Rent Prices Skyrocketing - Toronto Example Toronto's rent prices continued their meteoric ascent in April, and it will now cost you a shocking average of $2,822 to rent a home in Canada's economic heart.
According to the latest National Rent Report from Rentals.ca and Urbanation, the Toronto area's average rental prices increased by an alarming 41 per cent in April compared with the pandemic low recorded two years earlier.
I work in sustainability and this is not sustainable. We are heading for a disastrous market correction both in homes and the stock market. This is just one indicator but a very important one.