Primary Rental Market
Average Rent ($)

By:

  1. Bedroom Type
  2. Year of Construction
  3. Structure Size

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  4. Census Tracts
  5. Historical Time Periods

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Toronto — Historical Average Rent by Structure Size (Apartment only)

  3-5 Units 6-19 Units 20-49 Units 50-199 Units 200+ Units Total
1990 October 750 b 582 a 531 a 617 a 676 a 628 a
1991 October 774 a 604 a 571 a 648 a 725 a 666 a
1992 October 768 a 608 a 586 a 671 a 747 a 686 a
1993 October 780 a 633 a 613 a 699 a 753 a 705 a
1994 October 779 a 649 a 614 a 713 a 766 a 717 a
1995 October 807 a 668 a 633 a 733 a 782 a 736 a
1996 October 800 a 670 a 656 a 748 a 794 a 749 a
1997 October 801 a 676 a 657 a 758 a 800 a 756 a
1998 October 854 a 747 a 697 a 803 a 861 a 808 a
1999 October 929 b 754 a 732 a 852 a 886 a 845 a
2000 October 898 a 816 a 782 a 905 a 975 a 908 a
2001 October 932 a 847 a 814 a 947 a 1,022 a 949 a
2002 October 1,019 b 861 a 848 a 969 a 1,045 a 975 a
2003 October 948 a 853 a 875 a 964 a 1,019 a 964 a
2004 October 970 a 886 a 868 a 972 a 1,030 a 973 a
2005 October 1,005 a 871 a 857 a 968 a 1,036 a 973 a
2006 October 1,029 a 882 a 869 a 983 a 1,054 a 989 a
2007 October 1,049 a 920 b 883 a 980 a 1,033 a 984 a
2008 October 1,069 b 909 a 891 a 1,003 a 1,087 a 1,014 a
2009 October 1,087 a 919 a 908 a 1,003 a 1,074 a 1,011 a
2010 October 1,110 b 980 a 919 a 1,033 a 1,098 a 1,040 a
2011 October 1,053 a 983 a 943 a 1,063 a 1,134 a 1,066 a
2012 October 1,172 b 1,009 a 959 a 1,086 a 1,180 a 1,102 a
2013 October 1,189 b 1,038 a 991 a 1,116 a 1,209 a 1,131 a
2014 October 1,219 b 1,064 a 1,021 a 1,148 a 1,243 a 1,163 a
2015 October 1,315 c 1,084 a 1,058 a 1,188 a 1,279 a 1,202 a
2016 October 1,272 a 1,139 a 1,095 a 1,222 a 1,308 a 1,233 a
2017 October 1,352 b 1,129 a 1,126 a 1,277 a 1,411 a 1,300 a
2018 October 1,358 b 1,156 a 1,183 a 1,356 a 1,468 a 1,363 a
2019 October 1,422 a 1,214 a 1,255 a 1,447 a 1,585 a 1,459 a
2020 October 1,558 b 1,279 a 1,341 a 1,511 a 1,644 a 1,528 a
2021 October 1,599 c 1,330 a 1,374 a 1,540 a 1,679 a 1,561 a
2022 October 1,662 b 1,386 a 1,464 a 1,644 a 1,777 a 1,660 a
2023 October 1,732 b 1,459 b 1,570 a 1,806 a 1,975 a 1,826 a
Notes:
  • The following letter codes are used to indicate the reliability of the estimates: a — Excellent, b — Very good, c — Good, d — Poor (Use with Caution))
  • ** — Data suppressed to protect confidentiality or data not statistically reliable
  • ++ — Change in rent is not statistically significant. This means that the change in rent is not statistically different than zero (0). (Applies only to % Change of Average Rent Tables).
Source: CMHC Rental Market Survey (opens in new window)