{"id":9580,"date":"2019-06-06T11:00:07","date_gmt":"2019-06-06T18:00:07","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=9580"},"modified":"2021-03-31T15:03:49","modified_gmt":"2021-03-31T22:03:49","slug":"toronto-rental-stats-may-snapshot","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/rent-reports\/toronto-rental-stats-may-snapshot\/","title":{"rendered":"Toronto Rental Stats \u2013 May 2019 Snapshot"},"content":{"rendered":"

\"Toronto<\/p>\n

Toronto Renter Stats – Trends<\/h2>\n

This month we take a look at the state of the rental market in Greater Toronto based on May\u2019s figures.\u00a0 Overall, renters saw some relief last month with many neighbourhoods posting decreases in rental rates. Only Vaughan\/Richmond Hill saw an increase – a sizeable one at that (8.3%). Below is a breakdown of the Toronto rental stats for May 2019.<\/p>\n

\"Toronto<\/p>\n

Furnished vs. Unfurnished Rentals<\/h2>\n

The average rent for an unfurnished one bedroom apartment in May was down from April’s $1,801 to $1,762. The average cost of a furnished apartment, however, crept upwards to $2,064 from April’s $1,862.<\/p>\n

\"Average<\/p>\n

Highest vs. Cheapest Rent in Toronto<\/h2>\n

Taking the honors away from April’s bargains in Mississauga, Vaughan\/Richmond Hill boasted the lowest average rent for a 1 bedroom furnished unit at $2,100 (up from $2,000 in April) in May, despite also experiencing the largest month over month increase in rent. The highest average rent for a similar home in May was in Downtown Toronto at $2,383 (down slightly from April’s $2,467) .<\/p>\n

 <\/p>\n

Remember though, despite paying premium rates to live in\u00a0Toronto’s downtown core,\u00a0tenants are saving in other ways, primarily, on car-related expenses (vehicle, insurance, fuel and repairs). In addition, time is money, and living near where you work pays mental health dividends in terms of reduced commuting times and associated stress.<\/p>\n

Be sure to subscribe to our mailing list for all future updates on the Toronto rental market!<\/p>\n

\n

For more rental stats, read our\u00a0Vancouver Rental Stats – May 2019 Snapshot<\/a><\/strong>.<\/p>\n

Follow us on Instagram<\/a> <\/strong>for monthly Toronto rental stats and other major metropolitan cities.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Toronto Renter Stats – Trends This month we take a look at the state of the rental market in Greater Toronto based on May\u2019s figures.\u00a0 Overall, renters saw some relief last month with many neighbourhoods posting decreases in rental rates. Only Vaughan\/Richmond Hill saw an increase – a sizeable one at that (8.3%). Below is […]<\/p>\n","protected":false},"author":11,"featured_media":9599,"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":[],"acf":[],"yoast_head":"\nToronto Rental Stats \u2013 May 2019 Snapshot | liv.rent blog<\/title>\n<meta name=\"description\" content=\"liv.rent's May 2019 rental stats for Greater Toronto. 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