Toronto's Rental Crisis: Can Anyone Afford $2400 for a 1BR?

Posted by Matt80_054902 • November 7, 2026 • 6 comments

How is anyone affording rent in Toronto anymore? I just lost my 5th apartment to a cash bidding war. The average 1BR rent hit $2400 - this feels unsustainable. Even Jane & Finch is pushing $2200, and my salary just can't keep up with these outrageous price increases.