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Market Data as of August 31, 2026

The Britt — Rental Market Data

955 Bay St, Toronto, Ontario M5S 0C6
Quick Rent Estimate
Active Suites7 Available
Type
Units
Avg Rent
3-Bedroom+
3
$4,700
1-Bedroom
2
$1,190
2-Bedroom
1
$3,500
Studio
1
$1,900

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2020
Total Suites691
DeveloperLanterra Developments

The Britt at 955 Bay St in the Downtown Core of Toronto is an established 691-suite residential development completed in 2020 by Lanterra Developments featuring 7 active listings and an availability rate of 1.0%. Over the past 90 days, the building recorded 62 closed leases with an average of 17 days on the market, while the 30-day window saw 15 closed leases with an average of 16 days on the market.

Current asking rents average $3,126 per month at a rate of $4.36 per square foot, comparing against realized 90-day leases averaging $2,848 per month at $4.58 per square foot. Current active listings average 682 square feet compared to an all-time historical average of 618 square feet, while active asking rates sit 4.4% below the submarket asking benchmark of $4.56 per square foot.

Closed days on the market averaged 16 days over the past 30 days while delisted properties sat for 37 days, and 26.1% of recent leases closed under asking with tenants securing an average discount of $23 per month or 0.59% below asking. Prospective tenants looking at the building currently encounter a small selection of 3-bedroom-plus layouts making up 42.9% of inventory alongside limited studio and 2-bedroom options.

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Active Rental Inventory & Asking Rates

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

Active Units7
-9 (56.3%)
Avg Asking Rent$3,126
-$191 (5.7%)
Avg Suite Size682 sf
-10 sf (1.4%)
Avg Days on Market37d
+15d (70.3%)
Avg Asking $/SF$4.36
-$0.45 (9.3%)

Active Market Insights & Questions

How has rental availability changed at The Britt recently?

The Britt features 7 active listings as of August 31, 2026, with an asking price range between $1,080 and $5,200 per month, an average asking rent of $3,126 per month, and a median asking rent of $3,500 per month. Active suites average 682 square feet with an asking rate of $4.36 per square foot. Three-bedroom-plus layouts dominate the active inventory at a 42.9% share, skewing current availability toward multi-bedroom family-sized layouts rather than compact entry-level units.

What floor plans and unit layouts are currently available at The Britt?

Three-bedroom-plus configurations represent the dominant active layout at The Britt with 3 active listings holding a 42.9% inventory share. 1-bedroom suites account for 2 listings or 28.6% of inventory, averaging $1,190 per month across 400 square feet at $2.98 per square foot. 2-bedroom suites and studios each hold a single listing at a 14.3% share, with the 2-bedroom asking $3,500 per month across 750 square feet at $4.67 per square foot and the studio asking $1,900 per month across 400 square feet at $4.75 per square foot.

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

The Britt exhibits a minimum entry rent of $1,080 per month and a peak asking rent of $5,200 per month, creating a dollar spread of $4,120 per month or 381.5%. The building records a median asking rent of $3,500 per month. The entry-level suite consists of a 1-bedroom unit spanning 400 square feet at $2.70 per square foot, while the peak suite comprises a 3-bedroom-plus layout spanning 1,126 square feet at $4.62 per square foot.

How much extra do parking spaces and dens cost at The Britt?

Active den premium figures cannot be isolated at The Britt as square footage deltas and marginal price differences are currently unquantified. Active parking premium data cannot be reliably isolated due to an insufficient sample of paired listings. Prospective renters should verify parking stall costs directly with individual landlords or property management.

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

The Britt asks an average of $3,126 per month at $4.36 per square foot, comparing against the Downtown Core submarket asking averages of $3,471 per month and $4.56 per square foot. The lower nominal monthly outlay is driven by compact suite sizing across select listings rather than discounted unit pricing. The building's asking rate per square foot sits 4.4% below the submarket asking benchmark while representing 3.1% of total submarket active inventory.

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 The Britt (Data period: For the month of August 2026).

Units Leased15
Avg Leased Price$3,212
Avg Leased Size618 sf
Avg Days to Lease16d
Leased $/SF$4.56

Leased Transaction Insights & Questions

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

At The Britt located at 955 Bay St, the 30-day days on market averaged 16 days, the 90-day days on market averaged 17 days, and the broader Downtown Core submarket benchmark sits at 21 days. Leasing turnover accelerated significantly over the summer season, moving from 15 closed leases in the 30-day window to 62 closed leases across the 90-day window, culminating in 88 lifetime closed leases tracked in the historical dataset.

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

At The Britt, tenants secured an average discount of $23 per month or 0.59% below asking, resulting in annual tenant savings of $276 per year. Exactly 26.1% of leases closed under asking price, establishing a mildly tenant-favorable leasing environment where prospective renters maintained slight pricing leverage.

What are typical executed lease prices across different layouts at The Britt?

The Britt recorded the highest transaction volumes in 1-Bedroom suites with 23 closed leases at an average rent of $2,273 per month and 17 days on market, followed by 1-Bedroom + Den units with 21 closed leases averaging $2,405 per month across 14 days on market. Studio suites recorded 11 closed leases, averaging $1,986 per month with a median of $2,000 per month, a P25-P75 range of $1,900 to $2,025 per month, an average size of 397 square feet, a rate of $5.00 per square foot, and 14 days on market across a statistically robust sample. Two-Bedroom suites logged 14 closed leases, averaging $3,252 per month with a median of $3,225 per month, a P25-P75 range of $3,042 to $3,450 per month, an average size of 707 square feet, a rate of $4.61 per square foot, and 20 days on market across a robust sample. Two-Bedroom + Den suites accounted for 11 closed leases, averaging $3,541 per month with a median of $3,500 per month, a P25-P75 range of $3,325 to $3,675 per month, an average size of 777 square feet, a rate of $4.55 per square foot, and 32 days on market across a robust sample. Three-Bedroom + units posted 8 closed leases, averaging $4,694 per month with a median of $4,925 per month, a P25-P75 range of $4,438 to $5,025 per month, an average size of 969 square feet, a rate of $4.86 per square foot, and 23 days on market across a statistically robust sample.

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

At The Britt, realized parking premiums could not be isolated due to insufficient paired data, indicating that parking stalls were either bundled into primary lease agreements or lacked distinct line-item disclosures. Active asking data similarly showed inconclusive parking metrics, preventing reliable isolation of separate vehicle stall premiums.

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

At The Britt, monthly average rents followed an upward trajectory as the spring leasing market transitioned into peak summer demand. In April 2026, 3 units closed at an average rent of $2,167 per month, a rate of $4.43 per square foot, and 10 days on market. In May 2026, 21 units closed at an average rent of $2,685 per month, a rate of $4.58 per square foot, and 25 days on market. In June 2026, 22 units closed at an average rent of $2,580 per month, a rate of $4.57 per square foot, and 17 days on market. In July 2026, 27 units closed at an average rent of $2,920 per month, a rate of $4.62 per square foot, and 19 days on market. In August 2026, 15 units closed at an average rent of $3,212 per month, a rate of $4.56 per square foot, and 16 days on market.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at The Britt (Data period: For the month of August 2026).

Delisted Units6
Avg Asking Price$3,442
Avg Suite Size667 sf
Avg Days on Market37d
Delisted $/SF$5.24

De-Listed Market Analysis & Questions

How many listings de-listed at The Britt, and what was their re-listing price compared to previous asking?

At The Britt, a total of 6 units were delisted, translating to a delisted-to-leased ratio of 40% relative to historical volume, comprising 5 terminated listings and 1 suspended listing with zero expired listings. This ratio indicates that landlords pulled roughly 1 listing for every 2.5 successful leases executed in the building.

How do asking prices on de-listed suites compare to executed leases and active listings at The Britt?

At The Britt, unrented units asked an average of $3,442 per month, which is $230 per month above realized lease averages of $3,212 per month. Although unrented units commanded a higher rate per square foot of $5.24 compared to the realized $4.56 benchmark due to smaller average floor plans, they were overall overpriced nominally relative to realized leases, signaling that landlords who pushed above market clearing rates failed to secure tenants.

What market friction causes rental listings to stall or de-list at The Britt?

At The Britt, delisted units recorded an average of 37 days on market compared to 16 days for realized leases, creating an excess marketing duration of 21 days. This extended vacancy carry translates to roughly 0.70 months of lost rental income plus ongoing monthly condo maintenance fees, illustrating the tangible financial carrying cost of unrented overpricing.

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)
2026-04-271828296674.3728
2026-04-281928546714.3828
2026-04-291928546714.3829
2026-04-302028166654.3528
2026-05-012128496694.3628
2026-05-022128496694.3629
2026-05-032128496694.3630
2026-05-042227996484.4626
2026-05-052227996484.4627
2026-05-061927416554.3724
2026-05-071728056674.4126
2026-05-082128736714.4422
2026-05-092128736714.4423
2026-05-102128956764.4423
2026-05-112429616794.5021
2026-05-122429616794.5022
2026-05-132229806814.5323
2026-05-142429966794.5722
2026-05-152330446914.5623
2026-05-162229786794.5525
2026-05-172229786794.5526
2026-05-182229786794.5527
2026-05-192029786844.5229
2026-05-202029186694.5327
2026-05-211829846784.5926
2026-05-221730597004.5425
2026-05-231631327194.5326
2026-05-241532007404.4828
2026-05-251631507284.4727
2026-05-261631507284.4728
2026-05-271730837094.5028
2026-05-281730837094.5029
2026-05-291631267194.5128
2026-05-301830066924.5026
2026-05-311730776564.6823
2026-06-011829966504.6217
2026-06-022029916434.6816
2026-06-032230336524.6713
2026-06-042330076524.6313
2026-06-052230286524.6615
2026-06-062330056484.6615
2026-06-072429806484.6115
2026-06-082628886354.5415
2026-06-092429296424.5515
2026-06-102329126414.5313
2026-06-112429456504.5213
2026-06-122329866614.5014
2026-06-132430146664.5114
2026-06-142429946564.5915
2026-06-152429786874.4815
2026-06-162529746824.5115
2026-06-172429966834.5416
2026-06-182429966834.5417
2026-06-192629826754.5816
2026-06-202529486684.5916
2026-06-212529486684.5917
2026-06-222629426674.5818
2026-06-232629426674.5819
2026-06-242529326684.5517
2026-06-252429536734.5616
2026-06-262230116934.5018
2026-06-272230116934.5019
2026-06-282530336924.5418
2026-06-292630637004.5318
2026-06-302630637004.5319
2026-07-012530867064.5320
2026-07-022331547264.5022
2026-07-032431147184.4822
2026-07-042530417064.4322
2026-07-052331107214.4322
2026-07-062431247214.4421
2026-07-072530797084.4621
2026-07-082531957264.5021
2026-07-092631367234.4219
2026-07-102631367234.4220
2026-07-112430687154.4023
2026-07-122630747044.4922
2026-07-132531087064.5323
2026-07-142232237414.4527
2026-07-152031767334.4527
2026-07-161931587324.4429
2026-07-171831487314.4429
2026-07-181732047504.3731
2026-07-191632987164.5732
2026-07-201632987164.5733
2026-07-211632987164.5734
2026-07-221633167094.6331
2026-07-231432837034.6229
2026-07-241532477004.5923
2026-07-251632326964.5922
2026-07-261832897044.6621
2026-07-271832897044.6622
2026-07-281733367074.7122
2026-07-291633797044.7823
2026-07-301634547204.7824
2026-07-311633166924.8122
2026-08-011633166924.8123
2026-08-021533457024.7822
2026-08-031433707054.7924
2026-08-041434917304.7525
2026-08-051433997304.5222
2026-08-061533797484.3421
2026-08-071432457234.3119
2026-08-081432457234.3120
2026-08-091432457234.3121
2026-08-101432457234.3122
2026-08-111233367274.3926
2026-08-121233367274.3927
2026-08-131334687564.4021
2026-08-141236407864.4823
2026-08-151236407864.4824
2026-08-161236407864.4825
2026-08-171335527754.4324
2026-08-181235027774.3425
2026-08-191335377754.4124
2026-08-201236327864.4726
2026-08-211234327484.4424
2026-08-221135167574.4927
2026-08-231135167574.4928
2026-08-24836167784.4534
2026-08-25836167784.4535
2026-08-26833607354.3836
2026-08-27933037254.3832
2026-08-28933037254.3833
2026-08-29933037254.3834
2026-08-30833607354.3840
2026-08-31731266824.3637

12-Month Market Dynamics & Trend Trajectory

At The Britt, located at 955 Bay St, historical leasing activity spans 88 closed transactions with an overall average rent of $2,803 per month, a rate of $4.58 per square foot, an average suite size of 618 square feet, and an average marketing duration of 19 days. Tenant turnover reflects an established 691-suite development with steady absorption across compact urban floor plans and larger multi-bedroom configurations. Pricing discipline in the building leaned slightly toward tenants, with 26.1% of transactions securing concessions below asking price. Realized lease negotiations resulted in an average discount of $23 per month or 0.59% below asking, returning modest annual savings to incoming occupants while confirming that landlords faced light pushback on price when exceeding local clearing thresholds.

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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
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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)
2026-05-03725115604.4226
2026-05-10530856804.5019
2026-05-17726995784.7424
2026-05-24222454754.8036
2026-05-31429836384.709
2026-06-07523905104.7217
2026-06-14527146204.4021
2026-06-21724545454.6119
2026-06-28422945134.559
2026-07-05628836504.4912
2026-07-12928226174.7218
2026-07-19334677504.6245
2026-07-26631176914.5118
2026-08-02327935335.3720
2026-08-09227757003.945
2026-08-16431887634.1015
2026-08-23434137134.7612
2026-08-30239258754.4734

Nearby Building Rental Comparables & Price Spreads

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

The competitive landscape surrounding The Britt at 955 Bay St features a diverse mix of residential towers, including The Britt at 31 Phipps Street (0.02 kilometers away, built in 2019, with 5 active listings), Century Plaza at 24 Wellesley St W (0.09 kilometers away, built in 1991, with 12 active listings), 1001 Bay at 1001 Bay St (0.09 kilometers away, built in 1990, with 30 active listings), and 1Thousand Bay at 57 St Joseph St (0.11 kilometers away, built in 2016, with 64 active listings). This micro-market spans structural generations, contrasting mature early-1990s high-rises against newer mid-2010s and modern developments. Within this active rental cluster, the overall comparable benchmark registers an average lease rent of $2,815 per month, an average rate of $4.35 per square foot, and an average suite size of 695 square feet. Completed in 2020, The Britt positions itself squarely as a modern institutional-grade asset, balancing contemporary suite efficiency against older, larger footprints in the immediate vicinity while maintaining competitive pricing dynamics relative to surrounding tower options.

31 Phipps Street, Toronto

Avg Asking$2,687/mo
Avg $/SF$4.69
Rent Spread:
-$439/mo (-14.0%) Lower

1001 Bay St, Toronto

Avg Asking$2,945/mo
Avg $/SF$3.84
Rent Spread:
-$181/mo (-5.8%) Lower

24 Wellesley St W, Toronto

Avg Asking$2,940/mo
Avg $/SF$3.75
Rent Spread:
-$185/mo (-5.9%) Lower

57 St Joseph St, Toronto

Avg Asking$2,671/mo
Avg $/SF$4.73
Rent Spread:
-$455/mo (-14.6%) Lower

62 Wellesley St W, Toronto

Avg Asking$4,050/mo
Avg $/SF$2.83
Rent Spread:
+$924/mo (+29.6%) Higher

11 St Joseph St, Toronto

Avg Asking$2,753/mo
Avg $/SF$3.68
Rent Spread:
-$373/mo (-11.9%) Lower

Comparable Analysis & Questions

How do rental rates at The Britt compare to neighbouring buildings within Downtown Core?

The Britt at 955 Bay St achieves an average lease rent of $2,803 per month, aligning closely with the overall competitive benchmark of $2,815 per month across its primary Downtown Core competitors. Individual competitor performance varies by vintage and layout scale: The Britt at 31 Phipps Street reports an average lease rent of $2,687 per month at $4.69 per square foot across an average of 620 square feet; Century Plaza at 24 Wellesley St W commands an average lease rent of $2,930 per month at $3.70 per square foot across an average of 804 square feet; 1001 Bay at 1001 Bay St records an average lease rent of $3,003 per month at $4.00 per square foot across an average of 805 square feet; and 1Thousand Bay at 57 St Joseph St logs an average lease rent of $2,638 per month at $5.00 per square foot across an average of 551 square feet.

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

The Britt at 955 Bay St offers a compelling value proposition, leasing at an average rate of $4.58 per square foot across an average footprint of 618 square feet compared to the submarket benchmark of $4.48 per square foot. Renters evaluating this building versus older alternatives navigate a classic trade-off between modern spatial efficiency and vintage scale: while mature properties like 1001 Bay St offer larger average footprints of 805 square feet at a lower rate of $4.00 per square foot, tenants at The Britt trade raw square footage for superior building age, contemporary interior finishes, and lower long-term utility burdens. Conversely, compact modern alternatives like 57 St Joseph St push higher density at $5.00 per square foot across tighter 551-square-foot layouts, positioning The Britt as a well-balanced middle ground in modern space utilization.

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

The Britt delivers an extensive, resort-style amenity package that significantly outperforms older legacy competitors and matches top-tier modern towers in the Downtown Core. Signature offerings include an indoor pool, an outdoor pool, a dedicated yoga and spin studio, a pet wash station, and a comprehensive business and media center. When contrasted against mature alternatives like Century Plaza at 24 Wellesley St W—which relies on standard fitness and social rooms—The Britt provides a vastly superior wellness and lifestyle infrastructure complete with dual indoor and outdoor aquatic facilities and specialized fitness spaces. Similarly, compared to 31 Phipps Street, The Britt introduces advanced dedicated movement studios and pet infrastructure, making it exceptionally well-suited for urban professionals and pet owners seeking a complete, all-inclusive residential lifestyle.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around The Britt.

Building Amenities

  • Concierge & Security
  • Shared Laundry Room
  • Gym & Fitness Centre
  • Yoga Studio
  • Spin Studio
  • Indoor Pool
  • Outdoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Business Centre
  • Media & Theatre Room
  • Library & Reading Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Pet Wash Station

Data Methodology & Analytical Standards

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

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.