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The COVID-19 pandemic continues to wreak havoc on Toronto s residential rental market in the best of possible ways, mind you, for everyone other than landlords.
A newly-released report from Padmapper shows that the median price of a one-bedroom apartment in Toronto is now only $1,770 per month.
This represents a 23 per cent year-over-year decrease, and the reversal of four years of exponential rent growth in Canada s largest city over less than 12 months.
In other words, it s a massive drop. The last time Toronto one-bedroom rent was as low as it is in this report was in February 2017, when it was at $1,700, noted Padmapper in a release announcing its February 2021 Canadian Rent Report on Monday.
A new report has found that Cork County experienced one of the highest rates of rental inflation across the entire country during the course of 2020.
Figures contained within the latest Daft.ie Rental Report showed that the average monthly rent in the county, as 2020 drew to a close, stood at €1,106 compared to €1,016 for the same period 12 -months earlier - representing a year-on-year increase of 8.9%.
The only other two counties in the country to see higher annual rental inflation rates were Kerry (9.9%) and Limerick (9.2%).
The report showed that rents in Cork County rose by 4.7% over the last quarter of 2020, with the final figure representing an 89.9% increase on their lowest point, or trough in 2011.
The average rent in Leitrim is €624
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Rents in Connacht rose 3% year-on-year, reflecting a sharp fall in availability - just 138 homes were available to rent on February 1, down over 60% compared to a year ago.
In Leitrim, rents were on average 2.8% higher in the final three months of 2020 than a year previously. The average listed rent is now €624, up 51% from its lowest point.
- Average national rent in Q4 is again higher than a year previously and is now €1,414 - but is lowest rate of inflation since 2012
-Rents in Dublin fall by 3.3% in one year and is now €1,984
- In Dublin 1, Dublin 4 and Dublin 6, rents in the final three months of 2020 were 6% lower than a year previously, while in Dublin 2, they were 7% lower