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Meanwhile, Halifax has seen the steepest rent hikes in North America over the past year.
But there appears to be a sudden cooling in the market this month.
The mortgage “stress test” and rising interest rates are the likeliest culprits.
Toronto house prices may have cooled, but rents sure haven't.
The year-over-year numbers paint an even bleaker picture.
Padmapper's May rental report looked at 26 Canadian cities with the largest populations.
No relief for renters struggling with Canada's affordability crisis.
Maybe this will end all those “renovictions.”
Toronto may be suffering an "undersupply" of rental units, thanks to soaring house prices.
Follow The Huffington Post Canada on Facebook, Twitter, and Instagram. Also on HuffPost Here is Padmapper's chart of where