Toronto Renters Forum
Common Tenant Problems => Rent => Topic started by: Andy on November 22, 2022, 11:26:19 am
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New data shows how much condo rent is rising in Toronto
https://toronto.ctvnews.ca/new-data-shows-how-much-condo-rent-is-rising-in-toronto-1.6127457 (https://toronto.ctvnews.ca/new-data-shows-how-much-condo-rent-is-rising-in-toronto-1.6127457)
The cost of renting a one-bedroom condominium in Toronto is now up more than 20 per cent year-over-year, as higher borrowing costs leave some would-be buyers on the sidelines.
The latest data from the Toronto Region Real Estate Board shows that the average monthly cost for a one-bedroom condominium hit $2,481 in the third quarter of 2022, up from $2,269 last quarter and $2,061 in the third quarter of 2021.
The average rental cost for a two-bedroom condo was up 14.5 per cent year-over-year to $3,184.