Av­er­age rent for one-bed­room over 2K

Metro Canada (Toronto) - - TORONTO -

Fall is not bring­ing any re­lief to Toronto renters, ac­cord­ing to one data source.

Av­er­age rent for a one-bed­room apart­ment has hit the $2,000 mark, ac­cord­ing to apart­ment find­ing web­site PadMap­per.

The site an­a­lyzed 5,418 list­ings in Toronto and found the av­er­age rent was up 5.26 per cent in Septem­ber, com­pared to Au­gust, for one-bed­room apart­ments.

Stu­dios were up al­most 27 per cent to $1,650, and two-bed­rooms were up six per cent to $2,650.

In July, a sep­a­rate study by condo mar­ket re­search firm Ur­ba­na­tion found the av­er­age Toronto apart­ment rent rose 11 per cent year-over-year to $2,000.

At the time, Ur­ba­na­tion pres­i­dent Shaun Hilde­brand linked the in­crease to the On­tario gov­ern­ment’s new hous­ing mea­sures in­tro­duced in April.

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