Reduction activity
155 meaningful rent reductions
The average cut was $167.742/mo, or 5.4%.
At a glance
What changed today
Inventory balance
0.28 drops per new listing
561 new listings entered the market while 4 asking rents increased.
Largest movement
$3.5K/mo
15 ALBEMARLE AVENUE, Toronto (North Riverdale)
Reduction distribution
How large were today’s rent cuts?
Under 2%
9
6% of drops
2% to 5%
74
48% of drops
5% to 10%
60
39% of drops
10%+
12
8% of drops
City activity
Where listing movement was concentrated
CityDropsNew
Toronto75307
Mississauga1241
Markham1032
Barrie710
Brampton624
Vaughan622
Guelph45
Pickering45
Largest reductions
Today’s notable rent drops
Inventory
New supply entering the market
561
New rentallistings were detected in today's snapshot. The highest new ask was $28,000/mo.