Toronto Rents Fall as Larger Units Rise

In Mid-Q3, Toronto's avg. asking rent was $2,571, down yearly ~2%, continuing the city's multi-yr decline in overall rental costs for now.
Yet larger units showed firmer pricing: three-bedrooms ↑~4% yearly to $3,642, while two-bedrooms ↑<1% to $2,939, hinting at selective strength within Toronto.
Those gains pointed to some recovery in Toronto's rental market, even as overall asking rents kept moving lower across the city recently.
Toronto remained the country's fourth-priciest rental market in Mid-Q3, showing that even with softer overall pricing, the city still stood among the costliest places.
The outlook around Toronto rentals was still uncertain, while the broader market could feel trade-war effects through business investment, hiring, and new-construction input costs.