Ontario has change into some of the costly provinces to reside in. A latest RBC Economics report shares that housing affordability is “overstretched” in Ontario however what about with regards to hire? There are a number of components that can have an effect on your month-to-month dues, particularly town wherein you reside in.
On-line renting portal, Leases.ca has shared its newest 2023 hire report for January and we centered on the common price of a one-bedroom unit in 11 completely different cities throughout Ontario.
Based on the positioning, the costliest metropolis in Ontario for the time being for a one-bedroom unit is Etobicoke. Its common hire is available in at $2,828. Toronto isn’t far behind with a median month-to-month hire of $2,476. Mississauga falls in third at $2,193.
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These numbers surpass the common listed hire general in Ontario which stands at $2,139 for a one-bedroom. Based on the report, the province has seen a few 15% enhance in only a yr for each studios and one-bedroom models.
Right here’s the place different cities land by way of common month-to-month hire for a one-bedroom unit in Ontario:
- Etobicoke – $2828
- 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 wanting very nice proper about now…
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