The price point can afford Ontarians two- and three-bedroom homes in cities outside of Toronto.
Rental listing prices in Toronto overall increased by about 23 per cent year-over-year, with two-bedroom units asking for approximately $3,300 and three-bedrooms averaging more than $3,800, according to the report.cities in the country. How much more affordable are other cities in Southern Ontario?This three-bedroom, two-bathroom unit in a house was leased last month for $2,500 in Hamilton’s Stipley neighbourhood.
The price tag is actually slightly higher than that of the average three-bedroom home in the city. As of February, three-bedroom rentals in Hamilton were asking for about $2,400 per month, according to the rental report.In February, this detached house with three bedrooms and 1.5 bathrooms in downtown London was leased for $2,550 per month.
Across the city, the average three-bedroom home now costs slightly more to rent — approximately $2,600 — according to the national report.Within walking distance to Kempenfelt Bay stands this three-bedroom, one-bathroom detached house. It was leased in February for $2,500.
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