Toronto just climbed the rankings for most expensive cities to rent in Canada

Toronto has regained its position as the second most expensive city for renters in Canada, after Vancouver. Rent prices in Toronto have slightly decreased, but nationally, they have increased by 10.5% compared to last year. The cost of renting a one-bedroom apartment in Toronto is $2,495, and a two-bedroom is $3,287. Rent prices have risen due to higher interest rates and population growth.