top of page

This is how much it costs to rent an apartment in the GTA

Average rents across all units in Toronto have gone up by nearly 27 per cent compared to last year, according to a new rent report.

The latest from Urbanation – a real estate research firm – and reveals average rent prices across all units cost $2,820 per month, hovering around that price point month over month in October.

“Toronto has experienced the strongest annual growth in rents over the past year among Canada’s largest markets,” the rent report reads.

The average rent for a one-bedroom apartment in Toronto costs $2,502 each month, while a two-bedroom is $3,353 per month.

Outside of Toronto, rent for Brampton’s one and two-bedroom apartments shot up by 26.7 per cent and 31 per cent, respectively.

Rent is still slightly cheaper than that of Toronto, however, with the average one-bedroom costing slightly more than $2,100 and a two-bedroom $2,579 per month.

Across the Greater Toronto Area (GTA), average costs for a one-bedroom om Etobicoke and Mississauga are $2,214 and $2,133 monthly, respectively.

Read the full article HERE

5 views0 comments
Recent Posts
Quick links
bottom of page