What will my unit rent for?
Eight questions, then a market-rate range with every adjustment shown as a line item. Built on TRREB’s published Q2 2026 lease data — and honest about the part a model cannot know.
Etobicoke & West End · condominium apartments
What will my unit rent for?
Eight questions. You get a market-rate range built on TRREB's published Q2 2026 lease data, every adjustment shown as a line item, and an honest note about what this model can and cannot know about your specific building.
Start with the unit itself
Bedroom count is the single biggest driver, and it is the one part of this estimate that comes straight from published TRREB data rather than judgement.
What comes with it?
Parking is usually the largest single add-on in this market. Utilities matter because including them raises the rent you can ask but also the cost you carry.
The building and the finish
These move the number less than people expect. A renovated kitchen helps; it does not turn a one bedroom into a two.
Where is it, and where are you at?
Location does not change the number below — the model is built on a GTA-wide base and I will not pretend it knows your street. It changes what I tell you when I pull your building's actual leases.
The read
Want the actual comparables?
Send this over and I will pull the recent leases in your building and on your street, tell you where your unit genuinely sits in that set, and give you an asking price and a walk-away number. Same day, no charge, no obligation. I need a phone number because the comparables are quicker to walk through than to write out — I will not cold-call you about anything else.
Got it.
I will pull the comparables and come back to you today. If it is urgent, call or text 833-330-1925 and skip the queue.
No black box. You see every step.
Most rent calculators hand you a figure and hope you do not ask where it came from. This one shows its working, and tells you plainly which parts are published data and which parts are my judgement.
The base is TRREB’s, not mine
Your bedroom count sets the starting number, and that number is the published average lease rate for that unit type across all TRREB areas in Q2 2026 — $1,849 for a bachelor, $2,273 for a one bedroom, $3,013 for a two bedroom, $3,779 for a three. Those are counted from 21,251 actual leases, not modelled.
The adjustments are mine, and labelled
TRREB does not publish rent broken out by parking, locker, floor, building age or finish. So those adjustments are my professional judgement, shown to you as individual dollar amounts rather than folded invisibly into one figure. If you disagree with one, you can see exactly which one and by how much.
The part no model can do
A model cannot see your building, your floor plan, or what the suite two doors down actually leased for last month. That is three or four real comparables, pulled by hand, and it is the difference between a good number and a guess. That part is free, and it is what the form at the end is for.
Why last year’s number is not this year’s number
The GTA rental market has turned, and it has turned against landlords. In the second quarter of 2026, the average one-bedroom condominium apartment leased for $2,273 — down 2.3 per cent on the year. Two bedrooms went for $3,013, down 1.7 per cent. Those are TRREB’s figures, counted from real leases, not asking prices.
What makes it harder is the supply side. There were 27,844 condominium apartments advertised for rent last quarter against 21,251 leased — roughly 1.31 listings for every lease. Leasing activity is actually up 4.2 per cent year over year, so demand has not collapsed. There is simply more competing for it, and a tenant walking into your showing knows they have options.
CMHC’s mid-year update puts Toronto’s vacancy rate at 3.0 per cent, back inside the 2.5 to 4.0 per cent band that counts as balanced, and points at the cause: a wave of newly completed condominiums that could not be absorbed by buyers and have gone into the rental pool instead. Landlords are reported offering free rent, discounted parking and gift cards to fill units.
None of that means you should panic-price. It means the cost of being wrong has changed shape. Overpricing used to cost you a week; now it costs you a month, and a month empty on a $2,400 unit is roughly $1,660 gone — more than you would give up by asking $100 less for the entire year. That arithmetic is built into the result above, using your own number.
What landlords ask about this
How accurate is this estimate?
It is a starting range, not an appraisal and not an opinion of value. The base comes from TRREB’s published average lease rates for the quarter, which are solid; the adjustments for parking, locker, utilities, floor, building age and finish are professional judgement. Treat the midpoint as a sensible place to begin a conversation, and the range as where the answer probably sits. For a number you would actually list at, you want three or four real comparables from your own building.
Where exactly does the base number come from?
The TRREB GTA Rental Market Report for Q2 2026, all TRREB areas, condominium apartments: $1,849 average for a bachelor, $2,273 for a one bedroom, $3,013 for a two bedroom and $3,779 for a three bedroom, drawn from 21,251 leases in the quarter. The figures are checked against the published totals before they go into the tool.
Why does it not ask for my address?
Because it would not honestly use it. TRREB does publish district-level rent breakdowns, but the district tables did not read back consistently enough to build on, so rather than invent a neighbourhood multiplier the tool uses a GTA-wide base and says so. Location genuinely matters — it is one of the main things handled by hand when the comparables are pulled.
Rents are falling. Should I just drop my asking rent?
Not automatically, but do the arithmetic rather than the feeling. Three weeks empty on a $2,400 unit costs about $1,660; asking $100 a month less costs $1,200 over a full year. In a market with roughly 1.31 listings for every lease, the unit priced at the top of its range is usually the one still sitting there in week four. The tool shows both numbers side by side.
How much can I raise the rent on a tenant already in place?
Ontario’s rent increase guideline is 2.1 per cent for 2026 and 1.9 per cent for 2027, and you must give 90 days’ written notice in the proper form. Units first occupied after 15 November 2018 are exempt from the guideline. This is general information, not legal advice — ontario.ca is the authority, and the rules around exemptions catch a lot of people out.
Does including parking or utilities actually get me more rent?
Parking usually does, and it is the largest single add-on in this market. Utilities are a trade: including them lifts the headline rent you can ask, but you absorb the volatility. In a soft market it is often the easier concession to offer up front and the easier one to take back at renewal, which is worth thinking about before you advertise.
I am renting out a house or a basement suite, not a condo. Does this work?
Not well. The published data behind this tool covers condominium apartments, so a freehold house, a townhouse or a secondary suite sits outside what it can honestly estimate. Send me the details instead and I will price it properly by hand — same day, no charge.
What happens after I send my details?
I pull the recent leases in your building and on your street, tell you where your unit genuinely sits in that set, and give you an asking price and a walk-away number. Same day. No charge and no obligation, and I will tell you if I think you should hold off listing entirely.
What is it worth today?
Three estimators — two built on July 2026 Toronto and GTA reported sale data, one on how buyers actually price a restaurant. An instant range and a line-by-line breakdown of what is driving the number.
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These tools give an automated estimate, not a formal appraisal. For a precise, comparable-backed opinion of value, ask for a full CMA — it is free and there is no obligation.
Want the real comparables for your unit?
Send me the building and I will pull the recent leases, tell you where your unit sits in that set, and give you an asking price and a walk-away number. Same day, no charge, and I will tell you plainly if now is the wrong time to list it.
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Each office independently owned and operated. Not intended to solicit buyers, sellers or tenants currently under contract or agreement with another brokerage.