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How Many Months Of Rent Equal A Down Payment In Toronto Neighbourhoods

Updated: Jul 18

Condos are consistently the most affordable housing type in Toronto, but rent for those same properties has skyrocketed over the last year.

According to the latest data from the Toronto Regional Real Estate Board (TRREB), the average one bedroom condo apartment in the city cost $2,503 per month in Q4 2022, a 19% annual increase. The average rent for a two bedroom jumped 14.1% year over year, to $3,178.

By Zoe Demarco at Soreys

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