Huge Drop in Year-Over-Year Downtown Toronto Rent

Average rents in downtown Toronto have dropped as much as 22% year-over-year.

If you’ve been thinking about renting in downtown Toronto, there’s no better time to start looking at listings than right now.

According to a July rent report from Rentals.ca and Bullpen Research & Consulting, the average price for condominium apartments in the downtown core listed on the site is $2,444 — that’s down a staggering 22.2% year-over-year.

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