The latest national rent report from Zumper outlines sharp annual declines in rent prices for one-bedroom units in Toronto, Barrie, and London. Toronto experienced the greatest annual decline in one-bedroom rent prices, dropping by 9.6 per cent year-over-year to $2,170. Toronto also witnessed the steepest nationwide decline in two-bedroom rent prices, dropping 11 per cent year-over-year to an average of $2,760. Two more Ontario cities came in second and third place in annual rent declines. Barrie ranked second nationwide in annual rent declines for one-bedroom apartments, with a year-over-year decline of 8.2 per cent, bringing the average rent to $1,800 per month.