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.
July 13, 2026
Is Toronto’s Market Finally Stabilizing? | Reach out to me for buying or selling. First time? Call for a FREE consultation.
Toronto housing activity showed signs of stabilization after extended periods of weak buyer demand and cautious market sentiment. Increased inventory is providing more options for purchasers while reducing pressure from competitive bidding situations. Condo segments...