Ontarians on the Move, 2021 Edition. #8 — Rents skyrocketed across Ontario as the population of young people increased

Nominal Dollar Rents for 2-Bedroom Apartments, 43 Ontario Communities

Real Dollar Rents for 2-Bedroom Apartments, 43 Ontario Communities

Figures are in Real 2010 dollars.
  • Unweighted by community size, the average after-inflation rent increase was $36 from 2010–15 and $96 from 2015–20.
  • In 2010–15, 9 communities saw real rents fall. In 2015–20 only 2 communities experienced falling real rents (Hawkesbury, Haldimand).
  • 37 of 43 communities saw greater rent increases in 2015–20 than in 2010–15. Of the 6 that did not, only one is relatively proximate to Toronto (Barrie. Next closest is Haldimand.)
  • In 2010, only 3 communities had average real rents (for these apartments) of over $1000. By 2020, 14 did (in real 2010 dollars). Those 14 communities experienced a real rent increase of $51 in 2010–15 and $141 in 2015–20. Those communities are a combination of big cities, cottage country locations, college towns, and cities that have become bedroom communities for Toronto.
Figures in Real 2010 dollars.

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Mike Moffatt

Mike Moffatt

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Senior Director, Smart Prosperity. Assistant Prof, Ivey Business School. Exhausted but happy Dad of 2 wonderful kids with autism. I used to do other stuff.