Slowest Leasing Buildings in the GTA: June 2026 Rental Data & Analysis

Element

20 Blue Jays Way, Toronto

• Stagnant Active Units: 7 active units
• Average Days Vacant: 255.1 days
• Inventory Turnover Rate: 18.18%

"Our tracking shows an average active DOM of 255.1 days at Element, representing one of the most severe active backlogs in the downtown core. Despite landlords capitulating with a sharp rent reduction of -11.36% down to a current average lease price of $2,925.00, inventory velocity remains structurally frozen. This demonstrates that minor pricing concessions are failing to overcome localized supply dilution in this high-density micro-pocket."

500 Dawes

500 Dawes Road, Toronto

• Stagnant Active Units: 14 active units
• Average Days Vacant: 225.2 days
• Inventory Turnover Rate: 0.00%

"With 14 stagnant units and an inventory turnover rate of 0.00%, our data highlights 500 Dawes Road as a prime example of systemic market rejection. The massive average active DOM of 225.2 days, combined with zero completed leases, signals a complete mismatch in product positioning or building-level distress. Immediate capital improvements or a fundamental repositioning of the leasing strategy are required to break this absolute flatline."

Greenwich Village

861 Sheppard Avenue, Toronto

• Stagnant Active Units: 3 active units
• Average Days Vacant: 113.0 days
• Inventory Turnover Rate: 0.00%

"Our tracking shows Greenwich Village failing to capture any leasing velocity, resulting in a 0.00% inventory turnover rate and an average active DOM of 113.0 days. Because rent change metrics remain N/A due to a lack of lease completions, landlords here appear resistant to adjusting expectations. This stubborn stance in a submarket with emerging supply options is compounding carrying costs with no relief in sight."

Kazmir Condos

6 Chartwell Road, Toronto

• Stagnant Active Units: 4 active units
• Average Days Vacant: 99.8 days
• Inventory Turnover Rate: 14.29%

"While Kazmir Condos saw a single completed lease with an ultra-short 4.0-day DOM, its remaining active inventory tells a far more troubled story with an average active DOM of 99.8 days. Our data indicates a sharp rent contraction of -16.49% to $1,950.00, illustrating that the solo completion was a highly discounted outlier. The lingering active units suggest that wider market demand is rejecting the current pricing premium for the rest of the building's inventory."

Parkside Village - The Park Residences

4099 Brickstone Mews, Mississauga

• Stagnant Active Units: 3 active units
• Average Days Vacant: 95.6 days
• Inventory Turnover Rate: 16.67%

"Our observations at Parkside Village show active listings averaging 95.6 days vacant, despite a significant rent correction of -24.58% down to $2,250.00. This heavy downward pricing pressure, combined with an inventory turnover rate of just 16.67%, highlights intense competition within Mississauga's high-rise clusters. Landlords are currently caught in a race to the bottom, where even deep price cuts are failing to stimulate rapid absorption."

Glen Hill Condos

505 Glencairn Avenue, Toronto

• Completed Leases: 4 leases
• Average Days To Close: 126.5 days
• Pricing Correction: -38.06%

"We tracked a painful 126.5 average days to close at Glen Hill Condos, pointing to severe friction in high-end mid-rise segments. Landlords were forced to capitulate with a massive -38.06% pricing correction, bringing the average lease price to $2,787.50. This reveals that premium properties without aggressive, early pricing strategies face compounding vacancies that quickly erode annual yield."

Yorkville Plaza

155 Yorkville Ave, Toronto

• Completed Leases: 3 leases
• Average Days To Close: 109.3 days
• Pricing Correction: -26.32%

"Our data highlights Yorkville Plaza as a clear victim of premium-tier friction, with completed leases taking an average of 109.3 days to finalize. Despite its prestigious Yorkville address, breaking market inertia required a steep -26.32% downward adjustment in rent down to $2,450.00. Landlords in luxury micro-markets can no longer rely solely on prestige to sustain yield, especially when competing with newer rental completions."

X - The Condominium

110 Charles St E, Toronto

• Completed Leases: 1 leases
• Average Days To Close: 101.0 days
• Pricing Correction: +6.50%

"While our tracking shows a modest pricing increase of 6.50% to $2,950.00, the single completed lease at X - The Condominium endured a staggering 101.0 days on market. This prolonged exposure highlights a high-friction transaction environment where holding out for a target rent premium results in a severe carrying-cost penalty. Investors must weigh the nominal gains of a slightly higher rent against more than three months of unmitigated vacancy."

Westmount Boutique Residences

700 Sheppard Ave W, North York

• Completed Leases: 1 leases
• Average Days To Close: 91.0 days
• Pricing Correction: +10.74%

"Westmount Boutique Residences recorded a single completed lease that languished for 91.0 days, even with a tracked rent increase of 10.74% to $2,750.00. This anomaly demonstrates that while localized demand for specific layouts exists, the transactional pace is exceptionally sluggish. Holding out for a rent premium in North York's competitive corridor is proving to be a high-risk strategy that amplifies landlord carrying costs."

Radio Arts

206 King Street W, Hamilton

• Completed Leases: 10 leases
• Average Days To Close: 69.2 days
• Pricing Correction: -9.71%

"Our data indicates high transaction volume at Radio Arts with 10 completed leases, but these deals took an average of 69.2 days to close. To clear this inventory, landlords accepted a -9.71% reduction in rents, averaging $1,580.00. This combination of elevated DOM and downward pricing pressures reveals a highly competitive local market in Hamilton where supply is outstripping absorption rates."