Toronto Rental Listings — December 2025

Key Market Indicators

Overall median listing price

$2,500

MoM: -3.8% · YoY: -3.8% · 3m: -3.8% · n=4594

IQR: $2,100 – $3,200

1-bed median listing price

$1,950

MoM: -2.5% · YoY: -9.3% · 3m: -2.5% · n=1633

IQR: $1,750 – $2,200

2-bed median listing price

$2,600

MoM: -1.9% · YoY: -7.1% · 3m: -1.9% · n=1574

IQR: $2,350 – $2,995

3+ median listing price

$3,500

MoM: -5.4% · YoY: -4.0% · 3m: -6.7% · n=1387

IQR: $3,000 – $4,000

Trend & Mix Visuals

Median with IQR (filter by bedroom)

Bedroom mix share

Price distribution (1- & 2-bed) — December 2025

1-bed 3-month outlook (80/95% bands) — SARIMA(1, 1, 0)×(1, 0, 1, 12) AIC=-48.6 — Backtest MAPE: —

2-bed 3-month outlook (80/95% bands) — SARIMA(1, 1, 0)×(1, 0, 1, 12) AIC=-55.0 — Backtest MAPE: —

Income Benchmarks

Income needed to afford (rule-of-thumb 3.0× rent)

Hourly = (median × 3.0) ÷ (40.0 × 52.0 ÷ 12). Annual = hourly × 40.0 × 52.0.

1-bed

$33.75/hr

Annual: $70,200

2-bed

$45.00/hr

Annual: $93,600

3+ bed

$60.58/hr

Annual: $126,000