As we begin the new year with positive vaccine news, Toronto continues to battle rising COVID-19 numbers with additional province-wide restrictions. This continues to dampen the rental market recovery in the Greater Toronto area. Many students have not returned, and business travel and tourism continue to be severely impacted. In addition, a number of new developments have come to market introducing new supply and placing further downward pressure on the rental market.<\/p>\n\n\n\n
With these factors in mind, we take a closer look at the reported average rent prices for the month of January across the Greater Toronto Area<\/a>. Based on data gathered from numerous listing websites and our own liv.rent<\/a> platform, our rent reports seek to identify and share key market data and trends, to help inform and educate landlords and tenants alike. <\/p>\n\n\n\n <\/p>\n\n\n\n Jump to the following Toronto Rent Report sections: <\/strong><\/p>\n\n\n\n