Toronto Rent Report – March 2025

Here's a summary of the rental market report for the GTA area in March 2025 based on the latest information:

• City of Toronto: The average monthly rent for an unfurnished one-bedroom apartment in Toronto saw a year-over-year decrease of $140, reaching an average of $2,133 in March 2025.

  
  

  

  
  

• GTA Overall: Apartments remain the most common rental property type in the GTA, representing 79.31% of all listings. Houses are the second most common at 9.52%.

• Demand: The rental market in Toronto remains active, with a surge in demand for condominium rentals. Leased condo units increased by 13% year-over-year in February 2025 and are almost 50% above the five-year average for this time of year.

• Rental Rates: Despite strong demand, rental rates for condos are on a downward trend as supply growth is outpacing leasing activity. Condo rents have fallen 4% year-over-year and are down 12% from their peak in August 2023.

• Broader Trends: Across Canada, both Toronto and Vancouver have experienced significant year-over-year decreases in average one-bedroom rent.

• Looking Ahead: There is still high demand for affordable and family-sized units, with three-bedroom apartments showing the strongest demand.

  
  

  

  
  

  

  
  
  
  

You can find more detailed information in these reports:

• March 2025 Toronto Rent Report | liv.rent blog: https://liv.rent/blog/rent-reports/march-2025-toronto-rent-report/