This is how much the average rent in Ontario rose in July
The cost of renting a home in Ontario rose more than almost every other province in Canada last month, according to a new national analysis of online listings.
The latest National Rent Report, released this week by Rentals.ca and Bullpen Research and Consulting, found Ontario ranked second when it comes to the highest average rent for all types of dwellings in July.
The only province that surpassed Ontario was British Columbia with a 19 per cent year-over-year increase.
In Ontario, the average residential rental climbed to $2,332 a month in July, marking a 3.1 per cent monthly increase and a 15.2 per cent annual bump.
A LOCAL LOOK
Overall, the average rent in central Toronto rose 24 per cent year-over-year in July.
For a one-bedroom unit, rent sat at $2,257 in July, marking a 21.6 per cent year-over-year increase in Toronto.
For a two-bedroom apartment, that increase climbed 25 per cent to $3,259.
The month-over-month average rent in the city saw a four per cent increase for a one-bedroom and 7.8 per cent for a two-bedroom.
While downtown Toronto is notorious for its expensive rental units, three of its former townships, Etobicoke, North York and Scarborough, also saw significant rent increases in July.
In Etobicoke, the average cost of renting a one-bedroom unit reached $2,007 in July and $2,582 for a two-bedroom
Year over year, that marks an 11.5 per cent increase for a one-bedroom in Etobicoke and a 9.3 per cent increase for a two-bedroom.
Over in North York, renters paid on average $1,913 for a one-bedroom last month and $2,469 for a two-bedroom suite.
Year over year, average monthly rent in July rose 14.6 per cent for a one-bedroom in North York and up 21.9 per cent for a two-bedroom.
Eastward, in Scarborough, the cost of renting a one-bedroom was $1,635 in July. Rent for a two-bedroom unit came in at $2,133.
Year over year, rent went up 3.1 per cent for a one-bedroom in Scarborough and 15.2 per cent for a two-bedroom.
The study found tenants in other parts of the GTA are also paying significantly higher rent.
In Mississauga, a one-bedroom went for $1,862 last month, while the rent for a two-bedroom came in at $2,394.
Year over year, rent rose 6.2 per cent for a one-bedroom in Mississauga and 12.4 per cent for a two-bedroom.
In Vaughan, a one-bedroom suite was $1,825 last month. Rent for a two-bedroom topped $2,396.
Year over year, that marks a 7.4 per cent increase for a one-bedroom in Vaughan and 12.5 per cent for a two-bedroom. Month over month, average rent in Vaughan was up 5.6 per cent for a one-bedroom and up 8.1 per cent for a two-bedroom.
Brampton tenants paid $1,772 for a one-bedroom apartment in July and $2,388 for a two-bedroom unit.
Year over year, rent increased 13.8 per cent for a one-bedroom in Brampton and was up 33.2 per cent for a two-bedroom. Month over month, average rent in Vaughan was up 9.6 per cent for a one-bedroom and up 16.4 per cent for a two-bedroom.
Lastly, in Oshawa, the average cost of renting a one-bedroom unit was $1,626 and $1,953 for a two-bedroom.
Year over year, that marks a 8.1 per cent jump for a one-bedroom in Oshawa and 16.8 per cent for a two-bedroom.
Outside of the GTA, monthly rent inflation rose from 24 per cent to 26 per cent in London, Hamilton and Kitchener.
CTVNews.ca Top Stories
Orca calf that was trapped in B.C. lagoon for weeks swims free
An orca whale calf that has been stranded in a B.C. lagoon for weeks after her pregnant mother died swam out on her own early Friday morning.
King Charles' cancer treatment progressing well, says Buckingham Palace
King Charles III’s doctors are 'sufficiently pleased' with his cancer treatment and he is expected to return to public-facing duties, Buckingham Palace announced on Friday.
AFN chief says Air Canada offered a 15% discount after her headdress was mishandled
After the Assembly of First Nations' national chief complained to Air Canada about how staffers treated her and her ceremonial headdress on a flight this week, she says the airline responded by offering a 15 per cent discount on her next flight.
Sophie Gregoire Trudeau on navigating post-political life, co-parenting and freedom
Sophie Gregoire Trudeau says there is 'still so much love' between her and Prime Minister Justin Trudeau, as they navigate their post-separation relationship co-parenting their three children.
DEVELOPING Bird flu outbreaks: WHO weighs in on public health risk
The current overall public health risk posed by the H5N1 bird flu virus is low, the World Health Organization said on Friday, but urged countries to stay alert for cases of animal-to-human transmission.
76ers All-Star centre Joel Embiid says he has Bell's palsy
Philadelphia 76ers All-Star centre Joel Embiid has been diagnosed with Bell’s palsy, a form of facial paralysis he says has affected him since before the play-in tournament.
Island near Mull of Kintyre for sale for US$3.1 million
An idyllic 453-acre private island is up for sale off the west coast of Scotland and it comes with sandy beaches, puffins galore, seven houses, a pub, a helipad and a flock of black-faced sheep.
Regina police officer injured after being accidentally shot by fellow officer's gun
An investigation is underway after a Regina police officer was accidentally shot by a fellow officer’s gun during the search of a house early Friday morning.
Taylor Swift dons Montreal designer's dress in 'Fortnight' video
A pair of Montreal designers' work has now been viewed over 41 million times. Taylor Swift dons a Victorian throwback black gown in her latest music video, 'Fortnight', designed by UNTTLD due Simon Belanger and Jose Manuel Saint-Jacques.