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Rent Prices Across The GTA Have Plummeted In Every Single Neighbourhood Except One

Even downtown Toronto is way cheaper!

The difficulty of affording Toronto rent is well-documented at this point, but 2021 is apparently bringing a bit of relief in almost every single neighbourhood in the GTA.

According to a new report from rental platform, 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.

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Over A Quarter Of Young Ontarians Went Out & Somehow Bought A Home During The Pandemic

Who else is still searching for their millions? 💰🕵🏻

If you can believe it or not, a good amount of Ontarian young adults actually went out and bought a home during the pandemic.

According to a report from Royal LePage from February 2021, 44% of Ontarians aged 25 to 35 own their own home, and 26% of those people have bought that home since mid-March last year at the start of the pandemic. It was also recently revealed that nearly 20% of Toronto's homeowners under 35 own a second property, too.

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This Immaculate Ontario Home Has A Rare Forest & A Gazebo That Belongs In Monet's Yard

It even has a secluded Muskoka cottage!

No, you're not looking at an oil painting - this stunning home actually exists in Ontario and it's overflowing with charm.

Located in the Niagara area, the escarpment property comes with a hefty price tag of $3,750,000, which isn't surprising considering the grandeur of the place.

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Rental Prices Are Increasing In The GTA & Here Are The Cheapest Neighbourhoods To Rent In RN

City living ain't cheap!

Rent is due, and it's slowly rising in the GTA. City dwellers will have to fork out more cash for their rental properties in 2022, according to a recent report by TorontoRentals and Bullpen Research & Consulting forecasting.

The report says the average rent for all property types in June 2021 was $2,017 per month, $200 less than what it was last June in 2020. However, since March 2021, rent has slowly begun to increase leading to a 0.9% month-over-month increase in June 2021.

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6 Toronto Condos For Sale Under $400K That Don't Look Like Complete Disasters

Living on a budget doesn't have to include a shack.

Finding an affordable Toronto condo that isn't a literal shoebox can be a bit like finding a needle in a haystack these days.

However, there are some cheap and nice places you can grab right now in the 6ix, without sacrificing your dreams of having a good view or comfort.

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Almost 20% Of Homeowners Under 35 In Toronto Own A Second Property

Yet many can't even afford one.

Are you 35 years old or younger and own more than one property in Toronto? If the answer is no, don't fret. Currently, 18% of homeowners under 35 years old in Toronto do.

According to a report released by Royal LePage, which surveyed 500 people in the GTA in June 2021, a larger percentage of homeowners under the age of 35 own multiple properties than those older than 35 years old.

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