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Toronto Rents Stabilize Amid National Trends | Toronto News
Toronto’s rent market may be hitting a turning point—average monthly rent rose 1.2% in June, marking three straight months of increases and a 1.9% drop from last year. After 29 months of decline, the city’s average sits at $2,537, with North York leading at $2,563. Across Canada, annual rent drops are slowing—down 4.3% in June, the shallowest decline in 21 months. Yet affordability remains a crisis: 72% of renters seek homes under $2,000, and 70% cite high rents as their top struggle. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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