-month agreements
• After that, they typically roll into month-to-month automatically
• Rent can only be increased once every 12 months, with proper notice
• Tenants usually must provide 60 days’ notice before moving out
• Rents can only be increased 2.1% in Ontario in 2026

Landlords can legally ask for first and last month’s rent, but not a damage deposit. If someone requests extra deposits beyond what’s allowed, consider that a red flag. And remember: once you sign the lease, it’s legally binding, so ask questions beforehand if anything feels unclear.

Choosing the right apartment type

Dundas offers a mix of housing styles, and each comes with trade-offs. Apartment buildings may offer professional management and occasional amenities. Basement apartments are often more affordable, though they may have lower ceilings or limited natural light. Duplexes and converted homes can feel quieter and more residential. Here are things you should consider:

• Do I need guaranteed parking?
• Is in-unit laundry important to me?
• Am I comfortable with stairs?
• How much everyday noise can I tolerate?

These are just a few examples, it is important to know what matters to you before making a choice. Getting clear on your must-haves early will save you time and stress.

Location & Neighbourhood

Where you live in Dundas can completely shape your experience. Closer to downtown? You’ll have easy access to cafés, local shops, and community events. Nearer to nature? You’re steps from trails and conservation areas. If you commute into Hamilton or to nearby institutions, being close to transit routes can make a big difference. Before committing, walk the neighbourhood. Visit in the evening, take notice of the lighting, street parking, traffic noise, things of that nature. Your apartment matters, but so does the block it’s on.

Viewing & application prep

When you book a viewing, treat it like an opportunity, not just a casual look around.
Confirm ahead of time what’s included in the rent. Ask what documents you’ll need if you decide to apply. Bring ID, proof of income, and references so you’re ready to move forward quickly. In a competitive market like Dundas, preparation can give you a real edge.

Preparing a strong Rental application

Landlords are typically looking for tenants who are reliable, respectful, and financially stable. A solid application usually includes:

• Proof of steady income
• A credit check
• References from previous landlords
• A brief introduction about yourself

If you have pets, mention them upfront. If your credit history isn’t perfect, offer a short, honest explanation. Transparency goes a long way toward building trust.

Inspecting the apartment before signing

Before you hand over any money, take your time inspecting the unit. Turn on faucets and showers. Test light switches and outlets. Open windows. Check for drafts, water damage, mould, or signs of pests. Look closely at locks and entry points. If something needs repair, ask for it in writing before signing. Take photos for your own records. It protects both you and the landlord and prevents misunderstandings later.

Policies & amenities

It’s often the small details that cause the biggest frustrations later, so clarify them early. Are pets allowed? Is parking included? Is there storage space? Who handles snow removal? What’s the guest policy? Also ask how maintenance requests are managed. A responsive landlord or property manager can make a huge difference in your day-to-day comfort.

Timing & demand

Spring and summer are typically the busiest moving seasons. Students, families, and job relocations tend to peak during warmer months, which increases competition. If you’re able to move in late fall or winter, you might face fewer applicants — though available listings can also be more limited. Try to start your search at least 30–60 days before your ideal move-in date so you’re not scrambling at the last minute.

Avoid scams

Unfortunately, rental scams exist everywhere, even in smaller communities. Be cautious if:

• The rent seems far below market value
• The landlord refuses to show the unit in person
• You’re asked to send money before signing a lease
• There’s pressure to “act immediately” without proper paperwork

Never send deposits without seeing the unit and signing the official lease.

Final checklist before signing

Before you commit, double-check that:

• You’ve read and understood the entire lease
• You know exactly what’s included in rent
• Utility responsibilities are clearly outlined
• You’ve thoroughly inspected the unit
• You have copies of all signed documents

Renting in Dundas can be a fantastic experience when you go in informed and prepared. Take your time, trust your instincts, and remember, the right place should feel exciting but also practical and sustainable.

Frequently Asked Questions (FAQs)

The post What to consider when renting an apartment in Dundas, Ontario appeared first on liv.rent blog.

The new year is here, and for many renters in Ottawa, it could mean a little extra money in your pocket depending on the type of building you live in. On January 1, an automatic rent reduction took effect thanks to a drop in municipal property taxes for certain older apartment buildings. While the savings are modest, they are a welcome boost for renters and a step toward fairer housing costs. This blog will break down the Ottawa Rent Cut 2026, who benefits, and what it could mean for the rental market moving forward.

What is the Ottawa Rent Cut 2026 and why is it happening?

In 2026, many Ottawa renters will see their rent go down because the city is lowering property taxes on older apartment buildings. The City Council decided to gradually reduce the tax rate for buildings built before 2001, starting in 2025, to make it fairer compared to newer buildings. Councillor Shawn Menard pushed for this change to correct what he called years of unfairly high taxes on older apartments, which are often cheaper for the city to maintain. This tax change is what triggered the automatic rent reduction for tenants.

Key Details:

The Ottawa rent reduction is now happening, and eligible renters should start seeing it in their monthly rent. Here’s a quick look at the key details of what’s changing:

• Automatic rent reduction begins Jan. 1, 2026 for thousands of Ottawa tenants due to a municipal property tax decrease affecting older apartment buildings.
  
• Rent will be reduced by 0.89%, which equals about $16 per month on a $2,000 rent or $192 in annual savings.
  
• The reduction applies because the City of Ottawa cut property taxes by 4.5% in 2025 for multi-residential buildings built before 2001, triggering a mandatory rent decrease under Ontario law.
  
• The change is part of a multi-year plan to bring tax fairness by lowering the higher tax rate historically charged to older apartment buildings to match newer ones.
  
• Under the Residential Tenancies Act, tenants do not need landlord or Landlord and Tenant Board approval to apply the rent reduction; it is automatic and takes effect the year after the tax cut.

Which Ottawa neighbourhoods are most affected?

Certain Ottawa neighbourhoods are affected more by the 2026 rent reduction because they have a higher concentration of older, multi-residential apartment buildings. These areas were largely developed before 2001, when higher municipal tax rates were applied to apartment buildings, making more tenants eligible for the automatic rent reduction now that those taxes are being lowered. Here are the most impacted areas:

Somerset Ward

• About 8,994 eligible units, the highest in the city
• Features many older mid-rise and high-rise rental buildings built before 2001, especially in central and downtown areas

Bay Ward

• Approximately 8,591 eligible units
• Contains large clusters of aging apartment complexes that house long-term renters

Rideau-Vanier Ward

• Around 7,164 eligible units
• One of Ottawa’s oldest residential areas, with a dense supply of pre-2001 rental housing

Alta Vista Ward

• Roughly 5,682 eligible units
• Includes several established apartment corridors developed decades ago

Why this rent adjustment matters

This rent adjustment matters because it delivers automatic, legally protected savings to thousands of Canadian renters without requiring applications or negotiations. By correcting long-standing tax unfairness on older rental buildings, it helps ease monthly housing costs and signals that governments can take concrete steps to improve rental affordability—offering renters a rare and hopeful win during a housing crisis.

What this means for renters and landlords

This change gives renters a small but guaranteed drop in rent, helping offset rising living costs without added paperwork or approval. For landlords, it reflects reduced property taxes and a legal responsibility to share those savings. Overall, it promotes fairness, transparency, and clearer communication, showing how tax policy can support renters while keeping rental housing financially stable.

How to track Ottawa rent trends

To keep an eye on Ottawa rent trends, it helps to check a few sources regularly. Monitor listings on sites like liv.rent, which show current rentals and average prices. You can also follow local news, city housing updates, and CMHC reports to spot changes in rent levels before they affect you. Talking to neighbours or tenant groups can give real-world insight, and tracking your own rent history helps you notice patterns over time.

Ottawa rental overview: Impacts of Rent Reductions

The Ottawa rental market has been challenging, with rising rents making it harder for many people to afford housing. Measures like the 2026 rent reduction give renters a small but meaningful break, showing that government policy can directly help ease costs. Over time, these changes could encourage fairer rent practices, improve transparency between landlords and tenants, and set a precedent for more proactive steps to make renting more affordable, giving renters hope in a tight market.

Frequently Asked Questions (FAQs)

Who is eligible for the 2026 Ottawa rent reduction?

Tenants living in apartment buildings built before 2001 who occupy their unit as of December 31, 2025 are eligible for the automatic rent reduction starting January 1, 2026.

What is the automatic rent reduction in Ontario?

The automatic rent reduction is a rule under Ontario’s Residential Tenancies Act that requires rents to decrease when a landlord’s municipal property taxes drop by more than 2.49%, without tenants needing approval or an application.

Rethink The Way You Rent

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The post Ottawa Renters Update 2026: What Do The Latest Rent Cuts Mean for Tenants? appeared first on liv.rent blog.

Navigating Ontario’s evolving rental landscape can feel overwhelming, especially with new rules, proposed changes, and shifting rent guidelines. In 2026, tenants face important updates to the Ontario Residential Tenancies Act—from Bill 60’s potential impact on eviction processes to annual rent-increase limits and impacted protections. This guide breaks down everything you need to know in clear, practical terms, helping you understand your rights, stay informed, and confidently manage your rental situation. 

Note: This post has been updated to reflect the byLaw Starting June 1, 2026, the City of Toronto’s new Indoor Temperature Standards bylaw (which replaces the previous heating bylaw) officially takes effect.

Summary of legislative updates

• Bill 60 changes how eviction cases for unpaid rent work, including faster timelines. 
• Tenants must now pay 50% of claimed rent arrears before raising maintenance issues in a non-payment hearing. 
• Appeal periods and hearing processes are becoming shorter and more streamlined. 
• Core protections — maintenance, repairs, privacy, safety, and essential services — remain in place. 
• For 2026, Ontario’s rent increase guideline is 2.1%.
• Toronto Indoor Temperature Standards Bylaw: Starting June 1, 2026, apartment buildings in Toronto’s RentSafeTO program must provide access to at least one cooled indoor amenity space. Read more for details
  

What’s new for Ontario tenants in 2026?

• Harder to use maintenance issues as a defence unless part of the owed rent is paid upfront. 

• Expect quicker LTB scheduling, faster decisions, and tighter deadlines. 

• No changes to your basic rights: safe housing, repairs, heat, privacy, and protection from illegal fees.

Understanding Ontario Bill 60: What it means for tenants and landlords

What is Bill 60?

Bill 60, the Fighting Delays, Building Faster Act, 2025, was passed on November 24, 2025, and introduces major changes to Ontario’s rental system. The bill affects how leases renew and accelerates eviction timelines, shifting the balance between stability for tenants and flexibility for landlords.

Changes to tenancy and rental housing

Schedule 12 of the bill brings major updates to the Residential Tenancies Act. Landlords may now evict tenants for unpaid rent after providing seven days’ notice, instead of the previous 15 days. 

For personal-use evictions, landlords who give 120 days’ notice are no longer required to compensate tenants or provide alternative accommodation. In addition, the window to appeal an eviction order has been shortened from 30 days to 15.

Changes to fixed-term leases

Under the new rules, fixed-term leases no longer automatically convert to month-to-month agreements. This gives landlords more freedom to renegotiate terms or end leases altogether. Eviction timelines have also shortened, meaning tenants have fewer days to respond before landlords can apply to the Landlord and Tenant Board. Although rent control remains in place—capping increases at 2.5% in 2025 and 2.1% in 2026—the stability it once provided may weaken due to these renewal changes.

Bill 60 tenant protections

Bill 60 introduces major changes that tenants and renters should understand, as they significantly affect protections. Core protections include:
 

• You still have the right to a safe, well-maintained home. 

• Essential services like heat, water, and electricity cannot be cut off. 

• Landlords must still give proper notice before entering your unit. 

• Tenants without a lease continue to have full protections under the RTA. 

• Landlords cannot charge illegal fees or extra costs not allowed by law.
  
  

How Bill 60 changes landlord responsibilities

For landlords, Bill 60 offers increased operational flexibility and faster resolution of disputes or non-payment situations. This can improve cash-flow predictability. However, it also brings new risks. Higher turnover can lead to more vacancies, exposing properties to theft, vandalism, or damage—issues often not fully covered under standard landlord insurance. 
 

Maintenance may be deferred if landlords prioritize quick turnover, increasing liability concerns. Public scrutiny and regulatory attention could also intensify if eviction rates rise. At the same time, insurers may begin viewing high-turnover buildings as higher risk, leading to stricter requirements such as tenant insurance mandates or more frequent inspections. To stay protected, landlords may need stronger liability coverage, legal expense insurance, and vacancy endorsements. 

Ontario rent increase rules 2026

What is the 2026  rent cap?

The increase guideline for 2026 is set at 2.1%, meaning landlords cannot raise rent more than 2.1% in a given year without special approval.

Right to Safe and Habitable Housing

Landlords must give tenants proper notice — typically 90 days before applying a rent increase under rent-control guidelines. Rent increases under the guideline may only occur once every 12 months. 
 
The increase guideline for 2026 is set at 2.1%, meaning landlords cannot raise rent more than 2.1% in a given year without special approval.

Above-Guideline Rent Increases (AGIs)

 
Above-Guideline Rent Increases (AGIs) refer to rent hikes beyond the standard guideline — permitted only under specific circumstances, such as major capital repairs or extraordinary operating cost increases. For an AGI to be approved, landlords typically must apply for permission and demonstrate justified reasons under the law.

Capital expenditure vs. current expenses — Condensed guide

Expenses that extend a property’s life or improve it beyond its original condition are generally capital expenses, while costs that simply maintain or restore the property are usually current expenses. Market value increases don’t determine the classification. 

Key distinctions: 

• Lasting benefit: Long-term improvements (e.g., installing vinyl siding) are capital. Recurring upkeep (e.g., repainting) is current. 

• Maintenance vs. improvement: Upgrades that enhance the property (e.g., replacing wooden steps with concrete) are capital; repairs that return it to original condition are current. 

• Separate asset vs. part of the property: Replacing a standalone item (e.g., a fridge) is capital; fixing or replacing parts of the structure (e.g., rewiring) is current, unless it upgrades the property. 

• Cost relative to the property: A high-value expense may indicate a capital item, but large overdue maintenance costs can still be current. 

• Repairs to newly acquired used property: Fixing it to make it usable is treated as capital. 

• Repairs made to sell a property: Repairs done specifically to meet sale conditions are capital; repairs that would have happened anyway remain current. 

How vacancy decontrol works (rent reset)

Vacancy decontrol in Ontario means landlords can raise the rent to whatever they want only when a tenant moves out, usually adjusted to reflect current rates. While someone is living in the unit, their rent increases are limited by the province’s yearly cap. 

So, in simple terms: 

• Your rent is protected while you stay. 

• If you move out, the landlord can reset the rent to market rates. 

• The next tenant is again protected by the annual rent-increase limits. 

Bill 60 and tenant/landlord negotiations

Bill 60 makes it harder for tenants to challenge evictions. To speak up about problems at an eviction hearing, tenants now have to pay at least 50% of the rent the landlord says they owe. This can make it tougher to bring forward new evidence. The time to appeal an eviction has also been cut from 30 days to 15, giving tenants less time to fight a decision. 
 

Because of these changes, tenants should take steps to protect themselves: keep good records, understand their lease, and know where to get legal or community help. Having a good relationship with your landlord or property manager can also make it easier to negotiate payment plans or handle maintenance issues. 

Updated eviction grounds

Non-payment (N4)

Under Bill 60, a landlord can issue an N4 and begin eviction proceedings after just 7 days of unpaid rent — speeding up the eviction process. 

Interference, unsafe behaviour (N5)

This form still applies when a tenant disturbs other residents, damages the property, or causes overcrowding. 

Landlord’s own use (N12)

Landlords may use N13 to evict tenants if they need to renovate, repair, or demolish the unit. Under the new law, such evictions may go ahead — but tenants sometimes have a right to re-rent once work is done.

LTB hearing process – step-by-step

1. What the LTB Does 

The Landlord and Tenant Board (LTB) is like a small court that settles problems between landlords and tenants. It works under the Residential Tenancies Act (RTA). Hearings are meant to be fair, faster, and more structured under Bill 60. 
 

2. Before the Hearing: Get Prepared 
 

A. Know your hearing date 

• The LTB gives you a specific date and time. 

• Do not miss it. Under Bill 60’s stricter timelines, missing a hearing often means the decision will be made without you. 

B. Gather your evidence 

You can use: 

• Documents (emails, notices, receipts, leases) 

• Photos or videos 

• Witnesses 

• Anything that clearly proves your point 
  
  Tip: Organize everything ahead of time so it’s easy to explain during the hearing and you don’t get nervous or lose your place. 

C. Decide who will represent you 

• You can speak for yourself 

• Or hire a lawyer, paralegal, or legal clinic 
   

3. What Happens During the Hearing 
 

A. Similar to court, but simpler 
 

• A neutral LTB member (the “decision-maker”) runs the hearing. 

• Each side gets a turn to tell their story and show evidence. 
   

B. You MUST follow the order of the hearing 

Typically: 

1. Introductions and reviewing the issues 

2. Landlord presents their case 

3. Tenant presents their case 

4. Questions from the LTB member 

5. Final comments 
    

C. Stay respectful and stick to the facts 
 

Bill 60 encourages tighter control of hearings, so the member may: 

• Cut off irrelevant arguments 

• Set strict time limits 

• Enforce evidence rules more firmly 
   

4. After the Hearing: How Decisions Work 
 

• The LTB member reviews the evidence and testimony. 

• A written decision is sent later (Bill 60 aims to speed this up). 

• The decision is legally binding. 
  If you believe there was a serious error, you may request: 

• A review (asking the LTB to reconsider), or 

• An appeal (on a legal question, to Divisional Court) 
   

5. Tips for Success 

• Be on time. Bill 60 allows fewer delays and adjournments. 

• Be organized. Clear evidence = stronger case. 

• Be concise. Hearings move faster now. 

• Follow instructions. The LTB member’s directions are final during the hearing. 

Illegal evictions

Illegal evictions happen when a landlord forces a tenant out without following required LTB procedures, such as issuing proper notices, obtaining an LTB eviction order, and using the Sheriff for enforcement. Lockouts, intimidation, shutting off utilities, or removing belongings are all unlawful. Tenants can seek compensation, reinstatement, and significant monetary penalties through the LTB if an illegal eviction occurs.

Best practices for landlords to avoid penalties

Landlords can avoid penalties by strictly following the Residential Tenancies Act, using proper LTB forms, giving correct notice periods, and keeping clear documentation of all communication. They should avoid self-help evictions, maintain the unit properly, and act in good faith when serving notices. Seeking legal advice when unsure and treating tenants respectfully greatly reduces legal and financial risks.

Landlord and tenant rights and responsibilities

Tenant rights

• You have the right to a safe, clean, and well-maintained home. 

• You have the right to privacy — your landlord can’t enter without proper notice or a valid reason. 

• You keep your rights even if your lease ends or you never had a written lease.

Maintenance and essential services

• The landlord must repair and maintain the unit (plumbing, heat, electricity, etc.). 

• Heat, electricity, and water are essential services and cannot be cut off. 

• If repairs aren’t done, you can file a complaint with the Landlord and Tenant Board (LTB).

Heat requirements

• From Sept 1 to June 15, landlords must provide heat. 

• Indoor temperatures must meet local standards and be safe and livable.
  

Pest control & mould response times

• Landlords must deal with pests (mice, cockroaches, bedbugs, etc.). 

• Landlords must fix issues like leaks, dampness, and mould. 

• If they don’t respond after you report the issue, you can take it to the LTB.

Safety and security requirements

• Landlords must ensure working smoke/CO alarms, safe wiring, secure doors/locks, and safe common areas. 

• Hallways, stairs, lighting, garbage areas, and snow removal are the landlord’s responsibility.

Privacy and entry rights

• Landlords must give 24-hour written notice to enter, and only between 8 a.m. – 8 p.m. 

• Entry without notice is allowed only for emergencies or if you agree at the time. 

• Entering without proper notice violates your right to privacy.

Rights for tenants without a lease

• If your lease ends or you never had one, you still have full tenant rights as long as you pay rent. 

• All rules about maintenance, services, and privacy still apply.

Bill 60 — what changes for tenants (review)

• Tenants must pay 50% of the rent arrears before raising maintenance issues in a non-payment eviction hearing. 

• Landlords can file for eviction for unpaid rent sooner (7 days instead of 14). 

• Appeals and hearing timelines may be shorter, making cases move faster. 

• Core tenant protections (maintenance, privacy, essential services) still remain. 

Required documents and notices

Standard lease requirements

• Most new tenancies must use Ontario’s Standard Lease form. 

• If the landlord doesn’t provide it when required, the tenant can request it and specific remedies may apply.

Rent increase forms

• Rent increases must be given on the official form and with 90 days’ written notice. 

• Increases must follow the annual guideline unless the landlord has special approval. 
  

Eviction notices (N-series)

• Eviction steps start with an official “N” notice (like N4 for non-payment or N5 for disturbances). 

• An N-notice is not an eviction — the landlord still needs an LTB hearing and order.

Energy and safety disclosures

• Landlords must give tenants information on utilities that are individually metered, and must ensure smoke/CO alarms and safety systems are working. 

• Any required safety documents must be provided at the start of tenancy or on request. 
   

Maintenance logs (requirement for many buildings)

• Larger buildings often must keep written maintenance records (repairs, inspections, pest treatments). 

• Tenants can request information related to issues in their unit or building.
  
  

Illegal fees checklist

Landlords cannot charge for: 

• Application fees.

• Key deposits above the cost of replacement.

• Additional fees for basic repairs or maintenance.

• Mandatory fees for services not agreed to in the lease. 

• “Move-in” or “administration” fees not allowed under the RTA. 

Toronto 2026 update: New indoor temperature standards Bylaw (Effective June 1, 2026)

Starting June 1, 2026, apartment buildings in Toronto’s RentSafeTO program must provide access to at least one cooled indoor amenity space if:

1. the building is in the RentSafeTO program;
2. the building does not provide cooling in every rental unit;
3. the building already has an indoor amenity space; and
4. meeting the requirement does not require construction.

That indoor amenity space must be kept at 26°C or below from June 1 to September 30 each year. Toronto describes an indoor amenity space as a shared, accessible space open to all building occupants for recreation or social gatherings. Hallways, lobbies, and laundry rooms do not count as amenity spaces.

https://www.toronto.ca/community-people/housing-shelter/rental-housing-rights-information/housing-property-standards/indoor-temperatures-in-apartment-units/

What it does not do
This is important: the new rule does not require every apartment unit in Toronto to be air-conditioned. It also does not require a landlord to build a new amenity room if none exists, and it does not apply where construction would be needed to comply. The cooled-space rule is about using an existing qualifying indoor amenity space in certain RentSafeTO buildings.

Impact on renters?

For renters, the main benefit is access to a cooler shared space during hot weather, especially in older buildings where individual units do not have air conditioning.

Renters should know:

• The right is mainly to access a cooled amenity space, not necessarily to have their own unit cooled.
• The cooled space should be 26°C or below between June 1 and September 30.
• The rule applies only if the building is covered by RentSafeTO and has an existing qualifying indoor amenity space.
• A lobby, hallway, or laundry room generally does not satisfy the requirement.
• If the building already provides air conditioning, the existing cooling rules may apply separately.

Practically, tenants should look for posted information in the building about the cooled space and its hours. If the space is too hot, unavailable, or unclear, tenants can document the issue with dates, times, temperatures, photos of notices, and written communication with management before contacting the City.

Check link: https://www.toronto.ca/community-people/housing-shelter/rental-housing-rights-information/housing-property-standards/apartment-building-standards/rentsafeto-for-tenants/rentsafeto-for-tenants-service-requests-complaints-investigations/

Impact on landlords and property managers

For landlords, the bylaw creates a new operational duty for many RentSafeTO apartment buildings.

Landlords should:

• Determine whether the building is in RentSafeTO.
• Confirm whether cooling is provided in all rental units.
• Identify whether the building has an existing qualifying indoor amenity space.
• Ensure at least one qualifying space can be kept at 26°C or below from June 1 to September 30.
• Post clear information for tenants, including the cooled space’s daily hours of operation.
• Keep records showing compliance, especially temperature readings, maintenance logs, and any contractor reports if claiming that construction would be needed.

Toronto says the requirement does not apply if construction is needed, but landlords should not treat that as an informal excuse. The safer approach is to have a clear technical basis, such as a contractor’s assessment, showing why compliance would require construction.

FAQs: Ontario Residential Tenancies Act

What is Ontario Bill 60 and how does it impact landlords?

Ontario Bill 60 changes lease renewal rules and speeds up eviction timelines, giving landlords more flexibility but increasing turnover and insurance-related risks.

Can a landlord evict a tenant for renovations?

Yes, a landlord can evict a tenant for major renovations, but only if the work requires the unit to be vacant and proper legal notice is provided.

What documents do landlords need for an N12 eviction?

For an N12 eviction, landlords must provide the N12 notice form, proof of intent for personal use or purchaser’s use, and a signed affidavit confirming good-faith intentions.

What is the rent increase limit in Ontario for 2026?

The 2026 rent increase guideline in Ontario is 2.1% for rent-controlled units.

What is the new rental law in Ontario?

The new rental law, Bill 60, ends automatic month-to-month lease conversions and accelerates eviction processes, reshaping tenant stability and landlord procedures.

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive the latest tenant & landlord tips and get notified about changes in the Canadian rental market.

>> Stay up-to-date on the average rent in Vancouver, Toronto and Montreal: Rent Reports.

The post Ontario Tenant Rights, Bill 60, Rent increase, Toronto’s new Bylaw & more: Complete guide 2026 appeared first on liv.rent blog.

Definition of a Residential Tenancy Agreement

A residential tenancy agreement is a legally binding contract between a landlord and a tenant that outlines the terms and conditions of renting a residential property. This agreement sets the rules for how long the tenant will live at the property, how much rent will be paid, what’s included (like utilities or parking), and the rights and responsibilities of both parties. In Canada, each province or territory has its own rules governing these agreements, but the majority will follow a similar standardized approach to tenancy that include responsibilities for both the renter and the landlord.

Why a residential tenancy agreement matters in 2025

In 2025, the rental landscape in Canada continues to evolve, making a clear and legally binding residential tenancy agreement essential. With increased demand for rentals, growing populations, rising housing costs, and consistent updates to provincial tenancy laws, having a written agreement protects both tenants and landlords. It ensures that both parties understand their rights, responsibilities, and the terms of the rental, and that both can be legally protected should any issues arise. A well-drafted agreement helps prevent disputes and provides a solid foundation for a respectful, transparent rental relationship, whether you’re renting for the first time or managing multiple properties. This relationship will serve both parties for years to come, as references and reviews may be used by both parties in future situations.

Key Elements of a Residential Tenancy Agreement

A residential tenancy agreement should clearly outline the terms of the rental, helping both landlords and tenants avoid confusion and disputes. The agreement typically includes key elements like rent amount and payment dates, deposits, lease duration, rights and responsibilities, and procedures for ending the tenancy.

Rent & Deposits

This section of the agreement must include the monthly rent amount, due date, and acceptable payment methods. It should also mention late payment fees (if any), rent increases, and any rules around unpaid rent. Additionally, the agreement should clearly state the type and amount of any deposits, commonly a security deposit or pet deposit, and outline the conditions under which they will be returned. Tenants should always request a receipt for deposits paid.

Term of Tenancy

The term defines how long the tenant is allowed to occupy the unit. Tenancies are usually either fixed-term (e.g., 12 months) or month-to-month. A fixed-term lease offers stability, while month-to-month gives flexibility. The agreement should clearly state the start and end dates, how renewals work, and what notice is required to end or extend the lease. Tenants and landlords should also agree on terms for early termination or lease breaks.

Tenant Rights & Responsibilities

Tenants have the right to a safe, habitable living space, privacy, and timely repairs. They also have responsibilities like paying rent on time, keeping the unit clean, and following any agreed-upon building rules. Tenants should report maintenance issues promptly and not disturb neighbours. Provincial tenancy laws support tenants, but a clear agreement ensures everyone’s expectations are aligned. Understanding your rights and duties helps prevent disputes and builds mutual respect between tenants and landlords.

Landlord Rights & Responsibilities

Landlords must provide a clean, well-maintained, and safe property for tenants to live in. They are responsible for ensuring essential services like heat, electricity, and water function properly and for addressing repairs in a timely manner. Landlords also have the right to receive rent on time, inspect the property with proper notice, and enforce the terms of the agreement. A clear rental agreement ensures landlords can manage their property professionally and fairly. By documenting everything in writing, especially through trusted platforms, landlords can avoid misunderstandings and legal issues.

Types of residential tenancy agreements

In Canada, there are two main types of residential tenancy agreements: fixed-term and periodic (month-to-month). A fixed-term lease has a set end date, offering stability for both parties. A month-to-month tenancy renews automatically and offers flexibility. Some provinces may also recognize subleases or roommate agreements. Choosing the right type depends on your needs, lifestyle, and future plans. Whichever you choose, make sure it’s clearly documented and complies with your province’s tenancy laws for a smooth rental experience.

Residential Tenancy Agreement Forms in 2025

In 2025, residential tenancy agreement forms are accessible and standardized. Most provinces require landlords to use official, government-approved forms that outline key terms and protect both parties. These forms can typically be downloaded online and filled out digitally or on paper. With the shift toward digital rentals, many landlords now use secure platforms like liv.rent to complete and sign agreements electronically. Always ensure you’re using the most current version to stay compliant with provincial rental laws.

Where to Get Official Forms

Official residential tenancy agreement forms are usually available on provincial or territorial government websites. These forms are designed to comply with local tenancy laws and cover essential details like rent, deposits, and rights. It’s important to use the correct form for your province to ensure the agreement is legally valid. Many provinces also provide helpful guides alongside the forms to assist landlords and tenants in filling them out properly.

Digital vs Paper Agreements

Digital tenancy agreements have become increasingly popular for their convenience and security. They allow landlords and tenants to review, sign, and store leases online, reducing paperwork and making it easier to access agreements anytime. Paper agreements are still valid but can be harder to track and manage. Using trusted platforms like liv.rent ensures digital agreements are secure, legally compliant, and can include ID verification to protect both parties.

Common Mistakes to Avoid

There are a number of things renters and landlords should avoid when signing a residential tenancy agreement. Some of the most important mistakes to avoid are:

1. Not Having a Written Agreement
Verbal agreements are hard to prove in court.

2. Unclear or Missing Terms
Issues include no start or end date, vague rent amount or due date, and no clear rules about utilities or maintenance.

3. Failing to Comply with Local Laws
This includes illegal clauses (such as banning pets where prohibited by law) or exceeding legal security deposit limits.

4. Not Conducting a Property Condition Report
Disputes can arise over damage or wear and tear without proper documentation of the property’s condition.

5. Ignoring Maintenance and Repair Terms
Common mistakes include not stating who is responsible for repairs or failing to include timelines for fixing issues.

6. No Clauses for Early Termination or Breach
Unexpected situations may require lease termination, and without proper clauses, this can lead to disputes.

7. Omitting Rules for Subletting or Guests
Long-term guests or illegal sublets can become a liability without clear terms in the agreement.

8. No Clause for Rent Increases
Disagreements can arise over rent hikes if the process isn’t defined in the agreement.

9. Not Reviewing the Agreement Thoroughly
Tenants often skip over legal language or sign without fully understanding the terms.

10. Missing a Dispute Resolution Clause
Without it, resolving disagreements can be more difficult and costly.

Residential Tenancy Agreement by Province

Residential tenancy agreements in Canada vary by province, reflecting different laws and regulations designed to protect both tenants and landlords. Each province provides official forms and guidelines to ensure agreements are clear and legally compliant. Understanding your province’s specific rules helps avoid disputes and ensures your rights are respected. Whether you’re renting in British Columbia, Ontario, Quebec, or Alberta, it’s important to use the right forms and follow local tenancy laws.

British Columbia

In British Columbia, tenancy agreements must follow the Residential Tenancy Act. It is mandatory for Landlords to use the BC Residential Tenancy Agreement form, issued by the Residential Tenancy Branch. The agreement covers rent, deposits, maintenance responsibilities and more. This province offers strong tenant protections, including limits on rent increases and eviction rules, but also has strict rules to follow.

Ontario

In Ontario, most residential tenancy agreements signed on or after April 30, 2018, must use the Ontario standard lease form. This form creates a legally binding contract between the landlord and tenant, commonly referred to as a residential tenancy agreement. However, certain types of housing—such as care homes, mobile home sites, co-ops, and some social or supportive housing—are exempt from this requirement. Importantly, all leases must comply with the Residential Tenancies Act, and cannot override tenant rights protected under the Act or the Ontario Human Rights Code, which ensures equal treatment in housing without discrimination.

Quebec

Quebec’s rental agreements are governed by the Civil Code of Quebec and administrated by the Tribunal administratif du logement. Use of the Régie du logement form is mandatory, must be in writing and include key details like rent, term, and conditions. Quebec strongly protects tenants’ rights and requires landlords to provide a signed lease within a month of occupancy. Official forms are available, but leases can also be drafted with care. Digital signing tools help ensure agreements are secure and legally binding.

Alberta

Alberta is one of the only provinces without a standard tenancy agreement form and instead requires landlords to draft an agreement for tenants. The form should cover rent, deposits, and termination conditions, helping to protect both parties. Alberta’s laws also regulate security deposits and notice periods. The provincial government offers templated material to help with the process online. Being informed and reviewing requirements will be extra important for landlords in this province. Visit the Alberta government website for information on starting a tenancy.

Other Provinces (Manitoba, Saskatchewan, Atlantic Canada)

As you can see, things vary by each province, so knowing your local approach is crucial. Here are a few other provinces to review.

Manitoba: Form 1, officially known as the Standard Residential Tenancy Agreement, is the required contract for all new rental agreements in Manitoba and is downloadable on the government website. It outlines the rules, duties, and responsibilities of both landlords and tenants, as mandated by The Residential Tenancies Act (Manitoba).

Saskatchewan: In Saskatchewan, tenancy agreements—either verbal or written—must follow The Residential Tenancies Act, 2006. All agreements must include Schedule 1: Standard Conditions. Written agreements must detail tenant and landlord info, rent, tenancy type, utilities, and services. Landlords must provide required documents within 20 days of tenancy start.

Atlantic Canada: Things differ in each province, so knowing the rental rules in Atlantic Canada is equally important for Canadians.  Each province, such as Nova Scotia, has its own Residential Tenancies Act that outlines the rules for rental housing and defines the required lease forms, like Nova Scotia’s Form P. Therefore, landlords and tenants must be aware of the specific laws and agreements for the province where they are renting.

Why Use Digital Platforms Like liv.rent for Tenancy Agreements?

Digital platforms like liv.rent simplify the rental process by providing secure, verified tools for creating, signing, and managing tenancy agreements online. They save time and reduce errors by guiding users through legally compliant forms tailored to each province. Plus, features like ID verification help build trust between landlords and tenants, making the rental experience smoother and safer for everyone involved.  

Legally Binding Digital Agreements

Digital tenancy agreements on platforms like liv.rent are fully legally binding and recognized across Canada. These platforms use secure e-signatures and identity verification to ensure all parties agree to the terms transparently and securely. This helps prevent fraud and misunderstandings, offering both landlords and tenants confidence that their agreements are official and enforceable.

Easy Access to Forms

With platforms like liv.rent, tenants and landlords have instant access to up-to-date, province-specific tenancy agreement forms anytime, anywhere. No need to search multiple government sites or worry about outdated versions. Everything is centralized, making it quick and convenient to start the rental process and keep all documents organized in one secure place.

Built-in Compliance

One of the biggest advantages of using platforms like liv.rent is built-in compliance with local tenancy laws. The system automatically incorporates the latest regulations for each province, helping users avoid common legal pitfalls. This ensures that agreements are not only thorough but also aligned with current legislation, protecting both landlords and tenants throughout the tenancy.

FAQs on Residential Tenancy Agreements

Is a tenancy agreement mandatory in Canada?

While not always legally required, having a written tenancy agreement is strongly recommended to protect both landlords and tenants.

Can I rent without a written tenancy agreement?

Yes, renting without a written agreement is possible, but it can lead to misunderstandings since verbal agreements are harder to enforce.

Where can I find the 2025 tenancy forms?

Official tenancy forms are available on provincial government websites or through trusted digital platforms like liv.rent.

Is a digital tenancy agreement valid?

Yes, digital tenancy agreements are legally binding across Canada when signed with secure electronic signatures.

Why is it important to have Residential Tenancy Agreements?

They clearly outline rights and responsibilities, helping prevent disputes and protect both landlords and tenants.

What a Tenancy Agreement Should Contain

Key details like rent amount, payment terms, lease length, deposits, and maintenance responsibilities should be included.

What is the most common type of tenancy agreement?

The fixed-term lease is the most common, offering stability with a set rental period, often 12 months.

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive the latest tenant & landlord tips and get notified about changes in the Canadian rental market.

>> Stay up-to-date on the average rent in Vancouver, Toronto and Montreal: Rent Reports.

The post Residential Tenancy Agreement Canada 2026: Forms & Guide appeared first on liv.rent blog.

TSOM off-campus housing overview

Types of accommodation

In Toronto, these are the typical types of places that are available to rent:

• Individual rooms in units
• Studios
• One-bedroom
• Two-bedrooms
• Houses for rent in Toronto

Students will likely either live on their own or with roommates. In a city like Toronto, many TSOM students will end up living in shared accommodations.

Looking for a place to share

If you’re looking for a room in a shared space that’s perfect for students, then your first place to check should be liv.rent’s listings. You can use the convenient map tool to find a place that’s close to campus, using the search filter “Room” under “Housing Type” to look at all the available places in the area.

Looking for a roommate

Off-campus students at TSOM looking for roommates can post their available rooms for rent on liv.rent for free. Plus, the 100% digital platform means that you can connect with a roommate safely and easily, entirely online. We take security very seriously and have a strict verification process so you know can have peace of mind with your rental.

Another great place to look for roommates is on liv.rent’s Toronto Facebook Group. Here, you can connect with other TSOM students seeking off-campus housing within a safe, moderated group.

Average rent in Toronto

Not sure about what area would be best to start your search? We’ve compiled data on average rental prices within the GTA as of October 2024. For the latest numbers as well as more statistics and figures for different areas within the GTA, be sure to check out our latest rent report.

Toronto transit

Toronto offers several convenient transit options for students commuting to the Toronto School of Management. The TTC’s subway, streetcars, and buses provide easy access to the downtown campus from across the city. GO Transit’s regional trains and buses make commuting from the GTA simple for students in the suburbs. Plus, students can take advantage of the TTC’s Post-Secondary Monthly Pass, offering discounted travel, and GO Transit’s student fares, which provide savings for full-time students commuting to Toronto.

Best neighbourhoods for renters near TSOM Toronto Campus

It’s ultimately up to you if you want to live as close to campus as possible or sign on for a longer commute for potential rent savings. Here are a few neighbourhoods that are the most popular with students because they’re nearby to campus or have particularly easy access to transit options:

• Downtown Toronto
• Queen West
• Kensington Market
• Church-Wellesley Village
• Cabbagetown

Best neighbourhoods for renters near TSOM

Downtown Toronto

While some areas can be pricey, the western part of downtown offers more affordable options. Look for shared accommodations or smaller apartments that fit a student’s budget while keeping you close to campus.

Types of accommodation in Downtown Toronto

In Downtown Toronto, you’re mostly going to find apartments for rent, and many of them are new and in good condition. This area is close to the downtown core making it an extremely popular destination for students seeking an active lifestyle in Toronto.

Average monthly rent in Downtown Toronto

• One-bedroom apartment — $2,320
• Two-bedroom apartment — $2,956
• Three-bedroom apartment — $3,600

Transportation in Downtown Toronto

Students can easily access the TSOM campus via TTC subway and bus services, which provide quick routes, while biking is also a viable option with many bike lanes throughout downtown.

Downtown Toronto amenities

The area is rich in local amenities, featuring numerous cafes, restaurants, and shops perfect for dining and socializing. Additionally, it’s close to cultural venues like the Art Gallery of Ontario and offers parks like Grange Park for outdoor relaxation and study sessions.

Queen West

Queen West is known for its trendy vibe and energetic atmosphere, making it an appealing choice for students seeking budget-friendly rental options.

Types of accommodation in Queen West

Here, accommodation is mostly shared houses and apartments, along with budget-friendly lofts and studios.

Average monthly rent in Queen West

• One-bedroom apartment — $2,513
• Two-bedroom apartment — $2,915
• Three-bedroom apartment — $4,099

Transportation in Queen West

Transport to TSOM is convenient, with TTC streetcars and buses providing direct routes. Biking is also popular here, supported by bike-sharing programs available throughout the neighbourhood.

Queen West amenities

Queen West is bustling with amenities, including a diverse array of cafes, boutiques, and art galleries. Students can enjoy music venues and nightlife spots for social activities, along with grocery stores and farmer’s markets for fresh food options.

Kensington Market

Kensington Market is celebrated for its unique character and diverse community, making it an excellent choice for students looking for a lively, budget-conscious living experience.

Types of accommodation in Kensington Market

This neighbourhood offers a variety of affordable rental options, particularly in shared accommodations, small studio apartments, and room rentals in multi-bedroom units.

Average monthly rent in Kensington Market

• One-bedroom apartment — $2,163
• Two-bedroom apartment — $3,204
• Three-bedroom apartment — $3,546

Transportation in Kensington Market

The area provides convenient transport options to TSOM, with TTC buses and streetcars facilitating easy access. Biking routes and walkable streets enhance accessibility, making it easy to navigate.

Kensington Market amenities

Local amenities in Kensington Market include a vibrant mix of international grocery stores and cafes, along with regular community events and markets that foster a sense of belonging. Students will appreciate the unique shops and vintage stores that add to the area’s charm.

Church-Wellesley Village

Church-Wellesley Village offers a mix of affordable and mid-range rental options, making it accessible for students seeking budget-friendly living.

Types of accommodation in Church-Wellesley Village

Accommodations here typically include shared apartments, studio and one-bedroom rentals, and converted houses offering rooms for rent.

Average monthly rent in Church-Wellesley Village

• One-bedroom apartment — $2,424
• Two-bedroom apartment — $3,184
• Three-bedroom apartment — $4,757

Transportation in Church-Wellesley Village

The neighbourhood is well-connected, with TTC subway and bus services providing easy access to TSOM.

Church-Wellesley Village amenities

Church-Wellesley Village is known for its inclusive community, with plenty of local amenities within walking distance. Students will find various cafes, restaurants, and shops, along with community events that foster a sense of connection. This vibrant area also features parks and recreational spaces, making it an inviting place for students to call home.

Cabbagetown

Cabbagetown is a charming neighbourhood known for its historic Victorian homes and quiet, community-focused atmosphere. It offers a more laid-back environment while still being close to downtown Toronto, making it a great choice for students seeking affordable living with a strong sense of community.

Types of accommodation in Cabbagetown

Cabbagetown offers a range of affordable accommodation options, including shared houses, room rentals in converted Victorian homes, and smaller studio or one-bedroom apartments. The area is especially popular for students looking to rent a room in a multi-bedroom home or share an apartment to reduce costs.

Average monthly rent in Cabbagetown

• One-bedroom apartment — $2,498
• Two-bedroom apartment — $2,989
• Three-bedroom apartment — $4,439

Transportation in Cabbagetown

Commuting to the Toronto School of Management (TSOM) is convenient, with TTC buses and streetcars providing direct access to downtown. The neighbourhood is also bike-friendly, and for students who enjoy walking, it’s only a short distance to the downtown core.

Cabbagetown amenities

Cabbagetown boasts a variety of local amenities that appeal to students, including cozy cafes, small restaurants, and independent grocery stores. Riverdale Park and the Don Valley trails offer green spaces for outdoor activities and relaxation. The neighbourhood is also home to a vibrant arts and cultural scene, with events and community activities happening regularly, making it a great place for students to unwind and connect with others.

How to find off-campus rental housing with TSOM’s rental website

Finding the right off-campus housing can feel overwhelming, but the right rental platform can simplify the process. Designed specifically for TSOM students, the off-campus housing platform has everything you need to secure safe, affordable housing. From budget-friendly apartment listings to tools for finding trustworthy roommates, they take the hassle out of your housing search. In this section, we’ll dive into the standout features of a student-focused rental platform as well as how you go through our verification process and what you need to do if you want to apply with some friends as a group.

TSOM Off-Campus must-know core features

Let’s take a look at some of the key features on offer so you can search effectively and find your perfect rental stress-free.

• Walking distance calculator: All listings included on the TSOM site will automatically calculate how long it will take you to walk from your chosen listing to the Toronto campus of TSOM. This will cut down on you having you swap back and forth between countless tabs saving you time.
• Grocery store & other essentials: We have taken the liberty of preselecting a number of local necessities like local food options, grocery stores and much more so that people who aren’t familiar with the area instantly know what options they have in their local neighbourhood.
• Featured listing: We have curated a selection of featured listings that are all near the TSOM campus, that way you can just pick your favourite one.

TSOM Off-Campus housing verification process

The liv.rent verification process has been put in place to ensure that everyone who uses a platform powered by liv.rent can have peace of mind. It ensures that you can feel safe as a renter, especially in a new city.

We cover everything you need to know about our verification process in this blog but the two ways that you can become verified as a renter are:

1. Phone number/carrier verification – When a user signs up, we verify the phone number to their carrier. If a number is flagged as spam or suspicious, our team is notified to investigate further.
2. Tenant ID – Government-issued ID is required to verify every user profile. When users upload a picture of their ID, we cross-reference the names on the ID and their profile to ensure they match. Once the verification process is complete, our system immediately removes the government-issued ID and all copies of authentication information in a secure manner.

Applying as a group for TSOM Off-Campus housing

When looking to apply for a listing as a group there are some important things to consider. In this section, we highlight what you need to know to give you the best chance of landing your dream rental. There are two ways that you can apply for a listing as a couple or group with liv.rent:

1. One primary applicant: In this arrangement, one person from the couple or group will take on the role of the primary applicant and can add others as roommates on the rental application. However, it’s important to note that a majority of landlords would still require everyone to submit an application to screen and not just rely on a primary applicant.
2. All applicants are added to the lease: Alternatively, all members of the group can be individually listed on the lease agreement through liv.rent. For renters, they can each individually submit their application which will present the landlord with the opportunity to vet them with our Trust Sore verification process. Landlords who choose to vet tenants externally can also add tenants via the applicant list or through the “add new tenant” section.

Tips on how to find & secure off-campus rental housing

How to avoid rental scams in Toronto

Unfortunately, rental scams in Toronto are out there, but luckily you can protect yourself. Know your rights as a renter and use a trusted rental platform. Here are some of the most common scams to look out for:

• Scam #1 Rent is too low
  If the rental rate seems shockingly below the rental average for the city, it could be a fake listing.
• Scam #2 Urgent cash demand
  Renters don’t have to pay for anything until a lease is signed. So, if someone’s pressuring you to send cash now, don’t do it.
• Scam #3 Too much info
  Until you’re 100% ready to move forward with a lease, you’re not obligated to share your bank account or SIN number.
• Scam #4 Not enough details
  While some smaller landlords may withhold unit numbers for privacy, you should know the exact address of the unit you’re looking at. without that info, it could be a scam.

Pro tip: rent from ID-verified landlords on liv.rent to avoid scams.

Be smart with your rental search

• Tip #1 Know your needs
  List of your priorities: pricing, location, amenities, lease duration, pet policy, etc. Use liv.rent filters to narrow your search. 
• Tip #2 Do your research
  Find out the average rent in your target area. It’ll arm you with the necessary info to negotiate terms & rates.
• Tip #3 Google the property
  See if there are any complaints online regarding building management, maintenance, noise, neighbourhood, etc.
• Tip #4 Video tours first
  If possible, view video tours first. Then, narrow down your selection and book viewings only for places you’re seriously considering. 

Tips to improve your search

• Tip #1 Don’t be afraid to check
  Have the landlord demonstrate that all appliances are working – run faucets, check thermostats, flush toilets, turn on stoves, etc. Also, check cellphone reception.
• Tip #2 View in daylight
  Viewing a home in daylight will give you a better sense of the living space.
• Tip #3 Prepare questions
  Ask the hard questions (e.g. how much interest have you had for this unit) to uncover info not in the listing.

Stand out when you apply for your rental

Completing your liv.rent profile, or renter’s resume, is the easiest way to stand out. You can also go the extra mile and pre-submit your application before your viewing if you’re pretty sure you want to rent the unit. By introducing yourself upfront, it shows that you’re serious about the unit – leaving a strong impression on your landlord.

Pro tip: on liv.rent, we use Trust Score to rate renters trustworthiness and credibility — it’s free for students to get theirs with their profile!

Another way to stand out is by using your renter’s story in your renter’s resume to give landlords more information about your credit score. As students may not have strong credit histories yet, use this space to provide more context to a landlord to help them trust you.

How to secure a rental before arriving in Canada

It’s easy for TSOM students who aren’t yet in Toronto or even in the country to rent an off-campus apartment safely and securely.

Once you have filled out your liv.rent profile completely, you can use it to apply to listings on our platform.

In your profile, you can select whether you are a first-time renter and whether or not you’re renting from outside Canada. That way, a landlord can accurately assess your profile and help you secure a rental without having references in Canada.

Watch the video below for a step-by-step guide to finding listings on liv.rent.

Student resources

liv.rent has a ton of resources for students renting in Toronto. Especially if you’re an international student, moving to Ontario from out-of-province, or just new in town — it’s important to know the ins and outs of renting in Ontario so you protect yourself and get a fair deal.

Check out our guides on everything from renting and leases to tenants’ rights and relationships with landlords.

• The Best Off-Campus Housing For University of Waterloo Students
• What Information is a Landlord Allowed to Ask For?
• VIDEO: How To Avoid Rental Scams
• The Best Off-Campus Housing at Toronto Metropolitan University
• VIDEO: Finding The Perfect Match: Landlord-Tenant Relationships

FAQ: TSOM off-campus housing

What safety features should you look for in a rental platform?

Verified listings, multi-layered security and payment protections are all important security features to look out for in a rental platform.

Is Toronto School of Management pubic or private?

Toronto School of Management is a private postsecondary institution located in the bustling city of Ontario, Toronto.

How much do students pay for rent in Toronto?

Toronto on average is one of the more expensive metropolitan areas in Canada and prices can vary depending on where you wish to live. For a detailed breakdown, you can check our monthly Toronto Rent Report.

Where can I find off-campus housing for TSOM

A great place to find off-campus housing for TSOM is through their housing portal or directly on their off-campus housing website.

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive the latest tenant & landlord tips and get notified about changes in the Canadian rental market.

>> Stay up-to-date on the average rent in Vancouver, Toronto and Montreal: Rent Reports.

The post Best Off-Campus Housing for Toronto School of Management Students appeared first on liv.rent blog.

Toronto Metropolitan University off-campus housing overview

Types of accommodation

In Toronto, you can generally find these kinds of accommodation for rent:

Many students opt to split a larger rental with roommates to cut down on costs as well.

Looking for a place to share

If you’re looking for a room in a shared space that’s perfect for students, then your first place to check should be liv.rent’s listings. You can use the map tool to find a place that’s close to campus and use the search filter “Room” under “Housing Type” to look at all the available places in the area.

Looking for a roommate

Off-campus students at Toronto Metropolitan University looking for roommates can post their available rooms for rent on liv.rent for free. Plus, the 100% digital platform means that you can connect with a roommate online.

Another great place to look for roommates is on liv.rent’s Greater Toronto Area Facebook Group. Here, you can connect with other TMU students seeking off-campus housing within a safe, moderated group.

Average rent in Toronto

Toronto is one of the most expensive cities in Canada. According to our latest Rent Report, the average cost of rent across the Greater Toronto Area was $2,239 for an unfurnished, one-bedroom unit, and $2,209 for a furnished unit as of May 2024.

Of course, rent differs from neighbourhood to neighbourhood. The difference between a one-bedroom downtown and one in Brampton can be significant. That’s why liv.rent has broken down the GTA’s different municipalities to provide a more accurate look at rent in each area. See below for average rent prices as of May 2024. Toronto Metropolitan University students will be primarily concerned with rent prices in Downtown Toronto, since this is where the primary TMU campus is located – although it is possible to live in one of the neighbouring municipalities if you’re OK with a slightly longer commute.

Transit in Toronto

Getting a place as close to campus as possible is important because being a student is hard enough — tacking on a difficult commute can really wear you down over time.

When you’re looking for a place, be sure to keep public transportation options at the top of your wish list. Here are some transit tips for students looking for off-campus housing:

• Use liv.rent listings to see how far each unit is from which public transit options
• Look for apartments along the subway lines or near other forms of public transit
• Ask landlords what the neighbourhood’s public transportation options are like

Best neighbourhoods for renting near Toronto Metropolitan University

The Annex

Stretching from Dupont Street in the north to Bloor Street West in the south, and Bathurst Street in the west to Avenue Road in the west, The Annex is an incredibly desirable neighbourhood at the very heart of Toronto. Not just for students of the University of Toronto‘s nearby St. George campus, The Annex is a lively hub for students and professionals of all backgrounds – and a wonderful area for TMU students to call home. Anyone looking for a truly urban student experience would do well to start their search in this neighbourhood, as the Annex is home to some of Toronto’s best-known entertainment and dining destinations.

Types of accommodation in The Annex

The Annex is mostly known for embodying the classic style of Toronto architecture in its large “Annex style homes”. These typically multi-bedroom homes are great for students with roommates, or seeking shared accommodation near campus. There are also low-rise apartment buildings and newer homes within the neighbourhood’s boundaries.

Average rent in The Annex

• Studio apartment — $2,100
• One-bedroom apartment — $2,399
• Two-bedroom apartment — $3,247
• Three-bedroom apartment — $4,366

Source: Zumper

Transportation in The Annex

Estimated commute to campus: 10-15 minutes

Perhaps the most appealing quality of The Annex, especially for TMU students, is its ease of access to three Toronto metro stations: Spadina, Dupont, and Bathurst. Spadina will typically be your most direct route to campus, and will get you to class in around 15 minutes including a short walk from Finch Station. Miss the bus? Not to worry – it’s only a 15-20 minute walk from any corner of The Annex.

Amenities in The Annex

Bloor Street has everything students can want along a walkable strip within The Annex. Entertainment, dining, and boutique shops are all bunched together and make for a great place to decompress after a stressful exam, or get together with friends during your downtime.

Browse verified listings in The Annex

Garden District

Befitting the neighbourhood’s idyllic name, the Garden District is a beautiful neighbourhood filled with sprawling parks and its namesake Allan Gardens, an indoor botanical garden and conservatory which is the focal point of the area. The Garden District has always been a popular home for Toronto Metropolitan University students since the school is in the neighbourhood’s west side. Prices are typically higher as a result of this convenience and the neighbourhood’s stately feel, although the many offerings of the Garden District may make it a worthwhile place to pursue for renters.

Types of accommodation in Garden District

Condos are the norm for student renters in the Garden District, and there are a number of smaller and high-rise buildings with suitable homes for those attending TMU. These apartments are mostly on the newer side, with correspondingly high prices on average.

Average rent in Garden District

• Studio apartment — $2,000
• One-bedroom apartment — $2,400
• Two-bedroom apartment — $3,870
• Three-bedroom apartment — $5,000

Source: Zumper

Transportation in Garden District

Estimated commute to campus: 5 minutes

Since Toronto Metropolitan University’s campus is within the boundaries of the Garden District, students living here have no excuse for being late to class. Renters shouldn’t feel the need to bus to campus, as it’s only a 5-10 minute walk to school from just about anywhere in this neighbourhood.

Amenities in Garden District

Garden District is surrounded by all of Downtown Toronto’s best urban amenities, in addition to some of the city’s best parks and green spaces. Students can catch a show at nearby Massey Hall, go shopping at Eaton Centre Mall, or hop on the train and travel to just about anywhere in the city in no time.

Browse verified listings in the Garden District

Church and Wellesley

Church and Wellesley, also known as Church Wellesley Village or simply “The Village” among residents and locals, is home to the annual Pride Toronto celebrations and is one of the city’s foremost LGBT neighbourhoods. It is a diverse, welcoming area that’s home to residents from all walks of life, and is especially popular with Toronto Metropolitan university students looking for an eclectic home off-campus.

Types of accommodation in Church and Wellesley

Church and Wellesley primarily consists of condos in both low- and high-rise buildings, and is quite densely populated with lots of options for students seeking off-campus housing near Toronto Metropolitan University.

Average rent in Church and Wellesley

• Studio apartment — $1,998
• One-bedroom apartment — $2,619
• Two-bedroom apartment — $3,793
• Three-bedroom apartment — $4,875

Source: Zumper

Transportation in Church and Wellesley

Estimated commute to campus: 10-15 minutes

Just to the north of the TMU campus, Church and Wellesley is just a stone’s throw from Toronto Metropolitan University and is an excellent option for those seeking off-campus housing with an easy commute to campus. From Wellesley Station, you can expect about a 10-15 minute commute including walking time.

Amenities in Church and Wellesley

Although it feels like a vibrant residential neighbourhood by day, Church and Wellesley comes alive at night with all manner of entertainment and dining options for residents. During the day, there are plenty of trendy stores for shopping and lots of cafes and gathering spots for studying. Overall, renters would be hard-pressed to find a more inclusive neighbourhood, especially so close to campus.

Browse verified listings in Church and Wellesley

St. Lawrence

Rich in history and local flair, St. Lawrence is a family and student-friendly neighbourhood that’s known for being the centre of Old York, as well as housing the St. Lawrence Market and its hundreds of vendors. Once a primarily industrial area, it is now a mixed commercial and residential neighbourhood that’s popular for its excellent location and the sheer variety of amenities it offers.

Types of accommodation in St. Lawrence

The centuries-old Victorian homes that once characterized St. Lawrence have now almost completely been replaced by newer developments, with many high-rise condo buildings in the lively neighbourhood.

Average rent in St. Lawrence

• Studio apartment — $2,200
• One-bedroom apartment — $2,350
• Two-bedroom apartment — $3,000
• Three-bedroom apartment — $3,800

Source: Zumper

Transportation in St. Lawrence

Estimated commute to campus: 15-25 minutes

It’s only a quick 15-20 minute commute to campus from St. Lawrence by bus and metro, or students can choose to walk from their home off-campus to Toronto Metropolitan University in just under 25 minutes.

Amenities in St. Lawrence

The St. Lawrence Market is your one-stop shop for everything – not just food! Here, you’ll find the very best local produce, artisan goods, local food vendors, and so much more.

Browse verified listings in St. Lawrence

Cabbagetown South

Cabbagetown is fast becoming one of Downtown Toronto’s most desirable up-and-coming areas for renters of all walks of life – from working professionals wishing to walk to work, to students who love its comparatively cheap rent prices and easy access. For Toronto Metropolitan University students in particular, Cabbagetown South is a dream for those seeking a relatively inexpensive home off-campus that’s just minutes from campus. Known as a historically working-class neighbourhood, Cabbagetown has blossomed into one of the city’s most convenient places to live located just east of the downtown core.

Types of accommodation in Cabbagetown South

Cabbagetown has become a hub for new development since the 1970s, and students will find a wide swathe of low- and high-rise condo buildings across the neighbourhood from varying eras of the area’s development.

Average rent in Cabbagetown South

• Studio apartment — $1,950
• One-bedroom apartment — $2,397
• Two-bedroom apartment — $3,890
• Three-bedroom apartment — $5,000

Source: Zumper

Transportation in Cabbagetown South

Estimated commute to campus: 10-20 minutes

Cabbagetown’s revitalization has made it one of the most convenient areas of town for getting just about anywhere. For Toronto Metropolitan University students living off-campus in the neighbourhood, it’s only about a five-minute commute to campus via the 505 bus, or you can opt to walk and it’ll only take about 15-20 minutes at most.

Amenities in Cabbagetown South

Aside from being just minutes from Toronto’s downtown core and shopping districts, Cabbagetown South is a renowned artists’ hub with all sorts of trendy restaurants, galleries, and venue spaces nearby.

Browse verified listings in Cabbagetown South

Renting tips: how to find & secure off-campus housing

How to avoid rental scams in Toronto

Rental scams are a danger every Toronto Metropolitan University student living off-campus should be aware of. These costly scams range from fake profiles, to ploys to steal personal information or cash deposits, and cost renters millions each year. The best way to protect yourself is by knowing your rights and choosing trusted rental platforms that manually verify both landlords and listings. Here are a few of the most common scams to look out for:

• Scam #1 Rent is too low
  If the rental rate seems shockingly below the rental average for the city, it could be a fake listing.
• Scam #2 Urgent cash demand
  Renters don’t have to pay for anything until a lease is signed. So, if someone’s pressuring you to send cash now, don’t do it.
• Scam #3 Too much info
  Until you’re 100% ready to move forward with a lease, you’re not obligated to share your bank account or SIN number.
• Scam #4 Not enough details
  While some smaller landlords may withhold unit numbers for privacy, you should know the exact address of the unit you’re looking at. without that info, it could be a scam.

Pro tip: rent from ID-verified landlords on liv.rent to avoid scams.

Be smart with your rental search

• Tip #1 Know your needs
  Make a list of your priorities – pricing, location, amenities, lease duration, pet policy, etc. Then, use liv.rent filters to narrow your search. 
• Tip #2 Do your research
  Find out the average rent in your target area. It’ll arm you with the necessary info to negotiate terms & rates.
• Tip #3 Google the property
  See if there are any complaints online regarding building management, maintenance, noise, neighbourhood, etc.
• Tip #4 Video tours first
  If possible, view video tours first. Then, narrow down your selection and book viewings only for places you’re seriously considering. 

Tips to improve your search

• Tip #1 Don’t be afraid to check
  Have the landlord to demonstrate that all appliances are working – run faucets, check thermostats, flush toilets, turn on stoves, etc. Also, check that cellphone reception is adequate & verify connectivity.
• Tip #2 View in daylight
  Viewing a home in daylight will give you a better sense of the living space.
• Tip #3 Prepare questions
  And ask the hard questions (e.g. how much interest have you had for this unit) to uncover info not in the listing.

Stand out when you apply for your rental

Completing your liv.rent profile, or renter’s resume, is the easiest way to stand out. You can also go the extra mile and pre-submit your application before your viewing if you’re pretty sure you want to rent the unit. By introducing yourself upfront, it shows that you’re serious about the unit – leaving a strong impression on your landlord.

Pro tip: on liv.rent, we use Trust Score to rate renters trustworthiness and credibility — it’s free for students to get theirs with their profile!

Another way to stand out is by using your renter’s story in your renter’s resume to give landlords more information about your credit score. As students may not have strong credit histories yet, use this space to provide more context to a landlord to help them trust you.

How to secure a rental before arriving in Canada

International students can find and rent their off-campus Toronto Metropolitan University home from abroad, before even setting foot in the country. When you sign up on liv.rent, as part of your profile you can select:

• “I don’t live in Canada.”
• and, “I’m a first-time renter.”

These profile options give landlords the full picture of you as a renter. It streamlines the rental process and makes it easy to understand why references or a previous Canadian address may appear to be “missing” from your application.

Watch the video below for a step-by-step guide to finding listings on liv.rent.

Toronto Metropolitan University off-campus housing resources

Here are some resources that can help you navigate off-campus housing at TMU:

• Learn how to protect yourself from rental scams
• See our top ten tips for renting an apartment in Toronto
• Everything you need to know about the Ontario Standard Lease
• Find out what a landlord is allowed to ask you as a renter
• See what $1800 can get you in Toronto’s different neighbourhoods
• Learn about credit scores and renting apartments
• Everything you need to know about evictions in Ontario

Use liv.rent to find your off-campus apartment for Toronto Metropolitan University — helping you save time, stay organized, and stay safe. Our trusted rental platform is perfect for students, no matter which campus you’re studying at.

Additional off-campus resources for students

• Toronto Metropolitan University Off-Campus Housing Service
• Toronto Metropolitan University Off-Campus Housing Resources
• Student Housing Toronto – UofT – Ryerson – OCAD Facebook Group

FAQ: Toronto Metropolitan University off-campus housing

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive the latest tenant & landlord tips and get notified about changes in the Canadian rental market.

>> Stay up-to-date on the average rent in Vancouver, Toronto and Montreal: Rent Reports.

The post The best off-campus housing at Toronto Metropolitan University appeared first on liv.rent blog.

What is considered a short-term rental in Toronto?

What is a short-term rental in Toronto? As in other Canadian cities, there’s a notable difference between short-term rentals and vacation rentals. While vacation rentals are typically seen as being less than one month in duration, short-term rentals typically range from 1-6 months, with the most common being month-to-month leases – which we’ll be focusing on in this post.

These types of rentals are often desirable as they offer renters greater flexibility. They can also be necessary for temporary or contract-based workers moving cities, since they might not want or need to find housing for an entire year. Short-term leases and month-to-month rental leases are also particularly popular among post-secondary students, since they can simply rent a unit for a semester or two rather than needing to sign on for an entire calendar year. You might also hear short-term rentals in Toronto referred to as monthly rentals or month-to-month rentals, but these both differ from weekly rentals in Toronto, which would generally be considered vacation rentals.

How to find month-to-month rentals in Toronto

Renters can easily search for month-to-month rentals using liv.rent’s built-in search filters. Simply select ‘Filters’ from the top-left of the listing page, scroll down to where you see ‘Lease Type’, then select ‘Month to Month’ to only be shown leases that renew on a month-to-month basis.

Once you find a listing you’re interested in, you can sign up to apply or just reach out and send an instant inquiry to the landlord. You don’t need to have an account to ask questions, but it’s a good idea to start so you can keep all your correspondence saved in your chat history.

It’s much easier than back-and-forth email correspondence or phone calls. Plus, you don’t have to finish filling out your profile entirely until you’re ready to apply. And, once your profile is complete, you can use it to apply to multiple units, saving time and energy.

Month-to-month rentals in Toronto

Now that we’ve covered what exactly short-term and month-to-month rentals are and how you can find them on liv.rent, let’s dive into some specific strategies for finding the perfect place. Renters essentially have three options when searching for a place to rent. If you’re already somewhat familiar with the area you’re looking in, you can search by location – for example, if you know you want to be in Downtown Toronto, you can simply hone in on this area using a map search.

Otherwise, you can search by your individual requirements and lifestyle needs. For example, if you don’t plan on bringing your own furniture, you can search for furnished units in order to narrow down your results. If you’ve come to expect a certain level of luxury from your living section, you can also filter your search by price, number of bedrooms, or minimum square footage as well. Finally, if you’re moving for work reasons, you can try searching by your career type to try and find hotspots among your fellow professionals or near your workplace.

We’ll be breaking each of these three strategies down with some suggestions based on what renters typically look for.

Month-to-month rentals in Toronto by location

Month-to-month rentals in Downtown Toronto

• Apartment for rent Downtown Toronto: 24 Ford Street, Toronto – Private room in house [Monthly rent: $1,700]
• Apartment for rent Downtown Toronto: 30 Nelson Street, Toronto – 1 bed/1 bath [Daily rent: $113]

Month-to-month rentals in Scarborough

• Room for rent Scarborough: Darlingside Drive, Scarborough – 1 bed/private bathroom [Monthly rent: $1,200]
• Partial house for rent Scarborough: 15 Wildflower Way, Scarborough – 1 bed/1 bath [Monthly rent: $1,300]

Month-to-month rentals in other areas of the GTA

• Partial house for rent North York: 55 Tollerton Avenue, North York – 1 bed/ 1 bath [Monthly rent: $2,500]

Month-to-month rentals by type

Monthly furnished rentals in Toronto

If you’re just in town for a short time, it’s sometimes not worth it to bring your own furniture. Alternatively, if you’re moving from abroad and just looking to get settled without spending a fortune on new furnishings, furnished rentals are a great way to bridge that gap while you purchase stuff of your own.

• Private room for rent Toronto: 24 Ford Street, Toronto – 1 bed/ 1 bath [Monthly rent: $1,700]
• Apartment for rent Toronto: 199 Richmond Street West, Toronto – 2 bed/ 1 bath [Daily rent: $140]
• Apartment for rent Toronto: 24 Tyndall Avenue, Toronto – Studio [Monthly rent: $1,846]

Executive monthly rentals

For those in town on business, or who are simply seeking a higher standard of living for their short-term stay, these rentals offer plenty of space and luxury amenities.

• Entire house for rent Toronto: Stanley Terrace, Toronto – 2 bed/ 2 bath [Monthly rent: $7,500]

Month-to-month rentals by occupation

Rentals for healthcare workers

There are many hospitals throughout the Greater Toronto Area, but for the purposes of this article we’ll be focusing on just three:

• Toronto General Hospital – Located at the heart of Downtown Toronto, this is Toronto’s largest hospital
• Mount Sinai Hospital – This hospital is located just adjacent to The University of Toronto’s St. George Campus and is used as a teaching institution for the university’s medical school
• North York General Hospital – Another large institute, NYGH serves North York and the surrounding municipalities

Here are some month-to-month rentals near each of the above hospitals:

• Apartment for rent near TGH: 21 Carlton Street, Toronto – Studio [Monthly rent: $3,500]
• Apartment for rent near Mt. Sinai Hospital: 295 Adelaide Street West, Toronto – 1 bed/ 1 bath [Daily rent: $115]
• Apartment for rent near NYGH: 55 Tollerton Avenue, North York – 1 bed/ 1 bath [Monthly rent: $2,500]

Rentals for film industry workers

Toronto and Ontario as a whole both consistently rank among the the most-filmed destinations in the world, which have obviously made the GTA a major hub for film industry workers. Since shoot locations tend to move around and are often located in other parts of the province, those working in film can really pick where they’d like to live and figure out a transit plan from there. We’ve primarily focused on areas outside of Downtown Toronto that offer better value and flexible lease terms.

• Townhouse for rent Oshawa: 1348 Bradenton Path, Oshawa – 3 bed/ 2.5 bath [Monthly rent: $3,000]

Rentals for tech industry workers

Many of the world’s largest tech corporations have major headquarters in Toronto: Alphabet, Oracle, Wealthsimple, Shopify, and more occupy offices in the city’s Downtown Core, centered primarily around the Fashion District. As such, the majority of tech industry workers can be found in the areas immediately surrounding city centre, although many also prefer Mississauga for the easy commute and slightly cheaper rent prices.

• Apartment for rent Toronto: 24 Ford Street, Toronto – 1 bed/1 bath [Monthly rent: $1,700]

Rentals in Toronto with three-month leases

For renters looking for a slightly longer commitment but with the flexibility of a short-term lease, there are plenty of rentals with three-month terms available in the GTA as well.

Here are some rental listings with three-month terms:

• Apartment for rent Toronto: 955 Bay Street – 1 bed/1 bath [Monthly rent: $2,500]
• Apartment for rent Toronto (4-month lease): 50 Power Street – 1 bed/1 bath [Monthly rent: $2,300]

FAQ: Month-to-month rentals Toronto

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive the latest tenant & landlord tips and get notified about changes in the Canadian rental market.

>> Stay up-to-date on the average rent in Vancouver, Toronto and Montreal: Rent Reports.

The post The best month-to-month rentals in the Greater Toronto Area appeared first on liv.rent blog.

Toronto’s most family-friendly neighbourhoods

Toronto is a huge city both geographically and in terms of its population, and renters will find a wide variety of housing options and neighbourhoods as they browse listings in the city.

While it would stand to reason that many of the most family-friendly neighbourhoods would be on the city’s outer limits away from the bustling downtown core, this isn’t actually the case. Toronto is unique in that it has a variety of different smaller communities within its city limits, each with its own distinct feel and unique assortment of shops and amenities.

Toronto is an excellent place for renters looking for a safe, close-knit community without giving up the convenience of the big city. We’ve selected eight of the most family-friendly neighbourhoods here, but there are plenty more within the city and even in the nearby communities that make up the GTA. To start your search for family-friendly housing off on the right foot, read on to discover the best neighbourhoods for families in the City of Toronto.

1. Riverdale

A sprawling neighbourhood on the east side of Toronto’s Midtown, Riverdale is bordered by the Don River to the west, Danforth Avenue to the north, Leslieville to the east, and Lakeshore Boulevard on its south end. It’s most commonly known by Toronto residents as the home of its namesake Riverdale Park – a sprawling green space that’s split into an East and West side, each with plenty of room for all sorts of sports and activities, as well as quieter areas to relax and have a picnic. Beyond this, Riverdale has a strong community feel in spite of its urban setting, with quiet streets, older houses and plenty of shopping and dining destinations within its boundaries.

• Browse listings in Riverdale

Average rent in Riverdale

Average rent in Riverdale is pretty much in line with the City of Toronto’s averages, at about $2,200 for a one-bedroom, unfurnished unit as of May 2022. Since the area has so many larger homes, rates for two- and three-bedroom units is a bit more affordable, at $2,525 and $3,400 respectively according to the latest numbers from Zumper.

Schools & amenities in Riverdale

Riverdale is renowned for its excellent school district, with multiple elementary schools and high schools, such as Withrow Avenue Junior Public School, Montcrest School, and Riverdale Collegiate Institute all nearby. In terms of amenities, Riverdale is the complete package with a variety of shopping, and recreational areas including two baseball diamonds, an outdoor ice-skating rink, a children’s play area, and more all at Riverdale Park.

Transportation in Riverdale

Riverdale is deceptively close to Downtown although its quiet streets and community feel can make it feel a world away. Whether by car or public transit, it’s about a 15-20 minute trip to the downtown core. If you are relying on transit, the Pape and Chester stations are both nearby with lines headed to the centre of the city.

2. Bloor West Village

Bloor West Village rightfully prides itself in being “a small village in a big city”, and is home to families of all ages, pet-lovers, and those seeking a bit of an escape from the hustle and bustle of city life. This lively neighbourhood is the epitome of family-friendly, with idyllic streets packed full of quaint cafes and restaurants, numerous parks and schools nearby, and some excellent daycare facilities to cater to the area’s many families. One of the most immediately recognizable features of Bloor West Village is the many fruit stands lining the neighbourhood’s streets – piled high with fresh produce spilling onto the sidewalk in an idyllic scene straight out of a small town, except in the heart of the city.

• Browse listings in Bloor West Village

Average rent in Bloor West Village

Average rental rates in the nearby Swansea neighbourhood were $2,000 for an unfurnished, one-bedroom unit as of these latest April 2022 numbers. For two-bedroom, unfurnished units, the neighbourhood averaged $3,300 per month, and for three-bedroom units, the average was $3,900.

Schools & amenities in Bloor West Village

It should come as no surprise that one of Toronto’s most family-friendly neighbourhoods also has a high concentration of schools, playgrounds, parks, and more. There are a total of nine public schools within the area for children of all ages, including King George Junior Public School, Rockcliffe Middle School, and Humberside Collegiate Institute. As far as parks go, nearby High Park is the focal point of this neighbourhood, the city’s largest public park with an expansive network of trails, off-leash dog areas, sports facilities, lakefront picnic areas, and so much more.

Transportation in Bloor West Village

Rounding out Bloor West Village’s wide-ranging appeal is its easy access to the rest of the city, whether by car or transit. The Bloor subway line runs through the neighbourhood, with both Runnymede and Jane stations close by to get you downtown in about 25 minutes. By car, it’s also about a 20-30 minute drive to the heart of the city depending on traffic conditions.

3. Allenby

Allenby is a small but tight-knit residential neighbourhood on the west end of Toronto’s Midtown. Its boundaries are typically defined by Latimer Avenue to the west, Briar Hill Avenue to the north, Avenue Road on the east end, And Eglinton Avenue to the south. The neighbourhood as it exists today is centered around Allenby Public School, as well as the shopping district found on Eglinton Avenue West with its many local shops, cafes, and dining destinations.

• Browse listings in Allenby

Average rent in Allenby

As the Allenby neighbourhood is relatively small, it’s hard to get an accurate idea of specific rental averages within the area. Rent in Allenby is likely similar to averages in Downtown Toronto as a whole – which stand at $2,040 per month for an unfurnished, one-bedroom unit as of our May 2022 Rent Report. The area does have a large number of older two- and three-bedroom units available as well.

Schools & amenities in Allenby

Allenby Public School is the reason many families choose to move to Allenby, with a popular French Immersion program that enjoys a great reputation across the city. The nearby North Toronto Memorial Community Recreation Centre on Eglinton Avenue West is a great place for children and parents alike to gather and get active, and the Allenby neighbourhood is also well within walking distance of many smaller boutiques, shops, cafes, and more.

Transportation in Allenby

Allenby is easily accessible from Downtown Toronto, at about a 20-minute drive or 35-40 minutes by transit. Buses run along Avenue Road and Eglinton Avenue to take you to nearby Eglinton Station which can easily get you downtown via the Yonge-University-Spadina subway line.

4. The Beaches

The Beaches, also known as just “The Beach” by residents, is most commonly seen as a tourist destination owing to its four namesake beaches along Lake Ontario, but this neighbourhood on Toronto’s east side is an excellent place to raise a family for a number of key reasons. The area is bounded by Queen Street East, between Coxwell Avenue and Victoria Park Avenue, and Lake Ontario to the south. There are parks and trails galore in addition to the obvious beaches, most notably Woodbine Beach which is the most family-friendly among them. The area has a rich, vibrant community with plenty of events taking place year-round, such as the Winter Stations outdoor art exhibit and a jazz festival that takes place in July each year.

Average rent in The Beaches

Average rent in The Beaches is right in line with Toronto’s city-wide averages, if not a little below. The latest data from Zumper shows that rent for an unfurnished, one-bedroom unit currently sits at $1,775 per month, which is in line with what we’ve seen here on liv.rent. Prices are likewise pretty standard for two- and three-bedroom units, at $2,500 and $3,700 respectively for unfurnished units.

Schools & amenities in The Beaches

The Beaches has as many as thirteen public schools within the neighbourhood to cater to the many families that call the area home. Among them are Williamson Road Junior Public School, Balmy Beach Community School, and the Riverdale Collegiate Institute close by as well. To boot, there are eleven parks and recreation facilities in close proximity, mostly scattered along the lakeshore.

Transportation in The Beaches

Located south of East York on Toronto’s eastern end, The Beaches isn’t too far from the middle of the city. Residents can reach Downtown Toronto in approximately 20 minutes by car, or 45-55 minutes by train/bus.

5. Leslieville

Leslieville is located just to the south of Riverdale on the east end of Downtown Toronto, and is another popular neighbourhood for families thanks to plentiful green space and a great school system. It’s a bit trendier than many of the neighbourhoods on this list which makes it extremely appealing for young families in particular. The area also happens to be one of the city’s premier foodie destinations, with plenty of bars and restaurants for those looking to get away from the kids for an evening. Hip, boutique stores are also a defining feature of this eclectic neighbourhood, with lots of vintage and thrift stores along Queen Street East.

• Browse listings in Leslieville

Average rent in Leslieville

Leslieville’s average rent is just above that in the rest of Toronto, at $2,088 per month for an unfurnished one-bedroom unit. Two- and three-bedroom units are highly in-demand within the area thanks to how family-friendly Leslieville is, but can still be had for an average of $2,800 and $3,400 per month, respectively.

Schools & amenities in Leslieville

According to this report, there are a whopping eighteen schools all within range of Leslieville. Kew Beach Junior Public School serves children in pre-K to grade 6, Queen Alexandra Middle School is there for grades 6-8, and Monarch Park Collegiate Institute is also close by for high school – among other options. Nearby Greenwood Park has a playground, a pool, three baseball diamonds, and even an ice rink, while Jonathan Ashbridge Park on the south end of Queen Street has tennis courts, another playground, and a wading pool. There’s also the S.H. Armstrong Community Recreation Centre close by, as well as a public library with plenty of programs for young ones.

Transportation in Leslieville

Leslieville isn’t too far from Downtown Toronto, approximately a 15-minute drive or a 35-45 minute trip via the 501 or 506 bus routes.

6. Davisville Village

In the heart of Toronto’s Midtown lies Davisville Village – an up-and-coming community that’s quickly emerging as one of the best neighbourhoods for families in Toronto. Stretching from Mount Pleasant Cemetary down to Eglinton Avenue East, all the way to Yonge Street on the east and Bayview Avenue to the west, this conveniently located section of the city is close to the action, with an easy trip downtown for commuters or those looking for a family-friendly neighbourhood with a bit more of an urban feel. While there are a good amount of detached homes in Davisville Village, there are also high-rise communities for single occupants as well as younger families.

• Browse listings in Davisville Village

Average rent in Davisville Village

Despite its rapid growth both in reputation and development, Davisville Village remains pretty well in line with Toronto’s average rent prices, especially for multi-bedroom units. In terms of one-bedroom, unfurnished units, prices are slightly higher than average at $2,125 per month, but two-bedroom units are currently going for an average of just $2,538 and three-bedroom units for $3,450.

Schools & amenities in Davisville Village

Davisville Village has a ton of schools to choose from for every age group, with Maurice Cody Junior Public School and Davisville Junior Public School for students in pre-K to grade 6, Hodgson Senior Public School for grades 7-8, and the North Toronto Collegiate Institute for high school aged students. June Rowlands Park is close by with both baseball diamonds and tennis courts, as well as a popular farmers’ market in the summer.

Transportation in Davisville Village

Davisville Village is well-connected to Toronto’s downtown, with about a 20-minute trip by car, and about a 25-35 minute trip by transit with bus routes along Mount Pleasant Boulevard and nearby Eglinton Station providing a direct route to the centre of the city.

7. Danforth Village

Danforth Village is a diverse community that’s home to everyone from students to young professionals, but plenty of families have found a home within the neighbourhood due to its vibrant feel and proximity to some of Toronto’s best schools, parks, and shopping. The latter is a defining quality of the neighbourhood – Danforth Avenue is one of the city’s best-known shopping districts, but it’s equally known for its status as Toronto’s Greektown, and renters will find all sorts of delicious restaurants, cafes and grocers across the neighbourhood. For families in particular, Danforth Village has a ton to offer. Its tree-lined streets and picturesque houses make for the ideal place for younger children to grow up, and parents will love the convenience that comes with the area’s east end location.

• Browse listings in Danforth Village

Average rent in Danforth Village

Recent numbers suggest that the average rent in Danforth Village is well-below Toronto’s average, at just $1,690 for an unfurnished, one-bedroom unit. Even for two- and three-bedroom units which are particularly popular within the area, rent is relatively cheap: two-bedroom units go for an average of $2,350, and three-bedroom units are just $2,850 as of May 2022.

Schools & amenities in Danforth Village

While it may be known for its superb shopping, Danforth Village is also home to many schools, parks, and other amenities that make it ideal for families. For schools, Chester Elementary School, Westwood Middle School, and East York Collegiate Institute are all nearby, with eleven total public schools within range. Monarch Park is the highlight of the neighbourhood’s amenity spaces, with a recreational facility that has an ice rink, a wading pool, and a swimming pool. Also nearby are various sports fields, gyms, and a public library within walking distance of Danforth Village.

Transportation in Danforth Village

As it’s on the city’s eastern edges, Danforth Village is a little further from Downtown Toronto: by car, it’s only about a 15-20 minute drive, but transit takes 30-40 minutes depending on the route taken.

8. Rockcliffe-Smythe

Rockcliffe-Smythe is yet another up-and-coming neighbourhood on Toronto’s west side that’s seen considerable attention in recent years as an affordable, exciting new community for all sorts of renters. Primarily residential but with easy access to some of the city’s best amenities, Rockcliffe-Smythe is a nature lover’s dream with parks everywhere you turn and easy access to both the 401 to take you out of town, as well as an excellent transit network within reach. There are a few micro-neighbourhoods within the area like Syme and Harwood which are particularly family-friendly, but practically everywhere in the area affords the same great access to schools, parks, and practically everything else families could ask for.

• Browse listings in Rockcliffe-Smythe

Average rent in Rockcliffe-Smythe

Rockcliffe-Smythe is located in the York area of Toronto, where the average rent was $1,917 for an unfurnished, one-bedroom unit as of May 2022. Prices don’t budge much for more bedrooms in the area, either – a two-bedroom unit can be had for just $2,051 on average, and three-bedroom units typically cost $3,378. Note that this is for the area as a whole, and Rockcliffe Smythe’s prices may be slightly higher due to the unique qualities of the neighbourhood.

Schools & amenities in Rockcliffe-Smythe

Rockcliffe-Smythe has a ton of schools within its borders for students of all ages. Most notably, Cordella and King George Junior Public High Schools for pre-K to grade 6, Harwood Public School, Rockcliffe Middle School, and George Harvey Collegiate Institute. There’s certainly no shortage of family-friendly parks either – Smythe Park, Dalrymple Park, and Cayuga Park are all within walking distance of the neighbourhood.

Transportation in Rockcliffe-Smythe

The amount of green space and nearby trails can make Rockcliffe-Smythe feel a world away from the city, but it’s only about a 25-35 minute drive to Downtown Toronto, or about 35-45 minutes by public transit. Runnymede Station is probably your closest transit option for getting downtown quickly.

How to find family-friendly rentals on liv.rent

As you can see, the City of Toronto has a vast range of family-friendly housing options across the city, in practically every corner – whether in the heart of Downtown or closer to the outer limits. Still, finding family-friendly housing isn’t always easy, which is why liv.rent has added features to make your rental search a breeze. Here are a few tips to automate your search and save time:

1. Set up listing alerts – Finding your perfect rental home doesn’t have to be a full-time job, especially if you’re busy raising a family. Take back your time with liv.rent’s Listing Alerts by simply setting an alert (or multiple alerts) with the features you’re looking for in a home. Whenever a listing is posted that matches your criteria, you’ll receive a notification in your inbox. To learn more about setting up Listing Alerts, watch the quick how-to video below.

2. Browse listings using Map View – If there’s a certain neighbourhood or neighbourhoods you’re looking to rent in, try using liv.rent’s handy Map View to easily hone in on certain areas. You’ll be able to see exactly where each listing is located as well as major roads and green spaces nearby.
3. Look out for verified landlords and listings – Take the guesswork out of your rental search with liv.rent’s extensive, multi-step verification processes for both landlords and properties. Rental scams are unfortunately all-too-common and it’s important to be able to rent with peace of mind to protect yourself and your family. Look out for the badges below to confirm that we’ve verified the property and profile you’re applying to.

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The post The 8 best neighbourhoods for families in Toronto appeared first on liv.rent blog.

We’ll also be hearing from Toronto-based real estate expert Elena Saradidis from Brad J. Lamb Realty Inc., getting her thoughts on some of the most desirable neighbourhoods for real estate investors, investment strategies for the current market, and more.

Is a rental property right for you?

When considering whether or not to purchase an investment property, one of the first things you’ll need to decide is whether you’ll be living in the property yourself, or renting it out. For most investors, buying an investment property means renting it out in order to maximize your profits while keeping the unit occupied.

This comes with its own challenges though, since managing a rental property requires both time and knowledge of the rental process. For those looking for a passive income stream, be aware that being a landlord requires more work than many think. Finding the right tenants, performing property inspections and maintenance, collecting rent, and more can all take tons of time out of your already busy schedule.

However, there are plenty of ways to automate and streamline these tasks. Rental management duties like tenant screening, contract signing, and rent payments can all be made easy and efficient using digital rental platforms like liv.rent. This all-in-one rental software was specifically designed for busy landlords in Canada, with features like built-in tenant screening through the Trust Score, digital contracts and addendums, and automated rent payments. If you’d like to learn more about how liv.rent can help maximize your rental profits, you can take a look at the platform’s features here.

Looking to finance your first home? Until September 4th, 2024, get up to $4,100 cash back on a new BMO mortgage, plus lock in your rate for 130 days – the longest of any major Canadian bank.

See here for details & conditions and take advantage of this amazing opportunity to purchase a new home.

Average rent in the Greater Toronto Area

Each month, liv.rent analyzes rental data and trends from across the GTA to provide monthly rent reports for both landlords and renters. Below, you’ll find average rent prices for unfurnished units across the different municipalities in the Greater Toronto Area as of June 2024 to give you a sense of how these numbers vary. For a more in-depth look into the region’s rental averages, including a closer look at Toronto’s different neighbourhoods as well as cities outside of the GTA, you can find our latest rent report here.

How to choose where to invest in real estate

Investing in real estate is a huge financial commitment, and it’s always recommended that investors do their due diligence before settling on a neighbourhood to purchase property in. Forecasting which areas will hold their value over the long-term, and predicting up-and-coming neighbourhoods is no easy task, but looking to the future is always a good idea for real estate investors.

In breaking down the various areas of Toronto that offer the best value for landlords looking to invest in real estate, we’ve attempted to pinpoint neighbourhoods projected to increase in value while also attracting plenty of rental attention in the present. For each neighbourhood we’ll look at in this article, we’ll cover the following factors:

• Renter demographics
• Job opportunities
• Crime rate
• Nearby schools & amenities
• Public transit options

Ultimately, the best neighbourhoods to invest in real estate balance all of these factors – though it’s up to individual investors what they’ll prioritize when deciding where to buy. We strongly recommend working with a licensed real estate agent who can help you narrow down where to look.

“We’re currently at a crucial point in time for Canada’s real estate market. Things are shifting in significant ways, and right now is a great time to be an investor in particular. Interest rates are up and property values are falling, yet renters are still competing for properties. It’s important to consider all the various financial aspects of buying, though, which the right realtor can certainly help you with.” –Elena Saradidis

Best neighbourhoods to invest in real estate in Toronto

Little Italy

Neighbourhood overview

Leading off our list is Little Italy, one of Toronto’s most happening neighbourhoods located just west of the city’s downtown core. The area has long been a favourite among investors for its broad appeal, combining quiet, residential streets with a vibrant buzz that’s difficult to replicate. Trattorias, cafes, and trendy stores line the stretch of Little Italy along College Street, a popular hub for residents and visitors alike. Despite near-constant demand, there is still plenty of profit to be made for investment landlords in the area — especially as rising interest rates drive home prices lower across the city. Little Italy is fairly evenly split with 54% of residents renting and 46% who own their unit, which makes it a good choice both for both short- and long-term investments.

“Little Italy is one of my absolute favourite neighbourhoods”, says Elena. “It has an amazing location that’s well within walking distance of the University of Toronto, excellent transit options on both ends of College Street, and a really special energy that you won’t find in other pockets of the city. The nightlife makes it popular among young professionals, but there isn’t a party vibe — it’s still a primarily residential area that’s well-suited to families.”

Real estate in Little Italy primarily consists of row houses and Victorian-era attached homes in the classic Toronto style. Its rich Italian heritage is apparent in the many delicious restaurants and bars nearby, such as the always popular Café Diplomatico and the renowned Bar Raval. Combine this with an excellent school system and low crime rates and there’s really not much more investors could ask for from this neighbourhood.

Here’s a quick overview of Little Italy:

Source: nexthome.ca

Average home prices in Little Italy

Below are the average house prices in Little Italy as of June 2022. These numbers are from Zolo.ca with data drawn from MLS listings in the area.

Source: Zolo

Corktown

Neighbourhood overview

One of Toronto’s oldest residential neighbourhoods, Corktown is a popular rental destination for the city’s young professionals thanks to its close proximity to Downtown and eclectic mix of shops, dining options, and community-centred amenities. Originally a home for workers at the many breweries and brickyards nearby, Corktown is a small but mighty district on Toronto’s east side that has seen an influx of young renters in recent times due to its relatively affordable rent prices just outside of the city’s centre. As you can see, the vast majority of Corktown’s residents rent their home, as much as 83% compared to just 17% who own.

Corktown is surrounded by some of Toronto’s most in-demand amenities and areas, like the Distillery District to the south, and the quaint St. Lawrence Market to the west. Planned infrastructure projects like continued condo development activity and the extension of the Ontario Line will continue to bring more interest to the Corktown neighbourhood, making this already family-friendly neighbourhood even more appealing to renters of all ages.

Here’s a quick overview of Corktown:

Source: nexthome.ca

Average home prices in Corktown

Below are the average house prices in Corktown as of June 2022. These numbers are from Zolo.ca with data drawn from MLS listings in the area.

Source: Zolo.ca

Leslieville

Neighbourhood overview

Once considered an up-and-coming neighbourhood on Toronto’s east side, Leslieville has blossomed into a hip, family-friendly area with its own distinct feel and plenty to do for residents of all ages. Exceedingly popular amongst working professionals with families, the area boasts an excellent school system and an assortment of amenities, not to mention convenient access to Toronto’s downtown via Pape Station. The area is best known among Toronto residents for its stellar brunch restaurants and numerous dining options, in addition to trendy boutiques and thrift stores lining the area’s bustling streets.

“Leslieville is a popular choice for families in particular. It’s nice and quiet but still close to everything, and it’s certainly never boring with plenty to do year-round. For investors, the high percentage of owners is a good sign for long-term investments, but units still rent quickly as well since Leslieville has so much to offer.” –Elena Saradidis

The majority of residents in Leslieville do own their home, but there’s plenty of year-round rental activity in the neighbourhood as well with 41% of Leslievile residents renting. Combined with low crime rates, family-friendly amenities and plenty of job opportunities nearby, Leslieville is an investor’s dream that will continue to hold value well into the future.

Here’s a quick overview of Leslieville:

Source: nexthome.ca

Average home prices in Leslieville

Below are the average house prices in Leslieville as of June 2022. These numbers are from Zolo.ca with data drawn from MLS listings in the area.

Source: Zolo.ca

The Annex

Neighbourhood overview

The Annex is one of Toronto’s most renowned neighbourhoods, and for good reason. The area’s stately architecture is known around the world, and the neighbourhood also shares a boundary with the University of Toronto‘s St. George Campus, which makes it a popular place of residents for students, professors, and other campus employees. Rich in history, The Annex is home to a variety of iconic Ontario landmarks like Lee’s Palace, a popular concert venue, the Royal Ontario Museum, and Hot Docs Ted Rogers Cinema.

Despite all this, the area still has a lot to offer investors, with home values projected to rise further and rental rates continuing to rise across Downtown Toronto. Just 26% of residents in The Annex own their home, while 74% rent ⁠— suggesting that there’s high demand for rental properties in the area which means landlords will have no problem keeping their unit rented.

Here’s a quick overview of The Annex:

Source: nexthome.ca

Average home prices in The Annex

Below are the average house prices in The Annex as of June 2022. These numbers are from Zolo.ca with data drawn from MLS listings in the area.

Cabbagetown-South St. James Town

Neighbourhood overview

Rich in both history and opportunity, Cabbagetown-South St. James Town is one under-the-radar pick for investors of all stripes. Located on the northeast end of Toronto’s downtown, Cabbagetown-South St. James Town is receiving renewed attention from real estate buyers across the city thanks to a bevy of new development, planned extensions to the Ontario Line, and so much more. The eclectic area is easily walkable from downtown, with major businesses like PwC, Coca-Cola, and others nearby in Toronto’s East End.

“Toronto’s East End is an area I’m always showing off to my clients. All it takes is a quick stroll around the neighbourhood to see why it’s so popular. There’s a growing sense that this is one of the premier places to be in the city, with a noticeable buzz throughout its streets and over sixty new constructions coming to the area. The Ontario Line expansion will only make this more popular in the long-term, so now’s a great time see for yourself what this neighbourhood has to offer.” –Elena Saradidis

Here’s a quick overview of Cabbagetown-South St. James Town:

Source: nexthome.ca

Average home prices in Cabbagetown-South St. James Town

Below are the average house prices in Cabbagetown-South St. James Town as of June 2022.

Source: Zolo.ca

How to calculate profitability on your rental property

One of the key things investors need to look at before investing in a rental property is the capitalization rate, or cap rate, of their potential investment. To put it simply, capitalization rate denotes the expected rate of return on an investment property. In other words, your property’s capitalization rate measures the ratio between your annual rental income and the property’s current market value.

We won’t get into the precise formula here since there’s a good deal that goes into calculating this number, but there are plenty of calculators online to help you get a sense of how much you can make from your rental property, such as this one from calculator.net.

Interest rates & what they mean for investors

Rising interest rates have sent many Canadian investors into a frenzy, but what do they actually mean for real estate investors? For those who already own a home, this rise could be cause for concern as mortgage rates rise accordingly. According to a recent CBC article, as many as 1 in 4 Canadians will be forced to sell their home if rates continue to rise, a grim statistic that has caused panic across the country. Particularly for those with a fixed-rate mortgage, be prepared to see your monthly mortgage payments rise in the coming months.

However, a likely side effect of these rising rates is a significantly larger inventory of rentals and decreased demand, which likewise means lower sale prices — which could be good news for investors. It’s also probable that rent prices continue to rise alongside mortgage rates as homeowners recoup their more costly payments, which signals that Canadian investors still have plenty of opportunities to turn a profit by renting out their units. If you’re planning on investing in real estate in the coming months, it’s a good idea to educate yourself on what these higher interest rates mean for you as an investor, and prepare accordingly for stress tests and other realities brought on by higher interest rates.

Tips for renting out your property

Should you choose to rent out your property, it’s a good idea to get familiar with the rental process in Canada and Ontario specifically, including the terms of Ontario’s standard lease. There’s more to being a successful landlord than this though, particularly if you’re trying to maximize the potential profit you can earn from your unit.

The most successful landlords are experts at both marketing and tenant screening — the two most important factors in ensuring your unit remains occupied with quality tenants. Many investors, especially those with larger portfolios, tend to use property managers to operate their rental units, but managing your own property can be easier than you’d think.

Here are a few tips for maximizing your property’s capitalization rate while saving time and minimizing effort:

1. Share your listings to multiple platforms — In order to reach as many renters as possible, it’s important for landlords to share their listings far and wide. Popular listing sites like Craigslist, Kijiji, and Facebook Marketplace help you expand our audience and rent out your listing faster.
2. Have a rental ‘hub’ — Once you have plenty of interested leads, it’s a good idea to choose one rental platform to handle all of your communications, leases, and rent payments. One option is liv.rent, a Canadian all-in-one rental platform that allows landlords to conduct the entire rental process in one place.
3. Use technology to your advantage — The rental industry has evolved rapidly in recent years, with advances like 3D Video Tours and Bitcoin rent payments changing the way landlords do business. To stay ahead of the curve and accommodate more renters, choose a digital rental platform that supports these cutting-edge technoologies.

How liv.rent helps investment landlords

Investors looking to become successful landlords can greatly benefit from liv.rent’s suite of rental management and marketing features. This all-in-one Canadian rental platform gives you access to a complete range of property management features, such as the Trust Score, our proprietary tenant screening tool powered by Equifax® credit reports, in addition to essential tools like standard digital contacts and automated rent payments by credit card, Bitcoin, and UnionPay.

For growth-minded landlords looking to expand their portfolio and grow their reputation as an investor, we also offer a premium Growth Plan for just $18/month, with additional features like lawyer-vetted lease addendums, 15 included credit checks per month, and organization and management tools for up to 3 users.

To learn more about how liv.rent can help you grow your portfolio and maximize your investment property’s profits, take a look at our pricing plans here.

About Elena Saradidis

Elena Saradidis was Brad J. Lamb Realty’s #1 realtor for 2021, going from getting her license to recording over $40 million in sales in just 3 short years — all before she was 25 years old. In addition to helping hundreds of clients in her hometown of Toronto, Ontario, Elena is an active investor herself with a portfolio worth just shy of $10 million. Part of what makes her so successful as a realtor is that she truly practices what she preaches and uses her own real estate portfolio to showcase what her clients can accomplish.

Coming from a background in technology and public relations, Elena has built a strong presence based primarily on positive referrals and online marketing. Her emphasis on the post-sale is equally impressive, making sure that the excitement of a new purchase isn’t overshadowed by all the stress that typically accompanies it. This focus on customer satisfaction has had undeniable compounding results, with repeat clients making up over 40% of her annual bookings.

For more information or to get in touch with Elena, you can find her website here.

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive the latest tenant & landlord tips and get notified about changes in the Canadian rental market.

>> Stay up-to-date on the average rent in Vancouver, Toronto and Montreal: Rent Reports.

The post The 5 best neighbourhoods to invest in real estate in Toronto appeared first on liv.rent blog.