Please complete your profile to unlock commenting and other important features.

User AvatarBuild your avatar
Please select your date of birth for special perks on your birthday. Your username will be your unique profile link and will be publicly used in comments.
Narcity Pro

This is a Pro feature.

Time to level up your local game with Narcity Pro.

Pro

$5/month

$40/year

  • Everything in the Free plan
  • Ad-free reading and browsing
  • Unlimited access to all content including AI summaries
  • Directly support our local and national reporting and become a Patron
  • Cancel anytime.
For Pro members only Pro
Summary

A Majority Of Toronto Apartments Are Giving Away Free Rent As People Flee The City

Rental companies are getting creative.
Toronto Apartments Giving Away Free Rent As People Flee The City
Les Palenik | Dreamstime
Contributing Writer

A majority of Toronto apartments are now being forced to offer free rent and other incentives to bring in new tenants.

People are continuing to flee the 6ix to live in smaller cities, which according to Urbanation, has caused GTA vacancy rates to reach record highs. 

Editor's Choice: Rogers Just Revealed Exactly What Went Wrong During That Giant Outage

As a result, the average rent for apartments in the 6ix was down 10.1% from last year in newer builds, says the report.

"The decline in rents was additional to widespread incentives being offered in the market. About two-thirds of buildings were offering free rent periods of one to three months to attract new tenants," an excerpt from the report reads.

For example, apartment complexes like Brentwood Towers and the Montgomery are offering one to two free months of rent to attract tenants.

From Your Site Articles
TorontoNewsCanadaNews
  • Patrick John Gilson

    Contributing Writer

    Patrick John Gilson (he/him) is a Contributing Writer with Narcity Media. He is a pro at ensuring his content is both exciting and tailored to millennials. He specializes in breaking news and investigative stories that require him to be on scene— something he enjoys and thrives in.

These two GTA rental markets are both 30 min from Toronto but one is over $500 cheaper

Time to move? 😬

Canada's top trending city for renters was revealed and it's not Toronto, Vancouver or Montreal

You'll probably never guess...

Here's what $1,900 in rent gets you in 11 Toronto neighbourhoods and the range is wild

Which spot would you pick? 👀

Toronto's homelessness numbers are rising — Here's how the City plans to respond

Toronto's homelessness figures saw a significant increase in over four years.

Cineplex is offering free movie tickets and discounted concessions but only for a few hours

You can get Community Day deals soon! 🍿

Ontario Trillium Benefit payments for November 2025 go out soon — Here's how much you can get

The CRA is sending these Ontario benefit payments next week! 💸

Canada's Budget 2025 could trigger another election this fall — Here's how it works

Mark Carney's minority government faces its first major test just months after the spring election.

Best Buy is having an early Black Friday sale and so many products are over $100 off

You can get discounts on TVs, computers, headphones, kitchen appliances, and more.

VIA Rail jobs for train attendants are available in Toronto and you get paid to travel

You don't need much experience to get hired.

Is Remembrance Day a stat holiday in Canada? Here's who gets November 11 off in 2025

Everything you need to know about the quasi-holiday. 👇

This small town in BC with cozy vibes ranked as one of Canada's 'top travel destinations'

It's a Hallmark movie come to life. ❄️