TRREB Releases 2026 Q2 Rental Market Statistics

Greater Toronto Area (GTA) condominium apartment rental transactions increased in Q2 2026 compared to Q2 2025, while the number of units listed for rent also edged higher, but by a lesser annual rate than transactions. Renters continued to benefit from substantial choice, with average condominium apartment rents remaining below year-ago levels.

The number of condominium apartment rental transactions reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in Q2 2026 amounted to 21,251 – up 4.2 per cent compared to 20,396 rental transactions reported in Q2 2025.

On the supply side, 27,844 condominium apartment units were listed for rent during the second quarter of 2026, up 2.9 per cent year-over-year.

Read the full report ⟶

Average condominium apartment rents remained lower than last year across all bedroom types. The average one-bedroom apartment rent was $2,273 in Q2 2026, down by 2.3 per cent compared to Q2 2025. The average two-bedroom apartment rent declined by 1.7 per cent year-over-year to $3,013.

Population growth and the relative affordability of renting compared to home ownership continued to support rental demand in the GTA. At the same time, improved home ownership affordability has provided some renters with an opportunity to move into the ownership market. These competing factors, combined with elevated rental supply, continued to keep rent growth in check during the second quarter.

Looking ahead, rental market conditions should continue to favour renters in the near term. However, with rental transactions growing at a faster annual rate than listings in the second quarter, market conditions could gradually tighten if this trend continues, particularly as permanent population growth continues to support demand.