Rent in Toronto is on the decline for the third month in a row: report
National Rent Rankings for April 2024 (Rentals.ca)
The average price of rent in Toronto has declined for the third month in a row, according to a recent report by rentals.ca.
According to the April report, the average asking price for a Toronto rental apartment decreased in April and is now down 0.7 per cent month-over-month to an average $2,782.
The slowdown began in Oct. 2023 – the first time that the Toronto rental market lowered in cost since August 2021.
However, Toronto remains among one of the most expensive cities in Canada to live in for renters, ranking third below British Columbia cities Burnaby and Vancouver.
The report states that the average price of a one-bedroom apartment in Toronto is $2,489 a month, whereas a two-bedroom apartment will cost an average of $3,270, with a three-bedroom unit priced at $3,728 on average.
The decrease is in-part due to condominium apartment construction, with the report stating that completion reached a “record high” in February and March 2024.
In Vancouver, where rental units are the most expensive in Canada, one-bedroom apartments are currently costing tenants an average of $2,657 a month.
Burnaby is second on the list, with the average cost of one-bedroom apartments at $2,550.
April 2024 Rental Report (Rentals.ca)
The rentals.ca report includes 14 cities in Ontario on its 25 most expensive cities list, and six of those are in the Greater Toronto Area (GTA).
Nationwide, the asking rent in Canada increased by 8.8 per cent from the same time last year for $2,181. Since March 2020, the official start of the COVID-19 pandemic, rentals.ca found that rental costs across the country has increased by 21 per cent, or just over five per cent annually.
CTVNews.ca Top Stories
Israel launches strikes on military targets in Iran, escalating Mideast wars
Israel pounded Iran with a series of airstrikes early Saturday, saying it was targeting military targets in retaliation for the barrage of ballistic missiles the Islamic Republic fired upon Israel earlier this month. Explosions could be heard in the Iranian capital, Tehran, though there was no immediate information on damage or casualties.
'I did everything I could': Canada Post driver recounts helping save woman from fiery Tesla crash
Canada Post driver Rick Harper recounts how he and others helped save a woman from a Tesla that caught fire after crashing into a guardrail on Lake Shore Boulevard.
An abrupt goodbye to a guerilla goldfish aquarium beneath a leaky Brooklyn fire hydrant
A makeshift aquarium that popped up this summer in a puddle beneath a leaky fire hydrant in New York City has been paved over, to the dismay of neighbours who turned the area into a hangout spot and goldfish shrine.
Scotiabank confirms outage for mobile, online banking resolved
Scotiabank has confirmed outages affecting mobile and online banking services, according to a statement published to its X account.
Mother who beat and starved her 5-year-old son to death sentenced to over 50 years in prison
A New Hampshire woman was sentenced Friday to 53 years to life in prison in the death of her 5-year-old son, who was beaten, starved and exposed to drugs before his 19-pound body was found buried in a Massachusetts park in 2021.
Pizza inadvertently infused with THC sickens dozens in Wisconsin
Pizza inadvertently laced with THC has apparently sickened dozens of people in Wisconsin.
'Get away from your inner circle': Liberal MP 'shocked' PM didn't take more time to reflect on calls to resign
Longtime Liberal MP Wayne Long says Prime Minister Justin Trudeau should give more weight to the views of his backbenchers in determining his future leading the Party, rather than relying on those in his immediate orbit.
Mom and child jumped from a window to escape a Las Vegas fire that killed 2 children and 2 adults
Two adults and two children were found dead in the charred rubble of a house fire after a mother and another child jumped from a third-floor window to escape flames in a southwest Las Vegas neighborhood, authorities said.
Four arrested in Poland over alleged plot to send explosives via courier to Canada, U.S.
Polish authorities have arrested four individuals they allege planned to send parcels containing camouflaged explosives and dangerous materials to Canada and the United States, according to Poland’s government website.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
Montreal
-
'Intolerable': Educators at Quebec youth detention centre accused of having sex with minors
Quebec's social services minister says he's outraged by reports that educators at a detention centre for youth in Montreal had sexual relations with minor detainees — and that one of the employees allegedly had a baby with a teenage resident.
-
Minors charged after 4 teens stabbed outside Montreal high school
Two minors were in court Friday to face charges after four teenagers were stabbed outside a Montreal high school.
-
'Walking pneumonia' cases on the rise in Quebec
Infectious disease specialists are concerned about a rise in the number of 'walking pneumonia' cases and that the disease is appearing in younger children.
Ottawa
-
Nova Scotia teen charged in connection with threats against eastern Ontario Catholic high school
Ontario Provincial Police (OPP) say a 14-year-old boy from Bridgewater, N.S. is facing several charges in connection with threats made against a Catholic high school in eastern Ontario.
-
Ottawa police deem death of a woman in south end park a femicide
A Montreal man is charged with first-degree murder in connection to the stabbing death of a woman at a park in Ottawa’s south end on Thursday.
-
One person found dead in Perth, Ont., OPP investigating
Ontario Provincial Police are investigating after a body was found in Perth, Ont. Friday afternoon.
Northern Ontario
-
Cochrane plans to roll out $10 lot sale within two months
The Town of Cochrane plans to roll out its $10-lot program in a month or two.
-
Dumping raw sewage, leaving trailers in the same spot leads to $7K in fines west of Timmins
Two people – one from Timmins, the other from Kapuskasing -- have been fined more than $7,000 for camping violations, including empty septic tanks directly onto the ground.
-
New annual funding aims to improve Indigenous learning in Ontario
The federal government is spending a significant amount of money to improve Indigenous student learning across Ontario.
Kitchener
-
'Violence is not good': UW stabber apologizes at end of sentencing hearing
Geovanny Villalba-Aleman, the man who stabbed three people in a gender studies class at the University of Waterloo, says he ‘acted dumb’.
-
Erick Buhr cross-examined on the stand at his second-degree murder trial
All the evidence has now been called at the trial of Erick Buhr, who has pleaded not guilty to second degree murder in the death of his grandmother, Viola Erb.
-
Smoke seen billowing from waste management site in Waterloo
Residents spotted smoke coming from a waste management site in Waterloo on Friday afternoon.
London
-
Worlds collide: Why encampments may be setting up closer to residential neighbourhoods
A new staff report calls for homeless encampments to be allowed even closer to residential neighbourhoods, reducing the buffer zone from 100 metres to 25 metres.
-
Overdoses due to substance distributed for free prompts warning from London police
London police have issued a warning to the public following an increased number of overdoses in the area of Queens Avenue and Adelaide Street North.
-
Knights claim overtime win on home ice against Bulldogs
The London Knights picked up an overtime win at Canada Life Place Friday night.
Windsor
-
Windsor police investigating suspicious death
The Windsor Police Service is investigating a suspicious death in south-central Windsor.
-
'They were very special to us': Harrow school memorializes students and mother tragically killed
A Harrow school is memorializing two students and their mother, who were tragically killed in June.
-
New bridge means new opportunities for Windsor-Detroit cyclists
The Gordie Howe International Bridge will serve as a new crossing for vehicles, but many walkers and cyclists are also excited about the opportunity to access the U.S. in a different way.
Barrie
-
Heavy police presence in Huntsville
Provincial police say there is an active investigation going on in the Town of Huntsville.
-
High school soccer game called off after 'verbal and physical exchanges'
Several students have been banned from being spectators at school sporting events, and others suspended from school, after verbal and physical exchanges at a high school soccer game.
-
South Simcoe police veteran facing discreditable conduct charges amid sex assault allegation
A 15-year veteran officer with the South Simcoe Police Service has been charged with discreditable conduct following an allegation of sexual assault.
Winnipeg
-
Sleeping U of M student attacked in her dorm, Winnipeg police searching for suspect
Winnipeg police are looking for a suspect after a woman's dorm room was broken into at the U of M and she was assaulted.
-
Repairs to The Forks historic rail bridge could cost $10M
Repairs to the historic 110-year-old rail bridge at The Forks could come with a multi-million dollar price tag.
-
Mechanical condition of car not a factor in crash that killed 59-year-old man: Manitoba RCMP
Manitoba RCMP are providing an update to a crash on Highway 1 that killed one person on Wednesday.
Atlantic
-
'We cannot thank you enough': GoFundMe for family of Halifax Walmart employee hits $190K
The GoFundMe page for the family of an employee found dead at a Halifax Walmart last weekend has paused donations after almost $200,000 was raised in roughly 24 hours.
-
Nova Scotia teen charged in connection with threats against eastern Ontario Catholic high school
Ontario Provincial Police (OPP) say a 14-year-old boy from Bridgewater, N.S. is facing several charges in connection with threats made against a Catholic high school in eastern Ontario.
-
Halifax tent encampment one week away from eviction day
Eviction day is one week away and the number of tents in the median of University Avenue in Halifax is steadily decreasing ahead of the city-imposed deadline.
N.L.
-
Remains of missing Kansas man found at scene of western Newfoundland hotel fire
Investigators found the remains of a 77-year-old American man on Wednesday at the scene of a fire that destroyed a hotel in western Newfoundland earlier on the weekend.
-
77-year-old Kansas man missing after hotel fire in western Newfoundland
Police in western Newfoundland say a 77-year-old man visiting the province from Kansas is missing after a fire at a hotel in Deer Lake, N.L.
-
83-year-old Newfoundland musician still playing sold-out shows, even with memory loss
At 2 p.m. on Thursday, the scene at the Lions Club in Clarenville, N.L., rivalled any rowdy St. John's bar that thumps with music late on a weekend night.
Edmonton
-
Former Alberta teacher sentenced to 4 years for sexually assaulting student
A former Alberta teacher has been sentenced to four years for sexually abusing a student.
-
2nd person charged in stabbing death of man found on Edmonton sidewalk
A second person has been charged in connection with the death of a man in the Kingsway area earlier this year.
-
Alberta government lays out priorities for the fall legislative session
The Alberta legislature is set to reconvene on Monday and the Danielle Smith government will be providing more details about its plans for the session.
Calgary
-
Alberta government lays out priorities for the fall legislative session
The Alberta legislature is set to reconvene on Monday and the Danielle Smith government will be providing more details about its plans for the session.
-
Fatal traffic incident in northeast Calgary
A person is dead in the aftermath of a traffic incident in Calgary's northeast on Friday evening.
-
Man who died in Calgary police custody was properly cared for: ASIRT report
An investigation into the death of a man in Calgary police custody earlier this month has concluded that officers did not contribute to his death and that he was cared for properly.
Regina
-
Riders prepare for unique season finale that could result in bye to West Final
Saturday will mark the end of the CFL regular season, and the Saskatchewan Roughriders will have their eyes on Winnipeg’s matchup versus Montreal to know if they have a chance of clinching the West Division.
-
City of Yorkton launches new housing incentive program
With an attempt to address the shortage of housing available in the community, the City of Yorkton has started a housing incentive program where new builders will receive a 50 per cent rebate on residential lots, and a full tax exemption for five years.
-
How will ballots be counted for the Saskatchewan election?
As the final day of voting for the Saskatchewan election inches closer, voters may be wondering when official winners will be declared.
Saskatoon
-
'I'm very, very scared for his health': Sask. mom worried child might die before surgery
A Saskatchewan woman is worried her child might die before receiving life-saving surgery and tests as he sits on the province's surgical waitlist.
-
Saskatchewan RCMP release names of two arrested after widespread search
The Saskatchewan RCMP is releasing the names of two suspects arrested on Thursday for a violent vehicle theft that triggered a widespread police search.
-
Saskatchewan forensic investigators unable to identify remains in autopsy
Police have still not confirmed the identity of a body discovered in Prince Albert last week.
Vancouver
-
B.C. election: Final count begins Saturday, will add roughly 66K votes to total, Elections BC says
The final count of ballots in the 2024 B.C. election begins Saturday, with more than 66,000 mail-in and absentee votes potentially yet to be counted across the province's 93 electoral districts.
-
Tempers flare at B.C. ferry terminal as 'assured loading' customers bypass standby crowd
There were tense moments at a ferry terminal outside Victoria, B.C., on Friday after the lion’s share of standby spots on an early sailing were claimed by “assured loading” passengers – leaving regular customers who had been waiting for hours out of luck.
-
Condo owners looking to cash in on Taylor Swift mania in Vancouver
The countdown to the arrival of Taylor Swift’s Eras Tour is on, with three dates planned in Vancouver this December - and some condo owners are looking to cash in on the fan frenzy.
Vancouver Island
-
B.C. election: Final count begins Saturday, will add roughly 66K votes to total, Elections BC says
The final count of ballots in the 2024 B.C. election begins Saturday, with more than 66,000 mail-in and absentee votes potentially yet to be counted across the province's 93 electoral districts.
-
Tempers flare at B.C. ferry terminal as 'assured loading' customers bypass standby crowd
There were tense moments at a ferry terminal outside Victoria, B.C., on Friday after the lion’s share of standby spots on an early sailing were claimed by “assured loading” passengers – leaving regular customers who had been waiting for hours out of luck.
-
Island's first trauma-informed, Indigenous-specific child-care centre opens in Colwood
Hulitan Early Years Centre is a brand new, 48-seat childhood learning centre in Colwood. It was built to support Indigenous children throughout the capital region.
