Toronto has long held its title of the most expensive city in Canada to rent. However, the tides may have finally turned. This March, we’re seeing a dip in rental prices that Torontonians are going to be interested to hear about.<\/p>\n\n\n\n
With vacancy up and rental prices down, right now is a good time to be a renter. Consider that when international travel is back, and more and more people come to the city again, this downturn in rent might not be here forever.<\/p>\n\n\n\n
You can get the latest updates on the Toronto rental market straight to your inbox when you <\/em><\/strong>subscribe<\/em><\/strong><\/a> to keep on top of the trends while we continue to see the effects of COVID-19 on the rental industry. <\/em><\/strong><\/p>\n\n\n\n Let’s take a closer look at the reported average rent prices for March across the Greater Toronto Area<\/a>. <\/p>\n\n\n\n These numbers are based on data we gathered from our own liv.rent<\/a> platform and other listing websites. This report and the rental trends we’ve identified will help both tenants and landlords to make informed and empowered decisions as we spring ahead into 2021.<\/p>\n\n\n\n Jump to the following Toronto Rent Report sections: <\/strong><\/p>\n\n\n\n