{"id":20269,"date":"2020-06-04T18:50:35","date_gmt":"2020-06-05T01:50:35","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=20269"},"modified":"2021-03-31T14:26:18","modified_gmt":"2021-03-31T21:26:18","slug":"june-2020-toronto-rent-report","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/rent-reports\/june-2020-toronto-rent-report\/","title":{"rendered":"June 2020 Toronto Rent Report"},"content":{"rendered":"

June 2020 Toronto Rent Prices<\/h2>\n

This month, we take a closer look at the reported average rent prices for the month of June across the Greater Toronto Area. These are our third set of figures collected for a complete COVID-19<\/a> pandemic period and a downward trend in rental rates is evident, though it recently appears to be leveling out.<\/p>\n

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Month-to-Month Rent Change<\/h2>\n

Below, we show the percentage change in average rent from May<\/a> to June’s figures. The biggest decrease was in Mississauga, where rent for unfurnished listings dropped by 3.64%, while the biggest increase was seen there, too, with furnished listings experiencing a 4.61% boost.<\/p>\n

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Toronto Furnished vs. Unfurnished Rentals<\/h2>\n

What is the average rent in Toronto? The average rent in Toronto for an unfurnished one bedroom apartment is $1,780, down slightly from May’s <\/a>$1,784. The average rent in Toronto of a furnished apartment also decreased to $1,850 from May’s $1,947.<\/p>\n

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RECOMMENDED POST:<\/span>\u00a0Coronavirus (COVID-19) Canada \u2013 Update For Landlords and Tenants<\/a><\/strong><\/span><\/p>\n<\/blockquote>\n

Neighbourhood Breakdown<\/h2>\n

To assist you in your rental decision, here is a breakdown of rental averages across other neighbourhoods in the GTA. Comparing 1, 2, and 3 bedroom rates for both unfurnished and furnished listings across each neighbourhood.<\/p>\n

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Brampton had the lowest average rent in the GTA for an unfurnished, 1 bedroom unit at $1,643 (down from May’s<\/a> $1,654) while the highest average 1 bedroom rent in the GTA for a similar home in June was in Downtown Toronto at $2,051 (down from May’s $2,056).\u00a0<\/span><\/p>\n

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Most Expensive Cities in Canada<\/h2>\n

Average cost of living in Toronto continues to be the highest in Canada<\/a> in a city by city comparison.<\/p>\n

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Vancouver<\/span><\/a>\u00a0comes in at a close second, with the average reported rent of $1,639 as of June. There are many similarities, and a few key differences between the two most popular and expensive cities in Canada<\/a>. Check out our article<\/a> on the <\/span>cost of living comparison between Vancouver and Toronto to get a full view.\u00a0<\/span><\/p>\n

COVID-19 Resources\u00a0<\/h2>\n

For information regarding Coronavirus (COVID-19) and landlords and tenants, refer to our comprehensive resource posts. They include information on the various federal and provincial assistance initiatives available to help support landlords<\/a>\u00a0(small business relief) and\u00a0tenants<\/a>\u00a0(rent relief):<\/p>\n