Toronto Rental Market Report
WOWA Trusted and Transparent
Market Report Summary
Updated April 24th, 2021
- Average rent in Toronto dropped to $2,070, a 15% decrease compared to Q1 2020
- Leasing activity has recovered to previous highs with an 85% increase compared to Q1 2020
- One-bedroom rents dropped by 17% year-over-year to $1,821/month
- Two-bedroom rents dropped by 12% year-over-year to $2,444/month
- Three-bedroom rents dropped by 3% year-over-year to $2,962/month
Toronto Condo Rental Market Statistics
Data for Q1 2021
Average Rent for a Condo Apartment
Total Condo Leases Per Quarter
Toronto One-Bedroom Condo Rental Statistics
Data for Q1 2021
Average Rent for a One-Bedroom Condo
Total One-Bedroom Condo Leases Per Quarter
Toronto Two-Bedroom Condo Rental Market Statistics
Data for Q1 2021
Average Rent for a Two-Bedroom Condo
Total Two-Bedroom Condo Leases Per Quarter
Toronto Three-Bedroom Condo Rental Market Statistics
Data for Q1 2021
Average Rent for a Three-Bedroom Condo
Total Three-Bedroom Condo Leases Per Quarter
Toronto Townhouse Rental Market Statistics
Data for Q1 2021
Average Rent for a Townhouse
Total Townhouse Leases Per Quarter
Greater Toronto Area (GTA) Rental Prices Breakdown by Region
Housing Markets Across Canada
Data sourced from the Toronto Regional Real Estate Board (TRREB) and the Canadian Real Estate Association (CREA). Any analysis or commentary is the opinion of the analysts at WOWA.ca and should not be construed as investment advice. Please consult a licensed real estate professional before making a real estate investment decision. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.