In 2015 Toronto rental properties are averaging $2.37 per square foot. Yikes!
Luckily with the constant increase of condos being built in the downtown core rental prices will finally lower after 5 years of steady growth. Currently, for a 600 square ft apartment renters can expect to pay upwards of $1,400. The Toronto Star article takes a look at the 21% increase in rental listings in the first quarter of 2015 and discusses how landlords will have to lower rent prices in order to retain their tenants and accommodate the changing rental market. This growth will meet the demand of all those looking to move to this great city and keep realtors busy.