{"id":1410,"date":"2016-03-21T19:23:45","date_gmt":"2016-03-21T19:23:45","guid":{"rendered":"https:\/\/www.torontorentals.com\/blog\/?p=1410"},"modified":"2016-03-21T19:23:45","modified_gmt":"2016-03-21T19:23:45","slug":"6-facts-that-will-make-you-feel-better-about-renting-in-toronto","status":"publish","type":"post","link":"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto","title":{"rendered":"6 facts that will make you feel better about renting in Toronto"},"content":{"rendered":"<p>Renting in Toronto has its drawbacks. We pay a ton of money for very small spaces, and we often have to compete against dozens of people for even the most average apartments.<\/p>\n<p>We love complaining about renting in Toronto, but the bright side is it&#8217;s not all that bad. To help you clear your TO renting blues, here are 6 facts that will make you feel better about renting in Toronto.<\/p>\n<p>$4,081 &#8211; The average rent for an apartment in NYC. In Toronto, it&#8217;s $1,200. Source: <a href=\"http:\/\/www.theguardian.com\/business\/2015\/jul\/01\/manhattan-new-york-apartment-rent-prices-record-high\" target=\"_blank\">The Guardian<\/a><\/p>\n<p>12.8% &#8211; The rate by which rents in San Francisco rose last year. Toronto instated a rent increase cap of 1.6% for 2016. Source: <a href=\"http:\/\/www.forbes.com\/sites\/erincarlyle\/2015\/04\/16\/san-francisco-tops-forbes-2015-list-of-worst-cities-for-renters\/#539ed42256e7\" target=\"_blank\">Forbes<\/a><\/p>\n<p>0.6% &#8211; The rental vacancy rate in Victoria at the end of 2015. Toronto&#8217;s was about 1.7%. Source: <a href=\"http:\/\/www.cbc.ca\/news\/canada\/british-columbia\/victoria-apartment-vacancy-rate-1.3369121\" target=\"_blank\">CBC<\/a><\/p>\n<p>$7,500+ &#8211; The reported average rent in Hong Kong for a 3-bedroom apartment. WTF. Source: <a href=\"https:\/\/www.internations.org\/hong-kong-expats\/guide\/15879-housing-accommodation\/hong-kong-rental-market-an-overview-15878\" target=\"_blank\">InterNations<\/a><\/p>\n<p>45% &#8211; The amount by which rents in some Berlin neighbourhoods increased in a single year. Source: <a href=\"http:\/\/www.welt.de\/finanzen\/immobilien\/article138840347\/Das-muessen-Sie-ueber-die-Mietpreisbremse-wissen.html\" target=\"_blank\">Die Welt<\/a><\/p>\n<p>4 &#8211; The number of women who are not allowed to rent an apartment together in University City, Missouri. Source: <a href=\"http:\/\/www.dumblaws.com\/laws\/united-states\/missouri\" target=\"_blank\">DumbLaws<\/a><\/p>\n<p>While renting is expensive and apartments are hard to come by here, it could always be worse. Plus, we live in a pretty sweet spot with some awesome culture, food, activities and opportunities. So really, it&#8217;s not all bad.<\/p>\n<p>What&#8217;s your favourite\/least favourite thing about renting in Toronto?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renting in Toronto has its drawbacks. We pay a ton of money for very small &#8230;<\/p>\n","protected":false},"author":26,"featured_media":1411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"coauthors":[220],"class_list":["post-1410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rental-guides"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>6 facts that will make you feel better about renting in Toronto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TorontoRentals.com Blog\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto\"},\"author\":{\"name\":\"TorontoRentals.com Blog\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/#\/schema\/person\/53503b1c0fd1a6bc186b273abbee8d44\"},\"headline\":\"6 facts that will make you feel better about renting in Toronto\",\"datePublished\":\"2016-03-21T19:23:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto\"},\"wordCount\":236,\"image\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.torontorentals.com\/blog\/wp-content\/uploads\/bedroom-527645_1920.jpg\",\"articleSection\":[\"Rental Guides\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto\",\"url\":\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto\",\"name\":\"6 facts that will make you feel better about renting in Toronto\",\"isPartOf\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.torontorentals.com\/blog\/wp-content\/uploads\/bedroom-527645_1920.jpg\",\"datePublished\":\"2016-03-21T19:23:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/#\/schema\/person\/53503b1c0fd1a6bc186b273abbee8d44\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto#primaryimage\",\"url\":\"https:\/\/www.torontorentals.com\/blog\/wp-content\/uploads\/bedroom-527645_1920.jpg\",\"contentUrl\":\"https:\/\/www.torontorentals.com\/blog\/wp-content\/uploads\/bedroom-527645_1920.jpg\",\"width\":1920,\"height\":1280},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/6-facts-that-will-make-you-feel-better-about-renting-in-toronto#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Toronto Rentals Blog\",\"item\":\"https:\/\/www.torontorentals.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rental Guides\",\"item\":\"https:\/\/www.torontorentals.com\/blog\/rental-guides\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"6 facts that will make you feel better about renting in Toronto\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/#website\",\"url\":\"https:\/\/www.torontorentals.com\/blog\/\",\"name\":\"Toronto Rentals Blog\",\"description\":\"Looking for an apartment in Toronto? 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