Policy2.25%Prime4.45%5Y posted6.09%
BOC · Official series

V105 CITY PROFILE · ON

Toronto

Balanced rental + rising prices · baseline updated February 2026.
Market trends →
Benchmark price$1,085,000 6.4%
Average 2BR rent$2,0463% vacancy
Estimated mortgage$5,640/mobaseline assumption
Population6.2M2021 census baseline

Market scores

Affordability0

Relative purchasing accessibility compared with local incomes.

Rental competition51

Higher scores indicate a tighter rental market.

Investment potential17

Composite yield, growth and market-balance signal.

New construction41

Recent housing construction and permit momentum.

Market activity71

Price movement and buyer-activity conditions.

Buyer demand28

Population, migration and housing-demand pressure.

Housing supply49

How closely housing supply is keeping pace with demand.

Overall score38

Combined market, affordability, supply and demand rating.

Housing economics

Price-to-rent ratio
44.19
Gross rent yield
2.26%
Payment-to-rent ratio
2.757×
Building permits
$1,903M
Stress-test rate
8.09%
Historical payment median
$6,383