RENTING A PLACE TO LIVE IN TORONTO ISN’T FOR THE FAINT OF HEART – SOME STATISTICS FROM ‘NOW’

$1,803
The average rent for a one-bedroom condo
Less than 1%
The current vacancy rate. A healthy rental market requires a rate of 3 to 5%
47%
TORONTO residents who spend more than 30% of their income on housing
47%
TORONTO households that are renters
120 days
Advance notice a landlord is required to give a tenant for renovations
1.8%
Provincial increase guideline for 2019
40,000
The number of affordable rental units Mayor John Tory promises to build in 12 years

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