Toronto Submarket Hub

Downtown East Rental Comps & Market Trends

Access granular residential building comps, verified lease benchmarks, and real-time inventory for 72 tracked properties across Downtown East, Toronto.

Postal Codes Covered:M5A, M5B, M5C

Active Rental Inventory

Listed and Tracked by FastScreen as of August 2026

Current publicly listed rental units and asking prices across Downtown East

Active Listings
238units
Across 72 buildings
Average Asking Rent
$2,557/mo
+1.2% Asking Trend
Average Unit Size
607SF
Asking layout average
Average Asking / SF
$4.31/SF
Current asking rate
Average Days on Market
36days
Active listing age

Closed Leases

Transactions that closed in August 2026 across Downtown East

Units Leased
303closed
Executed transactions
Average Leased Rent
$2,435/mo
-0.4% MoM Delta
Average Leased SF
585SF
Executed size average
Average Leased / SF
$4.27/SF
Realized per-foot rate
Average Days on Market
23days
Days to execute lease

Downtown East Rental Rates by Unit Layout

Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.

Studio / Bachelor
$1,828/mo
$4.41/SF · 406 SF
-$56 vs Toronto
1-Bedroom
$2,138/mo
$4.44/SF · 501 SF
-$133 vs Toronto
1-Bedroom + Den
$2,397/mo
$4.18/SF · 577 SF
-$68 vs Toronto
2-Bedroom
$2,743/mo
$4.07/SF · 685 SF
-$304 vs Toronto
2-Bedroom + Den
$3,355/mo
$4.27/SF · 843 SF
+$31 vs Toronto
3-Bedroom+
$3,497/mo
$4.16/SF · 845 SF
-$658 vs Toronto

Downtown East Tracked Buildings & Lease Comps

Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Downtown East, Toronto.

$2,209
avg leased
Leased $/SF: $4.23/SF
Days on Market: 37d
Closed Leases: 26
Active Supply: 34 units
Condo ResidenceBuilding Comps
$2,118
avg leased
Leased $/SF: $4.00/SF
Days on Market: 20d
Closed Leases: 26
Active Supply: 5 units
304 Total SuitesBuilding Comps
Grid Condos

181 Dundas St E

$2,345
avg leased
Leased $/SF: $4.07/SF
Days on Market: 26d
Closed Leases: 17
Active Supply: 21 units
563 Total SuitesBuilding Comps
Prime

319 Jarvis St

$2,317
avg leased
Leased $/SF: $4.53/SF
Days on Market: 19d
Closed Leases: 16
Active Supply: 17 units
595 Total SuitesBuilding Comps
$2,330
avg leased
Leased $/SF: $5.08/SF
Days on Market: 20d
Closed Leases: 15
Active Supply: 15 units
681 Total SuitesBuilding Comps
88 Queen

88 Queen St E

$2,915
avg leased
Leased $/SF: $4.28/SF
Days on Market: 17d
Closed Leases: 15
Active Supply: 10 units
587 Total SuitesBuilding Comps
88 North

77 Shuter St

$2,301
avg leased
Leased $/SF: $4.21/SF
Days on Market: 17d
Closed Leases: 14
Active Supply: 12 units
407 Total SuitesBuilding Comps
199 Church Condos

82 Dalhousie Street

$2,737
avg leased
Leased $/SF: $4.63/SF
Days on Market: 25d
Closed Leases: 13
Active Supply: 11 units
484 Total SuitesBuilding Comps
$2,682
avg leased
Leased $/SF: $4.13/SF
Days on Market: 24d
Closed Leases: 11
Active Supply: 7 units
602 Total SuitesBuilding Comps
River & Fifth

5 Defries St

$2,334
avg leased
Leased $/SF: $4.39/SF
Days on Market: 20d
Closed Leases: 11
Active Supply: 7 units
583 Total SuitesBuilding Comps
Max Condos

77 Mutual St

$2,455
avg leased
Leased $/SF: $4.45/SF
Days on Market: 13d
Closed Leases: 10
Active Supply: 4 units
363 Total SuitesBuilding Comps
Pace

159 Dundas St E

$2,644
avg leased
Leased $/SF: $4.10/SF
Days on Market: 22d
Closed Leases: 9
Active Supply: 5 units
387 Total SuitesBuilding Comps
in.DE

219 Dundas St E

$2,397
avg leased
Leased $/SF: $4.20/SF
Days on Market: 34d
Closed Leases: 8
Active Supply: 9 units
222 Total SuitesBuilding Comps
$2,663
avg leased
Leased $/SF: $4.22/SF
Days on Market: 18d
Closed Leases: 8
Active Supply: 8 units
505 Total SuitesBuilding Comps
on Parliament

30 Dreamers Way

$2,294
avg leased
Leased $/SF: $3.71/SF
Days on Market: 15d
Closed Leases: 8
Active Supply: 6 units
628 Total SuitesBuilding Comps
Fleur

60 Shuter St

$2,479
avg leased
Leased $/SF: $4.60/SF
Days on Market: 19d
Closed Leases: 7
Active Supply: 3 units
321 Total SuitesBuilding Comps
East United Condos

120 Parliament St

$2,489
avg leased
Leased $/SF: $4.42/SF
Days on Market: 15d
Closed Leases: 7
Active Supply: 1 units
329 Total SuitesBuilding Comps
Ivy Condos

65 Mutual St

$2,642
avg leased
Leased $/SF: $4.58/SF
Days on Market: 19d
Closed Leases: 6
Active Supply: 4 units
256 Total SuitesBuilding Comps
365 Church

365 Church St

$2,500
avg leased
Leased $/SF: $4.32/SF
Days on Market: 14d
Closed Leases: 6
Active Supply: 3 units
387 Total SuitesBuilding Comps
$2,415
avg leased
Leased $/SF: $4.18/SF
Days on Market: 23d
Closed Leases: 6
Active Supply: 3 units
350 Total SuitesBuilding Comps
$2,957
avg leased
Leased $/SF: $4.14/SF
Days on Market: 32d
Closed Leases: 6
Active Supply: 2 units
55 Total SuitesBuilding Comps
Jac Condos

308 Jarvis St

$2,310
avg leased
Leased $/SF: $4.88/SF
Days on Market: 15d
Closed Leases: 5
Active Supply: 4 units
489 Total SuitesBuilding Comps
Core Condominiums

68 Shuter St

$2,450
avg leased
Leased $/SF: $4.02/SF
Days on Market: 25d
Closed Leases: 5
Active Supply: 1 units
221 Total SuitesBuilding Comps
$3,000
avg leased
Leased $/SF: $2.85/SF
Days on Market: 93d
Closed Leases: 5
Active Supply: 1 units
53 Total SuitesBuilding Comps
The King East

318 King St E

$2,156
avg leased
Leased $/SF: $4.40/SF
Days on Market: 29d
Closed Leases: 4
Active Supply: 2 units
210 Total SuitesBuilding Comps
$2,738
avg leased
Leased $/SF: $4.74/SF
Days on Market: 22d
Closed Leases: 4
Active Supply: 2 units
116 Total SuitesBuilding Comps
28 Eastern

28 Eastern Ave

$2,231
avg leased
Leased $/SF: $4.21/SF
Days on Market: 25d
Closed Leases: 4
Active Supply: 1 units
379 Total SuitesBuilding Comps
$2,023
avg leased
Leased $/SF: $4.49/SF
Days on Market: 24d
Closed Leases: 4
Active Supply: 1 units
363 Total SuitesBuilding Comps
$3,100
avg leased
Leased $/SF: $3.87/SF
Days on Market: 57d
Closed Leases: 3
Active Supply: 4 units
234 Total SuitesBuilding Comps
One Park Place South

55 Regent Park Blvd

$2,067
avg leased
Leased $/SF: $3.94/SF
Days on Market: 41d
Closed Leases: 3
Active Supply: 3 units
416 Total SuitesBuilding Comps
$1,983
avg leased
Leased $/SF: $3.38/SF
Days on Market: 19d
Closed Leases: 3
Active Supply: 1 units
314 Total SuitesBuilding Comps
The Quarters

256 Jarvis Street

$3,833
avg leased
Leased $/SF: $2.17/SF
Days on Market: 13d
Closed Leases: 3
Active Supply: 1 units
54 Total SuitesBuilding Comps
Paintbox

225 Sackville St

$2,467
avg leased
Leased $/SF: $3.91/SF
Days on Market: 11d
Closed Leases: 3
Active Supply: 0 units
282 Total SuitesBuilding Comps
$3,033
avg leased
Leased $/SF: $4.45/SF
Days on Market: 34d
Closed Leases: 3
Active Supply: 0 units
182 Total SuitesBuilding Comps
Metropolitan Essex

298 Jarvis St

$3,267
avg leased
Leased $/SF: $3.15/SF
Days on Market: 42d
Closed Leases: 3
Active Supply: 0 units
124 Total SuitesBuilding Comps
Trinity Lofts

90 Trinity St

$2,483
avg leased
Leased $/SF: $4.52/SF
Days on Market: 14d
Closed Leases: 3
Active Supply: 0 units
82 Total SuitesBuilding Comps
River City I

47 Lower River St/51 Trolley Cres

$2,300
avg leased
Leased $/SF: $3.98/SF
Days on Market: 19d
Closed Leases: 2
Active Supply: 5 units
349 Total SuitesBuilding Comps
The Derby

393 King St E

$3,325
avg leased
Leased $/SF: $4.15/SF
Days on Market: 48d
Closed Leases: 2
Active Supply: 3 units
26 Total SuitesBuilding Comps
Alter

89 McGill St

$2,240
avg leased
Leased $/SF: $4.82/SF
Days on Market: 12d
Closed Leases: 2
Active Supply: 2 units
337 Total SuitesBuilding Comps
$2,775
avg leased
Leased $/SF: $3.48/SF
Days on Market: 44d
Closed Leases: 2
Active Supply: 1 units
46 Total SuitesBuilding Comps
The Wyatt

20 Tubman Ave

$2,675
avg leased
Leased $/SF: $4.14/SF
Days on Market: 32d
Closed Leases: 2
Active Supply: 0 units
343 Total SuitesBuilding Comps
The Bartholomew

200 Sackville St

$2,125
avg leased
Leased $/SF: $3.86/SF
Days on Market: 23d
Closed Leases: 2
Active Supply: 0 units
188 Total SuitesBuilding Comps
Jazz

167 Church Street

$1,940
avg leased
Leased $/SF: $4.36/SF
Days on Market: 10d
Closed Leases: 1
Active Supply: 2 units
388 Total SuitesBuilding Comps
Maddox Cabbagetown

191-201 Sherbourne Street

$2,920
avg leased
Leased $/SF: $3.44/SF
Days on Market: 20d
Closed Leases: 1
Active Supply: 2 units
373 Total SuitesBuilding Comps
41 River

41 River Street

$2,850
avg leased
Leased $/SF: $3.80/SF
Days on Market: 15d
Closed Leases: 1
Active Supply: 2 units
27 Total SuitesBuilding Comps
River City II

32 Trolley Cres

$3,400
avg leased
Leased $/SF: $3.58/SF
Days on Market: 36d
Closed Leases: 1
Active Supply: 1 units
249 Total SuitesBuilding Comps
One Park West

260 Sackville St

$3,450
avg leased
Leased $/SF: $3.14/SF
Days on Market: 46d
Closed Leases: 1
Active Supply: 1 units
177 Total SuitesBuilding Comps
Boot

75 Dalhousie St

$2,150
avg leased
Leased $/SF: $3.31/SF
Days on Market: 6d
Closed Leases: 1
Active Supply: 1 units
156 Total SuitesBuilding Comps
$2,100
avg leased
Leased $/SF: $3.23/SF
Days on Market: 19d
Closed Leases: 1
Active Supply: 1 units
105 Total SuitesBuilding Comps
Gerrard Place

86 Gerrard Street E

$2,800
avg leased
Leased $/SF: $2.55/SF
Days on Market: 23d
Closed Leases: 1
Active Supply: 1 units
56 Total SuitesBuilding Comps
250 Jarvis

250 Jarvis Street

$2,600
avg leased
Leased $/SF: $2.74/SF
Days on Market: 15d
Closed Leases: 1
Active Supply: 1 units
55 Total SuitesBuilding Comps
Home on Power

52 Power Street

$1,600
avg leased
Leased $/SF: $4.00/SF
Days on Market: 25d
Closed Leases: 1
Active Supply: 0 units
505 Total SuitesBuilding Comps
$1,950
avg leased
Leased $/SF: $4.33/SF
Days on Market: 20d
Closed Leases: 1
Active Supply: 0 units
291 Total SuitesBuilding Comps
$2,000
avg leased
Leased $/SF: $4.04/SF
Days on Market: 23d
Closed Leases: 1
Active Supply: 0 units
119 Total SuitesBuilding Comps
$2,350
avg leased
Leased $/SF: $3.62/SF
Days on Market: 39d
Closed Leases: 1
Active Supply: 0 units
74 Total SuitesBuilding Comps
$3,600
avg leased
Leased $/SF: $3.27/SF
Days on Market: 16d
Closed Leases: 1
Active Supply: 0 units
46 Total SuitesBuilding Comps
Tannery Lofts

736 Dundas St E

$2,300
avg leased
Leased $/SF: $4.18/SF
Days on Market: 5d
Closed Leases: 1
Active Supply: 0 units
45 Total SuitesBuilding Comps
$1,950
avg leased
Leased $/SF: $4.88/SF
Days on Market: 13d
Closed Leases: 1
Active Supply: 0 units
44 Total SuitesBuilding Comps
$3,150
avg leased
Leased $/SF: $3.71/SF
Days on Market: 29d
Closed Leases: 1
Active Supply: 0 units
39 Total SuitesBuilding Comps
$3,650
avg leased
Leased $/SF: $4.29/SF
Days on Market: 9d
Closed Leases: 1
Active Supply: 0 units
38 Total SuitesBuilding Comps
The Knitting Mill

426 Queen St E

$2,550
avg leased
Leased $/SF: $3.00/SF
Days on Market: 14d
Closed Leases: 1
Active Supply: 0 units
28 Total SuitesBuilding Comps
The Elm

25 Dalhousie Street

$3,910
avg asking
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 3 units
542 Total SuitesBuilding Comps
The Brewery Lofts

90 Sumach St

$4,400
avg asking
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 2 units
110 Total SuitesBuilding Comps
The Ledbury

30 Mutual Street

$4,120
avg asking
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 1 units
542 Total SuitesBuilding Comps
T.O. Condominium

117 Gerrard St E

$1,600
avg asking
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 1 units
156 Total SuitesBuilding Comps
Five Condos

105 Yonge Street

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
539 Total SuitesBuilding Comps
199 Church

199 Church St

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
484 Total SuitesBuilding Comps
76 Shuter

76 Shuter St

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
124 Total SuitesBuilding Comps
Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
37 Total SuitesBuilding Comps
Carhartt Lofts

535 Queen Street E

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
11 Total SuitesBuilding Comps
282 Parliament Street

282 Parliament Street

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
Condo ResidenceBuilding Comps
377 Church Street N

377 Church Street N

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
Condo ResidenceBuilding Comps
Calculation Methodology & Metrics Context (August 2026)
Average Leased Rent:

Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in Downtown East.

Leased $/SF & Density:

Realized monthly lease price divided by interior living square footage (excluding external terraces and parking valuations).

Closed Leases & Fallbacks:

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.

Days on Market & Supply:

The duration from public MLS listing publication to final binding agreement. Active supply reflects current vacant or upcoming units available for rent.

Downtown East Rental Market Dynamics & Local Yield Trends

Comprehensive Residential Market & Yield Overview for Downtown East

Downtown East is an established residential submarket within Toronto, comprising 72 tracked condominium and multi-family properties. The neighbourhood benefits from strong local demand, proximity to regional employment nodes, and accessible neighborhood commercial amenities.

Transportation throughout Downtown East is anchored by municipal transit connections, primary arterial thoroughfares, and nearby regional highways, connecting residents efficiently across Toronto and the wider Greater Toronto Area.

The residential inventory in Downtown East features a balanced mix of contemporary condominium developments and established multi-residential suites, offering versatile floor plans tailored to individuals, couples, and working professionals.

Submarket Pricing Density & Municipal Benchmark Spread

The realized average lease rate in Downtown East is currently $2,435/month ($4.27/SF), with an average leasing velocity of 23 Days on Market. Compared to the overall Toronto municipal benchmark ($2,770/month), Downtown East trades at a 12% discount, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Home on Power ($1,600/mo) to The Quarters ($3,833/mo).

Currently across Downtown East's 72 tracked multi-family properties, there are 238 active rental listings with an average asking rent of $2,557/month ($4.31/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,435/month, representing real-world contract values negotiated between property owners and prospective tenants.

For Renters

Evaluate both verified closed lease comps and active asking prices across Downtown East to pinpoint value. Units featuring included parking stalls and private balconies represent high-utility assets. With an average of 23 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

Aligning initial asking rents with recent 30-day closed transactions rather than speculative active listings prevents extended vacancy periods and protects net operating income. At an average rent of $2,435/mo, each day of vacancy costs $81/day. Pricing your listing accurately to 30-day verified comps eliminates costly extended marketing periods and protects your annual net operating income.

For Realtors

Review building-level historical lease velocity and $/SF trends in Downtown East to prepare comprehensive, defensible comparative market analyses for clients. Utilize granular building-level $/SF comps across Downtown East's 72 properties when preparing client CMAs. Highlight transit walking times, parking inclusions, and balcony square footage to command premium tenant interest.

Frequently Asked Questions

Downtown East Rental Market & Leasing FAQs

Essential insights for tenants, property owners, and real estate professionals navigating Downtown East, Toronto

Based on lease transactions tracked by FastScreen in August 2026 across 72 tracked condominium and apartment buildings in Downtown East, realized rents by unit layout average:

  • Studio / Bachelor:$1,828/mo($4.41/SF · 406 SF)
    -$56 vs Toronto avg
  • 1-Bedroom:$2,138/mo($4.44/SF · 501 SF)
    -$133 vs Toronto avg
  • 1-Bedroom + Den:$2,397/mo($4.18/SF · 577 SF)
    -$68 vs Toronto avg
  • 2-Bedroom:$2,743/mo($4.07/SF · 685 SF)
    -$304 vs Toronto avg
  • 2-Bedroom + Den:$3,355/mo($4.27/SF · 843 SF)
    +$31 vs Toronto avg
  • 3-Bedroom+:$3,497/mo($4.16/SF · 845 SF)
    -$658 vs Toronto avg

Overall market leasing across all unit layouts averaged $2,435/month ($4.27/SF) with an average of 23 Days on Market. Active rental listings currently average $2,557/month ($4.31/SF) for an average unit size of 607 SF.

Explore Other Toronto Submarkets

Compare neighbourhood comps and rental rates for leased units across Toronto against Downtown East

View Toronto Hub
Downtown West
125 buildings · $3,016/mo
+$581/mo (+23.9%)Higher
North Midtown
122 buildings · $2,642/mo
+$207/mo (+8.5%)Higher
South Midtown
95 buildings · $3,546/mo
+$1,111/mo (+45.6%)Higher
Downtown Core
87 buildings · $2,929/mo
+$494/mo (+20.3%)Higher
Toronto East
84 buildings · $2,540/mo
+$105/mo (+4.3%)Higher
Toronto West
68 buildings · $2,790/mo
+$355/mo (+14.6%)Higher
Cabbagetown
67 buildings · $2,755/mo
+$320/mo (+13.1%)Higher
Bloor-Yorkville
61 buildings · $3,625/mo
+$1,190/mo (+48.9%)Higher
St. Lawrence
58 buildings · $2,722/mo
+$287/mo (+11.8%)Higher
Entertainment District
50 buildings · $2,807/mo
+$372/mo (+15.3%)Higher
CityPlace / Fort York
46 buildings · $2,822/mo
+$387/mo (+15.9%)Higher
The Annex
44 buildings · $3,291/mo
+$856/mo (+35.2%)Higher
Harbourfront
37 buildings · $3,039/mo
+$604/mo (+24.8%)Higher
High Park
37 buildings · $2,673/mo
+$238/mo (+9.8%)Higher
East York
33 buildings · $2,248/mo
-$187/mo (-7.7%)Lower
Scarborough North
27 buildings · $2,575/mo
+$140/mo (+5.7%)Higher
Junction
26 buildings · $2,393/mo
-$42/mo (-1.7%)Lower
East Bayfront
25 buildings · $3,199/mo
+$764/mo (+31.4%)Higher
Liberty Village
24 buildings · $2,750/mo
+$315/mo (+12.9%)Higher
Don Valley North
20 buildings · $2,756/mo
+$321/mo (+13.2%)Higher
Dovercourt
19 buildings · $2,485/mo
+$50/mo (+2.1%)Higher
Parkdale
19 buildings · $2,917/mo
+$482/mo (+19.8%)Higher
Yorkdale
19 buildings · $2,410/mo
-$25/mo (-1.0%)Lower
Downsview
19 buildings · $1,788/mo
-$647/mo (-26.6%)Lower
Oakwood
17 buildings · $1,874/mo
-$561/mo (-23.0%)Lower
Don Mills
17 buildings · $2,375/mo
-$60/mo (-2.5%)Lower
Etobicoke North
14 buildings · $2,302/mo
-$133/mo (-5.5%)Lower
Etobicoke Centre
13 buildings · $2,593/mo
+$158/mo (+6.5%)Higher
Scarborough South
12 buildings · $2,997/mo
+$562/mo (+23.1%)Higher
Scarborough East
12 buildings · $2,650/mo
+$215/mo (+8.8%)Higher
Scarborough West
12 buildings · $2,250/mo
-$185/mo (-7.6%)Lower
Etobicoke South
11 buildings · $2,499/mo
+$64/mo (+2.6%)Higher
Willowdale
10 buildings · $2,700/mo
+$265/mo (+10.9%)Higher
North York City Centre
7 buildings · $2,639/mo
+$204/mo (+8.4%)Higher
Etobicoke Kingsway
6 buildings · $2,300/mo
-$135/mo (-5.5%)Lower
Weston
5 buildings · $2,578/mo
+$143/mo (+5.9%)Higher
Scarborough City Centre
3 buildings · $2,245/mo
-$190/mo (-7.8%)Lower
Mimico
3 buildings · $2,661/mo
+$226/mo (+9.3%)Higher
North York West
3 buildings · $2,000/mo
-$435/mo (-17.9%)Lower
York Mills
2 buildings · $1,825/mo
-$610/mo (-25.1%)Lower
Halton Hills
1 building · $2,770/mo
+$335/mo (+13.8%)Higher