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average rent in toronto

Toronto may be infested with raccoons, dirty streets, and Drake songs, but trust me — you won't fully appreciate the city until you leave it.

I moved to Toronto in 2017 for university and just recently moved to New York, and I can now say I didn't know how good I had it living in the 6ix until I moved away.

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Renting an apartment in Canada has only gotten more and more expensive over the last couple of years, with the latest data from Rentals.ca putting the average cost of rent in this country just above $2,000 a month.

But as with any data like this, it depends on where you look, with some of the hottest rental markets in Canada boasting price averages far above that. So, what exactly does $2,000 a month in rent get you across the country?

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The views expressed in this Opinion article are the author’s own and do not necessarily reflect the views of Narcity Media.

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Toronto rent prices are going through the roof! The average rent for purpose-built apartments just skyrocketed to over $3,000 — a record-breaking feat that's never been seen before in the area.

Urbanation, a real estate insights website, has been keeping tabs on the situation and found that rent prices have been climbing for six straight quarters with double-digit year-over-year increases. In other words, it's getting pricey out there.

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Living alone in Toronto can be daunting, especially for young people trying to navigate the high cost of living in the bustling city.

However, one Ontario TikToker has recently gone viral for sharing her secrets on how she managed to save $25,000 a year in Toronto through just five simple lifestyle changes.

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