Renting

Renting

These Are the Most-Viewed Rentals in the Greater Toronto Area

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Over the past year, fast-moving market dynamics, including high inventory and significant price adjustments, have given renters in the Toronto area more options than ever before.

To put this into perspective, the downtown core has been hit the hardest, with decreases of over 20% to 25% annually in many areas, while the “outer-416” area of Toronto, which includes a lot of older apartment stock, has seen annual declines primarily in the range of 2% to 9% annually, according to Rentals.ca. However, there are now signs that the declines felt throughout the GTA are starting to cool off and that the market is returning to pre-covid levels.

As such, renters have negotiating power and more options now, which was typically unheard of before COVID took hold. And while rents in Toronto are still relatively high compared to the rest of the Canadian real estate market, it is a welcomed relief for renters who have been paying sky-high prices for the opportunity to reside in Canada’s largest city.

That being said, with prices in the downtown core still relatively high, renters are turning to areas outside of the city for more affordable — and spacious — options.

READ: The GTA Rental Market is Starting to Resemble its Pre-COVID Level

To get a better understanding of what units renters are eyeing up these days and where they want to live, we’ve rounded up the most-viewed rentals in the Greater Toronto Area (GTA) — which includes Mississauga, Oakville, Etobicoke, Milton, Brampton, North York, East York, Scarborough, Markham, and Oshawa — from June 30 to July 14, according to data from our friends at Rentals.ca.

The data is broken down into different rental unit segments, including apartments and condos, and then broken down by 1, 2, and 3+ bedroom units. The 3+ units for rent are for any type (house, condo, townhome and apartments).

Most Viewed 1-Bedroom Apartment: 237 Melrose Street

rentals
237 Melrose Street/Rentals.ca
  • Location: Etobicoke
  • Specs: 1-bedroom, 1-bathroom, 550-sq.ft
  • Price: $1,750
  • Property Type: Apartment
  • Description: This 1-bedroom unit was recently renovated and now features quartz countertops, stainless steel appliances, and new window coverings. The unit also has a balcony and a storage room and parking for one vehicle, which is rare for rentals. The building itself is located close to a nearby GO Station and all utilities are included except for hydro.
Other sought-after 1-bedroom apartment options:

Most Viewed 2-Bedroom Apartment: 80 South Forster Park Drive

rentals
80 South Forster Park Drive/Rentals.ca
  • Location: Oakville
  • Specs: 2-bedroom, 1-bathroom, 700-sq.ft
  • Price: $1,699
  • Property Type: Apartment
  • Description: This beautifully renovated, 2-bedroom apartment is bright and spacious and offers the future tenant ample space to live comfortably. The apartment building is located in central Oakville between Lakeshore and Oakville GO, with easy access to the QEW. As an incentive for tenants, the building is offering six free months of parking for new renters.
Other sought-after 2-bedroom apartment options:

Most Viewed 1-Bedroom Condo: 275 Village Green Square

rentals
275 Village Green Square/Rentals.ca
  • Location: Scarborough
  • Specs: 1.5-bedroom, 2-bathroom, 680-sq.ft
  • Price: $1,849
  • Property Type: Condo
  • Description: This spacious unit is located in a Tridel building that was built in 2020. The unit features a bedroom and a den, two full washrooms, new stainless steel appliances, ensuite laundry, and one parking spot is included. Additional highlights of the unit include granite countertops, a balcony, air conditioning, and laminate flooring.
Other sought-after 1-bedroom condo options:

Most Viewed 2-Bedroom Condo: 8 Nahani Way

rentals
8 Nahani Way/Rentals.ca
  • Location: Mississauga
  • Specs: 2-bedroom, 2-bathroom, 800-sq.ft
  • Price: $2,500
  • Property Type: Condo
  • Description: This 2-bedroom, 2-bath condo is excellent for someone looking to live with a roommate or work from home. The unit is filled with ample light and has a balcony featuring city views. Notable highlights include stainless steel appliances, hardwood flooring, spacious rooms, and it’s available for a new tenant immediately.
Other sought-after 2-bedroom condo options:

Most Viewed 3+ Bedroom Units: 131 Chisholm Avenue

rentals
131 Chisholm Avenue/Rentals.ca
  • Location: East York
  • Specs: 3-bedroom, 2-bathroom, 1,200-sq.ft
  • Price: $1,845
  • Property Type: House
  • Description: This spacious 3-bedroom home is great for a family or a group of friends and features stainless steel appliances, formica countertops, laminate flooring, and ensuite laundry. The home is close to Kingston Road, Woodbine Station, public schools, shopping, and much more.
Other sought-after 3+ bedroom options:

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