The average rent for a one-bedroom apartment in Toronto is now $2,300 Toronto TorontoRealEstate RealEstate
Two-bedroom units are going for nearly $3,000 as of this month, with a median rent price of $2,950 posted by Zumper on Wednesday.Interestingly enough, however, rent prices for both one and two bedroom-apartments in Toronto remained stable between January and February, each posting month-over-month increase rates of zero.
"Overall, 11 cities experienced growing rent prices, 10 saw rent decline, and 2 remained flat," reads Zumper's report. Zumper credits higher supply levels for helping to even out Barrie's rental market"where it’s only up about 5 per cent year-over-year, a vast difference from the double-digit rent price growth rates it was experiencing last year."
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