It is not wrong to say that searching for a rental in Toronto is extremely difficult. Because the vacancy rate is low throughout the city, rent charges are high. However, even after this, living in a rental property is the best option for people.
In this article, we’ll discuss what the average apartment rent in Toronto is, as well as a few factors you would have to take care of as you’re renting a space in Toronto.
Average Toronto Rent
As mentioned previously, the rates of rent in Toronto are extremely expensive. And according to a report by Bullpen Research and Consulting and Rentals.ca, Toronto is considered as the most expensive place with the most one-bedroom rent prices in the entire country.
Let’s look at a few other statistics of this report. The report says that the rents for one-bedroom spaces in Canada increased 4.3 year-over-year last month. The average rent in Toronto for a single bedroom got to $2,299 last month. With two-bedroom spaces, it reached $2,914.
Due to the…