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

The Greater Toronto Area (GTA) rental market in May 2026 showed signs of transition, recording 3,759 total market leases with a modest downward pressure on average lease prices, which fell by -2.73% to $2,516.41. Properties across the broader regional market averaged a steady 29.7 days on market (DOM). Despite these broader market cooling trends, high-performing pockets and newly completed master-planned developments demonstrated remarkable resilience, significantly outperforming regional averages in both leasing speed and overall volume.

Leading the charge this month are master-planned communities, where concentrated tenant demand is driving rapid leasing velocity. Newly completed projects are acting as major anchors for renter activity, proving that cohesive, highly-amenitized communities remain highly sought after. While individual properties across the GTA took nearly a month to lease on average, the top-performing buildings captured massive tenant interest, clearing their available inventory in a fraction of that time.

Top 10 Fastest Leasing Buildings (May 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
Galleria 3 1185 Dupont Street	Toronto	43	18.3 days	-6.88%
The Residences at Central Park 29 Green Trail Court	Toronto	33	26.5 days	-0.48%
Realm Condos 4878 Powers Common Street	Burlington	28	14.6 days	-6.24%
Beau Soleil 2075 Lakeshore Road	Burlington	26	13.6 days	+1.31%
One Crosstown 5 Quarrington Lane	Toronto	23	19.3 days	+2.7%
The Charles at Church 634 Church Street	Toronto	21	21.3 days	-2.43%
One Crosstown 1 Quarrington Lane	Toronto	20	28.1 days	-5.2%
WestBend Residences 1660 Bloor Street W	Toronto	19	26.5 days	+6.4%
Highland Commons 1625-1635 Military Trail	Scarborough	18	36.8 days	+2.75%
EX1 4015 The Exchange	Mississauga	17	18.1 days	-11%

Key Findings

Burlington Leads the GTA in Leasing Velocity

Newly completed developments in Burlington are moving at an incredibly fast pace compared to the rest of the GTA. Beau Soleil at 2075 Lakeshore Road recorded a blazing fast average DOM of just 13.6 days across 26 completed leases, while Realm Condos at 4878 Powers Common Street followed closely with an average DOM of 14.6 days and 28 completed leases, highlighting robust localized suburban demand.

Master-Planned Communities Command High Volume

Galleria 3 at 1185 Dupont Street emerged as the undisputed volume leader in May 2026, recording 43 completed leases with an average DOM of 18.3 days. Following closely in Toronto, The Residences at Central Park secured 33 completed leases, proving that large-scale, well-located central developments continue to attract tenants in high volume.

Price Adjustments Successfully Clear Inventory

Selective rent adjustments are proving to be highly effective at accelerating lease-up rates. For instance, EX1 in Mississauga experienced an -11.00% reduction in average lease prices to $2,254.71, yet successfully cleared 17 leases in an average of just 18.1 days, showcasing how strategic pricing remains an invaluable tool for landlords looking to minimize vacancy.

Top Building Spotlights

Spotlight

Galleria 3

1185 Dupont Street

43 completed leases
Average DOM: 18.3 days
Average lease price: $2,356.98
Inventory ratio: 33.08%

"Galleria 3 dominated the market as the highest volume building in May 2026. By aligning its rental pricing with an active month-over-month adjustment of -6.88% to average $2,356.98, the building successfully absorbed an impressive 33.08% of its total inventory in less than three weeks on average."

Spotlight

Beau Soleil

2075 Lakeshore Road

26 completed leases
Average DOM: 13.6 days
Average lease price: $2,596.15
Inventory ratio: 26.26%

"Beau Soleil set the gold standard for leasing speed this month, commanding a remarkably low average DOM of 13.6 days. Even with a positive rent increase of 1.31% bringing the average price to $2,596.15, renters eagerly paid a premium for this highly desirable lakeside address, rapidly absorbing more than a quarter of its available inventory."

Market Insights & Outlook

Renter Trends & Opportunities

For renters looking to secure the best GTA rental rates, the current market climate presents highly attractive 'value pockets' and excellent negotiation leverage. With overall GTA rents softening by -2.73% to an average of $2,516.41, savvy tenants can find remarkable opportunities in buildings experiencing localized price adjustments. Specifically, EX1 in Mississauga represents an incredible market opportunity with an -11.00% average rent drop to $2,254.71, while The Charles at Church features a high inventory ratio of 50.00%, offering premium downtown living with significantly higher negotiating power for incoming tenants.

Investor Outlook

Property owners and real estate investors looking to maximize yields should focus on high-demand investment zones characterized by low-vacancy opportunities and rapid tenant placement. Beau Soleil in Burlington stands out as a prime example, pairing a swift 13.6-day average DOM with a positive rent growth of 1.31%. In Toronto, One Crosstown at 5 Quarrington Lane also showed strong investor appeal, achieving a 2.70% rent increase to average $2,140.87 while maintaining a low average DOM of 19.3 days, proving that top-tier projects can still command rent premiums and minimal vacancy times.

Leasing Velocity

An analysis of inventory turnover reveals that despite a broader regional average DOM of 29.7 days, premium buildings are clearing inventory at a rapid clip. The Charles at Church led the region by absorbing exactly 50.00% of its total inventory in May, while WestBend Residences at 1660 Bloor Street W followed closely with an inventory ratio of 46.34% and a positive rent change of 6.40%. This strong momentum indicates that well-positioned GTA real estate assets continue to experience high demand, rapidly turning over inventory even as broader market conditions normalize.

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