Best answer


Market Rent isresidential rent that is not classified as Subsidized Rent or Affordable Rent under any affordable housing program. Market rents are typically set according to the Canada Mortgage and Housing Corporation’s City of Toronto average rate and go up every year,reflecting the Government of Ontario’s Rent Increase Guideline.

People also ask


  • What is the market rent of a property?

  • The market rent of a property is what the property could rent for in the private market. The initial market rent of your property is written in your residential rental agreement. The market rent value is reviewed once a year, in August. If your market rent amount changes because of the review, we will write to let you know.

  • What is fair market rent?

  • Fair Market Rent is the rent amount, including utilities (except telephone), to rent privately owned, existing, decent, safe and sanitary rental housing of modest (non-luxury) nature with suitable amenities.

  • Are market rental units subsidized?

  • Market rental units are not subsidized. The rent you would pay is the current market rate for the unit. Market rental units are owned by different organizations.

  • What is market rent in Toronto?

  • Market Rent is residential rent that is not classified as Subsidized Rent or Affordable Rent under any affordable housing program. Market rents are typically set according to the Canada Mortgage and Housing Corporation’s City of Toronto average rate and go up every year, reflecting the Government of Ontario’s Rent Increase Guideline.