Toronto rents keep going up but some nearby cities are now seeing price declines Toronto Ontario RealEstate
as life gets back to normal and people return to downtown office jobs after two years of real estate weirdness., released on Thursday, shows rent prices for one-bedroom apartments spiked by 5.6 per cent between September and October of 2022, and a whopping 16.1 per cent year-over-year.
Two-bedroom apartments just shot up some 4.3 per cent month-over-month in the 6ix, reaching an average of $2,640 — about 17.3 per cent higher than last year at the same time. Only one city — Vancouver — remained flat on a monthly basis, but still posted some of the highest year-over-year jumps at 17.4 and 25.2 per cent for one and two bedrooms respectively., continue to see rents skyrocket as 2022 moves along, but two Ontario cities — just two — posted declining rent prices this time around: Hamilton and Kitchener.
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