Toronto's rental crisis has been ongoing, with low vacancy rates for years.
According to data, between 2003 and 2015, rent prices ↑ gradually, but after 2016, they accelerated significantly.
GTA Rental Prices on the Roller Coaster

Toronto's rental crisis has been ongoing, with low vacancy rates for years.
According to data, between 2003 and 2015, rent prices ↑ gradually, but after 2016, they accelerated significantly.