Rental market
Toronto rental market
Rents and vacancy from CMHC's annual Rental Market Survey (purpose-built rentals, October) and Statistics Canada's quarterly experimental asking and paid rent estimates.
Rental vacancy rate
3.00%
+0.5 pts vs prior year
October 2025 survey · CMHC
Purpose-built apartments (6+ units); annual October survey.
Average rent, 2-bedroom
$2,045
+3.7% vs prior year
October 2025 survey · CMHC
Purpose-built rentals (row and apartment, 3+ units); annual October survey.
Asking rent, 2-bedroom apartment
$2,650
−0.7% vs 12 months earlier
Apr 1, 2026 · Statistics Canada
Experimental estimate from new listings; not what sitting tenants pay.
Paid rent, 2-bedroom apartment
$2,160
+3.3% vs 12 months earlier
Apr 1, 2026 · Statistics Canada
Experimental estimate of rent paid by all renter households.
Average rent by unit size (CMHC, 2025 survey)
| Unit | Average rent |
|---|---|
| Bachelor | $1,491 |
| One bedroom | $1,761 |
| Two bedroom | $2,045 |
| Three bedroom | $2,294 |
Asking vs paid rent (Statistics Canada, experimental)
Asking rents come from new listings; paid rents cover all renter households, including long-term tenants.
| Apartment | Asking | Paid | Reference |
|---|---|---|---|
| 1 bedroom | $2,090 | $1,840 | Apr 1, 2026 |
| 2 bedrooms | $2,650 | $2,160 | Apr 1, 2026 |