Supply in. Leases out.
Monthly rental activity
New listings Completed leases
These are same-month flows, not the same group of units. Relistings count as new listing events.
HOMIES RESEARCH / GREATER TORONTO AREA
The GTA rental
market, in focus.
What tenants pay. How quickly units lease.
Where the competition stands.
RENTAL MARKET REPORTOctober 2026
Full-month results
September 2026
MLS-listed condo apartments for lease onlySeptember 2026 · Greater Toronto Area
AVERAGE ACHIEVED RENT
$2,654
CAD per month0.4% below a year earlier
The rent trajectory
Monthly average achieved rent Achieved monthly rentFocus a point for details
Lease transactions5,355September 2026
Average days to lease19Successful leases only
New rental listings6,766Listing events, including relistings
Leases / new listings79.1%Same-month flows
THE SIGNAL
The month in focus.
GTA condo apartments leased for an average of $2,654 per month in September 2026, with 5,355 lease transactions and 6,766 new rental listings. Rents were 0.4% below a year earlier. Successful leases averaged 19 days on market.
01 / RENT BY UNIT TYPEDifferent units.
Different units.
Different markets.
Compare achieved rent and annual change by bedroom type.
Dens remain in the main bedroom category. The overall average also includes other bedroom codes; studios are not shown separately.
02 / LEASING ACTIVITYThe pace behind
The pace behind
the rent.
A closer look at incoming listings, completed leases
and the time successful listings spend on the market.
LAST 12 MONTHS
How quickly units lease
Successful leases only. Days on market do not measure building vacancy or total exposure across relistings.
03 / ACROSS THE GTAOne region.
One region.
Five rental markets.
The same bedroom type, compared across Toronto,
Peel, York, Halton and Durham.
Average achieved rent
CAD / MONTHRegional averages reflect the mix of units leased. They are not a comparison of identical apartments.
| Market | YoY rent | Days to lease | Leases |
|---|
04 / AVAILABLE NOWThe current
SNAPSHOT, NOT MONTH-END INVENTORY
The current
competition.
SNAPSHOT, NOT MONTH-END INVENTORYAvailable MLS listings are measured separately from completed leases. Asking rent is the advertised amount. Supply months compare this snapshot with the previous three full months of leasing.
05 / YOUR LOCAL BENCHMARKLook a little
Look a little
closer.
Find a neighbourhood. Check the rent, leasing speed
and the size of the sample behind the number.
06 / PUT THE DATA TO WORKFrom benchmark
From benchmark
to better decisions.
Three ways to use this report
in your next leasing conversation.
Price the unit,
not the average.
Watch the
leasing clock.
Know what
you compete with.
Interpretation of the MLS comparison set. Apartment attributes, incentives and the transacted mix can change the result.
THE FINE PRINTSource & methodology
What this report covers
Search MLS MCP, source board 2 (TREB Residential/Condo). Queries are restricted to type=lease, class=condo and propertyType=Condo Apt, across Toronto, Peel, York, Halton and Durham. This comparison set describes MLS-listed rental condo apartments, not all rental housing or a census of purpose-built rental buildings.
Completed leases have unavailable status and final leased status (Lsd), assigned to the source’s recorded lease transaction month. Main bedrooms determine unit type; dens stay in the parent category. Studios are withheld because bedroom coding varies in the historical feed.
Rent & comparisons
Achieved rent uses recorded lease transaction amounts. Achieved and asking rents are screened to $500–$20,000 per month. Lease counts retain all completed lease records. Historical average rents and days are provider aggregates; historical timing denominators may be unavailable, in which case the lease group size is labelled. The latest full-month medians and neighbourhood statistics use validated paginated lease records; a provider historical median is not substituted for the record-level median.
Year-over-year comparisons use the same month a year earlier. Rent and timing figures are withheld when their sample contains fewer than 20 observations. Annual rent change requires at least 20 valid rents in both periods. Small samples retain lease counts and are labelled. Historical provider timing groups may include records without a valid timing observation; those sample labels refer to the provider’s lease group. Averages reflect the transacted mix, not same-unit rent growth, in-place rent or net effective rent. Utilities, parking, furnishing and incentives can differ.
Leasing & available supply
New listings count listing events by list date across active and unavailable records. Relistings count separately. Completed leases divided by new listings compares same-month flows, not cohort conversion; the ratio can exceed 100%.
Days on market describe successful leases only. They exclude listings still available, do not measure vacancy, and do not add exposure across relistings. Timing denominators are shown where record-level figures are used.
Current inventory is a separately dated active-listing snapshot. Months of supply divide active listings by the average monthly leases in the latest three complete months. This is an MLS indicator, not a building vacancy rate. Unverified historical month-end inventory is withheld.
Dates, revisions & access
Data may be revised by delayed reporting. Only aggregates are published. The downloadable dataset contains no individual listings or access credentials.
MONTHLY HISTORYExplore the archive
Choose a month to revisit rent and leasing activity. Neighbourhood detail and current inventory keep their own dates.