{"id":38386,"date":"2023-02-03T09:00:09","date_gmt":"2023-02-03T17:00:09","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=38386"},"modified":"2023-07-20T13:11:17","modified_gmt":"2023-07-20T20:11:17","slug":"february-2023-toronto-rent-report","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/rent-reports\/february-2023-toronto-rent-report\/","title":{"rendered":"February 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 increased after three months of declines, up by $69 since January. \n<\/strong>\n\n<\/li><li><strong>Downtown had the most expensive average rent prices for one-, two- and three-bedroom unfurnished units this month. \n<\/strong>\n\n<\/li><li><strong>\nThe GTA&#8217;s region-wide average rent prices for an unfurnished, one-bedroom unit are now up $358, or 20%, since February 2022.\n<\/strong> <\/li><\/ul>\n<\/div>\n\n\n\n<p><strong><em>Looking for our full February 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 risen substantially this February. This month, the GTA&#8217;s monthly average rent price for an unfurnished, one-bedroom unit has increased by $69, bringing the region&#8217;s rental rates just below what they were back in October 2022. Although Canada&#8217;s <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> may come to a halt soon, consistently high demand for rental housing seems to be keeping rent prices high practically across the country. <\/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 increased by quite a wide margin this February, rising by $69 since January. Following three consecutive month-to-month declines in the region&#8217;s average rental rates, the GTA&#8217;s average monthly rent price has now rebounded to just barely below what they were in October 2022. Looking at a year-over-year comparison, the average monthly rent for an unfurnished, one-bedroom unit in the GTA has increased by $358 since February 2022.<\/p>\n\n\n\n<p><strong><em>Planning on raising rent this year? Ontario&#8217;s Annual allowable rent increase limit for 2023 is 2.5%. Find out when and how you can increase rent and ensure you&#8217;re complying with provincial guidelines by reading our updated <a href=\"https:\/\/liv.rent\/blog\/2022\/07\/ontario-rent-increase\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Guide to Ontario Rent Increases<\/a>.<\/em><\/strong><\/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>&gt;&gt; Recommended Reading:<\/b> <a href=\"https:\/\/liv.rent\/blog\/2019\/09\/bc-rent-increase\/\" target=\"_blank\" rel=\"noopener noreferrer\">What is Ontario\u2019s maximum allowable rent increase?<\/a><\/p>\n<\/div>\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_2023_Feb_Blog-4-1024x717.jpg\" alt=\"rental trends for unfurnished one-bedroom units in the Greater Toronto Area via the February 2023 liv rent report\" class=\"wp-image-38480\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-4-1024x717.jpg 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-4-300x210.jpg 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-4-768x538.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-4-351x247.jpg 351w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-4.jpg 1920w\" 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 January to February 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_2023_Feb_Blog-8-862x1024.jpg\" alt=\"percentage change in rental prices for different cities and municipalities in the Greater Toronto Area, via the February 2023 liv rent report\" class=\"wp-image-38484\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-8-862x1024.jpg 862w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-8-252x300.jpg 252w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-8-768x913.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-8.jpg 1920w\" 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, there were a few larger changes this month within the GTA&#8217;s various municipalities. <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/north-york\" target=\"_blank\">North York<\/a> saw the largest increase (+8.14%), while the only month-to-month decrease occurred 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> (-0.53%). In spite of this drop though, Downtown Toronto still had the most expensive one-, two- and three-bedroom unfurnished units on average this February.<\/p>\n\n\n\n<br><h3 style=\"color: #fe5f55\">Furnished Toronto rent trends<\/h3>\n\n\n\n<p>Average rent prices for furnished units in the GTA&#8217;s various municipalities also saw comparatively few large month-to-month changes. The most notable increase this month came in <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/etobicoke\" target=\"_blank\">Etobicoke<\/a> (+8.12%), while the most notable decline was seen 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>, where prices fell by -5.45% on average. Despite the decrease, however, Downtown Toronto continued to command the highest average rent for one- and two-bedroom furnished units.<\/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 $311 more than unfurnished units as a whole \u2013 which is more or less 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_Feb_Blog-2-1-1024x683.jpg\" alt=\"average rent for furnished vs unfurnished units in the Greater Toronto Area for the February 2023 liv rent report\" class=\"wp-image-38478\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-2-1-1024x683.jpg 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-2-1-225x150.jpg 225w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-2-1-300x200.jpg 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-2-1-768x512.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-2-1-345x230.jpg 345w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-2-1-770x513.jpg 770w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-2-1-370x247.jpg 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-2-1-440x294.jpg 440w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-2-1-570x380.jpg 570w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-2-1-170x113.jpg 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-2-1.jpg 1920w\" 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 February, Etobicoke has the most expensive rent per square foot, while Mississauga and Markham are tied for 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 rel=\"noreferrer noopener\" aria-label=\"Metro Vancouver's region-wide average (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/category\/rent-reports\/vancouver\/\" target=\"_blank\">Metro Vancouver&#8217;s region-wide average<\/a> of $2.85 per square foot.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"690\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-5-1024x690.jpg\" alt=\"rent per square foot in the greater toronto area via the February 2023 liv rent report\" class=\"wp-image-38481\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-5-1024x690.jpg 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-5-300x202.jpg 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-5-768x517.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-5.jpg 1920w\" 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 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 February 2023, the most common rental property type by far was apartments, representing a whopping 87.18% of active listings on the market. Partial houses (e.g. basement suites) were the second-most rented unit type this month, at 5.92% 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_2023_Feb_Blog-11-1024x439.jpg\" alt=\"number of active listings by property type for the February 2023 liv rent report\" class=\"wp-image-38486\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-11-1024x439.jpg 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-11-300x129.jpg 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-11-768x329.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-11-1170x500.jpg 1170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-11-1164x500.jpg 1164w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-11.jpg 1920w\" 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. One-bedroom units were the most common type of listing this month at 39.00%, though two-bedroom units were nearly as popular, representing 38.97% 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\/02\/RentReport_GTA_2023_Feb_Blog-10-2-1024x391.jpg\" alt=\"number of active listings by number of bedrooms for the February 2023 liv rent report\" class=\"wp-image-38641\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/02\/RentReport_GTA_2023_Feb_Blog-10-2-1024x391.jpg 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/02\/RentReport_GTA_2023_Feb_Blog-10-2-300x114.jpg 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/02\/RentReport_GTA_2023_Feb_Blog-10-2-768x293.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/02\/RentReport_GTA_2023_Feb_Blog-10-2.jpg 1920w\" 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> in February 2023, while Downtown Toronto unsurprisingly remains the most expensive.<\/p>\n\n\n\n<p>The average price for an <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/brampton?furnished=false&amp;bedroom_count=1\" target=\"_blank\">unfurnished one-bedroom<\/a> unit in Brampton has risen to $1,670, while in Downtown Toronto, the same type of unit goes for $2,428 \u2013 a difference of $758.<\/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_Feb_Blog-3-1024x674.jpg\" alt=\"highest and lowest rent in the GTA by neighbourhood via the February 2023 liv rent report\" class=\"wp-image-38479\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-3-1024x674.jpg 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-3-300x198.jpg 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-3-768x506.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-3-170x113.jpg 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-3.jpg 1920w\" 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>This month, Downtown Toronto had the most expensive average rent prices for all unit types \u2013 except for three-bedroom, furnished units, where East York had higher average prices<\/li>\n\n\n\n<li>For the second straight month, Brampton had the least expensive one- and two-bedroom furnished and unfurnished units<\/li>\n\n\n\n<li>Average monthly rent prices increased for all unit types in Scarborough and Vaughan-Richmond Hill<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"685\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-7-1024x685.jpg\" alt=\"average rent for unfurnished one, two and three bedroom units in the Greater Toronto Area - broken down by city\/municipality for the February 2023 liv rent report\" class=\"wp-image-38483\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-7-1024x685.jpg 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-7-225x150.jpg 225w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-7-300x201.jpg 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-7-768x513.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-7-345x230.jpg 345w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-7-370x247.jpg 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-7-440x294.jpg 440w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-7-570x380.jpg 570w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-7-170x113.jpg 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-7.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"685\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-6-1024x685.jpg\" alt=\"average rent for furnished one, two and three bedroom units in the Greater Toronto Area - broken down by city\/municipality for the February 2023 liv rent report\" class=\"wp-image-38482\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-6-1024x685.jpg 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-6-225x150.jpg 225w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-6-300x201.jpg 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-6-768x513.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-6-345x230.jpg 345w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-6-370x247.jpg 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-6-440x294.jpg 440w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-6-570x380.jpg 570w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-6-170x113.jpg 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-6.jpg 1920w\" 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 $1,499 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 $2,279 \u2013 though Downtown Toronto still has the region&#8217;s highest average rent prices.<\/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_Feb_Blog-9-977x1024.jpg\" alt=\"average rent by municipality or city outside of the Greater Toronto Area via the February 2023 liv rent report\" class=\"wp-image-38485\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-9-977x1024.jpg 977w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-9-286x300.jpg 286w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-9-768x805.jpg 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-9-477x500.jpg 477w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_GTA_2023_Feb_Blog-9.jpg 1920w\" sizes=\"(max-width: 977px) 100vw, 977px\" \/><\/figure>\n\n\n\n<p>Our complete February 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_Feb_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\/2023\/01\/january-2023-metro-vancouver-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">January 2023 Metro Vancouver Rent Report<\/a><br>\n\n<a href=\"https:\/\/liv.rent\/blog\/2023\/01\/january-2023-toronto-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">January 2022 Toronto Rent Report<\/a><br>\n\n<a href=\"https:\/\/liv.rent\/blog\/2023\/01\/january-2023-calgary-edmonton-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">January 2023 Calgary &amp; Edmonton Rent Report<\/a>\n\n<br>\n<a href=\"https:\/\/liv.rent\/blog\/2023\/01\/january-2023-montreal-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">January 2023 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 increased after three months of declines, up by $69 since January. Downtown had the most expensive average rent prices for one-, two- and three-bedroom unfurnished units this month. The GTA&#8217;s region-wide average rent prices for an unfurnished, one-bedroom unit are [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":38487,"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>February 2023 Toronto Rent Report | liv.rent blog<\/title>\n<meta name=\"description\" content=\"liv.rent&#039;s February 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\" 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