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6 facts that will make you feel better about renting in Toronto

Renting in Toronto has its drawbacks. We pay a ton of money for very small spaces, and we often have to compete against dozens of people for even the most average apartments.

We love complaining about renting in Toronto, but the bright side is it’s not all that bad. To help you clear your TO renting blues, here are 6 facts that will make you feel better about renting in Toronto.

$4,081 – The average rent for an apartment in NYC. In Toronto, it’s $1,200. Source: The Guardian

12.8% – The rate by which rents in San Francisco rose last year. Toronto instated a rent increase cap of 1.6% for 2016. Source: Forbes

0.6% – The rental vacancy rate in Victoria at the end of 2015. Toronto’s was about 1.7%. Source: CBC

$7,500+ – The reported average rent in Hong Kong for a 3-bedroom apartment. WTF. Source: InterNations

45% – The amount by which rents in some Berlin neighbourhoods increased in a single year. Source: Die Welt

4 – The number of women who are not allowed to rent an apartment together in University City, Missouri. Source: DumbLaws

While renting is expensive and apartments are hard to come by here, it could always be worse. Plus, we live in a pretty sweet spot with some awesome culture, food, activities and opportunities. So really, it’s not all bad.

What’s your favourite/least favourite thing about renting in Toronto?

Erin Cardone: Born on the Prairies, Erin Cardone grew up knowing there was more to life than canola fields and AAA Alberta Angus. So she escaped, living in Europe and Australia, white-knuckling it through plates of calf brains and raw horse meat, and learning languages she can't remember anymore. After a stint as a jaded, skeptical journalist, she changed tack and began writing rather awesome blogs and showing businesses that advertising is dead, so long live social media, with her businesses Legendary Social Media. She now splits her time between various Canadian cities, Costa Rica and wherever else the wind blows.
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