Primary Rental Market
Summary Statistics

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Ontario — Historical Rental Market Statistics Summary

  Vacancy Rate (%) Availability Rate (%) Average Rent ($) Median Rent ($) % Change Units
1990 October 1.4 a ** 576 a 550 a ** 646,833
1991 October 2.2 a ** 609 a 575 a 5.6 a 655,307
1992 October 2.6 a ** 630 a 600 a 4.2 a 652,205
1993 October 2.8 a ** 647 a 622 a 3.3 a 651,275
1994 October 2.4 a ** 659 a 637 a 2.2 a 652,917
1995 October 2.4 a ** 672 a 650 a 2.4 a 651,170
1996 October 3.1 a ** 681 a 654 a 1.7 a 647,960
1997 October 2.9 a ** 685 a 660 a 1.5 a 650,832
1998 October 2.6 a ** 718 a 695 a 4.4 a 649,449
1999 October 2.1 a ** 742 a 715 a 3.6 a 647,974
2000 October 1.7 a ** 790 a 755 a 6.7 a 647,094
2001 October 1.7 a ** 820 a 790 a 4.7 a 647,905
2002 October 2.7 a ** 842 a 814 a 2.8 a 646,838
2003 October 3.5 a ** 842 a 824 a 1.3 a 650,524
2004 October 4.1 a ** 852 a 825 a 0.7 a 657,297
2005 October 3.8 a 5.8 a 858 a 825 a 0.8 a 655,893
2006 October 3.4 a 5.3 a 871 a 840 a 1.4 a 659,042
2007 October 3.4 a 5.1 a 878 a 850 a 1.7 a 658,132
2008 October 2.7 a 4.4 a 901 a 855 a 1.9 a 658,046
2009 October 3.6 a 5.6 a 906 a 865 a 2.0 a 660,737
2010 October 2.9 a 4.8 a 930 a 892 a 1.8 a 659,347
2011 October 2.2 a 3.9 a 952 a 905 a 1.8 a 662,434
2012 October 2.5 a 4.2 a 981 a 935 a 2.8 a 663,400
2013 October 2.6 a 4.3 a 1,007 a 954 a 2.7 a 662,900
2014 October 2.3 a 3.8 a 1,031 a 978 a 2.1 a 664,519
2015 October 2.5 a 4.1 a 1,066 a 1,009 a 3.0 a 667,928
2016 October 2.2 a 3.7 a 1,095 a 1,040 a 3.0 a 672,837
2017 October 1.6 a 2.9 a 1,146 a 1,095 a 3.8 a 682,053
2018 October 1.8 a ** 1,203 a 1,137 a 4.8 a 689,320
2019 October 2.0 a ** 1,277 a 1,200 a 6.1 a 693,515
2020 October 3.2 a ** 1,347 a 1,278 a 4.9 a 703,962
2021 October 3.4 a ** 1,395 a 1,330 a 2.8 a 709,341
2022 October 1.8 a ** 1,474 a 1,400 a 6.0 a 724,435
2023 October 1.7 a ** 1,609 a 1,500 a 8.1 a 717,887
2024 October 2.7 a ** 1,666 a 1,580 a 4.0 a 743,904
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)