Early 2026 avg asking rent: 1-bedroom $2,183; 2-bedroom $2,801, the city’s lowest averages in 4 years.
Canada’s avg asking rent fell 16 straight months to $2,057, a 31-month low.
Experts cite more condo supply: newly completed projects and investors renting pre-construction units instead of selling.
Tenants gaining leverage: lower rates, 1 month free rent, utilities or internet included, and more flexible leases.
No immediate rebound expected, creating rare negotiating power for renters.
Toronto’s Housing Pipeline Surpasses 850,000 Units Milestone
Toronto's housing pipeline exceeds 850,000 units, but annual completions average only 17,000 to 25,000, revealing a significant gap between planned and delivered homes. Most units remain in early stages, with delays in approvals, financing, and...
