Published 30 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Based on TRREB rental data for Q2 2026 vs Q2 2025, average one-bedroom condo rents fell most in C13 Don Mills and Parkwoods (−9.5%, to $2,077), E06 Birchcliffe-Cliffside (−8.3%, to $2,006), W07 Stonegate-Queensway (−8.3%, to $2,199), W08 Kingsway and Islington (−6.1%, to $2,172) and E09 Bendale and Woburn (−5.8%, to $2,134). These are district averages, not building rents. The order follows the size of the drop.
How I chose these five
I compared average condo apartment rents by TRREB district in the second quarter of 2026 (April to June) with the second quarter of 2025. The figures come from TRREB’s Rental Market Report for Q2 2026 and its Q2 2025 report. When I checked TRREB’s rental market report page, Q2 2026 was the latest quarter published.
I ranked districts by the change in the average one-bedroom rent, because one-bedrooms are the most common lease in almost every district. To avoid ranking on a handful of leases, I only included districts with at least 20 one-bedroom leases in both quarters.
These are district averages for leases done through TRREB’s MLS® System. They are not rents for any particular building, and they do not include purpose-built rental apartments or private leases. For context, the GTA average one-bedroom fell 2.3% to $2,273, and the City of Toronto average fell 2.2% to $2,316.
- Measure: average one-bedroom condo apartment rent, Q2 2026 vs Q2 2025, with the two-bedroom change alongside.
- Left out for small samples: C09 Rosedale and Moore Park (−14.1%, 18 one-bedroom leases in Q2 2026) and E11 Malvern and the Rouge (−12.1%, only 11 one-bedroom leases in Q2 2025).
- More areas: my GTA rents table lists every district and municipality.
1. Toronto C13 (Don Mills, Banbury-Don Mills, Parkwoods and Victoria Village)
What happened to rents
C13 had the largest drop of any district that met my sample rule. The average one-bedroom rent fell from $2,295 in Q2 2025 to $2,077 in Q2 2026, a drop of $218 a month or 9.5%.
Two-bedrooms fell even further, from $3,126 to $2,634, down $492 or 15.7%. That is the largest two-bedroom decline of the five districts on this list.
Why it likely happened
The volume of leases more than doubled. TRREB recorded 470 condo apartment leases in C13 in Q2 2026 from 593 listings, compared with 194 leases from 271 listings a year earlier.
When that many more units compete for tenants at the same time, rents usually adjust. The leasing data does not say which buildings were involved, so I would not assume any single building saw the same drop.
What it means for renters and owners
For renters, C13’s one-bedroom average is now well below the City of Toronto average of $2,316, with 277 one-bedroom leases signed in the quarter. For owners, the larger supply means pricing a unit to the current market matters more than last year’s rent. The district’s apartment benchmark price was $598,000 in September 2026, down 7.0% from a year earlier.
2. Toronto E06 (Birchcliffe-Cliffside and Oakridge)
What happened to rents
E06’s average one-bedroom rent fell from $2,187 in Q2 2025 to $2,006 in Q2 2026, down $181 or 8.3%. That is the second-lowest one-bedroom average of any Toronto district in TRREB’s Q2 2026 report, after E11.
The two-bedroom average barely moved, from $2,700 to $2,673, down 1.0%, though only 11 two-bedroom leases were signed in Q2 2026.
Why it likely happened
E06 is a small condo rental market that grew quickly. Leases rose from 30 in Q2 2025 to 47 in Q2 2026, and listings from 51 to 66.
With 33 one-bedroom leases in Q2 2026 and 22 a year earlier, E06 just clears my sample rule. A few leases at the high or low end can move an average this small, so treat the size of the drop as a direction rather than a precise number.
What it means for renters and owners
Renters in E06 will find one-bedroom averages near $2,000. Owners should expect fewer comparable leases to price from, which makes it worth looking at recent leases in your own building as well as the district figure. The district’s apartment benchmark price was $540,600 in September 2026, down 2.87% year over year.
3. Toronto W07 (Stonegate-Queensway, including the Queensway and Sunnylea area)
What happened to rents
W07’s average one-bedroom rent fell from $2,397 in Q2 2025 to $2,199 in Q2 2026, down $198 or 8.3%, tying E06 in percentage terms.
Two-bedrooms fell from $2,905 to $2,725, down $180 or 6.2%, and the small group of three-bedroom leases fell 6.0% to $3,400.
Why it likely happened
Unlike most districts on this list, W07’s leasing volume shrank. TRREB recorded 51 leases from 72 listings in Q2 2026, compared with 83 leases from 116 listings a year earlier.
Fewer leases at lower rents suggests softer demand rather than a flood of new supply, but the numbers are small. With 23 one-bedroom leases in Q2 2026 and 36 in Q2 2025, W07 meets my sample rule with little room to spare.
What it means for renters and owners
For renters, the Queensway area’s one-bedroom average was about $200 a month lower than a year earlier. For owners, it is a reminder that the tenant pool in a smaller district can thin out quickly, so a unit that leased easily in 2025 may need a sharper price or better terms now.
It also matters which units you compare. W07’s 51 leases in Q2 2026 included 24 two-bedrooms, so two-bedroom owners have nearly as many recent comparables as one-bedroom owners. If your building has had recent leases, those will tell you more than the district average.
4. Toronto W08 (Islington-City Centre West, the Kingsway, Humber Valley, Markland Wood and the West Mall area)
What happened to rents
W08’s average one-bedroom rent fell from $2,314 in Q2 2025 to $2,172 in Q2 2026, down $142 or 6.1%. Two-bedrooms fell from $2,902 to $2,828, down 2.5%.
W08 is the largest rental market on this list by far, so its drop is backed by a lot of leases: 415 one-bedrooms and 219 two-bedrooms in Q2 2026.
Why it likely happened
Supply jumped. Condo apartment rental listings rose from 477 in Q2 2025 to 870 in Q2 2026, and leases rose from 336 to 668.
Leases nearly doubled, so demand was there, but tenants had many more units to choose from. That is the classic pattern behind a rent decline even when leasing activity is strong.
What it means for renters and owners
Renters in W08 have more choice than they did a year ago and can compare several similar units before signing. Owners should benchmark against the current $2,172 one-bedroom average rather than 2025 rents, and factor in that the district’s apartment benchmark price was $531,000 in September 2026, down 2.42% year over year. The three-bedroom average also fell 8.5% to $3,285 from 30 leases.
5. Toronto E09 (Bendale, Woburn and Morningside)
What happened to rents
E09’s average one-bedroom rent fell from $2,266 in Q2 2025 to $2,134 in Q2 2026, down $132 or 5.8%. Two-bedrooms fell from $2,757 to $2,633, down $124 or 4.5%.
Studio and three-bedroom leases were few, but the three-bedroom average also fell, by 8.0% to $3,052 from 11 leases.
Why it likely happened
E09’s leasing volume was steady: 234 leases from 341 listings in Q2 2026, compared with 248 leases from 337 listings a year earlier.
That makes E09 different from C13 and W08. The decline here is not explained by a jump in supply, which suggests tenants simply had more bargaining power across the wider market.
The GTA-wide picture fits that reading. Across all TRREB areas, condo apartment leases rose about 4% to 21,251 and listings rose 2.9% to 27,844 between Q2 2025 and Q2 2026, while the average one-bedroom rent fell 2.3%.
What it means for renters and owners
E09’s rent decline has a solid sample behind it, with 110 one-bedroom and 99 two-bedroom leases in Q2 2026. For owners, falling rents arrived alongside a falling resale market: the district’s apartment benchmark price was $434,500 in September 2026, down 8.38% from a year earlier.
Lower rents and lower prices together mean the gap between owning and renting has not changed much here, so the decision comes down to your own costs and how long you plan to stay.
The five at a glance
| District | 1-bed Q2 2025 | 1-bed Q2 2026 | 1-bed change | 2-bed change | Leases Q2 2026 |
|---|---|---|---|---|---|
| C13 Don Mills, Parkwoods | $2,295 | $2,077 | −9.5% | −15.7% | 470 |
| E06 Birchcliffe-Cliffside, Oakridge | $2,187 | $2,006 | −8.3% | −1.0% | 47 |
| W07 Stonegate-Queensway | $2,397 | $2,199 | −8.3% | −6.2% | 51 |
| W08 Kingsway, Islington and area | $2,314 | $2,172 | −6.1% | −2.5% | 668 |
| E09 Bendale, Woburn, Morningside | $2,266 | $2,134 | −5.8% | −4.5% | 234 |
Source: TRREB Rental Market Reports, Q2 2025 and Q2 2026, condo apartments leased through TRREB’s MLS® System. Leases are all condo apartment leases in the district.
What this means if you’re buying or selling in Toronto
If you are buying a condo to live in, softer rents are not directly your problem, but they do tell you how much competition the resale market faces from the rental market. In districts where rents fell and listings rose, some owners who cannot lease at their target rent may choose to sell instead.
If you are buying to rent out, run the numbers on today’s rent, not last year’s. A one-bedroom in C13 that leased for close to $2,300 in mid-2025 averaged about $2,080 a year later. Check condo fees, property tax and insurance against that lower figure before you commit.
Watch the other districts too. Several just missed this list, including E05 (one-bedroom average down 5.6% to $2,142) and W05 (down 5.0% to $2,171), and only a handful of Toronto districts saw one-bedroom rents rise.
If you own a unit and your lease is ending, compare your current rent with the district average and with recent leases in your own building. I am not forecasting where rents go next; these numbers describe April to June 2026 compared with the same months of 2025. My condo prices by district page shows what the same units are selling for.
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Frequently asked questions
Are condo rents going down in Toronto in 2026?
Year over year, yes. TRREB’s Q2 2026 Rental Market Report shows the average one-bedroom condo apartment rent in the City of Toronto at $2,316, down from $2,368 in Q2 2025. Across the GTA the one-bedroom average fell 2.3% to $2,273 and the two-bedroom average 1.7% to $3,013. These describe the past year, not a forecast.
Which Toronto area had the biggest drop in condo rents?
Among districts with at least 20 one-bedroom leases in both quarters, C13 (Don Mills, Banbury-Don Mills, Parkwoods and Victoria Village) fell most: the one-bedroom average dropped 9.5% to $2,077 and the two-bedroom average 15.7% to $2,634. C09 showed a 14.1% one-bedroom drop, but on only 18 leases in Q2 2026.
What is the average rent for a one-bedroom condo in Toronto?
In the second quarter of 2026, the average one-bedroom condo apartment leased through TRREB’s MLS® System in the City of Toronto rented for $2,316 a month. GTA-wide it was $2,273. Among Toronto districts with at least 20 one-bedroom leases, averages ranged from $1,979 in E11 to $2,623 in C02.
Why are condo rents falling in some Toronto districts?
In C13 and W08, the number of condo apartments listed for rent rose sharply between Q2 2025 and Q2 2026, from 271 to 593 and from 477 to 870, so tenants had more choice. In E09 listings were steady, which points to tenants’ bargaining power across the wider market rather than local supply alone.
Do TRREB rent figures include purpose-built rental apartments?
No. TRREB’s Rental Market Report covers condo apartments and townhouses leased through its MLS® System. It does not include purpose-built rental buildings or leases arranged privately, so actual rents in a district can differ from these averages. The figures are still the most detailed public district-level condo rent data, which is why I use them.
Sources
- Rental Market Report, 2026 Q2 — Toronto Regional Real Estate Board
- Rental Market Report, 2025 Q2 — Toronto Regional Real Estate Board
- What Condos and Townhouses Rent For in Toronto and the GTA — Jatin Dua
- Toronto C13 Real Estate Market — Jatin Dua
- Toronto E06 Real Estate Market — Jatin Dua
- Toronto W07 Real Estate Market — Jatin Dua
- Toronto W08 Real Estate Market — Jatin Dua
- Toronto E09 Real Estate Market — Jatin Dua
Related reading
- Top 5 GTA Areas for Rental Yield in 2026
- Top 5 GTA Neighbourhoods Near GO Stations for Commuters
- Top 5 Toronto Neighbourhoods Where Prices Fell Most in 2026
- GTA market data by district
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume. Every figure here comes from a published table, regulator or statute linked in the sources, so you can check all of it without asking me.
Reach me at [email protected] or 833-330-1925, or book a call.