Toronto GTA September Rent Report 2022
Toronto Rentals Blog
by Ben Myers
1y ago
Average Rent in the GTA The average rent for all property types in the Greater Toronto Area (GTA) trended downward throughout pandemic-impacted 2020, with monthly declines as large as 3.7%. The TorontoRentals.com listings data summarized in this report include single-family homes, townhouses, condominium apartments, rental apartments, and basement apartments.  In April 2021, when rent hit a low of $1,972 per month, the trend reversed, and rental rates began increasing. In August 2021, the average rental rate in the GTA was $2,098 per month (refer to the chart below, which shows the averag ..read more
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Toronto GTA August Rent Report 2022
Toronto Rentals Blog
by Ben Myers
1y ago
Average Rent and Monthly Change in Average Rent in the GTA The average asking rental rates continue to rise in the GTA with the last three months seeing increases of 5.7%, 3.1% and 3.3% respectively. The data shown in the chart below is based on aggregated TorontoRentals.com listings for all residential property types (single-family homes, townhouses, condominium apartments, rental apartments and basement apartments).  The average rent of $2,482 per month is up by more than $400 from July of 2021, an annual increase of 19.3%. The average rent topped the market high of $2,460 per month in ..read more
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Toronto GTA July Rent Report 2022
Toronto Rentals Blog
by Ben Myers
1y ago
Greater Toronto Area Rental Market The Average Rent for All Property Types in the GTA Increased by 19% Annually in June 2022 The top panel in the chart below presents TorontoRentals.com data on the average monthly asking rent for Greater Toronto Area rental listings (all property types: basement apartments, rental apartments, condo apartments, townhouses and single-family homes) from January 2021 to June 2022. The average monthly rental rate for all property types in June 2022 was $2,403 per month – an annual increase of 19.1% over the June 2021 average of $2,018 per month. Following May’s 5 ..read more
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Toronto GTA June Rent Report 2022
Toronto Rentals Blog
by Ben Myers
1y ago
Greater Toronto Area Rental Market The following charts look at the summary data based on TorontoRentals.com residential rental listings in the Greater Toronto Area (GTA).  Monthly Asking Rent and Monthly Change in Rent for All Property Types The chart below looks at the average rent for all property types by month since January 2019 (blue line – left axis), with the monthly change in average rent represented by the green bars. The data is sourced via TorontoRentals.com monthly listings.  The average monthly rental rate continues to rise as the market recovers from the pandemic rela ..read more
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Toronto GTA May Rent Report 2022
Toronto Rentals Blog
by Ben Myers
1y ago
Greater Toronto Area Rental Market The following charts look at the summary data based on TorontoRentals.com residential rental listings in the Greater Toronto Area (GTA).  Monthly Asking Rent and Monthly Change in Rent for All Property Types The chart below looks at the average rent for all property types by month since April of 2020 (blue line – left axis), with the monthly change in average rent represented by the orange bars.  After declining for most of 2020 and the start of 2021, the average monthly rental rate changed course in April 2021 with eight consecutive months of  ..read more
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Toronto GTA April Rent Report 2022
Toronto Rentals Blog
by Ben Myers
2y ago
Greater Toronto Area Rental Market The following charts look at the summary data based on TorontoRentals.com residential rental listings in the Greater Toronto Area (GTA).  Monthly Asking Rent and Monthly Change in Rent for All Property Types The chart below looks at the average rent for all property types by month since the start of 2020 (blue line – left axis), with the monthly change in average rent represented by the yellow bars.  The average monthly rental rate declined every month from January 2020 to March 2021. Since April 2021, the average rent has increased month over mont ..read more
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Toronto GTA March Rent Report 2022
Toronto Rentals Blog
by Ben Myers
2y ago
Greater Toronto Area Rental Market The following chart looks at the average asking rent data from TorontoRentals.com listings in the Greater Toronto Area (GTA).  Monthly Asking Rent and Monthly Change in Rent for All Property Types The chart below looks at the average rent for all property types by month since the start of 2020 (blue line – left axis), with the monthly change in average rent represented by the orange bars.  The average monthly rental rate declined every month from January 2020 to March 2021. Since April 2021, the average rent has increased month over month for 10 of ..read more
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Toronto GTA February Rent Report 2022
Toronto Rentals Blog
by Ben Myers
2y ago
GTA Average Rents Up 11.5% Year Over Year The figure below presents the average rent and the month-over-month change in average rent for all property types in the GTA via TorontoRentals.com listings over the past three years. The average rent in January 2022 was $2,200 per month, which represents an annual increase of 11.5% over the January 2021 average of $1,972 per month and a monthly increase of 2.4%. The average rent has increased month over month for nine out of the last 10 months, signaling that the rental market is quickly recovering from the pandemic-induced declines. The December dip ..read more
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Toronto GTA January Rent Report 2021
Toronto Rentals Blog
by Ben Myers
2y ago
Greater Toronto Area Rental Market The chart below presents data on the average monthly asking rent for Greater Toronto Area (“GTA”) rental listings (all property types: basement apartments, rental apartments, condo apartments, townhouses and single-family homes) from January 2019 to December 2021 based on listings data on TorontoRentals.com.  The average rent for all property types in the GTA was $2,150 per month in December 2021. The average rent is down 0.8% monthly after eight consecutive months of increases starting April 2021. The average rent declined every month between December ..read more
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Toronto GTA December Rent Report 2021
Toronto Rentals Blog
by Admin
2y ago
Greater Toronto Area Rental Market The Average Rent for All Property Types in the GTA Increased by 4.3% Annually in November 2021 The top panel in the chart below presents TorontoRentals.com data on the average monthly asking rent for GTA rental listings (all property types: basement apartments, rental apartments, condo apartments, townhouses and single-family homes) from November 2020 to November 2021.  The average rent for all property types was $2,167 per month in November 2021, this represents a year-over-year increase of 4.3% from the November 2020 average of $2,077 per month. This ..read more
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