It’s May and the Toronto rental market is experiencing quite the shakeup. Although it’s still not quite as expensive to rent as Vancouver, rent is starting to trend upwards in the city after a long period of declining rents.<\/p>\n\n\n\n
We’re liv.rent<\/a>, a rental platform with digital and automated solutions for renters and landlords. Every month, we create these rent reports to share with our community an accurate look at the real cost of rent in Toronto<\/a>.<\/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.<\/em><\/strong><\/p>\n\n\n\n The data in the report is primarily from our own platform and it has been supplemented with data collected manually from other listings sites in Canada. This report and the rental trends herein are created to help our liv.rent tenants and landlords make informed and empowered decisions.<\/p>\n\n\n\n Here are the reported average rent prices for May across the Greater Toronto Area<\/a>:<\/p>\n\n\n\n Jump to the following Toronto Rent Report sections: <\/em><\/strong><\/p>\n\n\n\n