Downtown Core Rental Comps & Market Trends
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 87 tracked properties across Downtown Core, Toronto.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across Downtown Core
Closed Leases
Transactions that closed in August 2026 across Downtown Core
Downtown Core Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.
Downtown Core Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Downtown Core, Toronto.
| Action | |||||
|---|---|---|---|---|---|
Massey Tower 197 Yonge St | $2,627/mo | $4.25/SF | 22leases | 5units | Comps |
INDX 70 Temperance St | $2,584/mo | $4.49/SF | 22leases | 3units | Comps |
11 Wellesley on the Park 11 Wellesley St W | $2,991/mo | $5.01/SF | 17leases | 16units | Comps |
Aura at College Park 386-388 Yonge St | $3,497/mo | $4.16/SF | 15leases | 20units | Comps |
Teahouse - North Tower 18 Maitland Terr | $2,369/mo | $4.87/SF | 15leases | 7units | Comps |
YC Condos 7 Grenville Street / 460 Yonge Street | $3,186/mo | $4.80/SF | 14leases | 14units | Comps |
The Britt 955 Bay St | $3,121/mo | $4.52/SF | 12leases | 15units | Comps |
Yonge + Rich 25 Richmond St E/20-22 Lombard St | $2,625/mo | $4.73/SF | 12leases | 9units | Comps |
1Thousand Bay 57 St Joseph St | $2,647/mo | $5.13/SF | 12leases | 5units | Comps |
Panda 20 Edward St | $2,861/mo | $4.78/SF | 11leases | 16units | Comps |
The Polo Club II 44 St Joseph St | $2,705/mo | $4.18/SF | 10leases | 3units | Comps |
8 Wellesley East 8 Wellesley St E | $3,039/mo | $5.41/SF | 9leases | 9units | Comps |
The Liberties on Bay I 717 Bay St | $3,525/mo | $3.15/SF | 8leases | 1unit | Comps |
Teahouse - South Tower 501 Yonge St | $3,571/mo | $4.94/SF | 7leases | 15units | Comps |
Residences of College Park II 761 Bay St | $3,079/mo | $3.86/SF | 7leases | 11units | Comps |
Five 5 St Joseph St | $2,893/mo | $4.49/SF | 7leases | 11units | Comps |
The Gloucester on Yonge 1 - 3 Gloucester St | $3,650/mo | $5.11/SF | 7leases | 10units | Comps |
Karma 15 Grenville St | $2,776/mo | $4.92/SF | 7leases | 9units | Comps |
Murano - North Tower 37 Grosvenor St | $2,979/mo | $4.47/SF | 7leases | 5units | Comps |
The Royalton 801 Bay St | $2,900/mo | $3.82/SF | 7leases | 4units | Comps |
Pantages Tower 210 Victoria St | $3,256/mo | $4.14/SF | 7leases | 3units | Comps |
Lumiere 770 Bay St | $2,842/mo | $3.88/SF | 6leases | 9units | Comps |
U Condominiums - West Tower 65 St Mary St | $3,125/mo | $4.50/SF | 6leases | 6units | Comps |
Horizon on Bay 633 Bay Street | $2,717/mo | $3.73/SF | 6leases | 5units | Comps |
1001 Bay 1001 Bay St | $2,499/mo | $3.66/SF | 6leases | 4units | Comps |
Empire Plaza 33 University Ave | $3,433/mo | $2.93/SF | 6leases | 0units | Comps |
One City Hall 111 Elizabeth St | $2,600/mo | $4.01/SF | 5leases | 8units | Comps |
1 King West Hotel and Residences 1 King St W | $2,215/mo | $4.63/SF | 5leases | 5units | Comps |
Burano Condominiums 832 Bay St | $2,996/mo | $4.13/SF | 5leases | 5units | Comps |
Residences of College Park I 763 Bay St | $3,020/mo | $4.60/SF | 5leases | 4units | Comps |
18 Yonge 18 Yonge St | $2,340/mo | $3.98/SF | 5leases | 4units | Comps |
The Tower 736 Bay St | $2,535/mo | $4.09/SF | 5leases | 2units | Comps |
88 Scott 88 Scott St | $2,413/mo | $4.34/SF | 4leases | 5units | Comps |
Murano - South Tower 38 Grenville St | $3,374/mo | $4.64/SF | 4leases | 5units | Comps |
U Condominiums - East Tower 1080 Bay St | $3,725/mo | $5.39/SF | 4leases | 3units | Comps |
The Met 21 Carlton St | $3,025/mo | $4.20/SF | 4leases | 3units | Comps |
The Britt 31 Phipps Street | $2,484/mo | $4.94/SF | 4leases | 1unit | Comps |
Encore at The Met II 25 Carlton St | $2,250/mo | $4.44/SF | 4leases | 1unit | Comps |
Opera Place I 887 Bay St | $2,688/mo | $3.43/SF | 4leases | 1unit | Comps |
Nicholas Residences 75 St Nicholas St | $2,767/mo | $4.79/SF | 3leases | 4units | Comps |
Eleven Residences 11 St Joseph St | $2,800/mo | $3.81/SF | 3leases | 3units | Comps |
The Polo Club I 1055 Bay St | $2,467/mo | $4.36/SF | 3leases | 2units | Comps |
Ïce Condominiums II 14 York St | $2,150/mo | $4.39/SF | 3leases | 1unit | Comps |
King Plaza 92 King St E | $3,150/mo | $3.55/SF | 3leases | 1unit | Comps |
Pantages Hotel Condo Suites 200 Victoria St | $1,800/mo | $4.50/SF | 3leases | 1unit | Comps |
The Wellington 30 Wellington St E | $4,400/mo | $2.82/SF | 3leases | 0units | Comps |
elev'n21 1121 Bay St | $2,975/mo | $4.97/SF | 2leases | 5units | Comps |
Chestnut Park 55 Centre Ave | $2,225/mo | $3.42/SF | 2leases | 4units | Comps |
The Penrose 750 Bay St | $3,850/mo | $3.38/SF | 2leases | 3units | Comps |
St. Regis Residences Toronto 311 Bay St | $7,775/mo | $9.51/SF | 2leases | 3units | Comps |
Century Plaza 24 Wellesley St W | $2,750/mo | $3.93/SF | 2leases | 2units | Comps |
The Liberties on Bay III 44 Gerrard St W | $3,300/mo | $3.54/SF | 2leases | 1unit | Comps |
Residences at 555 Yonge 555 Yonge St | $2,550/mo | $4.04/SF | 2leases | 1unit | Comps |
Ïce Condominiums I 12 York St | $4,290/mo | $4.60/SF | 2leases | 0units | Comps |
Spire 33 Lombard St | $3,750/mo | $4.29/SF | 2leases | 0units | Comps |
The Gallery 25 Grenville St | $2,620/mo | $3.49/SF | 2leases | 0units | Comps |
King Edward Private Residences 22 Leader Lane | $2,475/mo | $4.84/SF | 2leases | 0units | Comps |
The Ellington 7 Carlton St | $2,900/mo | $4.33/SF | 1lease | 6units | Comps |
The Liberties on Bay II 711 Bay St | $3,000/mo | $3.53/SF | 1lease | 5units | Comps |
Living Shangri-La Toronto 180 University Ave | $8,800/mo | $5.18/SF | 1lease | 4units | Comps |
38 Elm at Plaza 38 Elm St | $3,800/mo | $3.45/SF | 1lease | 3units | Comps |
Sixty Colborne 60 Colborne St | $4,000/mo | $4.18/SF | 1lease | 3units | Comps |
Metropole 7 King St E | $3,950/mo | $3.04/SF | 1lease | 2units | Comps |
Opera Place II 889 Bay St | $3,300/mo | $3.88/SF | 1lease | 2units | Comps |
Opus Pantages 220 Victoria St | $2,500/mo | $3.85/SF | 1lease | 2units | Comps |
Biltmore Apartments 33 Maitland Street | $1,650/mo | $4.13/SF | 1lease | 2units | Comps |
126 Dundas Street 126 Dundas Street | $2,300/mo | $3.07/SF | 1lease | 2units | Comps |
The Allegro at Opera Place 909 Bay St | $2,650/mo | $4.15/SF | 1lease | 1unit | Comps |
Lexington 45 Carlton St | $4,200/mo | $3.23/SF | 1lease | 0units | Comps |
Gloucester Gate 30 Gloucester Street | $2,000/mo | $3.64/SF | 1lease | 0units | Comps |
The Cosmopolitan 25 Maitland St | $2,100/mo | $3.00/SF | 1lease | 0units | Comps |
Indigo 50 Lombard St | $3,400/mo | $3.58/SF | 1lease | 0units | Comps |
Queen's Park Place 62 Wellesley St W | $3,500/mo | $2.95/SF | 1lease | 0units | Comps |
Graphic Arts Building 73 Richmond St W | $2,600/mo | $3.47/SF | 1lease | 0units | Comps |
Cosmopolitan 8 Colborne Street | $10,250(ask) | $5.69 (ask) | 0leases | 4units | Comps |
Motion 570 Bay Street | $3,823(ask) | $3.52 (ask) | 0leases | 1unit | Comps |
Symphony Place 71 Simcoe St | $4,000(ask) | $3.08 (ask) | 0leases | 1unit | Comps |
Teahouse Condos 401 Yonge Street | — | — | 0leases | 0units | Comps |
8 Wellesley 8 Wellesley St W | — | — | 0leases | 0units | Comps |
Square - North Tower 65 Bremner Blvd | — | — | 0leases | 0units | Comps |
Square - South Tower 55 Bremner Blvd | — | — | 0leases | 0units | Comps |
Infinity Condominiums III 19 Grand Trunk Cres | — | — | 0leases | 0units | Comps |
Infinity Condominiums - I 30 Grand Trunk Cres | — | — | 0leases | 0units | Comps |
Infinity Condominiums - The Final Phase 25 Lower Simcoe St | — | — | 0leases | 0units | Comps |
Infinity Condominiums II 51 Lower Simcoe St | — | — | 0leases | 0units | Comps |
Seventy Seven Charles 77 Charles St W | — | — | 0leases | 0units | Comps |
Gooderham Court 30 Church Street | — | — | 0leases | 0units | Comps |
197 Yonge St
70 Temperance St
11 Wellesley St W
386-388 Yonge St
18 Maitland Terr
7 Grenville Street / 460 Yonge Street
955 Bay St
25 Richmond St E/20-22 Lombard St
57 St Joseph St
20 Edward St
44 St Joseph St
8 Wellesley St E
717 Bay St
501 Yonge St
761 Bay St
5 St Joseph St
1 - 3 Gloucester St
15 Grenville St
37 Grosvenor St
801 Bay St
210 Victoria St
770 Bay St
65 St Mary St
633 Bay Street
1001 Bay St
33 University Ave
111 Elizabeth St
1 King St W
832 Bay St
763 Bay St
18 Yonge St
736 Bay St
88 Scott St
38 Grenville St
1080 Bay St
21 Carlton St
31 Phipps Street
25 Carlton St
887 Bay St
75 St Nicholas St
11 St Joseph St
1055 Bay St
14 York St
92 King St E
200 Victoria St
30 Wellington St E
1121 Bay St
55 Centre Ave
750 Bay St
311 Bay St
24 Wellesley St W
44 Gerrard St W
555 Yonge St
12 York St
33 Lombard St
25 Grenville St
22 Leader Lane
7 Carlton St
711 Bay St
180 University Ave
38 Elm St
60 Colborne St
7 King St E
889 Bay St
220 Victoria St
33 Maitland Street
126 Dundas Street
909 Bay St
45 Carlton St
30 Gloucester Street
25 Maitland St
50 Lombard St
62 Wellesley St W
73 Richmond St W
8 Colborne Street
570 Bay Street
71 Simcoe St
401 Yonge Street
8 Wellesley St W
65 Bremner Blvd
55 Bremner Blvd
19 Grand Trunk Cres
30 Grand Trunk Cres
25 Lower Simcoe St
51 Lower Simcoe St
77 Charles St W
30 Church Street
Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in Downtown Core.
Realized monthly lease price divided by interior living square footage (excluding external terraces and parking valuations).
Total executed lease agreements. In boutique buildings with fewer than 2 monthly leases, comps automatically expand to a 90-day rolling window to preserve statistical validity.
The duration from public MLS listing publication to final binding agreement. Active supply reflects current vacant or upcoming units available for rent.
Downtown Core Rental Market Dynamics & Local Yield Trends
The Financial Heart & Highest-Density Employment Epicenter of Canada
The Downtown Core is the economic heartbeat of the Greater Toronto Area, housing the country's largest financial institutions, legal headquarters, tech accelerators, and academic institutions including Toronto Metropolitan University and the University of Toronto St. George campus. Residential leasing is exceptionally fast-paced, driven by young professionals prioritizing zero-commute urban lifestyles.
Mobility is defined by the TTC Line 1 subway loop (Union, King, Queen, Dundas stations) and the underground PATH pedestrian network spanning over 30 kilometers of weather-protected retail and transit walkways. Direct access to Union Station provides seamless connections to GO Transit, the UP Express to Pearson International Airport, and VIA Rail.
The building stock consists predominantly of high-density glass-and-steel towers constructed between 2008 and 2024, alongside historic conversions and loft residences. Floor plans range from efficient studio micro-units to expansive multi-bedroom executive penthouses.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Downtown Core is currently $2,929/month ($4.44/SF), with an average leasing velocity of 18 Days on Market. Compared to the overall Toronto municipal benchmark ($2,770/month), Downtown Core trades at a 6% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Biltmore Apartments ($1,650/mo) to Living Shangri-La Toronto ($8,800/mo).
Currently across Downtown Core's 87 tracked multi-family properties, there are 331 active rental listings with an average asking rent of $3,341/month ($4.61/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,929/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
High competition requires prospective tenants to have complete verification packages (credit reports, verified employment, photo ID, bank drafts) ready immediately upon viewing. In-demand 1-bedroom units often lease within 72 hours. With an average of 18 days on market, prepare pre-verified credit reports, proof of employment, and deposit drafts prior to viewings. Check building construction completion dates to confirm Ontario rent control guideline applicability.
For Landlords
Turnover is highest during seasonal transitions in late summer (August–September) and spring (April–May). Pricing right at market value minimizes downtime between tenancies, preserving cash flow. At an average rent of $2,929/mo, each day of vacancy costs $98/day. Pricing your listing accurately to 30-day verified comps eliminates costly extended marketing periods and protects your annual net operating income.
For Realtors
Emphasize PATH network access and transit proximity when marketing listings. Dedicated work-from-home dens and included storage lockers command strong interest from hybrid finance and tech tenants. Utilize granular building-level $/SF comps across Downtown Core's 87 properties when preparing client CMAs. Highlight transit walking times, parking inclusions, and balcony square footage to command premium tenant interest.
Downtown Core Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Downtown Core, Toronto
Based on lease transactions tracked by FastScreen in August 2026 across 87 tracked condominium and apartment buildings in Downtown Core, realized rents by unit layout average:
- Studio / Bachelor:$2,084/mo($5.09/SF · 413 SF)+$200 vs Toronto avg
- 1-Bedroom:$2,363/mo($4.64/SF · 542 SF)+$92 vs Toronto avg
- 1-Bedroom + Den:$2,670/mo($4.31/SF · 633 SF)+$205 vs Toronto avg
- 2-Bedroom:$3,434/mo($4.24/SF · 862 SF)+$387 vs Toronto avg
- 2-Bedroom + Den:$3,887/mo($4.20/SF · 937 SF)+$563 vs Toronto avg
- 3-Bedroom+:$4,521/mo($4.58/SF · 1014 SF)+$366 vs Toronto avg
Overall market leasing across all unit layouts averaged $2,929/month ($4.44/SF) with an average of 18 Days on Market. Active rental listings currently average $3,341/month ($4.61/SF) for an average unit size of 739 SF.
Explore Other Toronto Submarkets
Compare neighbourhood comps and rental rates for leased units across Toronto against Downtown Core