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Market Data as of August 31, 2026

Bisha — Rental Market Data

88 Blue Jays Way, Toronto, Ontario M5V 0L7
Quick Rent Estimate
Active Suites6 Available
Type
Units
Avg Rent
1-Bedroom + Den
2
$3,095
2-Bedroom
2
$5,248
Studio
2
$2,350

Building Summary & Rental Market Overview

Rental market analytics and building profile as of August 31, 2026.

Building TypeCondominium
Year Completed2017
Total Suites355
DeveloperLifetime & INK Developments

Bisha, located at 88 Blue Jays Way in the Entertainment District, is a 355-suite established residential development developed by Lifetime & INK Developments and completed in 2017. The property currently carries 6 active listings, yielding a tight availability rate of 1.7 percent. Closed leasing volume stands at 11 leases over the past 90 days averaging 17 days on the market, alongside 5 leases closed over the past 30 days averaging 9 days on the market.

Active asking rents average $3,564 per month at $5.25 per square foot, which compares against realized 90-day leases averaging $3,023 per month at $4.76 per square foot. Current active inventory features larger average suite sizes of 691 square feet compared to historical leases, while the active rate per square foot tracks below the submarket asking benchmark of $5.53 per square foot.

Closed days on the market average 17 days over the 90-day window with zero delisted units recorded, while landlords maintain strong negotiating leverage by achieving an average premium of 1.85 percent above asking. Inventory selection is evenly distributed among studios, one-bedroom plus den suites, and two-bedroom layouts, with each tier offering a small selection of 2 active units apiece.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Bisha as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units6
+3 (100.0%)
Avg Asking Rent$3,564
+$918 (34.7%)
Avg Suite Size691 sf
+124 sf (21.9%)
Avg Days on Market43d
-3d (6.5%)
Avg Asking $/SF$5.25
+$0.38 (7.7%)

Active Market Insights & Questions

How has rental availability changed at Bisha recently?

Bisha features 6 active listings as of August 31, 2026, with an overall asking price range spanning $2,200 to $5,995 per month, an average rent of $3,564 per month, and a median asking rent of $3,095 per month. Active suites average 691 square feet with a mean asking rate of $5.25 per square foot. Studio, 1-bedroom plus den, and 2-bedroom layouts each hold an identical 33.3 percent share of the active inventory, demonstrating an even distribution across compact entry-level suites and larger executive configurations.

What floor plans and unit layouts are currently available at Bisha?

The dominant active layout at Bisha is the 1-Bedroom + Den, accounting for 2 active listings and a 33.3 percent inventory share. Studio suites comprise an additional 33.3 percent share with 2 units available at an average rent of $2,350 per month across an average of 400 square feet, asking $5.88 per square foot. Two-bedroom configurations round out the remaining 33.3 percent with 2 available suites averaging $5,248 per month across 1,022 square feet, commanding an average of $5.11 per square foot, while the 1-Bedroom + Den units average $3,095 per month across 650 square feet at $4.76 per square foot.

What is the average asking rent and $/SF by suite size at Bisha?

Bisha exhibits a minimum entry rent of $2,200 per month and a peak asking rent of $5,995 per month, creating a dollar spread of $3,795 per month and a percentage spread of 172.5 percent. The median asking rent rests at $3,095 per month. The entry-level tier consists of a Studio suite spanning 400 square feet at an asking rate of $5.50 per square foot, whereas the peak tier is represented by a 2-Bedroom layout spanning 1,100 square feet at an asking rate of $5.45 per square foot.

How much extra do parking spaces and dens cost at Bisha?

Active den premiums and square footage deltas for Bisha cannot be quantified as current listings do not provide sufficient paired data to isolate these values. Consequently, the marginal cost per square foot for den spaces remains uncalculated. Furthermore, active parking premiums cannot be reliably isolated due to an anomalous outlier or insufficient sample size.

How do asking rents at Bisha compare to local and municipal benchmarks?

Bisha asks an average rent of $3,564 per month at $5.25 per square foot, comparing against the broader Entertainment District submarket asking benchmark of $3,542 per month at $5.53 per square foot. The building's lower nominal rent variance is influenced by suite configuration layouts, while its asking rate per square foot trades at a 5.1 percent discount represented by a rate of -5.1 percent across a total submarket inventory pool of 153 active listings.

Recent Leased Transactions & Contract Prices

Recent lease transactions, absorption velocity, and the difference between landlord asking prices and actual prices agreed to by tenants at Bisha (Data period: For the month of August 2026).

Units Leased5
Avg Leased Price$3,070
Avg Leased Size599 sf
Avg Days to Lease9d
Leased $/SF$4.88

Leased Transaction Insights & Questions

How many suites were leased at Bisha last month, and how fast did they rent?

At Bisha, 30-day leasing velocity registered a 9-day average days on market, compared to a 17-day average over the 90-day window and a submarket benchmark of 20 days. Leasing turnover accelerated notably during the summer months, rising from 6 closed leases in the 90-day window to 5 closed leases in the most recent 30-day period. Lifetime closed lease volume reached 19 transactions, demonstrating consistent absorption across the building.

What is the negotiation spread between asking rents and closed lease prices at Bisha?

At Bisha, transactions closed on average at an average premium of $48 per month over asking (a 1.85% premium), generating $576 per year in additional rental revenue. Landlords held firm pricing leverage throughout the tracking period, with competitive rental demand driving units slightly past original list prices.

What are typical executed lease prices across different layouts at Bisha?

At Bisha, the highest-volume anchor layouts were 1-Bedroom + Den units averaging an average rent of $2,967 per month, a median rent of $3,000 per month, a P25-P75 range of $2,650 to $3,200 per month, an average of 617 square feet, a rate of $4.82 per square foot, and 20 days on market across 9 closed leases. Studio suites averaged an average rent of $2,175 per month, a median rent of $2,050 per month, a P25-P75 range of $1,900 to $2,325 per month, an average of 396 square feet, a rate of $5.50 per square foot, and 22 days on market across 4 closed leases (note that this represents a small or limited sample, not an individual deal). 2-Bedroom suites averaged an average rent of $3,888 per month, a median rent of $3,725 per month, a P25-P75 range of $3,675 to $3,938 per month, an average of 825 square feet, a rate of $4.72 per square foot, and 12 days on market across 4 closed leases (note that this represents a small or limited sample, not an individual deal). 1-Bedroom suites recorded an average rent of $2,400 per month, a median rent of $2,400 per month, a P25-P75 range of $2,400 to $2,400 per month, an average of 550 square feet, a rate of $4.36 per square foot, and 5 days on market across 1 closed lease (note that this represents an individual deal rather than a broad statistical benchmark). 2-Bedroom + Den suites recorded an average rent of $6,500 per month, a median rent of $6,500 per month, a P25-P75 range of $6,500 to $6,500 per month, an average of 400 square feet, a rate of $16.25 per square foot, and 18 days on market across 1 closed lease (note that this represents an individual deal rather than a broad statistical benchmark).

What measurable rent premium did suites with parking achieve in closed leases at Bisha?

At Bisha, paired data was insufficient to reliably isolate a distinct realized parking premium. Parking stalls were predominantly bundled into overarching lease agreements without separate line-item values. Active asking data similarly lacked reliable standalone parking premiums to establish a quantified separate fee.

How does the lease-to-listing ratio at Bisha reflect current tenant demand?

At Bisha, overall rent trajectories moved upward from spring through late summer before moderating in August. April opened with 3 closed deals averaging $2,583 per month at $5.40 per square foot over 25 days on market. May followed with 4 closed deals averaging $3,088 per month at $5.02 per square foot over 15 days on market. June recorded 6 closed deals averaging $3,533 per month at $6.55 per square foot over 24 days on market. July posted 1 closed deal averaging $3,200 per month at $4.92 per square foot over 17 days on market. August closed out the period with 5 closed deals averaging $3,070 per month at $4.88 per square foot over 9 days on market.

Historical Active Listings & Market Dynamics

Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.

Suite Filters
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Chart Metrics
Max 2 Plotted
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Left AxisAsking Price
Avg Asking Price
Right AxisUnits Available
Avg Units Available
Historical statistics trends for active listings
DateUnits AvailableAvg Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-04-27630156334.7861
2026-04-28832186754.7640
2026-04-29930826444.7937
2026-04-30832186754.7642
2026-05-01831366504.8132
2026-05-02831366504.8133
2026-05-03831366504.8134
2026-05-04629646174.8145
2026-05-05629646174.8146
2026-05-06629646174.8147
2026-05-07728125864.8041
2026-05-08728125864.8042
2026-05-09728125864.8043
2026-05-10728125864.8044
2026-05-11826985634.8040
2026-05-12826985634.8041
2026-05-13826985634.8042
2026-05-14931215446.0738
2026-05-15931215446.0739
2026-05-16931215446.0740
2026-05-17931215446.0741
2026-05-18931215446.0742
2026-05-19831365446.1545
2026-05-20831365446.1546
2026-05-21831365446.1547
2026-05-22831365446.1548
2026-05-23831365446.1549
2026-05-24831365446.1550
2026-05-25831365446.1551
2026-05-26733125646.3557
2026-05-27733125646.3558
2026-05-28733125646.3559
2026-05-29733125646.3560
2026-05-30733125646.3561
2026-05-31733125646.3562
2026-06-01627815924.7070
2026-06-02525785604.6279
2026-06-03525785604.6280
2026-06-04625575584.5967
2026-06-05625575584.5968
2026-06-06625575584.5969
2026-06-07625575584.5970
2026-06-08625575584.5971
2026-06-09424735384.6297
2026-06-10424735384.6298
2026-06-11424735384.6299
2026-06-12424735384.62100
2026-06-13424735384.62101
2026-06-14424735384.62102
2026-06-15424735384.62103
2026-06-16528946504.5383
2026-06-17528946504.5384
2026-06-18528946504.5385
2026-06-19730536794.5761
2026-06-20730536794.5762
2026-06-21632457254.5467
2026-06-22632457254.5468
2026-06-23533147604.3959
2026-06-24435688134.4422
2026-06-25335578004.5129
2026-06-26335578004.5130
2026-06-27335578004.5131
2026-06-28335578004.5132
2026-06-29335578004.5133
2026-06-30335578004.5134
2026-07-01335578004.5135
2026-07-02432937004.9527
2026-07-03432937004.9528
2026-07-04432937004.9529
2026-07-05432937004.9530
2026-07-06332907174.9036
2026-07-07332907174.9037
2026-07-08332907174.9038
2026-07-09332907174.9039
2026-07-10332907174.9040
2026-07-11332907174.9041
2026-07-12332907174.9042
2026-07-13332907174.9043
2026-07-14332907174.9044
2026-07-15332907174.9045
2026-07-16332907174.9046
2026-07-17332907174.9047
2026-07-18332907174.9048
2026-07-19332907174.9049
2026-07-20332907174.9050
2026-07-21332907174.9051
2026-07-22226455255.2760
2026-07-23226455255.2761
2026-07-24325805335.0041
2026-07-25325805335.0042
2026-07-26325805335.0043
2026-07-27325805335.0044
2026-07-28325805335.0045
2026-07-29226455255.2767
2026-07-30326475674.8745
2026-07-31326475674.8746
2026-08-01326475674.8747
2026-08-02326475674.8748
2026-08-03326475674.8749
2026-08-04427855884.8938
2026-08-05427855884.8939
2026-08-06529686404.7832
2026-08-07727495714.9923
2026-08-08727495714.9924
2026-08-09727495714.9925
2026-08-10626735585.0030
2026-08-11425355255.0344
2026-08-12527085505.0736
2026-08-13527085505.0737
2026-08-14527085505.0738
2026-08-15527085505.0739
2026-08-16527085505.0740
2026-08-17628235675.1034
2026-08-18628235675.1035
2026-08-19628235675.1036
2026-08-20528585505.3040
2026-08-21631326165.2134
2026-08-22631326165.2135
2026-08-23631326165.2136
2026-08-24530786095.2143
2026-08-25635646915.2537
2026-08-26635646915.2538
2026-08-27635646915.2539
2026-08-28635646915.2540
2026-08-29635646915.2541
2026-08-30635646915.2542
2026-08-31635646915.2543

12-Month Market Dynamics & Trend Trajectory

Bisha has established a consistent leasing history backed by 19 lifetime closed transactions. Realized lease averages sit at $3,150 per month and $5.52 per square foot across an average suite size of 599 square feet, with a lifetime average of 18 days on market signaling steady tenant turnover. Pricing discipline at the building heavily favors property owners. Landlords successfully secured an average premium of $48 per month over asking (a 1.85% premium), capturing $576 per year in additional rental revenue and confirming firm landlord pricing leverage.

Loading inventory data…

Historical building statistics - leased transactions

This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.

Property & transaction filters
Chart metrics & timeframe
Max 2 selected
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Latest leased insights and trends

Left AxisLeased Price
Avg Leased Price
Right AxisUnits Leased
Avg Units Leased
Historical statistics trends for leased transactions
DateUnits LeasedAvg Leased Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-05-03236507504.806
2026-05-100N/AN/AN/AN/A
2026-05-17131505505.7327
2026-05-24119004004.7519
2026-05-312512557510.6325
2026-06-07227256004.5324
2026-06-140N/AN/AN/AN/A
2026-06-21227506254.4924
2026-06-280N/AN/AN/AN/A
2026-07-05132006504.9217
2026-07-120N/AN/AN/AN/A
2026-07-190N/AN/AN/AN/A
2026-07-260N/AN/AN/AN/A
2026-08-020N/AN/AN/AN/A
2026-08-09330336334.935
2026-08-16126506504.0821
2026-08-23136006505.547

Nearby Building Rental Comparables & Price Spreads

Direct rental rate comparisons against residential properties in the immediate vicinity.

Bisha at 88 Blue Jays Way is evaluated against a competitive set of four nearby condominium buildings within the Entertainment District, spanning completion years from 2011 to 2023 and featuring active listing counts ranging from 16 to 51 leases over the past 180 days. This micro-market encompasses modern mid-rise and high-rise structural generations, anchored by nearby competitors including 357 King West built in 2023 (0.03 km away, 37 active comps), King Blue - King Tower built in 2020 (0.05 km away, 35 active comps), King Blue - South Tower built in 2020 (0.06 km away, 51 active comps), and M5V Condominiums built in 2011 (0.06 km away, 16 active comps). Across this immediate competitive landscape, the overall comparable benchmark averages $2,660 per month at $4.38 per square foot across an average suite size of 630 square feet. Built in 2017, Bisha sits comfortably within this generational mix, establishing a higher realized lease rate per square foot that reflects its central address, strong landlord leverage, and robust internal amenities relative to both older properties like M5V Condominiums and newer developments in the immediate vicinity.

357 King St W, Toronto

Avg Asking$2,821/mo
Avg $/SF$4.05
Rent Spread:
-$743/mo (-20.9%) Lower

125 Blue Jays Way, Toronto

Avg Asking$2,907/mo
Avg $/SF$4.15
Rent Spread:
-$657/mo (-18.4%) Lower

115 Blue Jays Way, Toronto

Avg Asking$2,243/mo
Avg $/SF$4.66
Rent Spread:
-$1,321/mo (-37.1%) Lower

375 King St W, Toronto

Avg Asking$2,765/mo
Avg $/SF$4.62
Rent Spread:
-$799/mo (-22.4%) Lower

36 Blue Jays Way, Toronto

Avg Asking$3,619/mo
Avg $/SF$4.83
Rent Spread:
+$55/mo (+1.5%) Higher

55 Mercer St, Toronto

Avg Asking$2,818/mo
Avg $/SF$4.79
Rent Spread:
-$746/mo (-20.9%) Lower

Comparable Analysis & Questions

How do rental rates at Bisha compare to neighbouring buildings within Entertainment District?

Bisha records an average lease rent of $3,150 per month, positioning it above the overall competitive average of $2,660 per month across key benchmarks such as 357 King West, King Blue - King Tower, King Blue - South Tower, and M5V Condominiums. Individual competitor results show 357 King West (357 King St W) averaging $2,622 per month at $3.99 per square foot across 665 square feet, King Blue - King Tower (125 Blue Jays Way) averaging $3,124 per month at $4.21 per square foot across 749 square feet, King Blue - South Tower (115 Blue Jays Way) averaging $2,132 per month at $4.55 per square foot across 474 square feet, and M5V Condominiums (375 King St W) averaging $2,762 per month at $4.75 per square foot across 632 square feet.

Does Bisha offer a competitive price-per-square-foot ($/SF) against local comparables?

Bisha offers a value proposition characterized by a realized lease rate of $5.52 per square foot across an average suite size of 599 square feet, trading at a premium compared to the overall submarket benchmark rate of $4.52 per square foot. Renters evaluating Bisha versus nearby alternatives like 357 King West at $3.99 per square foot or King Blue - King Tower at $4.21 per square foot are trading off slightly higher monthly cost per square foot for superior central positioning, high-end building management, and efficient, modern interior layouts. While older or larger alternatives such as King Blue - King Tower provide more expansive footprints averaging 749 square feet at $4.21 per square foot, Bisha appeals directly to tenants prioritizing lifestyle efficiency and walkability over raw square footage.

How do building age, amenities, and developer reputation impact rent spreads?

Bisha delivers a comprehensive, hotel-inspired lifestyle and amenity profile that compares favorably against surrounding developments in the Entertainment District. The subject building features signature amenities including a 24-hour Concierge & Security service, a fully equipped Gym & Fitness Centre, an Outdoor Pool, a relaxing Sauna & Steam Room, and a dynamic Rooftop Terrace. When contrasted with nearby competitors, Bisha matches or exceeds peer offerings such as the yoga studio and juice bar at 357 King West (357 King St W), the indoor and outdoor pools alongside the Theatre Museum Canada at King Blue - King Tower (125 Blue Jays Way), the courtyard spaces at King Blue - South Tower (115 Blue Jays Way), and the hot tubs at M5V Condominiums (375 King St W). This amenity suite particularly serves young professionals, corporate executives, and urbanites seeking an upscale, hospitality-driven residential experience in downtown Toronto.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Bisha.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Outdoor Pool
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Business Centre
  • Games & Billiards Room
  • Rooftop Terrace
  • Dining Room & Kitchen
  • Salon

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Bisha.

Snapshot Dates & Benchmark Cadence

  • Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of August 31, 2026.
  • Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (August 2026 vs July 2026), ensuring consistent baseline periods and eliminating intra-month reporting volatility.
  • Point-in-Time Daily History: Daily charts capture point-in-time active listings available on any given calendar day.

Public Data Aggregation & Thresholds

  • Public Data Aggregation: FastScreen aggregates residential rental listing and completed lease transaction records from publicly available sources.
  • Threshold Filtering: All listings are subject to a minimum monthly rental threshold of $1,000 to filter out standalone storage lockers, private parking spaces, and misclassified commercial entries from condominium statistics.

Calculation Formulations

  • Average Asking Rent: Weighted average of active asking prices across available suites in the reporting period.
  • Price Per Square Foot ($/SF): Calculated by dividing rent by square footage only for listings that provide unit dimensions (suites without stated square footage are excluded from $/SF calculations).
  • Days on Market (DOM): Measures elapsed calendar days between the date a suite is first listed and either the benchmark snapshot date (for active listings) or the finalized date leased.
  • Parking & Den Differentials: Average asking rent differences between suites with vs. without parking, and suites with vs. without a den.

Data Limitations & Scope

  • Exclusively Public Records: Statistics are derived exclusively from publicly available rental listings and completed lease records. Private direct-to-landlord arrangements, unadvertised tenant renewals, and off-market rental agreements are not captured.
  • Agreed Contract Amounts: Reported lease amounts reflect agreed contract rents and do not account for private move-in allowances or individual unit renovations that may influence pricing spreads.

Disclaimer: The information and statistics presented on this page (including asking rents, lease prices, de-listed listings, average square footage, days on market, and implied suite premiums) are aggregated from public listing sources for general informational, educational, and reference purposes only. FastScreen does not guarantee the accuracy, completeness, or timeliness of any data shown. This information does not constitute financial, investment, legal, or professional real estate advice. Users should conduct their own independent research and consult with licensed professionals before making any rental, leasing, property management, or real estate investment decisions.