Anyone wishing to sign a new lease for a one bedroom apartment in Toronto, can expect to be paying around $2,300. This would be for a 700 plus square foot unit that would likely allow one bathroom – and den, if you’re lucky.

The data was released by Urbanation Inc., a trusted source of information on the latest market trends in the Toronto condominium market. They issued the following statement in a press release,  “The $231 average increase over the past year was the largest ever recorded by Urbanation, with rents having risen by $367 in two years.”

Read the article in The Globe & Mail for more information.