If, like many Toronto residents, you've begrudgingly accepted the fact that you'll never be able to afford a home here and will thus be renting forever, the pandemic offered a slight reprieve from sky-high rents that hit an average of more than $2,500 a month pre-COVID.

Though rents fell month-over-month for more than a year straight as investors scrambled to sell off condos, the market became flooded with former Airbnbs and vacancy rates hit record highs, things are slowly recovering, as all aspects of the economy area.

As of this month, the city is back to bidding wars for rental units as prices creep back up, especially in certain neighbourhoods, while others remain a bit more affordable.

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