Published 16 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
What's Your Home Worth Right Now?
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Set rent from units that actually leased recently in your building or immediate area, not from asking prices. Adjust for size, floor, parking, locker, laundry, outdoor space, furnishings and utilities included. Remember that once a tenant is in place, increases are governed by the Residential Tenancies Act, with most units first occupied before 15 November 2018 subject to the annual guideline.
Price from leased comparables
- Find units leased in the last 60 to 90 days in your building or within a few blocks.
- Match bedrooms, square footage, floor and exposure.
- Adjust for parking, locker, laundry, balcony and utilities included.
- Check how long each took to lease.
Start with my rent estimator.
What moves rent
| Raises rent | Lowers rent |
|---|---|
| Parking included | No parking in a car-dependent area |
| In-suite laundry | Shared or coin laundry |
| Higher floor, better view | Ground floor facing a wall or road |
| Utilities included | Tenant pays everything on an inefficient unit |
| Move-in ready condition | Dated finishes, poor cleaning |
| Flexible move-in date | Hard cut-off date |
Check your unit’s value too
Owners often compare renting with selling. Get a sale range here.
Free tool — AI condo value estimator
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.
Rules on increases
- Most units first occupied for residential use before 15 November 2018 are subject to the annual rent increase guideline.
- Units first occupied after that date are generally exempt from the guideline.
- Proper notice is required, with at least 12 months between increases.
- Above-guideline increases require an LTB application. See AGIs.
Where I fit
I am Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I price rentals from actual leased comparables for landlords across Toronto and the GTA, and help decide between renting and selling.
The takeaway
Price a Toronto rental from units that actually leased recently, adjusted for parking, laundry, floor and inclusions, and consider vacancy cost before chasing a higher number. Once rented, increases follow the Residential Tenancies Act and, for most older units, the annual guideline.
Talk it through with me
What should your unit rent for?
Tell me the building and unit details. I will send leased comparables and a recommended rent.
I will come back to you personally, usually the same day. If it is urgent, call or text 833-330-1925.
Frequently asked questions
How do I decide how much rent to charge in Toronto?
Use recently leased comparable units, adjusted for size, floor, parking, laundry and inclusions, rather than asking prices.
How often can I raise the rent in Ontario?
Generally once every 12 months with proper notice, subject to the guideline where it applies.
Which units are exempt from rent control?
Units first occupied for residential use after 15 November 2018 are generally exempt from the annual guideline.
Should I include utilities in the rent?
It can widen your tenant pool but shifts cost risk to you. Compare with competing listings.
Is it better to rent furnished?
Furnished can command more in some markets but narrows the pool and adds wear and management.
How long should it take to rent a unit?
Well-priced units usually lease in weeks. If yours sits, the price or presentation is the issue.
Sources
- Ontario — renting in Ontario: your rights — Residential Tenancies Act rules for landlords and tenants. Accessed 16 September 2026.
- TRREB Market Watch, August 2026 — district tables W06, W07 and W08 for all home types, detached and condo apartment, plus the MLS® HPI benchmark page. Accessed 16 September 2026.
- Real Estate Council of Ontario (RECO) — public register of registrants, registration categories and disciplinary decisions. Accessed 16 September 2026.
Related reading
- Best realtor for investors
- Sell or rent out your condo?
- Rental income tax
- Finding and screening tenants
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, Etobicoke. I work with buyers and sellers across Toronto and the GTA, with deep local knowledge of the west end. Four-plus years of active GTA transactions and over $100 million in sales volume. Every market figure here comes from TRREB’s published tables and every rule from RECO or Ontario legislation, so you can check all of it without asking me.
Reach me at connect@jatindua.com or 833-330-1925, or book a call.