The cost of rent in downtown Toronto is now cheaper than elsewhere in the GTA

Image by Scott Webb from Pixabay

The two markets saw vastly different trends in 2020, with high demand and competition leading to bonkers sales volumes in the housing market, and a glut of former Airbnbs coming onto the long-term rental market and lowering average prices — so much so that it's actually more expensive to be a tenant in other parts of the GTA than it is in Toronto proper right now.

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