Below you can find the average rental prices for both one-bedroom and two-bedroom dwellings across southern Ontario. As you can see, Toronto unsurprisingly tops the list for another month, with Hamilton being the cheapest out of the 14 regions reported.

1. Toronto  

- 1 Bedroom – $1,833 

- 2 Bedroom – $2,455 

2. Markham 

- 1 Bedroom – $1796 

- 2 Bedroom – $1,983 

3. Burlington 

- 1 Bedroom – $1,772 

- 2 Bedroom – $2,057 

4. Mississauga 

- 1 Bedroom – $1,758 

- 2 Bedroom – $2,080 

5. Etobicoke 

- 1 Bedroom – $1,734 

- 2 Bedroom – $2,204 

6. North York 

- 1 Bedroom – $1,664 

- 2 Bedroom – $2,070 

7. Vaughan 

- 1 Bedroom – $1,661 

- 2 Bedroom – $2,180 

8. Waterloo  

- 1 Bedroom – $1,634 

- 2 Bedroom – $1,624 

9. Guelph 

- 1 Bedroom – $1,630 

- 2 Bedroom – $1,910       

10. York 

- 1 Bedroom – $1,630 

- 2 Bedroom – $2,182 

11. Brampton 

- 1 Bedroom – $1,622 

- 2 Bedroom – $1,817 

12. Scarborough 

- 1 Bedroom – $1,581 

- 2 Bedroom – $1,905       

13. Kitchener 

- 1 Bedroom – $1,493 

- 2 Bedroom – $1,734 

14. Hamilton 

- 1 Bedroom – $1,440 

- 2 Bedroom – $1,885 

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Market Trend: Guelph

Solace Solutions highlighted investment area of the month of June is Guelph, which has shown promising growth over the past year with a greater than 13% rent increase for single and two-bedroom dwellings since June 2020. Property value has also seen tremendous increasing numbers over the past year, with single family home prices increasing 26.1% to$761,000, townhouse prices increasing 29.4% to $546,000, as well as apartment condo prices increasing 20.9% to $418,200.

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For more information about the rental market please visit the link:

June 2021 Rent Report