First Torornto Rent Drop in 3 Years: Will It Last? | MrHunter.ca

Toronto condo rents dropped for the first time since the pandemic, offering brief renter relief.
Studios led declines at 3.9%, while three-bedroom rents fell slightly to $3,988 monthly.
City of Toronto average rent dropped 2.1% to $2,765 for a 674 sq. ft. unit.
905 region defied the trend with rents rising 2% to $2,610 for 719 sq. ft.
Despite 23,000 units under construction, experts warn affordability relief is short and unsustainable.