33 Yorkville condos . The neighborhood with the biggest drop in rents is on Yang Street. Toronto Yonge St. And St Clair Ave. Community rent plunged 39% from the same period last year, making it the biggest drop in Toronto, while Vaughan was the city with the largest increase in monthly rent in the Greater Toronto area.Please Visit: 33 Yorkville condos to Get Your VVIP Registration Today!
Each Toronto community is ranked by average rent, annual change in average rent, and average rent per square foot for all property types.
Although rent prices throughout Toronto fell steadily during 2020, many communities are beginning to see prices stabilize.
At present, there are 14 communities in Toronto with an average rent of more than 2000 yuan per month. The most expensive community is Rosedale-Moore Park, which costs 2308 yuan, down 14% from the first four months of 2020. The second and third places are Palmerston-Little Italy and Dufferin Grove, with an average monthly rent of 2235 yuan and 2203 yuan respectively.
Yonge St. And St Clair Ave. Communities had the biggest decline in Toronto, down 39% from a year earlier. The community with the smallest decline in rents was High Park North, which fell by only 3 per cent.
In addition to ranking each Toronto community, the Toronto May 2021 Rental report also provides data on cities in the Greater Toronto area.
Among them, the average monthly rent in Wang City is as high as 2136 yuan, ranking first in the list. The report said that in April 2021, the average rental price of apartments in Wangshi surged by 9%, the biggest monthly increase. Pickering followed closely, with a monthly increase of 8.3% and rent of 1790 yuan. The monthly rent in Toronto has increased by less than 1%, and the cheapest is Whitby, with an average monthly rent of 1510 yuan.
According to the Canadian May Leasing report, Vancouver is still the most expensive city in Canada, followed by Toronto and Wanjin.