{"id":11407,"date":"2019-08-29T10:00:41","date_gmt":"2019-08-29T17:00:41","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=11407"},"modified":"2021-03-31T15:03:49","modified_gmt":"2021-03-31T22:03:49","slug":"toronto-rental-stats-august-2019-snapshot-2","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/rent-reports\/toronto-rental-stats-august-2019-snapshot-2\/","title":{"rendered":"Toronto Rental Stats &#8211; August 2019 Snapshot"},"content":{"rendered":"<h2><img decoding=\"async\" class=\"alignnone size-full wp-image-11409\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_EN.jpg\" alt=\"\" width=\"3946\" height=\"6623\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_EN.jpg 1525w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_EN-179x300.jpg 179w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_EN-768x1289.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_EN-610x1024.jpg 610w\" sizes=\"(max-width: 3946px) 100vw, 3946px\" \/><\/h2>\n<h2>Toronto Rental Trends<\/h2>\n<p>This month we take a look at the state of the rental market in Greater Toronto based on August\u2019s figures.\u00a0 August rental rates dipped slightly downward but the forecast for September predicts some upward pressure on rates.<\/p>\n<h2><img decoding=\"async\" class=\"alignnone size-full wp-image-11414\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-06.jpg\" alt=\"\" width=\"3204\" height=\"1411\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-06.jpg 1920w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-06-300x132.jpg 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-06-768x338.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-06-1024x451.jpg 1024w\" sizes=\"(max-width: 3204px) 100vw, 3204px\" \/><\/h2>\n<h2>Toronto Furnished vs. Unfurnished Rentals<\/h2>\n<p>The average rent for an unfurnished one bedroom apartment in August down slightly from July&#8217;s $1,844 to $1,839. The average cost of a furnished apartment crept up slightly from July to $2,171.<\/p>\n<h2><img decoding=\"async\" class=\"alignnone size-full wp-image-11410\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-02.jpg\" alt=\"\" width=\"3196\" height=\"1816\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-02.jpg 1920w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-02-300x170.jpg 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-02-768x436.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-02-1024x582.jpg 1024w\" sizes=\"(max-width: 3196px) 100vw, 3196px\" \/><\/h2>\n<h2>Highest vs. Cheapest Rent in Greater Toronto Area<\/h2>\n<p>Mississauga reclaims its spot for the lowest average rent this month for a 1 bedroom unfurnished unit at $1,703 while the highest average rent for a similar home in August was, as expected, in Downtown Toronto at $2,055 (down from July&#8217;s $2,432).<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-11411\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-03.jpg\" alt=\"\" width=\"3204\" height=\"1192\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-03.jpg 1920w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-03-300x112.jpg 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-03-768x286.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2019\/08\/2019_08_23_RentalStatsToronto_July_BLOG-03-1024x381.jpg 1024w\" sizes=\"(max-width: 3204px) 100vw, 3204px\" \/><\/p>\n<p>Remember though, despite paying premium rates to live in\u00a0Toronto\u2019s downtown core,\u00a0tenants are saving in other ways, primarily, on car-related expenses (vehicle, insurance, fuel and repairs). In addition, time is money, and living near where you work pays mental health dividends in terms of reduced commuting times and associated stress.<\/p>\n<p>Be sure to subscribe to our mailing list for all future updates on the Toronto rental market!<\/p>\n<hr \/>\n<p>For more rental stats, read our previous post,<a href=\"https:\/\/liv.rent\/blog\/2019\/07\/toronto-rental-stats-july-2019-snapshot\/\"><strong> Toronto Rental Stats &#8211; July 2019 Snapshot<\/strong>.<\/a><\/p>\n<p>Want to compare? Check out the latest <a href=\"https:\/\/liv.rent\/blog\/2019\/08\/vancouver-rental-stats-august-2019-snapshot\/\"><strong>Vancouver Rental Stats &#8211; August 2019 Snapshot<\/strong><\/a>.<\/p>\n<p>Follow us on <strong><a href=\"https:\/\/www.instagram.com\/liv.rent\/\">Instagram<\/a> <\/strong>for monthly rental stats in other major metropolitan cities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toronto Rental Trends This month we take a look at the state of the rental market in Greater Toronto based on August\u2019s figures.\u00a0 August rental rates dipped slightly downward but the forecast for September predicts some upward pressure on rates. Toronto Furnished vs. Unfurnished Rentals The average rent for an unfurnished one bedroom apartment in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":11078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false},"categories":[292,450],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Toronto Rental Stats - August 2019 Snapshot | liv.rent blog<\/title>\n<meta name=\"description\" content=\"Downtown Toronto continues to boast the highest average rent while Mississauga remains the cheapest. See the full Toronto Rental Stats report here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/liv.rent\/blog\/rent-reports\/toronto-rental-stats-august-2019-snapshot-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Toronto Rental Stats - August 2019 Snapshot | liv.rent blog\" \/>\n<meta property=\"og:description\" content=\"Downtown Toronto continues to boast the highest average rent while Mississauga remains the cheapest. 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