August 2026 Ontario rent report

At a glance

• City of Toronto rents are down nearly 6% from a year ago
  • The average asking rent for an unfurnished one-bedroom in the City of Toronto was $1,947 this August, down 5.99% from $2,071 in August 2025. Rents have sat below the same month a year earlier every month so far in 2026.
• Mississauga’s furnished rents pulled back sharply
  • Mississauga posted the sharpest single move in the dataset this month, with furnished one-bedroom rents falling 14.40% from $1,931 to $1,653. Furnished two-bedroom rents in Mississauga also decreased 4.91%, even as the city’s unfurnished one-bedroom rents rose 1.12%.
• Furnished one-bedrooms are now cheaper than unfurnished ones in Toronto
  • The average furnished one-bedroom in the City of Toronto, at $1,930, cost less than the average unfurnished one-bedroom, at $1,947, this month, a reversal of the usual furnished premium. Furnished one-bedroom rents rose 0.65% from July, while unfurnished one-bedroom rents fell 0.68% over the same period.

Download the latest Toronto rent report

For the complete Toronto rent report including municipality breakdowns, download here.

Download report

Download liv.rent’s 2026 Canada rental market trends report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

As of July 15, 2026, the Bank of Canada held its policy interest rate at 2.25%, the sixth consecutive hold. The next scheduled announcement is September 2, 2026.

Let’s look now at the current rental costs and overarching trends in Toronto for August 2026.

Ontario rent trends

Planning on raising rent this year? Ontario’s annual rent increase guideline for 2026 is capped at 2.1%. Find out when and how to increase rent, and how to comply with provincial rules, by reading our updated guide to Ontario rent increases.

Recommended reading: Guide to Ontario Rent Increases

Viewed across the year so far, the City of Toronto’s unfurnished one-bedroom asking rent has held in a narrow band while remaining well below the same months in 2025. The gap against last year has stayed wide through the spring and summer.

Is your rental priced competitively?

Find out with a free rent estimate. Our team of rental experts will calculate your unit’s true value based on your listing details and current market trends.

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Month-to-month rent change

To better understand how rent prices have shifted across selected Ontario areas, here are the most significant month-over-month movements for furnished and unfurnished one-bedroom units.

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Markham, Ottawa, and Brampton recorded the strongest increases, while North York, Downtown Toronto, and Scarborough posted the most notable decreases.

Furnished Toronto rent trends

Furnished one-bedroom rents increased most in Ottawa, Scarborough, and Brampton, while Mississauga recorded the sharpest decline, followed by Markham and North York.

Read more: The ultimate renter’s guide to using liv.rent

Toronto furnished vs. unfurnished averages

Average prices for furnished and unfurnished one-bedroom units in the City of Toronto moved in opposite directions this month. Furnished one-bedrooms rose 0.65% to $1,930 per month, while unfurnished units decreased 0.68% to $1,947. A furnished one-bedroom now rents for $17 less per month than an unfurnished one on average, a reversal from the usual furnished premium.

Read more: 56 Questions Every Landlord Should Ask Applicants Before They Sign A Lease

Rent per square foot

Where is the most affordable place to rent among the selected Ontario areas based on the space you get? As of August 2026, the average asking rent per square foot rose 3.28% from July to $2.28. The least expensive areas for square footage are Brampton, Vaughan-Richmond Hill, and Markham. The most expensive are Etobicoke, Downtown Toronto, and Mississauga.

Active listing data

We also examine detailed statistics for currently active listings on the market to see which property types and bedroom counts are most represented. For renters, these numbers show the types of units you are most likely to encounter across the GTA. For landlords, they indicate how much competition you face based on current supply.

Active listings by property type

As of August 2026, apartments were the most common rental property type on the market at 95.65% of active listings. Partial houses were the second most represented unit type this month at 1.92%, followed by houses at 1.31% and townhouses at 1.12%.

Active listings by number of bedrooms

Looking at bedroom counts, one-bedroom units were the most common listing this month at 49.29%, with two-bedroom units close behind at 42.21%. Three-bedroom units made up the remaining 8.50%.

City breakdown

Rental averages vary widely across Ontario, so we compare one-bedroom, two-bedroom, and three-bedroom rates for furnished and unfurnished units across 20 tracked areas. Among the 20 Ontario areas we track, Oakville is the most expensive this month, with an unfurnished one-bedroom asking $2,172 per month, while London is the most affordable at $1,547 per month, a difference of $625.

Read more: Rental Vacancy Rates In The City Of Toronto

Let’s take a closer look at how rents shifted this month by listing type across the GTA:

• Unfurnished one-bedroom rents were mixed across GTA areas this month. Downtown Toronto, North York, Scarborough, Oshawa, Milton, and Burlington declined, while the other tracked GTA areas increased.
• Furnished one-bedroom rents were mixed across GTA areas. York, East York, Scarborough, Oshawa, Brampton, Milton, Burlington, and Oakville increased, while six other tracked areas declined.
• Vaughan-Richmond Hill and East York were the only tracked GTA areas where every unfurnished unit type with available data increased this month.

Read more: FAQ: Everything You Need To Know About Rent Deposits In Ontario

Is your rental priced competitively?

Find out with a free rent estimate. Our team of rental experts will calculate your unit’s true value based on your listing details and current market trends.

Get your free estimate

Rental averages for other Ontario cities

Across other Ontario areas outside the City of Toronto, rents were mixed this month. London continues to offer the most affordable unfurnished one-bedroom average in our dataset at $1,547, while Burlington and Oakville remain among the priciest municipalities we track outside the downtown core, at $2,117 and $2,172 respectively. Kitchener held closer to the middle of the pack at $1,635, and Ottawa’s unfurnished one-bedroom average was $1,849 this month. For the full municipality-by-municipality breakdown, download our full report here.

Most expensive cities in Canada

This August, four of the country’s five most expensive cities are in Metro Vancouver, with our own Burlington the only non-B.C. city to make the list. West Vancouver claims the top spot as the most expensive city in Canada to rent in, followed by North Vancouver and Vancouver, with Burlington and Burnaby rounding out the top five.

Downloadable resources

Download the latest Toronto rent report

For the complete Toronto rent report including municipality breakdowns, download here.

Download report

Renting in Ontario

These comprehensive guides cover renting in Ontario and using liv.rent to streamline your rental process.

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Eviction in Ontario

Data collection methodology

Our monthly rent reports use data from our own liv.rent listings, as well as data our team manually collects from other popular listing sites, covering available basement suites, apartments, condos, townhouses, semi-detached houses, and single-detached houses for each area.

When collecting this data, we exclude luxury properties listed at over $5,000, as well as rooms for rent and shared accommodation. Investing in manual data collection means we consider only the current month’s listings, since we can filter out duplicate listings and older ads that have not been removed.

Another key difference between our data collection methods and those of agencies such as the Canada Mortgage and Housing Corporation is that we include only current asking rent prices. Many official reports include data for entire buildings, which tends to skew numbers lower since many units are already occupied and may be rent-controlled or rented well below current rates.

As a Canadian rental platform founded and based in Vancouver, we want to provide a completely accurate depiction of the rental market in the cities we cover.

Rethink the way you rent

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

Learn more

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s rent reports below:

Vancouver rent report
Ontario rent report
Montreal rent report
Calgary and Edmonton rent report

The post August 2026 Ontario Rent Report appeared first on liv.rent blog.

• Most GTA municipalities recorded lower year-over-year unfurnished one-bedroom rents
  • Most municipalities in the GTA recorded lower unfurnished one-bedroom rents compared with July 2025, with declines ranging from 0.6% in Burlington to 15.8% in Markham. Milton was the exception, increasing slightly by 0.3%.
    
• York Region records the GTA’s steepest year-over-year rent declines
  • Markham and Vaughan-Richmond Hill posted the largest year-over-year declines in unfurnished one-bedroom rents, falling by 15.8% and 14.8%, respectively.
    
• Downtown Toronto remains one of the GTA’s most expensive rental markets despite only a modest year-over-year decline
  • While most GTA municipalities recorded lower year-over-year rents, Downtown Toronto saw one of the smallest declines (declining by 1.0%, from $2,127 to $2,106.) and remained one of the region’s highest-priced markets for unfurnished one-bedroom rentals.
    

Download liv.rent’s 2026 Canada Rental Market Trends Report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

As of June 10th, 2026, the Bank of Canada maintains the interest rate at 2.25%, marking the sixth consecutive announcement with no change. Many economists expect the Bank to remain cautious through 2026 as inflation and economic uncertainty persist.

As of July 2026, the City of Toronto’s average monthly rent for an unfurnished one-bedroom dropped YoY by $87, reaching a new average of $1,961/month.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by $9 this July to $1,961/month. On the other hand, the average rent for a furnished one-bedroom decreased by $11 since last month, bringing the rate to $1,918/month.

Planning on raising rent this year? Ontario’s annual allowable rent increase guideline for 2026 is 2.1%. Find out when and how you can increase rent and ensure you’re complying with provincial guidelines by reading our updated Guide to Ontario Rent Increases.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across major Ontario cities and municipalities. between June and July 2026.

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Brampton and Scarborough saw the largest decreases, while Downtown Toronto and North York were the only areas shown that recorded increases.

Furnished Toronto rent trends

Furnished one-bedroom rents saw mixed movement this month. North York and Brampton recorded the strongest increases, while Vaughan-Richmond Hill and Downtown Toronto recorded decreases.

Toronto furnished vs. unfurnished averages

This month, prices for both furnished and unfurnished one-bedroom units decreased, falling by 0.58% to $1,918/month and by 0.48% to $1,961/month, respectively. The average furnished one-bedroom unit rents for $43 less than an unfurnished one-bedroom unit.

Rent per square foot

Our monthly Rent Reports also look more closely at the average rent per square foot in major Ontario cities and municipalities. This July, Downtown ($2.81/sq. ft.) had the highest rent per square foot. At the other end of the spectrum, Brampton had the lowest rent per square foot ($1.31/sq. ft.).

Active listing data

We’ll also look at detailed statistics for currently active listings available to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you’re most likely to encounter in the Greater Toronto Area, while for landlords, you can assess how much competition you’ll face based on the current supply.

Active listings by property type

As of July 2026, the most common rental property type was apartments, representing the vast majority of active listings in the GTA at 94.96%. Partial houses were the second most common unit type this month, representing a distant 3.17% of active listings, followed by houses at 1.72% and townhouses at 0.16%.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a varied spread across active listings on the market this July. One-bedroom units were the most common type of listing in the GTA this month at 50.33%, while two-bedroom units represented 41.42% of the region’s active listings. Three-bedroom units made up the remaining 8.25%.

City breakdown

This July, Oshawa is the cheapest municipality among the GTA areas included in this section, while Oakville is the most expensive place to rent this month.

The average rent price for an unfurnished one-bedroom unit in Oakville currently stands at $2,132/month, while in Oshawa the same type of unit rents for an average of $1,652/month. That is a difference of $480 between the two.

With Ontario’s different communities being so diverse, we’re breaking down selected Ontario areas into its different cities and municipalities to see the price difference within listing types: one-bedroom, two-bedroom, and three-bedroom units, both unfurnished and furnished.

• All prices for unfurnished one-bedrooms decreased except in Downtown and North York.
• All prices for furnished one-bedroom rents increased everywhere except Vaughan-Richmond Hill and Downtown month-to-month.
• Downtown was the only area that saw an increase in price for all types of unfurnished units.

Rental averages for other Ontario cities

We’ve also looked at data from cities and municipalities in other regions within and surrounding the GTA. Looking at these additional cities, London is the least expensive to rent in July for one-bedroom unfurnished units at $1,487/month. Oakville is the most expensive for unfurnished one-bedroom units at $2,132/month.

For complete data on these cities as well as other municipalities outside of the Greater Toronto Area, download our full report here to view the complete report.

Most expensive cities in Canada

This July, the top 4 of the country’s most expensive cities are located in Metro Vancouver as West Vancouver claims the top spot as the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, and Richmond with Burlington, Ontario rounding out the top 5.

Downloadable resources

Our complete July 2026 Rent Report has information on even more key areas, broken down into region and unit type for a complete overview of rental averages in Ontario. To view these and all the other new information we’ve added, be sure to download your copy of the Rent Report below.

Renting in Ontario

For more information on renting in Ontario, refer to these comprehensive resource posts:

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Everything You Need to Know About Eviction in Ontario

Data collection methodology

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 monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post July 2026 Ontario Rent Report appeared first on liv.rent blog.

• Vaughan-Richmond Hill becomes one of Ontario’s most affordable rental markets
  • Vaughan-Richmond Hill recorded the largest year-over-year decline among major Ontario markets, with average one-bedroom unfurnished rents falling 15.21% from $2,176 to $1,845. The sharp correction has transformed the area into one of the most affordable markets tracked in June 2026.
    
• Downtown Toronto outperforms surrounding GTA markets
  • While many GTA municipalities experienced significant annual declines, Downtown Toronto recorded the smallest year-over-year decrease among major Ontario markets at just 1.69% (-$36). In comparison, nearby markets such as Vaughan-Richmond Hill (-15.21%), Markham (-13.69%), and North York (-7.98%) saw much steeper corrections. The contrast suggests rental demand in Toronto’s urban core has remained relatively resilient despite broader market softening.
    
• One-bedroom rentals experience the sharpest annual correction
  • Ontario rental prices declined across all major unit types year-over-year, but one-bedroom units saw the largest drop. Average one-bedroom unfurnished rents fell 8.14%, compared to 4.14% for two-bedroom units ($2,585 → $2,478) and 1.66% for three-bedroom units ($3,184 → $3,131). The trend suggests larger rental homes have remained more resilient than smaller units over the past year.
    

Download liv.rent’s 2026 Canada Rental Market Trends Report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

As of June 10, 2026, the Bank of Canada maintains the interest rate at 2.25%, holding steady for the fourth consecutive announcement. Experts predict this rate will be maintained through most of 2026.

As of June 2026, the City of Toronto’s average monthly rent for an unfurnished one-bedroom dropped YoY by $108, reaching a new average of $1,970/month.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto increased by $28 this June to $1,970/month. On the other hand, the average rent for a furnished one-bedroom decreased by $69 since last month, bringing the rate to $1,929/month.

Planning on raising rent this year? Ontario’s Annual allowable rent increase limit for 2026 is 2.5%. Find out when and how you can increase rent and ensure you’re complying with provincial guidelines by reading our updated Guide to Ontario Rent Increases.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across all GTA cities/municipalities between May and June 2026.

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Vaughan-Richmond Hill (-6.07%) and Etobicoke (-5.06%) saw the largest decreases, while Brampton (5.22%) and Downtown (4.76%) saw notable increases.

Furnished Toronto rent trends

This month, average rent prices for furnished one-bedroom units across the GTA saw mixed movement, with Etobicoke recording the steepest drop at -7.64%. Markham saw the highest increase, rising by 8.07%.

Toronto furnished vs unfurnished averages

This month, prices for unfurnished one-bedroom units saw an increase (1.46%) to $1,970/month while furnished units decreased (-3.48%) to $1,929/month. The average furnished one-bedroom unit rents for $41 less than a one-bedroom unfurnished unit.

Rent per square foot

Our monthly Rent Reports also look more closely at the average rent per square foot in cities throughout the Greater Toronto Area. This June, Downtown ($2.83/sq. ft.) had the highest rent per square foot. At the other end of the spectrum, Brampton had the lowest rent per square foot ($1.33/sq. ft.).

Active listing data

We’ll also look at detailed statistics for currently active listings available to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you’re most likely to encounter in the Greater Toronto Area, while for landlords, you can assess how much competition you’ll face based on the current supply.

Active listings by property type

As of June 2026, the most common rental property type was apartments, dominating the majority of all listings in the GTA at 93.81%. Partial houses were the second most common unit type this month, representing a distant 2.96% of active listings, followed by townhouses at 1.72% and houses at 1.50%.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a varied spread across active listings on the market this June. One-bedroom units were the most common type of listing in the GTA this month at 50.55%, while two-bedroom units represented 40.81% of the region’s active listings. Three-bedroom units made up the remaining 8.64%.

City breakdown

This June, Oshawa is the cheapest municipality to rent in out of the areas we look at for our Rent Reports, while Burlington is the region’s most expensive place to rent this month.

The average rent price for an unfurnished one-bedroom unit in Burlington currently stands at $2,107/month, while in Oshawa the same type of unit rents for an average of $1,655/month – a difference of $452 between the two.

With Ontario’s different communities being so diverse, we’re breaking down the GTA into its different cities and municipalities to see the price difference within listing types: one-bedroom, two-bedroom, and three-bedroom units, both unfurnished and furnished.

• All prices for unfurnished one-bedrooms decreased except in Brampton, Downtown, and Scarborough.
• North York was the only area where furnished one-bedroom rents remained unchanged month-to-month.
• Brampton and Downtown were the only cities that saw an increase in price for all types of unfurnished units.

Rental averages for other Ontario cities

We’ve also looked at data from cities and municipalities in other regions within and surrounding the GTA. Looking at these additional cities, London is the least expensive to rent in June for one-bedroom unfurnished units at $1,497/month. Burlington is the most expensive for unfurnished one-bedroom units at $2,107/month.

For complete data on these cities as well as other municipalities outside of the Greater Toronto Area, download our full report here to view the complete report.

Most expensive cities in Canada

This June, the top 4 of the country’s most expensive cities are located in Metro Vancouver as West Vancouver claims the top spot as the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, and Richmond with Burlington, Ontario rounding out the top 5.

Downloadable resources

Our complete June 2026 Rent Report has information on even more key areas, broken down into region and unit type for a complete overview of rental averages in Ontario. To view these and all the other new information we’ve added, be sure to download your copy of the Rent Report below.

Renting in Ontario

For more information on renting in Ontario, refer to these comprehensive resource posts:

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Everything You Need to Know About Eviction in Ontario

Data collection methodology

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 monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post June 2026 Ontario Rent Report appeared first on liv.rent blog.

• Ontario rents continue to decline across major markets compared to last year
  • Rents across Ontario have declined compared to last year, with one-bedroom unfurnished units averaging $1,970, down 8.8%. The largest drops were recorded in markets such as Brampton (-10.8%) and Downtown Toronto (-10.2%).
    
• Core and suburban markets show diverging rental trends in 2026
  • While Downtown Toronto recorded consistent declines across all unit types, with one-bedroom rents down -4.72% since January and -5.94% month over month, outer markets such as Etobicoke saw strong growth. One-bedroom rents in Etobicoke increased +6.98% since January and +7.51% month over month, highlighting shifting demand toward suburban areas.
    
• Larger rental units are experiencing the most volatility across Ontario
  • Three-bedroom rents have shown the widest fluctuations, with Etobicoke rising +16.91% since the start of the year while other markets, such as Ottawa, declined -3.40% month over month. This uneven movement suggests demand for larger units remains inconsistent across regions.
    

Download liv.rent’s 2026 Canada Rental Market Trends Report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

As of April 29th, 2026, the Bank of Canada maintains the interest rate at 2.25%, holding steady for the fourth consecutive announcement. Experts predict this rate will be maintained through most of 2026.

As of May 2026, the City of Toronto’s average monthly rent for an unfurnished one-bedroom dropped YoY by $206, reaching a new average of $1,942/month.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by $8 this May to $1,942/month. The average rent for a furnished one-bedroom increased by $15 since last month, bringing the rate to $1,998/month.

Planning on raising rent this year? Ontario’s Annual allowable rent increase limit for 2026 is 2.5%. Find out when and how you can increase rent and ensure you’re complying with provincial guidelines by reading our updated Guide to Ontario Rent Increases.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across all GTA cities/municipalities between April and May 2026.

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Downtown (-5.97%) and Markham (-2.84%) saw the largest decreases, while Etobicoke (7.50%), North York (3.83%), and Ottawa (1.59%) saw notable increases.

Furnished Toronto rent trends

This month, average rent prices for furnished one-bedroom units across the GTA saw notable declines, with Scarborough recording the steepest drop at -7.50%. Mississauga was the only city to see an increase, rising by +9.35%.

Toronto furnished vs unfurnished averages

This month, prices for unfurnished one-bedroom units saw a decrease (-0.43%) to $1,942/month while furnished units increased (0.75%) to $1,998/month. The average furnished one-bedroom unit rents for $56 more than a one-bedroom unfurnished unit.

Rent per square foot

Our monthly Rent Reports also look more closely at the average rent per square foot in cities throughout the Greater Toronto Area. This May, Downtown ($2.86/sq. ft.) had the highest rent per square foot. At the other end of the spectrum, Brampton had the lowest rent per square foot ($1.36/sq. ft.).

Active listing data

We’ll also look at detailed statistics for currently active listings available to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you’re most likely to encounter in the Greater Toronto Area, while for landlords, you can assess how much competition you’ll face based on the current supply.

Active listings by property type

As of May 2026, the most common rental property type was apartments, dominating the majority of all listings in the GTA at 88.35%. Partial houses were the second most common unit type this month, representing 5.16% of active listings, followed by houses at 3.91% and townhouses at 2.58%.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a varied spread across active listings on the market this May. One-bedroom units were the most common type of listing in the GTA this month at 49.80%, while two-bedroom units represented 41.25% of the region’s active listings. Three-bedroom units made up the remaining 8.94%.

City breakdown

This May, Oshawa is the cheapest municipality to rent in out of the areas we look at for our Rent Reports, while Oakville is the region’s most expensive place to rent this month.

The average rent price for an unfurnished one-bedroom unit in Etobicoke currently stands at $2,176/month, while in Oshawa the same type of unit rents for an average of $1,587/month – a difference of $589 between the two.

With Ontario’s different communities being so diverse, we’re breaking down the GTA into its different cities and municipalities to see the price difference within listing types: one-bedroom, two-bedroom, and three-bedroom units, both unfurnished and furnished.

• All prices for unfurnished one-bedrooms increased except in Markham and Downtown.
• All furnished one-bedroom units decreased except in Mississauga.
• Etobicoke, North York, and Vaughan-Richmond Hill were the only cities that saw an increase in price for all types of unfurnished units.

Rental averages for other Ontario cities

We’ve also looked at data from cities and municipalities in other regions within and surrounding the GTA. Looking at these additional cities, Oshawa is the least expensive to rent in May for one-bedroom unfurnished units at $1,587/month. Etobicoke is the most expensive for unfurnished one-bedroom units at $2,176/month.

For complete data on these cities as well as other municipalities outside of the Greater Toronto Area, download our full report here to view the complete report.

Most expensive cities in Canada

This May, all of the country’s most expensive cities are located in Metro Vancouver. West Vancouver is the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, Burnaby and Richmond.

Downloadable resources

Our complete May 2026 Rent Report has information on even more key areas, broken down into region and unit type for a complete overview of rental averages in Ontario. To view these and all the other new information we’ve added, be sure to download your copy of the Rent Report below.

Renting in Ontario

For more information on renting in Ontario, refer to these comprehensive resource posts:

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Everything You Need to Know About Eviction in Ontario

Data collection methodology

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 monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post May 2026 Ontario Rent Report appeared first on liv.rent blog.

• Three-bedroom furnished rents increase nearly 18% since January, the highest among all unit types and the only category to rise year-over-year
  • Average three-bedroom furnished rents rose from $2,877/month in January to $3,384/month in April (+17.6%), marking the strongest growth since the start of 2026. Compared to April 2025, this segment also increased (+4.7%), while all other unit types declined, highlighting a clear divergence in larger furnished units.
    
• Markham sees the largest overall rent decline across Ontario markets year-over-year
  • Across unfurnished unit types, Markham recorded the largest average decrease (−9.3%), with one-bedroom rents falling from $2,295/month to $2,007/month (−12.5%), two-bedroom rents declining from $2,831/month to $2,600/month (−8.2%), and three-bedroom units decreasing from $3,294/month to $3,053/month (−7.3%), indicating broad-based softening compared to April 2025.
    
• Oshawa and Brampton remain the most affordable neighbourhoods despite overall rent declines
  • Oshawa and Brampton ranked among the lowest-priced markets in both April 2025 and April 2026, with Oshawa decreasing from $1,777/month to $1,603/month and Brampton from $1,918/month to $1,779/month, indicating consistent affordability despite broader market declines.
    

On December 10th 2025, the Bank of Canada announced that the interest rate would stay at 2.25%, closing out last year on a low trend. Experts predict the rate to hover around the same amount for 2026.

As of April 2026, the City of Toronto’s average monthly rent price for an unfurnished one-bedroom saw a YoY drop of $176 to a new monthly average of $1,950/month this month. Let’s take a look now at the latest data and see which neighbourhoods are experiencing the biggest changes in furnished and unfurnished rental rates.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by $22 this April to $1,950/month. The average rent for a furnished one-bedroom increased by $26 since last month, bringing the rate to $1,983/month.

Planning on raising rent this year? Ontario’s Annual allowable rent increase limit for 2026 is 2.5%. Find out when and how you can increase rent and ensure you’re complying with provincial guidelines by reading our updated Guide to Ontario Rent Increases.

liv.rent’s 2026 Canada Rental Market Trends Report is now live.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across all GTA cities/municipalities between March and April 2026.

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Markham (-5.66%), North York (-3.01%), and Mississauga (-1.85%) saw the largest decreases. Meanwhile, Downtown (2.74%) and Brampton (0.71%) saw minor increases.

Furnished Toronto rent trends

This month, average rates for furnished one-bedroom units in the GTA saw some notable changes. Downtown (-0.94%) and Markham (-0.57%), saw some minor decreases, while Scarborough (9.47%), North York (4.73%) Vaughan-Richmond Hill saw increases (3.61%).

Toronto furnished vs unfurnished averages

This month, prices for unfurnished one-bedroom units saw a decrease (-1.10%) to $1,950/month while furnished units increased (1.34%) to $1,983/month. The average furnished one-bedroom unit rents for $33 more than a one-bedroom unfurnished unit.

Rent per square foot

Our monthly Rent Reports also look more closely at the average rent per square foot in cities throughout the Greater Toronto Area. This April, Etobicoke ($3.52/sq. ft.) had the highest rent per square foot. At the other end of the spectrum, Ottawa has the lowest rent per square foot ($1.79/sq. ft.).

Active listing data

We’ll also look at detailed statistics for currently active listings available to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you’re most likely to encounter in the Greater Toronto Area, while for landlords, you can assess how much competition you’ll face based on the current supply.

Active listings by property type

As of April 2026, the most common rental property type was apartments, dominating the majority of all listings in the GTA at 95.79%. Partial houses were the second most common unit type this month, representing 1.81% of active listings, followed by houses at 1.60% and townhouses at 0.80%.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a varied spread across active listings on the market this April. One-bedroom units were the most common type of listing in the GTA this month at 47.85%, while two-bedroom units represented 40.37% of the region’s active listings. Three-bedroom units made up the remaining 11.78%.

Looking for our full April 2026 Toronto Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

City breakdown

This April, Oshawa is the cheapest municipality to rent in out of the areas we look at for our Rent Reports, while Oakville is the region’s most expensive place to rent this month.

The average rent price for an unfurnished one-bedroom unit in Oakville currently stands at $2,137/month, while in Oshawa the same type of unit rents for an average of $1,603/month – a difference of $514 between the two.

With Ontario’s different communities being so diverse, we’re breaking down the GTA into its different cities and municipalities to see the price difference within listing types: one-bedroom, two-bedroom, and three-bedroom units, both unfurnished and furnished.

• All prices for unfurnished one-bedrooms decreased except in Brampton and Downtown.
• All furnished one-bedroom units increased except in Downtown and Markham.
• All types of furnished units decreased in price in Downtown.

Rental averages for other Ontario cities

We’ve also looked at data from cities and municipalities in other regions within and surrounding the GTA. Looking at these additional cities, London is the least expensive to rent in April for one-bedroom unfurnished units at $1,529/month. Oakville is the most expensive for unfurnished one-bedroom units at $2,137/month.

For complete data on these cities as well as other municipalities outside of the Greater Toronto Area, download our full report here to view the complete report.

Most expensive cities in Canada

This April, all of the country’s most expensive cities are located in Metro Vancouver. West Vancouver is the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, Burnaby and Richmond.

Downloadable resources

Our complete April 2026 Rent Report has information on even more key areas, broken down into region and unit type for a complete overview of rental averages in Ontario. To view these and all the other new information we’ve added, be sure to download your copy of the Rent Report below.

Renting in Ontario

For more information on renting in Ontario, refer to these comprehensive resource posts:

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Everything You Need to Know About Eviction in Ontario

Data collection methodology

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 monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post April 2026 Ontario Rent Report appeared first on liv.rent blog.

• Larger units across the GTA recorded the steepest rent declines
  • Larger family-sized units saw the biggest rent drops across the GTA. On average, unfurnished two- and three-bedroom rents fell about 8% year over year, compared to about 7% for one-bedroom units. The largest drop was in Vaughan/Richmond Hill, where three-bedroom rents declined from $3,540/month in March 2025 to $2,933/month in March 2026/month (-17.2%).
    
• Scarborough recorded the largest decline in one-bedroom rents
  • Scarborough had the largest decline in one-bedroom unfurnished rents among Ontario neighbourhoods, falling from $2,129/month in March 2025 to $1,934/month in March 2026 (-9.2%). Other notable drops were seen in Etobicoke (-9.0%) and Oshawa (-8.8%), showing softer entry-level rents in parts of the region.
    
• Milton led early-year rent growth among Ontario markets
  • Milton recorded the biggest increase early this year, with one-bedroom unfurnished rents rising from $1,874/month in January 2026 to $2,012/month in March 2026 (+7.4%). Smaller increases were seen in Markham (+1.4%) and Scarborough (+1.3%), while several other markets saw slight declines.
    

On December 10th 2025, the Bank of Canada announced that the interest rate would stay at 2.25%, closing out last year on a low trend. Experts predict the rate to hover around the same amount for 2026.

As of March 2026, the City of Toronto’s average monthly rent price for an unfurnished one-bedroom saw a YoY drop of $161 to a new monthly average of $1,972/month this month. Let’s take a look now at the latest data and see which neighbourhoods are experiencing the biggest changes in furnished and unfurnished rental rates.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by $19 this March to $1,972/month. The average rent for a furnished one-bedroom decreased by $36 since last month, bringing the rate to $1,957/month.

Planning on raising rent this year? Ontario’s Annual allowable rent increase limit for 2026 is 2.5%. Find out when and how you can increase rent and ensure you’re complying with provincial guidelines by reading our updated Guide to Ontario Rent Increases.

liv.rent’s 2026 Canada Rental Market Trends Report is now live.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across all GTA cities/municipalities between February and March 2026.

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Brampton (-5.41%), Etobicoke (-3.96%) and Markham (-2.16%) saw the largest decreases. Meanwhile, Scarborough (1.42%) saw a minor increase.

Furnished Toronto rent trends

This month, average rates for furnished one-bedroom units in the GTA saw some notable changes. Markham (-8.68%), Mississauga (-6.04%), and North York (-5.03%) saw notable decreases, while Vaughan-Richmond Hill saw a minor increase (1.30%).

Toronto furnished vs unfurnished averages

This month, prices for unfurnished one-bedroom units saw a decrease (-0.97%) to $1,972/month while furnished units decreased (-1.83%) to $1,957/month. The average furnished one-bedroom unit rents for $15 less than a one-bedroom unfurnished unit.

Rent per square foot

Our monthly Rent Reports also look more closely at the average rent per square foot in cities throughout the Greater Toronto Area. This March, North York ($3.93/sq. ft.) had the highest rent per square foot, followed by Etobicoke ($3.34/sq. ft.). At the other end of the spectrum, Brampton has the lowest rent per square foot ($1.44/sq. ft.).

Active listing data

We’ll also look at detailed statistics for currently active listings available to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you’re most likely to encounter in the Greater Toronto Area, while for landlords, you can assess how much competition you’ll face based on the current supply.

Active listings by property type

As of March 2026, the most common rental property type was apartments, representing the majority of all listings in the GTA at 38.01%. Partial houses were the second most common unit type this month, representing 34.77% of active listings, followed by houses at 16.10% and townhouses at 11.12%.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a varied spread across active listings on the market this March. One-bedroom units were the most common type of listing in the GTA this month at 47.47%, while two-bedroom units represented 38.55% of the region’s active listings. Three-bedroom units made up the remaining 13.97%.

Looking for our full March 2026 Toronto Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

City breakdown

This March, Oshawa is the cheapest municipality to rent in out of the areas we look at for our Rent Reports, while Markham is the region’s most expensive place to rent this month.

The average rent price for an unfurnished one-bedroom unit in Markham currently stands at $2,128/month, while in Oshawa the same type of unit rents for an average of $1,614/month – a difference of $514 between the two.

With Ontario’s different communities being so diverse, we’re breaking down the GTA into its different cities and municipalities to see the price difference within listing types: one-bedroom, two-bedroom, and three-bedroom units, both unfurnished and furnished.

• All prices for unfurnished one-bedrooms decreased except in Scarborough and Vaughan-Richmond Hill.
• All furnished one-bedroom units decreased except for Etobicoke and Vaughan-Richmond Hill.
• All unfurnished three-bedroom units decreased in rental price

Rental averages for other Ontario cities

We’ve also looked at data from cities and municipalities in other regions within and surrounding the GTA. Looking at these additional cities, London is the least expensive to rent in March for one-bedroom unfurnished units at $1,526/month. Markham is the most expensive for unfurnished one-bedroom units at $2,128/month.

For complete data on these cities as well as other municipalities outside of the Greater Toronto Area, download our full report here to view the complete report.

Most expensive cities in Canada

This March, four of the country’s most expensive cities are located in Metro Vancouver. West Vancouver is the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, and Burnaby. Markham, Ontario rounded out the list.

Downloadable resources

Our complete March 2026 Rent Report has information on even more key areas, broken down into region and unit type for a complete overview of rental averages in Ontario. To view these and all the other new information we’ve added, be sure to download your copy of the Rent Report below.

Renting in Ontario

For more information on renting in Ontario, refer to these comprehensive resource posts:

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Everything You Need to Know About Eviction in Ontario

Data collection methodology

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 monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post March 2026 Ontario Rent Report appeared first on liv.rent blog.

After years of intense competition, Canada’s rental market entered a stabilization phase in 2026. National vacancy rose to 3.1%, immigration declined 18% year-over-year, and landlords increasingly turned to incentives — reflecting easing pressure on renters.

But beneath the surface, new risks may be emerging.

While rental conditions feel more balanced today, housing-start activity has weakened in key urban markets, particularly in high-rise supply. Combined with rising project cancellations and multi-year development timelines, today’s slowdown in construction could risk creating a renewed supply shortfall within the next two to three years.

The liv.rent 2026 Rental Market Trend Report examines this pivotal transition. Drawing on proprietary listing data, a survey of 750+ landlords and renters, and research from CMHC, the Bank of Canada, and Statistics Canada, the report analyzes rent trends, migration shifts, construction activity, and forward-looking supply risks across Canada’s major markets.

Download the full 2026 Rental Market Trend Report for deeper insights into how cooling demand, shifting migration patterns, and weakening housing starts may shape the next phase of Canada’s rental market..

Here is a look at some of the key findings in the full 2026 liv.rent Rental Market Trend Report:

Canada overview

Immigration slows sharply in 2025​

• After rebounding post-COVID, immigration dropped significantly in 2025, falling 18% year-over-year — the largest annual decline on record.
• Nearly every province saw double-digit decreases, showing that the slowdown was widespread across the country.
• This decline reflects the federal government’s updated Immigration Levels Plan, which signals a more cautious approach to population growth.

Ontario and B.C.​ account for nearly 70% of Canada’s emigration

• Emigration in 2025 were heavily concentrated in Ontario and British Columbia, which together accounted for nearly 70% of all emigrants nationwide. ​​
• British Columbia recorded one of the largest year-over-year increases in emigration (+32%).

Fewer Canadians moving between provinces

• Interprovincial migration (people moving between provinces) also slowed in 2025, declining 6% year-over-year.
• Alberta attracted strong inflows, with 65,573 people moving in, though less than previous years.
• Ontario saw the most people leave, with 76,652 residents moving out.
• Overall, mobility across Canada is cooling.
  

Canada sees record emigration – biggest exodus in a decade

• 11 of 13 provinces and territories post double-digit year-over-year increases in residents leaving the country.
• In 2025, 95,733 Canadians emigrated out of the country, up 17% from 2024 and the highest level since 2011.

British Columbia

B.C. stays as Canada’s third most sought-after province in Canada for immigrants​​

• The province attracted 13% of Canada’s immigrants, trailing Quebec at 15% and Ontario at 43%.
  
  

After a decade ​of growth, B.C.’s population reverses course​

• For the first time since 2012, British Columbia posted negative population growth in 2025, alongside Ontario as the only provinces to decline.

B.C. among four provinces to see decline in housing starts

• Housing starts in British Columbia fell 5% year-over-year in 2025, making it one of only four provinces to record a decline.

Metro Vancouver rents decline amid rising emigration​​​

• Metro Vancouver began experiencing steeper downward pressure on rents in August 2025, coinciding with a 50% increase in emigration from B.C. in Q3 compared to Q2.

Alberta

Alberta’s migration boom is cooling after years of strong growth

• The pace of inflows has slowed markedly, with the number of Canadians moving to the province down 16% year-over-year—from 77,761 in 2024 to 65,573.

Alberta drops to third nationally in housing starts​​

• Alberta’s growth was driven primarily by apartments, with starts up 29%, while single-family construction declined 4%.

Following growth in 2024, Calgary rents reversed course in 2025

• Calgary rents declined year-over-year across all unit types in 2025, with two-bedroom units recording the steepest drops.

Ontario

Ontario fuels ​Canada’s emigration as departures hit a new high​

• 2025 set a new record, with 44,758 people leaving the province, a 14% year-over-year increase. Ontario continues to lead Canada in emigration, accounting for 47% of all departures nationwide.

Ontario housing supply hit by ​double-digit drop in construction starts​

• Housing starts in Ontario fell 17% year-over-year in 2025, with declines recorded across all housing types, including a 9% drop in apartment construction.

Toronto rents fall everywhere​​

• Toronto’s rental price decline in 2025 was driven by widespread softening across all neighbourhoods, affecting both furnished and unfurnished units.​

Nova Scotia

Nova Scotia trails only Alberta in interprovincial migration gains

• Nova Scotia ranked second only to Alberta in interprovincial migration gains in 2025, posting a net increase of 2,446 residents.

Nova Scotia ramps up housing starts, ​but completions ​lag demand​

• Housing starts in Nova Scotia rose to 8,732 in 2025, ranking the province fifth nationally and matching Quebec’s pace of growth.

Quebec

Emigration accelerates, offsetting stable immigration

• Emigration from Quebec rose sharply in 2025, increasing 21% year-over-year to 12,691 people, marking the province’s highest level since 2017 and outpacing the national increase.

Quebec leads Canada in housing starts

• Quebec emerged as one of Canada’s strongest housing markets in 2025, with housing starts jumping 32% year-over-year.
  
  

Montreal rents surge above 2024 levels, then plunge after August

• Despite broader downward pressure on rental prices, Verdun and Westmount recorded consistent year-over-year rent increases across most unit types.

Landlords-Renters: Divided Opinions

As an added bonus, we surveyed more than 750 renters and landlords to understand their perspectives on today’s rental landscape and the evolving role of AI.

• Nine in ten renters believe landlords are profitable​.
• 43% landlords report that current rents do not cover expenses.​
• Only one in six renters and landlords use AI​.

Download the full report to view all of the in-depth insights.

Data Collection Methodology

The 2026 liv.rent Rental Market Trend Report uses data from liv.rent listings, as well as data manually collected from other popular rental listing platforms. Our methodology focuses exclusively on current asking rent prices. Unlike some government reports that include data for entire buildings (which may include long-term rent-controlled units), our analysis reflects real-time market conditions and active listing prices.

For influencing market factors, liv.rent references data from trusted sources such as Statistics Canada, Canada.ca, and CMHC, along with relevant reporting from established Canadian media outlets.

For more information on our data collection methodology, including what types of rental housing we look at, please consult the full reports.

Download the free 2026 liv.rent Rental Market Trend Report here for complete information on average rent prices and driving factors for B.C., Ontario, Alberta, and Quebec.

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 2026 Canada Rental Market Trend Report appeared first on liv.rent blog.

• One-bedroom rental prices hold steady as demand shifts within the GTA
  • North York dips –$76 and Mississauga falls slightly –$10, reflecting a resilient core with mild softening in key suburban markets.
    
• Two-bedroom rents dip in Downtown Toronto and North York, Mississauga shows modest gains
  • Markham two-bedroom unfurnished rents see the largest drop (–$131), while Scarborough ($94) and Etobicoke ($75) rise, and the GTA market remains broadly stable at an average rent of $2,418/month.
    
• Oakville remains most expensive, Downtown dips
  • Oakville is now the most expensive place for a one-bedroom at $2,206/month, followed by Burlington at $2,135/month. Downtown Toronto rents dip to $2,096/month.
    

We’re expanding the scope of our rent report! Starting this month, our Toronto Rent Report is now the Ontario Rent Report. We’ve begun adding more cities—beginning with Ottawa.

On December 10th 2025, the Bank of Canada announced that the interest rate would stay at 2.25%, closing out last year on a low trend.

As of January 2026, the City of Toronto’s average monthly rent price for an unfurnished one-bedroom saw a YoY drop of $156 to a new monthly average of $1,993/month this month. Let’s take a look now at the latest data and see which neighbourhoods are experiencing the biggest changes in furnished and unfurnished rental rates.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto increased by $7 this January to $1,993/month. The average rent for a furnished one-bedroom increased by $54 since last month, bringing the rate to $2054/month.

Planning on raising rent this year? Ontario’s Annual allowable rent increase limit for 2025/2026 is 2.5%. Find out when and how you can increase rent and ensure you’re complying with provincial guidelines by reading our updated Guide to Ontario Rent Increases.

liv.rent’s 2025 Canada Rental Market Trend Report is now live! Explore the latest rental trends across Canada, uncover key factors driving price changes, and gain exclusive insights into how landlords and renters perceive the market nationwide. Download your copy here.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across all GTA cities/municipalities between December and January 2026.

Unfurnished Toronto rent trends

Rates for unfurnished one-bedroom units in the GTA varied this month. Markham increased slightly (3.80%), while North York decreased (-3.66%).

Furnished Toronto rent trends

This month, average rates for furnished one-bedroom units in the GTA saw some notable changes. Vaughan-Richmond Hill (-8.19%) saw a significant decrease, while Etobicoke saw the largest increase (4.03%).

Toronto furnished vs unfurnished averages

This January, prices for unfurnished one-bedroom units saw an increase (0.32%) to $1,993/month while furnished units increased (2.70%) to $2,054/month. The average furnished one-bedroom unit rents for $61 more than a one-bedroom unfurnished unit.

Rent per square foot

Our monthly Rent Reports also look more closely at the average rent per square foot in cities throughout the Greater Toronto Area. This January, Downtown ($3.94/sq. ft.) had the highest rent per square foot, followed by Scarborough ($3.58/sq. ft.). At the other end of the spectrum, Brampton has the lowest rent per square foot ($1.80/sq. ft.).

Active listing data

We’ll also look at detailed statistics for currently active listings available to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you’re most likely to encounter in the Greater Toronto Area, while for landlords, you can assess how much competition you’ll face based on the current supply.

Active listings by property type

As of January 2026, the most common rental property type was apartments, representing the majority of all listings in the GTA at 91.53%. Partial houses were the second most common unit type this month, representing 4.23% of active listings, followed by houses and townhouses both at 2.12%.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a varied spread across active listings on the market this January. Two-bedroom units were the most common type of listing in the GTA this month at 43.73%, while one-bedroom units represented 42.65% of the region’s active listings. Three-bedroom units made up the remaining 13.62%.

Looking for our full January 2026 Toronto Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

City breakdown

This January, Oshawa is the cheapest municipality to rent in out of the areas we look at for our Rent Reports, while Oakville is the region’s most expensive place to rent this month.

The average rent price for an unfurnished one-bedroom unit in Oakville currently stands at $2,206/month, while in Oshawa the same type of unit rents for an average of $1,660/month – a difference of $546 between the two.

With Ontario’s different communities being so diverse, we’re breaking down the GTA into its different cities and municipalities to see the price difference within listing types: one-bedroom, two-bedroom, and three-bedroom units, both unfurnished and furnished.

• All prices for unfurnished one-bedrooms decreased except in Downtown and Markham.
• Rent prices decreased for all types of furnished and unfurnished units in Brampton
• All furnished two-bedroom units decreased in rental price across neighbourhoods except for Downtown, Markham and Mississauga.

Rental averages for other Ontario cities

We’ve also looked at data from cities and municipalities in other regions within and surrounding the GTA. Looking at these additional cities, London is the least expensive to rent in January for one-bedroom unfurnished units at $1,531/month. Oakville is still the most expensive for one-bedroom unfurnished units at $2,206/month.

For complete data on these cities as well as other municipalities outside of the Greater Toronto Area, download our full report here to view the complete report.

Most expensive cities in Canada

This January, five of the country’s most expensive cities are located in Metro Vancouver. West Vancouver is the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, Burnaby, and Richmond.

Downloadable resources

Our complete January 2026 Rent Report has information on even more key areas, broken down into region and unit type for a complete overview of rental averages in Ontario. To view these and all the other new information we’ve added, be sure to download your copy of the Rent Report below.

Renting in Ontario

For more information on renting in Ontario, refer to these comprehensive resource posts:

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Everything You Need to Know About Eviction in Ontario

Data collection methodology

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 monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post January 2026 Ontario Rent Report appeared first on liv.rent blog.

• Downtown rents fall at the end of 2025
  • Unfurnished one-bedroom units in Downtown Toronto dropped from $2,365/month in Dec 2024 to $2,090/month in Dec 2025 (−11.6%), with similar declines in North York (−8.3%) and Etobicoke (−8.7%), reflecting weaker demand for premium apartments.
    
• Suburban rents are slightly rising into 2026
  • More affordable areas are seeing growth as renters move outward: Brampton one-bedroom rose from $1,696/month to $1,844/month (+9%), Milton from $1,828/month to $1,912/month (+5%), and Niagara Falls from $1,682/month to $1,716/month (+2%).
    
• Mississauga and Vaughan-Richmond Hill remain premium markets
  • Large unfurnished three-bedroom units in Mississauga are $3,073/month, while Vaughan-Richmond Hill sits at $3,111/month, maintaining their status as desirable alternatives outside the core despite dropping slightly in rental price.
    

We’re expanding the scope of our rent report! Starting this month, our Toronto Rent Report is now the Ontario Rent Report. We’ve begun adding more cities—beginning with Ottawa.

On December 10th, the Bank of Canada announced that the interest rate would stay at 2.25%, closing out 2025 on a low trend.

As of December 2025, the City of Toronto’s average monthly rent price for an unfurnished one-bedroom saw a YoY drop of $175 to a new monthly average of $1,986/month this month. Let’s take a look now at the latest data and see which neighbourhoods are experiencing the biggest changes in furnished and unfurnished rental rates.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by decreased by $23 this December to $1,986/month. The average rent for a furnished one-bedroom decreased by $128 since last month, bringing the rate to $2,000/month.

Planning on raising rent this year? Ontario’s Annual allowable rent increase limit for 2025/2026 is 2.5%. Find out when and how you can increase rent and ensure you’re complying with provincial guidelines by reading our updated Guide to Ontario Rent Increases.

liv.rent’s 2025 Canada Rental Market Trend Report is now live! Explore the latest rental trends across Canada, uncover key factors driving price changes, and gain exclusive insights into how landlords and renters perceive the market nationwide. Download your copy here.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across all GTA cities/municipalities between November and December 2025.

Unfurnished Toronto rent trends

Rates for unfurnished one-bedroom units in the GTA varied this month. Markham increased slightly (1.52%), while Vaughan-Richmond Hill saw a significant decrease (-9.23%).

Furnished Toronto rent trends

This month, average rates for furnished one-bedroom units in the GTA saw some notable changes. Mississauga (15.01%) saw a significant increase, while Downtown saw the largest decrease (-5.87%).

Toronto furnished vs unfurnished averages

This December, prices for unfurnished one-bedroom units saw a decrease (-1.11%) to $1,986/month while furnished units saw a decrease (-5.99%) to $2,000/month. The average furnished one-bedroom unit rents for $14 more than a one-bedroom unfurnished unit.

Rent per square foot

Our monthly Rent Reports also look more closely at the average rent per square foot in cities throughout the Greater Toronto Area. This December, Downtown ($4.80/sq. ft.) had the highest rent per square foot, followed by Etobicoke ($4.00/sq. ft.). At the other end of the spectrum, Brampton has the lowest rent per square foot ($1.59/sq. ft.).

Active listing data

We’ll also look at detailed statistics for currently active listings available to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you’re most likely to encounter in the Greater Toronto Area, while for landlords, you can assess how much competition you’ll face based on the current supply.

Active listings by property type

As of December 2025, the most common rental property type was apartments, representing the majority of all listings in the GTA at 54.95%. Townhouses were the second most common unit type this month, representing 16.58% of active listings, followed by houses at 15.50%.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a varied spread across active listings on the market this December. Two-bedroom units were the most common type of listing in the GTA this month at 43.73%, while one-bedroom units represented 42.65% of the region’s active listings. Three-bedroom units made up the remaining 13.62%.

Looking for our full December 2025 Toronto Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

City breakdown

This December, Oshawa is the cheapest municipality to rent in out of the areas we look at for our Rent Reports, while Oakville is the region’s most expensive place to rent this month.

The average rent price for an unfurnished one-bedroom unit in Oakville currently stands at $2,125/month, while in Oshawa the same type of unit rents for an average of $1,570/month – a difference of $555 between the two.

With Ontario’s different communities being so diverse, we’re breaking down the GTA into its different cities and municipalities to see the price difference within listing types: one-bedroom, two-bedroom, and three-bedroom units, both unfurnished and furnished.

• All prices for unfurnished two-bedroom units decreased.
• Rent prices for unfurnished one-bedroom units decreased across all neighbourhoods except for Markham and North York.
• All unfurnished three-bedroom units decreased in rental price across neighbourhoods except for Brampton, Downtown, and Etobicoke.

Rental averages for other Ontario cities

We’ve also looked at data from cities and municipalities in other regions within and surrounding the GTA. Looking at these additional cities, London is the least expensive to rent in December for one-bedroom unfurnished units at $1,516/month. Oakville is still the most expensive for one-bedroom unfurnished units at $2,125/month.

For complete data on these cities as well as other municipalities outside of the Greater Toronto Area, download our full report here to view the complete report.

Most expensive cities in Canada

This December, five of the country’s most expensive cities are located in Metro Vancouver. West Vancouver is the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, Richmond, and Burnaby.

Downloadable resources

Our complete December 2025 Rent Report has information on even more key areas, broken down into region and unit type for a complete overview of rental averages in Ontario. To view these and all the other new information we’ve added, be sure to download your copy of the Rent Report below.

Renting in Ontario

For more information on renting in Ontario, refer to these comprehensive resource posts:

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Everything You Need to Know About Eviction in Ontario

Data collection methodology

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 monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post December 2025 Ontario Rent Report appeared first on liv.rent blog.

• Ontario sees province-wide softening in family-sized rental prices
  • Across Ontario, rents for family-sized units are falling. The majority of neighbourhoods saw year-over-year declines in three-bedroom unfurnished units, with the sharpest decreases in London, Etobicoke, and Markham.
    
• Brampton breaks the trend among GTA’s cheapest rental markets
  • Brampton, Oshawa, Milton, East York, and York remain the GTA’s most affordable rental markets. However, Brampton stood out with an 8.57% year-over-year increase in unfurnished 1-bedroom rents, shifting from the cheapest market in Nov 2024 to the third-cheapest in Nov 2025.
    
• Price drops shift rankings among GTA’s priciest rental markets
  • Markham (-16.9%) and North York (-10.1%) saw the steepest year-over-year drops in unfurnished 1-bedroom rents, pushing both out of the top five most expensive markets this November. Downtown Toronto also declined (-10.1%), slipping from second place in Nov 2024 to fifth in Nov 2025.

We’re expanding the scope of our rent report! Starting this month, our Toronto Rent Report is now the Ontario Rent Report. We’ve begun adding more cities—beginning with Ottawa.

On October 29th, the Bank of Canada announced that the interest rate would lower to 2.25% suggesting it was unlikely to drop again before the end of the year.

As of November 2025, the City of Toronto’s average monthly rent price for an unfurnished one-bedroom  saw a YoY drop of $162 to a new monthly average of $2,009/month this month. Let’s take a look now at the latest data and see which neighbourhoods are experiencing the biggest changes in furnished and unfurnished rental rates.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by decreased by $35 this November to $2,009/month. The average rent for a furnished one-bedroom increased by $105 since last month, bringing the rate to $2,128/month.

Planning on raising rent this year? Ontario’s Annual allowable rent increase limit for 2025/2026 is 2.5%. Find out when and how you can increase rent and ensure you’re complying with provincial guidelines by reading our updated Guide to Ontario Rent Increases.

liv.rent’s 2025 Canada Rental Market Trend Report is now live! Explore the latest rental trends across Canada, uncover key factors driving price changes, and gain exclusive insights into how landlords and renters perceive the market nationwide. Download your copy here.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across all GTA cities/municipalities between October and November 2025.

Unfurnished Toronto rent trends

Rates for unfurnished one-bedroom units in the GTA varied this month. North York saw the largest decrease at (-5.44%), while Vaughan-Richmond Hill saw a significant increase (+8.23%).

Furnished Toronto rent trends

This month, average rates for furnished one-bedroom units in the GTA saw some notable changes. North York saw a minor increase (0.68%), while Ottawa saw the largest decrease (-8.90%).

Toronto furnished vs unfurnished averages

This November, prices for unfurnished one-bedroom units saw a decrease (-1.72%) to $2,009/month while furnished units saw an increase (5.16%) to $2,128/month. The average one-bedroom furnished unit rents for $119 more than a one-bedroom unfurnished unit.

Rent per square foot

Our monthly Rent Reports also look more closely at the average rent per square foot in cities throughout the Greater Toronto Area. This November, Markham ($4.10/sq. ft.) had the highest rent per square foot, followed by North York ($3.78/sq. ft.). At the other end of the spectrum, Brampton has the lowest rent per square foot ($2.05/sq. ft.).

Active listing data

We’ll also look at detailed statistics for currently active listings available to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you’re most likely to encounter in the Greater Toronto Area, while for landlords, you can assess how much competition you’ll face based on the current supply.

Active listings by property type

As of November 2025, the most common rental property type was apartments, representing the majority of all listings in the GTA at 88.06%. Partial houses were the second most common unit type this month, representing 6.42% of active listings, followed by townhouses at 3.11%.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a varied spread across active listings on the market this November. One-bedroom units were the most common type of listing in the GTA this month at 45.03%, while two-bedroom units represented 41.84% of the region’s active listings. Three-bedroom units made up the remaining 13.13%.

Looking for our full November 2025 Toronto Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

City breakdown

This November, Oshawa is the cheapest municipality to rent in out of the areas we look at for our Rent Reports, while North York is the region’s most expensive place to rent this month.

The average rent price for an unfurnished one-bedroom unit in North York currently stands at $2,197/month, while in Oshawa the same type of unit rents for an average of $1,680/month – a difference of $517 between the two.

With Ontario’s different communities being so diverse, we’re breaking down the GTA into its different cities and municipalities to see the price difference within listing types: one-bedroom, two-bedroom, and three-bedroom units, both unfurnished and furnished.

• All prices for unfurnished three-bedroom units decreased across all areas except Downtown.
• Rent prices for unfurnished two-bedroom units increased across all neighbourhoods except for Etobicoke, Markham, and North York.
• The split between rent increases and decreases was almost 50/50 this month, with most larger neighbourhoods outside the Downtown area showing increases.

Rental averages for other Ontario cities

We’ve also looked at data from cities and municipalities in other regions within and surrounding the GTA. Looking at these additional cities, London is the least expensive to rent in November for one-bedroom unfurnished units at $1,672/month. Oakville is the most expensive for one-bedroom unfurnished units at $2,197/month.

For complete data on these cities as well as other municipalities outside of the Greater Toronto Area, download our full report here to view the complete report.

Most expensive cities in Canada

This November, five of the country’s most expensive cities are located in Metro Vancouver. West Vancouver is the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, Richmond, and Burnaby.

Downloadable resources

Our complete November 2025 Rent Report has information on even more key areas, broken down into region and unit type for a complete overview of rental averages in Ontario. To view these and all the other new information we’ve added, be sure to download your copy of the Rent Report below.

Renting in Ontario

For more information on renting in Ontario, refer to these comprehensive resource posts:

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Everything You Need to Know About Eviction in Ontario

Data collection methodology

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 monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post November 2025 Ontario Rent Report appeared first on liv.rent blog.