Toronto's real estate market decline has led to lower rental and home prices, confusing residents about fair costs. Renters' views on one-bedroom rents ranged from $1,000 to $3,000, with the city average at $2,295. Opinions on buying a one-bedroom condo varied widely, from $50,000 to $700,000, reflecting diverse knowledge and affordability concerns. Many emphasized rent should not exceed 35% of income.
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