Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
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In TRREB’s Q2 2026 rental report, one-bedroom condos leased for an average of $2,172 a month in W08 (Islington-City Centre West) and $2,199 in W07 (Stonegate-Queensway). Two-bedrooms averaged $2,828 and $2,725. Toronto asking rents rose 1.6% year over year in October 2026, so expect 2027 Queensway rents to hold steady or edge up.
This guide is for renters looking at condos on The Queensway in Etobicoke for 2027, and for owners who want to know what their unit could lease for. You will get average rents by bedroom count, the direction rents are heading, which buildings fall under rent control and where to start your search.
How much is rent on the Queensway in 2027?
The best local numbers come from TRREB, which reports condo leases signed through its MLS system by district. The Queensway runs through two districts. The east end, roughly Park Lawn Road to Islington Avenue, is W07 (Stonegate-Queensway). The west end, Islington to Kipling and Sherway, is W08 (Islington-City Centre West). W08 also includes the towers near Kipling and Islington stations.
| Area | Leases in Q2 2026 | 1 bedroom | 2 bedrooms | 3 bedrooms |
|---|---|---|---|---|
| W07 Stonegate-Queensway | 51 | $2,199 | $2,725 | $3,400 (3 leases) |
| W08 Islington-City Centre West | 668 | $2,172 | $2,828 | $3,285 |
| City of Toronto | 15,388 | $2,316 | $3,154 | $3,882 |
| All TRREB areas | 21,251 | $2,273 | $3,013 | $3,779 |
Source: TRREB Rental Market Report, Q2 2026, average lease rates for condo apartments. TRREB had not posted its Q3 2026 report as of 10 November 2026. Bachelor leases were too few in W07 and W08 to quote.
In plain terms, a one-bedroom on The Queensway leased for about $150 a month less than the City of Toronto average. A two-bedroom leased for roughly $330 to $430 less. That gap is one reason renters who work downtown still look out here.
The W07 numbers rest on just 51 leases, so treat them as rough. W08, with 668 leases, is the steadier guide.
Are Queensway rents going up or down in 2027?
Through mid-2026, rents were still soft. TRREB said average condo rents across its area were below year-ago levels for every bedroom type in Q2 2026. The one-bedroom average fell 2.3% and the two-bedroom average fell 1.7%.
The newest data points the other way. The Rentals.ca and Urbanation National Rent Report for October 2026 put Toronto’s average asking rent for apartments and condos at $2,590, up 1.6% from a year earlier. It was the city’s first annual increase after 32 months of declines. Urbanation’s president said “the window for cheaper rents is closing” in Toronto and Vancouver, pointing to shrinking supply.
Two local factors pull in opposite directions. New buildings that finished in 2025 and early 2026 added rental supply on the street. More is coming: Iridesa at 1156 The Queensway is a 12-storey, 220-unit rental building under construction, and BLVD Q at 935 has an occupancy target of 2027. My view, and it is only a view: Queensway rents in 2027 are more likely to hold steady or rise slightly than to fall much further. If you find a good unit at a fair price this winter, it is reasonable to lock in a one-year lease.
Which Queensway condo buildings should I look at?
The street has two different feels.
East end (W07): smaller mid-rises
Between Park Lawn and Islington you will find mostly newer mid-rise buildings: Reina at 689, Qube at 760, Queensway Park at 784, Curio at 801, 859 West, Kazmir at 880 and the small Hive Lofts at 892. Most are 6 to 11 storeys, each with about 210 suites or fewer. They tend to feel quieter and have fewer amenities than big towers.
West end (W08): more choice
West of Islington are Verge at 1007 and 1037, Loggia at 1040 and 1050, IQ at 1185 and The Tailor at 1195. Just off the street, Park Towers at IQ and IQ3 are on Zorra Street. This end has far more units for lease, so you have more choice and more room to negotiate.
For a full list with registration dates and suite counts, see every condo building on The Queensway. For my picks for renters, read the top 5 condo buildings to rent on The Queensway.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
Is my Queensway condo rental rent-controlled?
It depends on when the unit was first lived in. Ontario’s rent increase guideline for 2027 is 1.9%. But units first occupied for residential use after 15 November 2018 are exempt from the guideline. In those units, the landlord can raise the rent by any amount, as long as the rules on notice and timing are followed.
| Building | Address | Registered | 2027 guideline (1.9%) applies? |
|---|---|---|---|
| IQ Condos, Phase 1 | 1185 The Queensway | January 2015 | Yes, for most units |
| Qube Condos | 760 The Queensway | May 2015 | Yes, for most units |
| Queensway Park | 784 The Queensway | August 2022 | No, exempt |
| 859 West | 859 The Queensway | April 2024 | No, exempt |
| Reina | 689 The Queensway | December 2025 | No, exempt |
Sources: registration dates from a building-data website building profiles; exemption rule from Ontario’s rent increase guideline page. The legal test is the date of first residential occupancy, which can be earlier than registration. Confirm for your own unit.
All units, controlled or not, share two rules. The landlord must give at least 90 days’ written notice of an increase, and at least 12 months must pass between increases. More detail is in is my Etobicoke rental rent-controlled and the 2027 rent increase guideline.
What can a landlord ask for when I rent a condo in Ontario?
- A standard lease. Ontario’s standard lease is required for most residential tenancies signed on or after 30 April 2018. In a condo, it should say so, and you agree to follow the condo’s declaration, bylaws and rules.
- A rent deposit, capped. Under the Residential Tenancies Act, the only security deposit allowed is a rent deposit of no more than one month’s rent. It is used for your last month. A damage deposit is not allowed.
- Proof you can pay. Landlords commonly ask for an application, references and income details. You can ask how your personal information will be stored.
Also check whether hydro, water, parking and a locker are included in the rent. In many condos, hydro is billed separately, so ask what the last few bills were.
What should I check when I view a Queensway condo rental?
A ten-minute viewing is not much time. Use this list so you do not miss the things that cost money or sleep later:
- Who owns the unit. Ask to see proof the person showing it is the owner or the owner’s agent. Never send a deposit for a unit you have not seen in person.
- Parking and storage. Many suites on this street have no parking spot. If you drive, confirm a spot is part of the lease and where it is.
- Noise and views. Several big sites on The Queensway are approved for new towers. Ask what is planned next door and which way the unit faces.
- Heating and cooling. Run the thermostat and check the air conditioning, even in winter.
- Building rules. Ask for the condo rules on pets and on booking the elevator for your move before you book a truck.
How do I get around from the Queensway without a car?
The Queensway west of Humber Loop is a bus corridor. The 80 Queensway bus runs along the street, and north-south buses link to Line 2 subway stations to the north. Before you sign, time your commute at rush hour from the actual building, not from the listing’s map pin. My Queensway transit guide lists every route and which station each one reaches.
Should I rent or buy on the Queensway in 2027?
Here is a simple example, not a quote. A $525,000 condo (the W08 condo median for January to October 2026, per TRREB MLS data via REALM) bought with 5% down and an insured 30-year mortgage at 4.5% has a mortgage payment of about $2,614 a month. Add property tax and a maintenance fee, which vary by building, and owning costs well above the W08 one-bedroom average rent of $2,172. Part of each mortgage payment pays down your loan, so it is not all cost. For a full comparison, see rent vs buy in Etobicoke: the arithmetic.
If you rent a suite in a building first occupied after November 2018, there is no cap on your next increase. A landlord could ask for a large jump after 12 months, with 90 days’ notice. Ask the landlord in writing what the rent was last year and what they expect at renewal. Also remember that condo owners can end a tenancy if they or a close family member will move in, using Form N12 and the notice the law requires. Renting from an owner is less secure than renting in a purpose-built rental.
For 2027, the Queensway is a good-value rental area for people who want newer buildings at below-downtown rents. Start in W08 if you want choice and room to negotiate, and in W07 if you prefer a smaller building. Ask about rent control before you fall in love with a unit, and get every inclusion in the lease.
What to do next
- Set a budget using the W07 and W08 averages above, plus hydro and parking.
- Shortlist three buildings and check whether each was first occupied before or after 15 November 2018.
- Visit at rush hour and time your commute.
- Read the standard lease line by line and confirm what is included.
- If you own a Queensway condo you might rent out, run it through the condo value estimator above first.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
What is the average rent on the Queensway in Etobicoke?
About $2,170 to $2,200 a month for a one-bedroom condo. In TRREB’s Q2 2026 rental report, one-bedroom condo leases averaged $2,172 in Toronto W08 (Islington-City Centre West) and $2,199 in W07 (Stonegate-Queensway). Two-bedrooms averaged $2,828 in W08 and $2,725 in W07. These are district averages from MLS leases, so a specific Queensway building can rent above or below them.
How much is a 2-bedroom condo for rent on the Queensway in 2027?
Expect roughly $2,700 to $2,900 a month, based on the latest data. TRREB’s Q2 2026 rental report shows average two-bedroom condo leases of $2,828 in W08 and $2,725 in W07, the two districts The Queensway runs through. Toronto asking rents rose 1.6% year over year in October 2026 (Rentals.ca and Urbanation), so 2027 rents may hold steady or edge higher.
Are rents going up in Toronto in 2027?
They started rising again in late 2026. The Rentals.ca and Urbanation report for October 2026 put Toronto’s average asking rent for apartments and condos at $2,590, up 1.6% from a year earlier and the first annual increase after 32 months of declines. TRREB’s Q2 2026 data still showed condo rents below year-ago levels. No one can promise 2027 rents, but the steady declines appear to be ending.
Is my Queensway condo rent-controlled in 2027?
Only if the unit was first occupied for residential use on or before 15 November 2018. Older Queensway buildings such as Qube (registered 2015) and IQ Phase 1 (registered 2015) generally fall under Ontario’s 2027 guideline of 1.9%. Newer ones such as Queensway Park, 859 West and Reina are exempt, so the landlord can raise rent by any amount with 90 days’ notice once 12 months have passed.
What is the 2027 rent increase guideline in Ontario?
It is 1.9%. Ontario set the guideline at 1.9% for increases that take effect between 1 January and 31 December 2027. It applies to most rental units first occupied on or before 15 November 2018. Landlords must give at least 90 days’ written notice, and at least 12 months must pass between increases. Units first occupied after that date are exempt from the guideline.
Can a landlord ask for a damage deposit in Ontario?
No. Under the Residential Tenancies Act, the only security deposit a landlord can collect is a rent deposit, and it cannot be more than one month’s rent. It is applied to your last month. Ontario’s standard lease guide confirms a rent deposit cannot be used as a damage deposit. This applies to condo rentals on The Queensway in 2027 like anywhere else in Ontario.
Are there purpose-built rentals on the Queensway?
One is under construction. UrbanToronto lists Iridesa at 1156 The Queensway as a 12-storey, 220-unit market-rate rental building being built by Leader Lane Developments and ELM Developments. No completion date was published as of November 2026. Most other rentals on The Queensway are individually owned condo units leased by their owners.
Is it cheaper to rent on the Queensway than downtown Toronto?
Yes, on average. In TRREB’s Q2 2026 report, one-bedroom condos leased for $2,172 in W08 and $2,199 in W07, against $2,316 for the City of Toronto as a whole. Two-bedrooms averaged $2,725 to $2,828 on The Queensway versus $3,154 citywide. You trade some of that saving for a bus-based commute, so time the trip before you sign.
Sources
- TRREB Rental Market Report, Q2 2026
- Rentals.ca and Urbanation National Rent Report, October 2026
- Ontario: Rent increase guideline
- Ontario: Guide to Ontario’s standard lease
- Residential Tenancies Act, 2006 (e-Laws)
- UrbanToronto project database: Iridesa, 1156 The Queensway
- A building-data website: Reina Condos, 689 The Queensway
- TTC: 80 Queensway bus route
Related reading
- The Queensway Housing Market in 2027: Condo and House Prices
- Should You Buy a Condo on the Queensway in 2027?
- Selling a Condo on the Queensway in 2027: Pricing and Timing
- Queensway Condos Finishing in 2027: What’s Closing and What It Means
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.
Reach me at [email protected] or 833-330-1925, or book a call.