Ontario has become one of the most expensive provinces to live in. RBC Economics report shares that housing affordability is “overstretched” in Ontario, but what about the rent? Several factors will affect your monthly dues, especially the city in which you live.
Online Rental Portal, Rentals.ca shared its latest rent report for January 2023 and we focused on the average cost of a one-bedroom unit in 11 different cities across Ontario.
According to the site, the most expensive city in Ontario right now for a one-bedroom unit is Etobicoke. His average rent is $2,828. Toronto is not far behind with an average monthly rent of $2,476. Mississauga ranks third with $2,193.
Recent Posts:
Porter Airlines is offering $1 flights and $150 vouchers on its new routes
These Airbnbs have been named the best new places to stay in Ontario
These numbers exceed the average posted rent across Ontario, which is $2,139 for a one-bedroom apartment. According to the report, the province has seen an increase of about 15% in just one year for bachelor and one-bedroom units.
Here’s where other cities land in terms of the average monthly rent for a one-bedroom unit in Ontario:
- Etobicoke – $2,828
- Toronto – $2,476
- Mississauga – $2,193
- Scarborough – $2,037
- Brampton- $1,968
- Kitchener – $1,968
- Ottawa – $1,956
- Barrie- $1,905
- London – $1,817
- Oshawa- $1,807
- Hamilton – $1,790
Hamilton is looking really good right now…
curiosity stick
With a curated list of what matters in your city, Curiocity brings you the most relevant local food, experiences, news, offers and adventures. We help you get the most out of your city and focus on the easy-to-miss details so you’re always in the know.
Comments are closed.