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Ontario rent prices plummeting but these places actually got more expensive

Toronto's once-competitive rental market might finally be showing signs of relief, according to new data that shows declining rents across much of the city, particularly in the downtown core, even as prices continue to climb in some suburban communities across Ontario. According to liv.rent's December 2025 Ontario Rent Report, the average rent for an unfurnished one-bedroom apartment in Toronto had fallen year over year, representing a significant shift from the rapid increases seen throughout much of 2023 and early 2024. In downtown Toronto, the average rent for these types of units dropped from $2,365 last December to $2,090 this December, representing an 11.6 per cent decline. Similar price drops were also observed in North York and Etobicoke, which saw rent prices drop by 8.3 per cent and 8.7 per cent, respectively. Ontario rent prices, year-over-year. Despite prices cooling off in some markets, suburban rents in Ontario are notably on ...


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