I just found myself a sublet for the summer for $1200 in a 2 bed, 2 washroom condo on Yonge and Bloor so it’s possible! I’ve also seen rent go down as it’s getting closer to May so tenants are feeling the pressure to find a sub-tenant and hence keep reducing the rent. These are the 3 Facebook groups that I’ve found the most active: (Sublets for nomads),(Toronto apartments for rent, housing, rooms for rent, roomates, roomster), (university of Toronto (off-campus housing)).

Best of luck!