Although Toronto is known for some of the highest real estate prices in the country, the current market seems to be trending downwards. According to liv.rent’s April 2025 Toronto Rent Report, the average rent dropped about $130 since last year, and $7 since just last month. Now the average rent for a one bedroom apartment is $2,126, a 0.33% decrease from last month, even without furnishings.
Right now, Toronto isn’t even in the top 5 most expensive cities to rent in, with Vancouver, Richmond, and Coquitlam taking the top spots.
The Issue With Lower Rent
This is great news for renters, but landlords may have trouble with the market trends.
Another liv.rent report states that two-thirds of landlords in Canada are actually not making a profit on their properties, even as a similar percentage of renters say that they are being charged too much.
Less Renters, More Competition
Currently, the reason there are lower rent prices is due to a rising trend of emigration from Ontario. As more non-permanent residents leave the province, the number of vacant properties increases. To remain competitive, landlords are not only lowering their rents but also providing incentives such as free utilities and no rent payments for the first one or two months, making it even harder to earn a profit.
Keep Your Properties Competitive With Toronto Furnished Living
Trying to keep your property appealing and affordable to renters while ensuring fair returns can be challenging. We at Toronto Furnished Living help landlords earn a steady income off their properties regardless of vacancy, alleviating the stress of competing in the rental market.
The Benefits We Provide
If you decide to partner with us, we will fully furnish your unit, making it easier for potential tenants to move in for the short term or long term. In addition, we will cover utilities, making your property more attractive to renters with less of the expense. Any repairs and maintenance will also be handled by us, guaranteeing savings on your end. With previous clients, we have been able to save up to $1,850 per rented property on maintenance.
We will also continue to monitor market trends to help you get the most profit out of your property. In these uncertain economic times, it can be difficult to keep on top of the latest news. With 20 years of experience offering rental apartments in Toronto, we know how to navigate the industry and will gladly offer our expertise. You can rely on us to be your trusted partner in Toronto’s rental space.
