Property prices for rent in Toronto (Ontario)

The rent prices in real estate in Toronto, in the Ontario region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$2,513.17
Average price last 6 months
$3.93
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Toronto has had a strong fall during the last 6 months. In August, the average price per sq.feet was $6.98. In the following month the price per sq.feet fell considerably to $3.3. The price for the following two months in (October, November) had a considerable fall of 66 with regard to the previous two months. The price per sq.feet has had a considerable fall of 77 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $4.26 to $3.28 during December, and January.

Average price

When referring to the price in Toronto (cities), this has risen in the last 6 months. The rent price in August is $2,411, rising in September till $2,614. In the following two months the average price has hardly changed with regard to the previous two months from $2,512.5 to $2,503. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,507.75 and $2,524 between December and January.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,432 they are 7 % more affordable than the average price for Toronto . The properties with the highest average price have 4 bedrooms, Their price is 111 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,838.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.53 / sq.feet, with an average $3.16 / sq.feet price in Toronto. The properties with the most expensive average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $3.38 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $2,432 it is 19 % more affordable than the average price in Toronto. "House" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Condo". At a price of $3,103 it is 42 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $2.6 / sq.feet followed by "Condo" priced at $3.07 / sq.feet. "Townhouse" is the most expensive type of property with a $41 / sq.feet value followed by "Apartment" with an average price of $3.35 / sq.feet.

Charts data
Average price January
Average price per sq.feet January
Number of properties used in Toronto
Number of properties used in region Ontario
$2,432
$3.16
84,624
151,660
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value