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Rental Affordability Continues To Be a Challenge in the Greater Toronto Area

Tenant Turnover During the Pandemic Fuels Unsustainable Rent Growth

Affordable apartment building at 110 River St. in Toronto's Regent Park neighborhood. (CoStar)
Affordable apartment building at 110 River St. in Toronto's Regent Park neighborhood. (CoStar)

Rental demand surged in Toronto in 2022, amid a perfect storm of increased immigration, the return of foreign students, strong job growth and an increased cost of homeownership in the Greater Toronto Area.

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