{"id":38048,"date":"2023-01-05T09:00:08","date_gmt":"2023-01-05T17:00:08","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=38048"},"modified":"2023-07-20T13:15:24","modified_gmt":"2023-07-20T20:15:24","slug":"january-2023-toronto-rent-report","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/rent-reports\/january-2023-toronto-rent-report\/","title":{"rendered":"January 2023 Toronto Rent Report"},"content":{"rendered":"\n<div style=\"border: 1px solid black; text-align: left; margin: 20px 0;padding-top:15px;\">\n\n<h3 style=\"margin-left: 40px\"><strong>At a glance<\/strong><\/h3>\n\n<ul><li><strong>\nAverage monthly rent for an unfurnished, one-bedroom unit in the GTA has fallen for the third consecutive month, down a further $3 since December 2022. \n<\/strong>\n\n<\/li><li><strong>The GTA&#8217;s average monthly rent price for an unfurnished, one-bedroom unit is now up $401 since January 2022. \n<\/strong>\n\n<\/li><li><strong>\nAverage rent per square foot is higher in the GTA than in Metro Vancouver, at $3.14 region-wide compared to $2.87.\n<\/strong> <\/li><\/ul>\n<\/div>\n\n\n\n<p><strong><em>Looking for our full January 2023 Toronto Rent Report? Download your copy <a href=\"#downloadable-resources\">here<\/a> to get all the latest insights, including a detailed breakdown by neighbourhood.<\/em><\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The Greater Toronto Area&#8217;s rent prices have fallen slightly again to begin 2023. This January, the GTA&#8217;s monthly average rent price for an unfurnished, one-bedroom unit has fallen by just $3, flattening the upward trend that characterized much of 2022. This is the third consecutive month-to-month decline after a long streak of increases that were brought on by Canada&#8217;s continually <a rel=\"noreferrer noopener\" aria-label=\"rising interest rates (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2022\/07\/interest-rates-and-rental-properties\/\" target=\"_blank\">rising interest rates<\/a> and consistently high demand for rental housing. <\/p>\n\n\n\n<p><strong><em>We&#8217;ll soon be releasing our 2023 Canada-wide Report with even more rental data and statistics. For access to this and other updates on the Toronto rental market, be sure to <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/315027fd.sibforms.com\/serve\/MUIEALxBmw-zX8J7nIDbE8Y0GsbO2XD2wyS5o8IJ7wVaedytZTfE-Ysnf2unVSDuBMQ_DiIreTYMftk3u84zjN-NZ459-r4fafSVJmvHqufcCZsHOdl9YPdQlyNO_8e-aEyO3JswcwrjPcNt9Ll22P85SQ6zAIiqlLhL9S2Es9edJgfjg0307yN6DptRbjGnHobRqNlUNRLczWrl\" target=\"_blank\">subscribe<\/a> to our newsletter.<\/em><\/strong><\/p>\n\n\n\n<p>Let&#8217;s take a look now at the latest data and see which neighbourhoods are experiencing the biggest changes in furnished and unfurnished rental rates.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>Jump to the following Toronto Rent Report sections: <\/em><\/strong><\/p>\n\n\n\n<div style=\"border: 1px solid black; text-align: center; margin: 20px 0;\">\n\n<p style=\"text-align: center;\"><a href=\"#rent-trends\">Toronto rent trends<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#month-to-month\">Month-to-month rent change<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#furnished-unfurnished\">Furnished vs. unfurnished averages<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#rent-per-sq-ft\">Rent per square foot<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#active-listings\">Active listing data<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#city-breakdown\">City breakdown<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#averages-outside-gta\">Rental averages for other Ontario cities<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#most-expensive-cities-in-canada\">Average rent in Canada<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#downloadable-resources\">Downloadable resources<\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"#methodology\">Data collection methodology<\/a><\/p><\/div>\n\n\n\n<style>\n\n.background-downloadable-report-to-monthly-rent-report {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-downloadable-report-to-monthly-rent-report p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-downloadable-report-to-monthly-rent-report {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-downloadable-report-to-monthly-rent-report{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n  \n<\/style>\n\n<div class=\"background-downloadable-report-to-monthly-rent-report cta-block-downloadable-report-to-monthly-rent-report\">\n<h3><strong>Download The Latest Toronto Rent Report<\/strong><\/h3>\n\n<p>For the complete Toronto rent report, download here.<\/p>\n\n<button id=\"downloadable-report-to-monthly-rent-report\" class=\"button-downloadable-report-to-monthly-rent-report\">Download Report<\/button>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"rent-trends\"><br>Toronto rent trends<\/h2>\n\n\n\n<p>The average rent price for an unfurnished, one-bedroom unit in the Greater Toronto Area has just barely dipped this January, falling by a minuscule $3 since December. Despite three consecutive month-to-month declines in the region&#8217;s average rental rates, the GTA&#8217;s average monthly rent price for an unfurnished, one-bedroom unit is now up $401 since January 2022. <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"717\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-4-1024x717.png\" alt=\"rental trends for unfurnished one-bedroom units in the Greater Toronto Area via the January 2023 liv rent report\" class=\"wp-image-38179\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-4-1024x717.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-4-300x210.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-4-768x538.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-4-351x247.png 351w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-4.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br>\n<style>\n.background-landlord-cta-free-rent-estimate {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-landlord-cta-free-rent-estimate{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n<\/style>\n\n<div class=\"background-landlord-cta-free-rent-estimate cta-block-landlord-cta-free-rent-estimate\">\n<h3><strong>Is your rental priced competitively?<\/strong><\/h3>\n\n<p>Find out with a <em>free<\/em> rent estimate. Our team of rental experts will calculate your unit&#8217;s true value based on your listing details &amp; current market trends.<\/p>\n\n<a href=\"https:\/\/landlords.liv.rent\/rentestimate\/\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"button-landlord-cta-free-rent-estimate\" class=\"button-landlord-cta-free-rent-estimate\">Get Your Free Estimate<\/button><\/a>\n<\/div>\n<br>\n\n\n\n<br><h2 id=\"month-to-month\">Month-to-month rent change<\/h2>\n\n\n\n<p>This chart breaks down the percentage change in rent across all <a rel=\"noreferrer noopener\" aria-label=\"Toronto neighbourhoods (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/03\/where-to-live-in-toronto\/\" target=\"_blank\">GTA cities\/municipalities<\/a> from December 2022 to January 2023.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"862\" height=\"1024\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-8-862x1024.png\" alt=\"percentage change in rental prices for different cities and municipalities in the Greater Toronto Area, via the January 2023 liv rent report\" class=\"wp-image-38183\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-8-862x1024.png 862w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-8-252x300.png 252w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-8-768x913.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-8.png 1200w\" sizes=\"(max-width: 862px) 100vw, 862px\" \/><\/figure>\n\n\n\n<br><h3 style=\"color: #fe5f55\">Unfurnished Toronto rent trends<\/h3>\n\n\n\n<p>In terms of unfurnished units, changes were fairly insignificant this month. <a rel=\"noreferrer noopener\" aria-label=\"Mississauga (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/mississauga\" target=\"_blank\">Markham<\/a> saw the largest increase (+7.94%), while the largest month-to-month decrease occurred in <a href=\"https:\/\/liv.rent\/rental-listings\/city\/north-york\">North York<\/a> (-3.95%). In <a aria-label=\"Downtown Toronto (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto\" target=\"_blank\">Downtown Toronto<\/a>, the average rent price for an unfurnished, one-bedroom unit fell (2.92%). <\/p>\n\n\n\n<br><h3 style=\"color: #fe5f55\">Furnished Toronto rent trends<\/h3>\n\n\n\n<p>As per usual, furnished units in the GTA&#8217;s various municipalities saw larger month-to-month changes. The largest increase this month came in <a rel=\"noreferrer noopener\" aria-label=\"Markham (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/markham\" target=\"_blank\">Markham<\/a> (+11.38%), while the most notable decline was seen in <a rel=\"noreferrer noopener\" aria-label=\"Vaughan-Richmond Hill (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/richmond-hill\" target=\"_blank\">Vaughan-Richmond Hill<\/a> (-7.65%) \u2013 though <a href=\"https:\/\/liv.rent\/rental-listings\/city\/etobicoke\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Etobicoke (opens in a new tab)\">Etobicoke<\/a> (-7.57%) wasn&#8217;t far behind.  In <a rel=\"noreferrer noopener\" aria-label=\"Downtown Toronto (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/toronto\" target=\"_blank\">Downtown Toronto<\/a>, prices increased by +2.07% on average.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div style=\"border: 2px solid lightcoral; text-align: center; margin: 30px 0; padding: 20px; color: #BD8D7C;\">\n<p style=\"font-size: 16px;margin:0;\"><b>Read More:<\/b> <a href=\"https:\/\/liv.rent\/blog\/2021\/07\/liv-rent-user-guide-for-renters\/\" rel=\"noopener noreferrer\">\nThe Ultimate Renter\u2019s Guide To Using liv.rent\n\n\n<\/a><\/p>\n<\/div>\n\n\n\n<br><h2 id=\"furnished-unfurnished\">Toronto furnished vs unfurnished averages<\/h2>\n\n\n\n<p>On average, furnished rental units remain significantly more expensive than unfurnished units this January. At present, furnished one-bedroom units cost $233 more than unfurnished units as a whole \u2013 which is in line with what we&#8217;re used to seeing. <\/p>\n\n\n\n<p>This means that landlords choosing to rent their units furnished can expect to earn more profits over time, particularly if they decide to rent their units on a <a rel=\"noreferrer noopener\" aria-label=\"short-term basis (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2022\/05\/short-term-vs-long-term-rentals-which-are-right-for-you\/\" target=\"_blank\">short-term basis<\/a>. Renters who bring their own furniture can still find significant savings in the GTA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2-1024x683.png\" alt=\"average rent for furnished vs unfurnished units in the Greater Toronto Area for the January 2023 liv rent report\" class=\"wp-image-38177\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2-1024x683.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2-225x150.png 225w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2-300x200.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2-768x512.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2-345x230.png 345w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2-770x513.png 770w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2-370x247.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2-440x294.png 440w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2-570x380.png 570w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2-170x113.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-2.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n\n\n<div style=\"border: 2px solid lightcoral; text-align: center; margin: 30px 0; padding: 20px; color: #BD8D7C;\">\n<p style=\"font-size: 16px;margin:0;\"><b>Read More: <\/b> <a href=\"https:\/\/liv.rent\/blog\/2021\/08\/questions-every-landlord-should-ask-applicants-before-they-sign-a-lease\/\" rel=\"noopener noreferrer\">56 Questions Every Landlord Should Ask Applicants Before They Sign A Lease\n\n\n<\/a><\/p>\n<\/div>\n\n\n\n<br><h2 id=\"rent-per-sq-ft\">Rent per square foot<\/h2>\n\n\n\n<p>New for 2023, our monthly Rent Reports will look more closely at average rent per square foot in municipalities throughout the Greater Toronto Area. In January, Downtown Toronto has the most expensive rent per square foot, while Scarborough offers the least expensive costs for space. <\/p>\n\n\n\n<p>Compared to Vancouver, rent per square foot is much higher in the GTA \u2013 with <a href=\"https:\/\/liv.rent\/blog\/category\/rent-reports\/vancouver\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Metro Vancouver's region-wide average (opens in a new tab)\">Metro Vancouver&#8217;s region-wide average<\/a> just $2.87 per square foot.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"689\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-5-1024x689.png\" alt=\"rent per square foot in the greater toronto area via the January 2023 liv rent report\" class=\"wp-image-38178\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-5-1024x689.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-5-225x150.png 225w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-5-300x202.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-5-768x517.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-5-170x113.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-5.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br><h2 id=\"active-listings\">Active listing data<\/h2>\n\n\n\n<p>New for 2023, we&#8217;ll be looking at detailed statistics for currently active listings available on the market to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you&#8217;re most likely to encounter in the Greater Toronto Area, while for landlords, you can get assess how much competition you&#8217;ll face based on the current supply.<\/p>\n\n\n\n<br><h3 style=\"color: #fe5f55\">Active listings by property type<\/h3>\n\n\n\n<p>For January 2023, the most common rental property type by far was apartments, representing a whopping 88.76% of active listings on the market. Partial houses (e.g. basement suites) were the second-most rented unit type this month, at 5.13% of active listings currently available to rent.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"439\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-11-1024x439.png\" alt=\"\" class=\"wp-image-38180\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-11-1024x439.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-11-300x129.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-11-768x330.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-11-1170x500.png 1170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-11-1164x500.png 1164w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-11.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br><h3 style=\"color: #fe5f55\">Active listings by number of bedrooms<\/h3>\n\n\n\n<p>In terms of the number of bedrooms, we saw a more even spread across active listings on the market this month. Two-bedroom units were the most common type of listing this month at 42.12%, though one-bedroom units still represented 37.37% of all active listings on the market.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"391\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-10-1024x391.png\" alt=\"\" class=\"wp-image-38181\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-10-1024x391.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-10-300x115.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-10-768x293.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-10.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br><h2 id=\"city-breakdown\">City breakdown<\/h2>\n\n\n\n<p><a aria-label=\"Brampton (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/brampton\" target=\"_blank\">Brampton<\/a> is still the <a rel=\"noreferrer noopener\" aria-label=\"most affordable GTA neighbourhood (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/04\/2021-where-can-you-find-the-cheapest-toronto-rentals\/\" target=\"_blank\">cheapest GTA municipality<\/a> to begin 2023, while Downtown Toronto unsurprisingly remains the most expensive.<\/p>\n\n\n\n<p>The average price for an <a href=\"https:\/\/liv.rent\/rental-listings\/city\/brampton\/1-bedroom?features=unfurnished\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">unfurnished one-bedroom<\/a> unit in Brampton has dropped to $1,605, while in Downtown Toronto, the same type of unit goes for $2,441 \u2013 a difference of $836.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"674\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-3-1024x674.png\" alt=\"highest and lowest rent in the GTA by neighbourhood via the January 2023 liv rent report\" class=\"wp-image-38198\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-3-1024x674.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-3-300x198.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-3-768x506.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-3-170x113.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-3.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"border: 2px solid lightcoral; text-align: center; margin: 30px 0; padding: 20px; color: #BD8D7C;\">\n<p style=\"font-size: 16px;margin:0;\"><b>Read More:<\/b> <a href=\"https:\/\/liv.rent\/blog\/2022\/03\/toronto-rental-vacancy-rates\/\" rel=\"noopener noreferrer\">Rental Vacancy Rates In The City Of Toronto\n\n<\/a><\/p>\n<\/div>\n\n\n\n<p>Because Ontario&#8217;s different communities are so diverse, we&#8217;re breaking down the GTA into its different cities and municipalities to see the price difference within listing types: one-bedroom, two-bedroom, and three-bedroom units, both <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2018\/11\/furnished-vs-unfurnished-rental-guide-for-landlords\/\" target=\"_blank\">unfurnished and furnished<\/a>.<\/p>\n\n\n\n<ul>\n<li>Downtown Toronto continues to have the most expensive one-, two-, and three-bedroom unfurnished units.<\/li>\n\n\n\n<li>Brampton had the least expensive one- and two-bedroom furnished and unfurnished units.<\/li>\n\n\n\n<li>Furnished, one-bedroom units were cheaper than unfurnished, one-bedroom units in Brampton, Markham, Mississauga, and Vaughan-Richmond Hill.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"684\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7-1024x684.png\" alt=\"average rent for unfurnished one, two and three bedroom units in the Greater Toronto Area - broken down by city\/municipality for the January 2023 liv rent report\" class=\"wp-image-38184\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7-1024x684.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7-225x150.png 225w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7-300x201.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7-768x513.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7-345x230.png 345w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7-770x513.png 770w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7-370x247.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7-440x294.png 440w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7-570x380.png 570w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7-170x113.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-7.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"684\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6-1024x684.png\" alt=\"average rent for furnished one, two and three bedroom units in the Greater Toronto Area - broken down by city\/municipality for the January 2023 liv rent report\" class=\"wp-image-38185\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6-1024x684.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6-225x150.png 225w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6-300x201.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6-768x513.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6-345x230.png 345w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6-770x513.png 770w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6-370x247.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6-440x294.png 440w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6-570x380.png 570w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6-170x113.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_Jan_2023_EN_Blog-6.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"border: 2px solid lightcoral; text-align: center; margin: 30px 0; padding: 20px; color: #BD8D7C;\">\n<p style=\"font-size: 16px;margin:0;\"><b>Read More:<\/b> <a href=\"https:\/\/liv.rent\/blog\/2021\/09\/faq-everything-you-need-to-know-about-rent-deposits-in-ontario\/\" target=\"_blank\" rel=\"noopener noreferrer\">FAQ: Everything You Need To Know About Rent Deposits In Ontario\n\n<\/a><\/p>\n<\/div>\n\n\n\n<br><h2 id=\"averages-outside-gta\">Rental averages for other Ontario cities<\/h2>\n\n\n\n<p>We&#8217;ve explored data from other cities and municipalities in other regions within and surrounding the GTA. For these cities, <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/london\" target=\"_blank\">London<\/a> is the least expensive city to rent in this January at $1,557 for an unfurnished, one-bedroom unit, while <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/oakville\" target=\"_blank\">Oakville<\/a> is the most expensive at $2,296.<\/p>\n\n\n\n<p>For complete data on these cities as well as other municipalities outside of the Greater Toronto Area, download our full report <a href=\"#downloadable-resources\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"here (opens in a new tab)\">here<\/a> to view the complete report.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"977\" height=\"1024\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-9-977x1024.png\" alt=\"average rent by municipality or city outside of the Greater Toronto Area via the January 2023 liv rent report\" class=\"wp-image-38239\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-9-977x1024.png 977w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-9-286x300.png 286w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-9-768x805.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-9-477x500.png 477w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Blog-9.png 1200w\" sizes=\"(max-width: 977px) 100vw, 977px\" \/><\/figure>\n\n\n\n<p>Our complete January 2023 Rent Report has information on even more key areas, broken down into region and unit type for a complete overview of rental averages in Ontario. To view these and all the other new information we&#8217;ve added, be sure to download your copy of the Rent Report below.<\/p>\n\n\n\n<br>\n<style>\n.background-landlord-cta-free-rent-estimate {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-landlord-cta-free-rent-estimate{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n<\/style>\n\n<div class=\"background-landlord-cta-free-rent-estimate cta-block-landlord-cta-free-rent-estimate\">\n<h3><strong>Is your rental priced competitively?<\/strong><\/h3>\n\n<p>Find out with a <em>free<\/em> rent estimate. Our team of rental experts will calculate your unit&#8217;s true value based on your listing details &amp; current market trends.<\/p>\n\n<a href=\"https:\/\/landlords.liv.rent\/rentestimate\/\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"button-landlord-cta-free-rent-estimate\" class=\"button-landlord-cta-free-rent-estimate\">Get Your Free Estimate<\/button><\/a>\n<\/div>\n<br>\n\n\n\n<br><h2 id=\"downloadable-resources\">Downloadable resources<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"1024\" data-id=\"33580\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Avg-1024x1024.png\" alt=\"\" class=\"wp-image-33580\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Avg-1024x1024.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Avg-300x300.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Avg-768x768.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Avg-170x170.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Avg-370x370.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Avg-440x440.png 440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"1024\" data-id=\"33579\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Trend-1024x1024.png\" alt=\"\" class=\"wp-image-33579\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Trend-1024x1024.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Trend-300x300.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Trend-768x768.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Trend-170x170.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Trend-370x370.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Toronto-Trend-440x440.png 440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Make a splash at your next video meeting and rep the <a href=\"https:\/\/liv.rent\/blog\/category\/rent-reports\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">latest rental averages<\/a> and trends with our custom virtual backgrounds \u2014 always free to download.&nbsp; <br><\/p>\n\n\n\n<style>\n.myDivDownload {\n  background-color: #FFF2E7;    \n  text-align: center;\n  padding: 30px 5px;\n  margin: 30px 0;\n  font-size: 18px;\n}\n<\/style>\n<div class=\"myDivDownload\">\n<p style=\"margin:0;\"><strong>Get your free <a href=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Jan_EN_Zoom.zip\" target=\"_blank\" rel=\"noopener noreferrer\">virtual backgrounds<\/a><\/strong><\/p>\n<\/div>\n\n\n\n<p class=\"has-text-align-center\"><strong>Were you looking for the full report? Download it for free here.<\/strong><\/p>\n\n\n\n<style>\n\n.background-downloadable-report-to-monthly-rent-report {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-downloadable-report-to-monthly-rent-report p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-downloadable-report-to-monthly-rent-report {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-downloadable-report-to-monthly-rent-report{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n  \n<\/style>\n\n<div class=\"background-downloadable-report-to-monthly-rent-report cta-block-downloadable-report-to-monthly-rent-report\">\n<h3><strong>Download The Latest Toronto Rent Report<\/strong><\/h3>\n\n<p>For the complete Toronto rent report, download here.<\/p>\n\n<button id=\"downloadable-report-to-monthly-rent-report\" class=\"button-downloadable-report-to-monthly-rent-report\">Download Report<\/button>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Renting in Ontario<\/h2>\n\n\n\n<p>For more information on renting in Ontario, refer to these comprehensive resource posts:<\/p>\n\n\n\n<ul>\n<li><a rel=\"noreferrer noopener\" aria-label=\"Applying For A Rental In Ontario Part 1: What\u2019s A Standard Rental Application? (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/06\/applying-for-a-rental-in-ontario-whats-a-standard-rental-application\/\" target=\"_blank\">What\u2019s A Standard Rental Application?<\/a><\/li>\n\n\n\n<li><a rel=\"noreferrer noopener\" aria-label=\"Applying For A Rental In Ontario Part 2: What do you need when applying for a rental? (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/06\/applying-for-a-rental-in-ontario-what-do-you-need-when-applying-for-a-rental\/\" target=\"_blank\">What do you need when applying for a rental?<\/a><\/li>\n\n\n\n<li><a rel=\"noreferrer noopener\" aria-label=\"Applying For A Rental In Ontario Part 3: What Can A Landlord Ask For On A Rental Application In Ontario? (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/06\/applying-for-a-rental-in-ontario-what-can-a-landlord-ask-for-on-a-rental-application\/\" target=\"_blank\">What Can A Landlord Ask For On A Rental Application In Ontario?<\/a><\/li>\n\n\n\n<li><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/06\/applying-for-a-rental-in-ontario-how-do-i-fill-out-a-rental-application\/\" target=\"_blank\">How Do I Fill Out A Rental Application?<\/a><\/li>\n\n\n\n<li><a rel=\"noreferrer noopener\" aria-label=\"Ontario Standard Lease Explained (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/01\/ontario-standard-lease-explained\/\" target=\"_blank\">Ontario Standard Lease Explained<\/a><\/li>\n\n\n\n<li><a aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/01\/eviction-in-ontario-faq\/\" target=\"_blank\" rel=\"noreferrer noopener\">Frequently Asked Questions: Everything You Need to Know About Eviction in Ontario<\/a><\/li>\n<\/ul>\n\n\n\n<br><h2 id=\"methodology\">Data collection methodology<\/h2>\n\n\n\n<font size= \"2\"><i>\r\n<p>Our monthly rent reports use data from our own liv.rent listings, as well as data our team manually collects from other popular listing sites &#8211; looking at available basement suites, apartments, condos, townhouses, semi-detached houses, and single-detached houses for each area.<\/p>\r\n\r\n<p>When collecting this data, we do exclude luxury properties listed at over $5,000, as well as rooms for rent and shared accommodation.  Investing in manual data collection means that we only consider the current month\u2019s listing, since we can filter out duplicate listings and older ads that haven\u2019t been removed. <\/p>\r\n\r\n<p>Another key difference between our data collection methods and some government agencies like the CMHC is that we only include current asking rent prices. Many official reports will include data for entire buildings in their reports, which tends to skew numbers lower since many units are already occupied, and may be rent-controlled or rented for significantly lower than the current rates. <\/p>\r\n\r\n<p>As we are a Canadian rental platform founded and based in Vancouver, we want to ensure that we\u2019re providing a completely accurate depiction of the rental market in the cities we look at. <\/p>\r\n<\/p><\/font><\/i>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<br>\n<style>\n.button-rethink-way-you-rent-monthly-report {\n  background-color: #7495AC;\n  border: 5px #26425C;\n  color: white;\n  padding: 10px 30px;\n  text-align: center;\n  text-decoration: none;\n  display: inline-block;\n  font-size: 15px;\n  margin: 5px 0px 20px 0px;\n}\n<\/style>\n<img decoding=\"async\" class=\"alignleft wp-image-23097\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2020\/08\/Digital-Contracts-Cropped-2.gif\" alt=\"Find apartments &amp; houses for rent with the liv.rent app\" width=\"220\" height=\"410\" style=\"float:left;\">\n\n<h2 style=\"color: #3E5B77;\">Rethink The Way You Rent<\/h2>\n\n<p>Not on <strong><a href=\"https:\/\/liv.rent\/\" target=\"_blank\" rel=\"noopener noreferrer\">liv.rent<\/a><\/strong> yet? Experience the ease of digital applications &amp; contracts, verified tenants &amp; landlords, virtual tours and more \u2013 all on one platform. <strong><a href=\"https:\/\/liv.rent\/pricing\" target=\"_blank\" rel=\"noopener noreferrer\">Sign up for free<\/a><\/strong> or <strong><a href=\"https:\/\/www.liv.rent\/download\" target=\"_blank\" rel=\"noopener noreferrer\">download the app<\/a><\/strong>.<\/p>\n\n<a href=\"https:\/\/liv.rent\/features\" target=\"_blank\" rel=\"noopener noreferrer\"><button class=\"button-rethink-way-you-rent-monthly-report\">Learn More<\/button><\/a>\n\n<p style=\"color: #3E5B77\"><strong><a href=\"https:\/\/315027fd.sibforms.com\/serve\/MUIEALxBmw-zX8J7nIDbE8Y0GsbO2XD2wyS5o8IJ7wVaedytZTfE-Ysnf2unVSDuBMQ_DiIreTYMftk3u84zjN-NZ459-r4fafSVJmvHqufcCZsHOdl9YPdQlyNO_8e-aEyO3JswcwrjPcNt9Ll22P85SQ6zAIiqlLhL9S2Es9edJgfjg0307yN6DptRbjGnHobRqNlUNRLczWrl\" target=\"_blank\" rel=\"noopener noreferrer\">Subscribe<\/a><\/strong> to receive these monthly updates on the Vancouver rental market. Discover last month&#8217;s Rent Reports below:<\/p><p>\n\n<a href=\"https:\/\/liv.rent\/blog\/2022\/12\/december-2022-metro-vancouver-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">December 2022 Metro Vancouver Rent Report<\/a><br>\n\n<a href=\"https:\/\/liv.rent\/blog\/2022\/12\/december-2022-toronto-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">December 2022 Toronto Rent Report<\/a><br>\n\n<a href=\"https:\/\/liv.rent\/blog\/2022\/12\/december-2022-calgary-edmonton-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">December 2022 Calgary &amp; Edmonton Rent Report<\/a>\n\n<br>\n<a href=\"https:\/\/liv.rent\/blog\/2022\/12\/december-2022-montreal-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">December 2022 Montreal Rent Report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At a glance Average monthly rent for an unfurnished, one-bedroom unit in the GTA has fallen for the third consecutive month, down a further $3 since December 2022. The GTA&#8217;s average monthly rent price for an unfurnished, one-bedroom unit is now up $401 since January 2022. Average rent per square foot is higher in the [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":38186,"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":[399,350],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>January 2023 Toronto Rent Report | liv.rent blog<\/title>\n<meta name=\"description\" content=\"liv.rent&#039;s January 2023 Rent Report looks at rental averages and trends throughout the Greater Toronto Area, covering all the latest data you should know.\" \/>\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\/january-2023-toronto-rent-report\/\" 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