Best thing Toronto renters can hope for is that the market does not replicate that of Vancouver.

The most unaffordable housing in North America has pushed more people into renting, and the vacancy rate in the CoV and some of it's neighbours sits at about a half a percentage.

The BC Liberals had turned a blind eye to one year rental contracts which allow landlords to bypass rent controls and set any rent they want after a year. The  NDP have so far failed to close that loophole.

Toronto renters have it good in comparison. 

Working families continue to compete for scarce rentals with investors leaving units empty, a foreign student intake of over 100,ooo a year,  and tens of thousands living here on their ten year visitor visas. Throw in immigration, refugees, and those here on working visas.