It will now cost a Toronto renter a monthly average of $2,457 for a one-bedroom unit, and a mind-bending $3,215 to rent a two-bedroom unit.
That average one-bedroom rental rate marks a 21.3 per cent leap measured year-over-year, while two-bedroom rents rose by a slightly less-alarming 18.1 per cent.
It's a bit less concerning when you break the numbers down month-over-month, and it actually cost a renter 3 per cent less for a one-bedroom and 3.9 per cent less for a two-bedroom unit than it did in November 2022.
Overall, the average unit in Toronto across all unit types increased by almost 23 per cent year-over-year in December to $2,775.
From our famous bagged milk and maple syrup to the roof over our heads, life in Toronto feels more expensive than ever. As many homeowners struggle...
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