Toronto is catching up with Vancouver as Canada's most expensive place to rent

renters in Toronto , it seems, as high interest rates and prices continue to hamper affordability in the real estate market and rents are now back on the rise, too.

This marks increases of two per cent and 0.9 per cent, respectively, from March to April, and 4.2 per cent and 3.6 per cent from the same time last year.The experts point out in their analysis that rates in Vancouver and Burnaby, the other two of the country's top three priciest cities for tenants, likewise increased for the first time in many months — and that Toronto is now outpacing the latter B.C. locale, with which it has been neck-and-neck for the title of second most-expensive.

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