The current state of Toronto's rental market has seen a significant increase in average rents over the past few years. There are factors such as low vacancy rates, high demand for rental properties, and the impact of the pandemic on rental trends. Industry experts predict that the upward trend in rents is likely to continue in the near future, making it challenging for renters to find affordable housing.
In conclusion the policymakers should take action to address the housing crisis in Toronto and help renters access affordable housing.
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