Toronto average rents have eased to around $2,400 per month while home prices remain well above $900,000. This liv.rent guide breaks down the real numbers for 2026 — including Ontario’s 2.1% rent increase guideline, the Toronto double land transfer tax, Bill 60 eviction rule changes, and the five-to-seven-year break-even horizon every renter should understand before deciding whether to buy or keep renting.