Markham's Rent Drop: GTA's Affordability Shift

0:00Markham just took the crown for the steepest rent drop in all of Ontario, year over year. A fresh report shows one bedroom rents there, plunge 12.5 percent, from $2,295 a month, down to $2,000. Two bedrooms fell, 8.2 percent to $2,600, and three bedrooms dropped 7.3 percent to $3,000, $53. Other spots like Ashawa and Brampton got more affordable too, landing among the province's cheapest markets. Asha was one bedroom slid from $1,777 to $1,603 while Brampton saw one. $139 dip to $1,779. In Toronto proper, unfurnished, one bedrooms eased up $176 a year over year, hitting an average of $1,900. $50 this April. Month to month, they dipped another $22, though furnished units ticked up $26.

1:03Across the GTA, unfurnished one bedrooms kept falling in places like Markham at 5.66 percent, North York at 3.01. Percent and Mississauga at 1.85 percent. Furnished ones dipped slightly in downtown Toronto and Markham, but climbed in North York, Scarborough and Vaughan Richmond Hill. This shift points to real relief for renters in the region, with Ashawa now the GTA's bargain spot at $1,603 for A. One bedroom versus Oakfield's top price of $2,137, a $514 gap that highlights Howe. Patchy Affordability Remains. That's your update from Canada News today, powered by AI.