Top Leasing Buildings in the GTA – August 2026 Rental Market Report

August 2026 brought a steady, no-drama month to the GTA condo rental market. Across the region, 5,637 leases were signed, with the average monthly rent landing right around $2,610. The typical unit took 23.7 days to find a new tenant, and rents ticked up just 0.25% from July. In plain terms: the market is calm, supply is keeping pace with demand, and nobody is panicking on either side of the lease table.

But zoom in from the regional average and the picture gets more interesting. While the GTA-wide benchmark sits at nearly four weeks, several buildings are clearing units in under two weeks. King's Landing at 68 Esther Shiner Boulevard in Toronto averaged just 15.9 days to lease, and Massey Tower at 197 Yonge Street in Toronto hit a median of 10.5 days. That means a tenant who walks in on a Monday could be signing a lease by the following Tuesday in those towers, while the average building across the region is still sitting at three and a half weeks.

Two very different strategies are driving this month's numbers. On one end, high-volume communities like Notting Hill Condos at 4010 Eglinton Avenue West in Toronto signed 66 leases in a single month by keeping rents competitive at $2,310, well below the market average, and moving quickly to fill space. On the other end, prime downtown towers like Burke Condos at 605-609 Sherbourne Street in Toronto pushed rents up 15.43% to $2,780, and King's Landing at 68 Esther Shiner Boulevard in Toronto raised rates 12.13% to $2,749. In those buildings, demand is strong enough that landlords are pricing up rather than discounting, and units are still going fast.

Top 10 Fastest Leasing Buildings (August 2026)

The table below highlights the top-performing condominium buildings across the Greater Toronto Area (GTA) ranked by total leasing volume and speed.

Project / Address	Municipality	Completed Leases	Avg DOM	Rent Change
Notting Hill Condos 4010 Eglinton Avenue W	Toronto	66	22.9 days	-5.5%
M City 3 Condominium 448 Burnhamthorpe Road	Mississauga	31	24.1 days	+2.93%
Daniels on Parliament 10 Oak Street	Toronto	29	18.6 days	-1.41%
Burke Condos 605-609 Sherbourne Street	Toronto	28	16.4 days	+15.43%
King's Landing 68 Esther Shiner Boulevard	Toronto	26	15.9 days	+12.13%
Grand Festival - Landmark Tower 28 Interchange Way	Vaughan	24	17.8 days	+1.29%
INDX 70 Temperance St	Toronto	23	19.0 days	-5.61%
Massey Tower 197 Yonge St	Toronto	22	17.7 days	+11.7%
Verde - Soul Condos IV 188 Fairview Mall Dr	North York	21	30.0 days	-6.74%
King's Landing 18 Esther Shiner Boulevard	Toronto	20	21.6 days	-5.34%

Key Findings

One Building Rented 66 Units in 30 Days

Notting Hill Condos at 4010 Eglinton Avenue West in Toronto signed 66 completed leases in August, the highest volume of any building in the top 10. They did it by pricing units at $2,310, roughly $300 below the regional average, and keeping the median time-to-lease at 19 days. What this means for you: if you are hunting for a condo under $2,400 in Toronto, high-volume buildings like this one are where the real inventory is, and the competitive pricing gives you room to negotiate.

Downtown Towers Are Raising Rents by Double Digits

Three Toronto buildings posted rent increases above 11% in a single month: Burke Condos at 605-609 Sherbourne Street (+15.43%), King's Landing at 68 Esther Shiner Boulevard (+12.13%), and Massey Tower at 197 Yonge Street (+11.70%). Despite those jumps, all three still leased out units in under 18 days on average. What this means for you: if you are a tenant in one of these buildings and your lease is up for renewal, expect a meaningful increase, and if you are a landlord, the market is rewarding you for holding firm on price.

One Building Rented Out 97% of Its Available Units

Daniels on Parliament at 10 Oak Street in Toronto had 30 units on the market and signed 29 leases, clearing 96.67% of its available inventory in August. The average rent was $2,123, well below the $2,610 market average, and the median time to lease was just 17 days. What this means for you: when a building is this close to fully occupied, the remaining units will not sit on the market long, so if you see a listing at 10 Oak Street that fits your budget, move quickly.

Top Building Spotlights

Spotlight

Notting Hill Condos

4010 Eglinton Avenue W, Toronto

66 Completed Leases Average Days to Rent: 22.9 Days (Median: 19 Days) Average Monthly Rent: $2,310 Units Rented: 45.83% of Available Inventory

"Notting Hill Condos led the entire top 10 in raw leasing volume, signing 66 leases in a single month. The strategy is straightforward: price units at $2,310, which is about 12% below the GTA average, and let the volume do the work. Rents actually dropped 5.50% from July, suggesting the building is prioritizing occupancy over rate, a smart play when you have 144 units in the mix and want to keep the lobby full."

Spotlight

King's Landing

68 Esther Shiner Boulevard, Toronto

26 Completed Leases Average Days to Rent: 15.9 Days (Median: 12 Days) Average Monthly Rent: $2,749 Units Rented: 72.22% of Available Inventory

"King's Landing at 68 Esther Shiner Boulevard is the fastest-moving building in the top 10, with an average of just 15.9 days to lease and a median of 12. Despite raising rents 12.13% to $2,749, the building still cleared nearly three-quarters of its available units in August. The combination of a desirable location and strong tenant demand means landlords here can price confidently without watching units sit empty."

Market Insights & Outlook

Renter Trends & Opportunities

If you are shopping for a condo under the $2,610 market average, August gave you a few solid options. Notting Hill Condos at 4010 Eglinton Avenue West in Toronto is leasing at $2,310 with 66 units already signed, meaning more inventory is turning over and you have choices. Daniels on Parliament at 10 Oak Street in Toronto is even cheaper at $2,123, and Grand Festival - Landmark Tower at 28 Interchange Way in Vaughan came in at $2,046. Verde - Soul Condos IV at 188 Fairview Mall Dr in North York also dropped rents 6.74% to $2,112. In all of these buildings, the landlord is motivated to fill space, which gives you real leverage to ask for a lower rate, a waived admin fee, or a month of free rent. Walk in with a competing listing in hand and you will likely get a better number than the asking price.

Investor Outlook

For condo owners and landlords, the buildings that are leasing fastest share two traits: a location tenants actively want and a price that justifies the demand. Massey Tower at 197 Yonge Street in Toronto hit a median of 10.5 days to lease while raising rents 11.70% to $2,627. Burke Condos at 605-609 Sherbourne Street in Toronto jumped 15.43% to $2,780 and still cleared units in 16.4 days on average. King's Landing at 68 Esther Shiner Boulevard in Toronto did the same at $2,749. The pattern is clear: in well-located downtown Toronto towers, tenants are absorbing double-digit rent increases without a second thought, and units are not sitting empty. If you own in one of these corridors, August's data says you can hold your price or nudge it up and still see a two-week turnaround.

Leasing Velocity

The speed at which units move varies wildly across the region. At the fast end, King's Landing at 68 Esther Shiner Boulevard in Toronto cleared 72.22% of its available listings in 15.9 days, and Massey Tower at 197 Yonge Street in Toronto hit a 10.5-day median. At the slower end, Verde - Soul Condos IV at 188 Fairview Mall Dr in North York averaged 30 days to lease, and M City 3 Condominium at 448 Burnhamthorpe Road in Mississauga sat at 24.1 days. The difference usually comes down to two things: how many units a building is trying to fill at once and how aggressively it is priced. Buildings that are clearing 70% to 97% of their inventory in a month (like Daniels on Parliament at 96.67% and King's Landing at 72.22%) tend to have a tight supply of available units and a price point that matches what tenants in that area are willing to pay. Buildings taking twice as long often have a larger pool of empty units and are competing on price to move them.

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