Even downtown Toronto is way cheaper!
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.