SOME TORONTO RENTAL HOUSING NUMBERS – FROM NOW MAGAZINE, SEPTEMBER/2018

The current vacancy rate in TORONTO – 1% A healthy rental market would have a vacancy rate of 3 to 5%
$1,803 is the average rental fee for a one-bedroom apartment in the city.
47% of Torontonians are renters.
120 days is the advance notice required by a landlord to tenants for building renovations.
TORONTO renters spend more than 30% of their income on housing.
Mayor JOHN TORY is promising to build 40,000 additional rental units in the next 12 years.

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