With September lurking around the corner, students all across Toronto are becoming more and more anxious to experience the university life. The hustle and bustle of Gould Street is magical with profs who look like students, and students who at times dress up like profs. However, there is one demographic that stands out a little more than the rest: the frosh. Here are some surefire ways of figuring out who exactly the first year students are at RU.
Even downtown Toronto is way cheaper!
According to a new report from rental platform liv.rent, the average rent in a furnished apartment is a lot lower than it was in 2020 in almost every single GTA region — except for one.
Markham is the only neighbourhood in the area that has seen its average rent go up since last year, with Downtown Toronto seeing the biggest drop at 14.4%.
Despite the drops, liv.rent suggests that most prices are beginning to bounce back up. According to the report, Brampton and Mississauga showed "significant recovery" from Q1 2021, only dropping 13.2% and 8.3% in Q2 2021 from their Q2 2020 prices, compared to dropping 24.1% and 17%, respectively, in Q1.
And even though Downtown Toronto's prices are way lower than they were in 2020, it's still the most expensive place to rent in the city. The average rent for a furnished apartment in the area is $2,525, with unfurnished apartments at $2,338.