RENTAL PRICES SURGING IN TORONTO

Jun 27, 2022

By Steve Kee

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A new report shows Toronto rent prices are up nearly 20 per cent in the last year as prices rebound to pre-pandemic levels.

The reports says the average rent price in the G-T-A climbed to around two-thousand three-hundred dollars a month in May.

That’s a 17-per-cent hike compared to this time last year, but on par with 2019 prices.

The report by TorontoRentals.com and Bullpen Research and Consulting shows Vancouver is the most expensive Canadian real estate market, with Toronto a close second.

Of the top 10 most expensive markets, six are in southern Ontario, including Kitchener and Mississauga.

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