Good news for renters in the Greater Toronto Area! A recent shift in the market is putting tenants in a more advantageous position. After a period of rising rental costs, prices are now declining, and landlords are offering enticing incentives to attract tenants. These incentives include free months of rent, move-in bonuses, and waived fees.
According to Rentals.ca and Urbanation, average asking rents in Canada fell by 3.1% in 2025, with Toronto experiencing a decrease of around 5%. While affordability remains a concern, this trend offers renters more options and negotiating power. Experts predict this renter-friendly environment will continue, driven by increased rental housing starts and a more cautious approach from potential homebuyers. To delve deeper into the data and understand the full scope of this market shift, read the original article on TheStar.com.
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