
Ontario rent prices are dropping to lows not seen in years
Becky Robertson
created: Sept. 16, 2025, 7:29 p.m. | updated: Sept. 18, 2025, 3:38 a.m.
It's been months and months of bad news for Ontario property owners as home prices — and, by extension, rental rates — continue to slide further, resulting in, for some, massive losses.
New stats released this week show the continual downward trajectory of both the real estate and rental markets, especially in cities like Toronto, which has seen some of the largest declines.
According to listing platform Zumper, which published a market update on Monday, Toronto and other Ontario locales are leading the pack for price declines since this time last year.
The typical one-bedroom spot in the 6ix now goes for $2,200, compared to $2,100 in Halifax, N.S.
The most affordable of any Ontario metropolis listed is Windsor (where it is currently $1,410 for a one-bed and $1,660 for a two-bed).
3 weeks, 2 days ago: blogTO