Rent in Toronto is on the decline for the third month in a row: report


by CP24

CP24— The average price of rent in Toronto has declined for the third month in a row, according to a recent report by rentals.ca. According to the April report, the average asking price for a Toronto rental apartment decreased in April and is now down 0.7 per cent month-over-month to an average $2,782. The slowdown began in Oct. 2023 – the first time that the Toronto rental market lowered in cost since August 2021. However, Toronto remains among one of the most expensive cities in Canada to...

Yahoo Finance—Toronto home sales fall for third month in April; prices rise. Greater Toronto area home sales fell in April for a third straight month and prices crept up, as over two-decade high interest rates kept the lid on housing market recovery in Canada's main metropolitan region, data showed on Thursday. Seasonally adjusted sales declined 3.4% in April from the previous month after falling 2.4% in March, according to Toronto Regional Real Estate Board (TRREB) data. Average home prices were up 1.5% last month to C$1.12 million ($819,072.69), the highest since...

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