Toronto Submarket Hub

Harbourfront Rental Comps & Market Trends

Access granular residential building comps, verified lease benchmarks, and real-time inventory for 37 tracked properties across Harbourfront, Toronto.

Postal Codes Covered:M5E, M5J, M5V

Active Rental Inventory

Listed and Tracked by FastScreen as of August 2026

Current publicly listed rental units and asking prices across Harbourfront

Active Listings
58units
Across 37 buildings
Average Asking Rent
$3,152/mo
+1.2% Asking Trend
Average Unit Size
710SF
Asking layout average
Average Asking / SF
$4.67/SF
Current asking rate
Average Days on Market
38days
Active listing age

Closed Leases

Transactions that closed in August 2026 across Harbourfront

Units Leased
46closed
Executed transactions
Average Leased Rent
$3,039/mo
+4.4% MoM Delta
Average Leased SF
739SF
Executed size average
Average Leased / SF
$4.22/SF
Realized per-foot rate
Average Days on Market
20days
Days to execute lease

Harbourfront Rental Rates by Unit Layout

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

Studio / Bachelor
$2,150/mo
$5.38/SF · 400 SF
+$266 vs Toronto
1-Bedroom
$2,293/mo
$4.48/SF · 525 SF
+$22 vs Toronto
1-Bedroom + Den
$2,705/mo
$3.91/SF · 694 SF
+$240 vs Toronto
2-Bedroom
$3,425/mo
$4.16/SF · 831 SF
+$378 vs Toronto
2-Bedroom + Den
$4,025/mo
$3.87/SF · 1043 SF
+$701 vs Toronto
3-Bedroom+
$5,313/mo
$4.14/SF · 1312 SF
+$1,158 vs Toronto

Harbourfront Tracked Buildings & Lease Comps

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

$3,210
avg leased
Leased $/SF: $4.28/SF
Days on Market: 21d
Closed Leases: 13
Active Supply: 21 units
720 Total SuitesBuilding Comps
$2,623
avg leased
Leased $/SF: $4.45/SF
Days on Market: 21d
Closed Leases: 11
Active Supply: 16 units
743 Total SuitesBuilding Comps
$2,738
avg leased
Leased $/SF: $4.24/SF
Days on Market: 21d
Closed Leases: 6
Active Supply: 5 units
496 Total SuitesBuilding Comps
$2,545
avg leased
Leased $/SF: $4.75/SF
Days on Market: 76d
Closed Leases: 4
Active Supply: 0 units
678 Total SuitesBuilding Comps
Success Tower at Centre

16 - 18 Harbour St

$3,725
avg leased
Leased $/SF: $3.82/SF
Days on Market: 30d
Closed Leases: 3
Active Supply: 6 units
492 Total SuitesBuilding Comps
Centre - Tower I

16 Yonge St

$2,817
avg leased
Leased $/SF: $3.75/SF
Days on Market: 24d
Closed Leases: 3
Active Supply: 3 units
500 Total SuitesBuilding Comps
$3,733
avg leased
Leased $/SF: $4.27/SF
Days on Market: 8d
Closed Leases: 3
Active Supply: 1 units
364 Total SuitesBuilding Comps
550 Queen's Quay West

550 Queens Quay W

$2,993
avg leased
Leased $/SF: $3.68/SF
Days on Market: 9d
Closed Leases: 3
Active Supply: 1 units
246 Total SuitesBuilding Comps
Atrium on Queens Quay

650 Queens Quay W

$2,125
avg leased
Leased $/SF: $4.13/SF
Days on Market: 28d
Closed Leases: 2
Active Supply: 1 units
289 Total SuitesBuilding Comps
III

270 Queens Quay W

$2,575
avg leased
Leased $/SF: $3.14/SF
Days on Market: 9d
Closed Leases: 2
Active Supply: 1 units
225 Total SuitesBuilding Comps
$2,475
avg leased
Leased $/SF: $5.42/SF
Days on Market: 49d
Closed Leases: 2
Active Supply: 0 units
634 Total SuitesBuilding Comps
Queen's Harbour

600 Queens Quay W

$2,500
avg leased
Leased $/SF: $4.47/SF
Days on Market: 6d
Closed Leases: 2
Active Supply: 0 units
276 Total SuitesBuilding Comps
$2,500
avg leased
Leased $/SF: $3.85/SF
Days on Market: 13d
Closed Leases: 1
Active Supply: 3 units
298 Total SuitesBuilding Comps
Ten York

10 York St

$5,800
avg leased
Leased $/SF: $4.46/SF
Days on Market: 11d
Closed Leases: 1
Active Supply: 0 units
694 Total SuitesBuilding Comps
Waterclub I

8 York St

$3,550
avg leased
Leased $/SF: $4.18/SF
Days on Market: 49d
Closed Leases: 1
Active Supply: 0 units
427 Total SuitesBuilding Comps
$3,300
avg leased
Leased $/SF: $4.40/SF
Days on Market: 29d
Closed Leases: 1
Active Supply: 0 units
421 Total SuitesBuilding Comps
Pier 27 I

29 Queens Quay E

$3,800
avg leased
Leased $/SF: $4.22/SF
Days on Market: 12d
Closed Leases: 1
Active Supply: 0 units
304 Total SuitesBuilding Comps
Tip Top Lofts

637 Lake Shore Blvd W

$3,900
avg leased
Leased $/SF: $4.15/SF
Days on Market: 15d
Closed Leases: 1
Active Supply: 0 units
256 Total SuitesBuilding Comps
500 Queen's Quay West

500 Queens Quay W

$3,450
avg leased
Leased $/SF: $3.14/SF
Days on Market: 17d
Closed Leases: 1
Active Supply: 0 units
191 Total SuitesBuilding Comps
Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
810 Total SuitesBuilding Comps
Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
635 Total SuitesBuilding Comps
Harbourside

55 - 65 Harbour Sq

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
602 Total SuitesBuilding Comps
Harbour Square

33 Harbour Sq

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

228 - 230 Queens Quay W

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
517 Total SuitesBuilding Comps
Waterclub II

208 Queens Quay W

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
460 Total SuitesBuilding Comps
Waterlink at Pier 27

39 Queens Quay E

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
409 Total SuitesBuilding Comps
Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
408 Total SuitesBuilding Comps
Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
400 Total SuitesBuilding Comps
Waterclub III

218 Queens Quay W

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
296 Total SuitesBuilding Comps
World Trade Centre II

10 Queens Quay W

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
291 Total SuitesBuilding Comps
Aqua on Queen's Quay

410 Queens Quay W

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
273 Total SuitesBuilding Comps
Harbourpoint - Phase II

260 Queens Quay W

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
218 Total SuitesBuilding Comps
Harbourpoint - Phase I

250 Queens Quay W

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
135 Total SuitesBuilding Comps
King's Landing

460-480 Queens Quay W

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
102 Total SuitesBuilding Comps
Harbour Terrace

401 Queens Quay W

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
73 Total SuitesBuilding Comps
Queen's Quay Residences

211 Queens Quay W

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
72 Total SuitesBuilding Comps
Admiralty Point

251 Queens Quay W

Comps pending
Leased $/SF:
Days on Market:
Closed Leases: 0
Active Supply: 0 units
61 Total SuitesBuilding 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 Harbourfront.

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.

Harbourfront Rental Market Dynamics & Local Yield Trends

Comprehensive Residential Market & Yield Overview for Harbourfront

Harbourfront is an established residential submarket within Toronto, comprising 37 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 Harbourfront 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 Harbourfront 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 Harbourfront is currently $3,039/month ($4.22/SF), with an average leasing velocity of 20 Days on Market. Compared to the overall Toronto municipal benchmark ($2,770/month), Harbourfront trades at a 10% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Atrium on Queens Quay ($2,125/mo) to Ten York ($5,800/mo).

Currently across Harbourfront's 37 tracked multi-family properties, there are 58 active rental listings with an average asking rent of $3,152/month ($4.67/SF). For closed transactions executed in August 2026, realized lease agreements averaged $3,039/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 Harbourfront to pinpoint value. Units featuring included parking stalls and private balconies represent high-utility assets. With an average of 20 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 $3,039/mo, each day of vacancy costs $101/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 Harbourfront to prepare comprehensive, defensible comparative market analyses for clients. Utilize granular building-level $/SF comps across Harbourfront's 37 properties when preparing client CMAs. Highlight transit walking times, parking inclusions, and balcony square footage to command premium tenant interest.

Frequently Asked Questions

Harbourfront Rental Market & Leasing FAQs

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

Based on lease transactions tracked by FastScreen in August 2026 across 37 tracked condominium and apartment buildings in Harbourfront, realized rents by unit layout average:

  • Studio / Bachelor:$2,150/mo($5.38/SF · 400 SF)
    +$266 vs Toronto avg
  • 1-Bedroom:$2,293/mo($4.48/SF · 525 SF)
    +$22 vs Toronto avg
  • 1-Bedroom + Den:$2,705/mo($3.91/SF · 694 SF)
    +$240 vs Toronto avg
  • 2-Bedroom:$3,425/mo($4.16/SF · 831 SF)
    +$378 vs Toronto avg
  • 2-Bedroom + Den:$4,025/mo($3.87/SF · 1043 SF)
    +$701 vs Toronto avg
  • 3-Bedroom+:$5,313/mo($4.14/SF · 1312 SF)
    +$1,158 vs Toronto avg

Overall market leasing across all unit layouts averaged $3,039/month ($4.22/SF) with an average of 20 Days on Market. Active rental listings currently average $3,152/month ($4.67/SF) for an average unit size of 710 SF.

Explore Other Toronto Submarkets

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

View Toronto Hub
Downtown West
125 buildings · $3,016/mo
-$23/mo (-0.8%)Lower
North Midtown
122 buildings · $2,642/mo
-$397/mo (-13.1%)Lower
South Midtown
95 buildings · $3,546/mo
+$507/mo (+16.7%)Higher
Downtown Core
87 buildings · $2,929/mo
-$110/mo (-3.6%)Lower
Toronto East
84 buildings · $2,540/mo
-$499/mo (-16.4%)Lower
Downtown East
72 buildings · $2,435/mo
-$604/mo (-19.9%)Lower
Toronto West
68 buildings · $2,790/mo
-$249/mo (-8.2%)Lower
Cabbagetown
67 buildings · $2,755/mo
-$284/mo (-9.3%)Lower
Bloor-Yorkville
61 buildings · $3,625/mo
+$586/mo (+19.3%)Higher
St. Lawrence
58 buildings · $2,722/mo
-$317/mo (-10.4%)Lower
Entertainment District
50 buildings · $2,807/mo
-$232/mo (-7.6%)Lower
CityPlace / Fort York
46 buildings · $2,822/mo
-$217/mo (-7.1%)Lower
The Annex
44 buildings · $3,291/mo
+$252/mo (+8.3%)Higher
High Park
37 buildings · $2,673/mo
-$366/mo (-12.0%)Lower
East York
33 buildings · $2,248/mo
-$791/mo (-26.0%)Lower
Scarborough North
27 buildings · $2,575/mo
-$464/mo (-15.3%)Lower
Junction
26 buildings · $2,393/mo
-$646/mo (-21.3%)Lower
East Bayfront
25 buildings · $3,199/mo
+$160/mo (+5.3%)Higher
Liberty Village
24 buildings · $2,750/mo
-$289/mo (-9.5%)Lower
Don Valley North
20 buildings · $2,756/mo
-$283/mo (-9.3%)Lower
Dovercourt
19 buildings · $2,485/mo
-$554/mo (-18.2%)Lower
Parkdale
19 buildings · $2,917/mo
-$122/mo (-4.0%)Lower
Yorkdale
19 buildings · $2,410/mo
-$629/mo (-20.7%)Lower
Downsview
19 buildings · $1,788/mo
-$1,251/mo (-41.2%)Lower
Oakwood
17 buildings · $1,874/mo
-$1,165/mo (-38.3%)Lower
Don Mills
17 buildings · $2,375/mo
-$664/mo (-21.8%)Lower
Etobicoke North
14 buildings · $2,302/mo
-$737/mo (-24.3%)Lower
Etobicoke Centre
13 buildings · $2,593/mo
-$446/mo (-14.7%)Lower
Scarborough South
12 buildings · $2,997/mo
-$42/mo (-1.4%)Lower
Scarborough East
12 buildings · $2,650/mo
-$389/mo (-12.8%)Lower
Scarborough West
12 buildings · $2,250/mo
-$789/mo (-26.0%)Lower
Etobicoke South
11 buildings · $2,499/mo
-$540/mo (-17.8%)Lower
Willowdale
10 buildings · $2,700/mo
-$339/mo (-11.2%)Lower
North York City Centre
7 buildings · $2,639/mo
-$400/mo (-13.2%)Lower
Etobicoke Kingsway
6 buildings · $2,300/mo
-$739/mo (-24.3%)Lower
Weston
5 buildings · $2,578/mo
-$461/mo (-15.2%)Lower
Scarborough City Centre
3 buildings · $2,245/mo
-$794/mo (-26.1%)Lower
Mimico
3 buildings · $2,661/mo
-$378/mo (-12.4%)Lower
North York West
3 buildings · $2,000/mo
-$1,039/mo (-34.2%)Lower
York Mills
2 buildings · $1,825/mo
-$1,214/mo (-39.9%)Lower
Halton Hills
1 building · $2,770/mo
-$269/mo (-8.9%)Lower