21
Aug
24. What is the maximum grant for rental deposits?
The maximum Toronto Rent Bank grant for rental deposits is based on unit size:
– Bachelor: $2,000 per month ($4,000 for both first and last months’ rent)
– 1-bedroom: $2,500 per month ($5,000 for both first and last months’ rent)
– 2-bedroom: $3,000 per month ($6,000 for both first and last months’ rent)
– 3-bedroom: $3,500 per month ($7,000 for both first and last months’ rent)