The GTA rental market is shifting in favour of tenants, with increased incentives and lower prices becoming more common. After a post-pandemic surge, rising vacancy rates and a surge in new rental construction are giving renters more options and negotiating power. According to Rentals.ca and Urbanation, average asking rents in Canada fell 3.1% in 2025, with Toronto seeing a 5% drop in December alone. This trend is expected to continue as more apartment completions come online. While affordability remains a concern, renters are now able to prioritize location and amenities. Experts suggest locking in rent-controlled units while prices are lower. For more detailed insights into the GTA rental market, read the full article on BNN Bloomberg.
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