Rental prices in Toronto’s key downtown intersections

Adamant renters and condo owners are often looked at as being two sides of a coin. But put talk of the rent versus buy debate aside – or whether real estate really beats out the stock market – and the two have fairly a lot in common.

The desire to live in a highly walkable locale that offers direct access to transit, blistering short commute times and an ideal address steps to everything downtown has to offer; it’s a checklist that likely reads the same regardless of whether you’re leasing or an owner and end user of a high-rise unit in the city.

With that in mind, we honed down a list of the city’s 24 most famous and walkable downtown intersections – think Yonge and Bloor – and highlighted monthly rental prices for condominiums within a five minute’s walk of each.

It’s a story we originally covered from the resale angle for buyers, which in turn, raised the question of what renters could expect to pay to live in the same coveted street corners.

The intersections put under the spotlight represent the most valuable swathes of real estate in Toronto, and see the highest volume of foot traffic anywhere in the city (at least 17,000 pedestrians daily); with direct access to the TTC and the metropolis’s busiest business districts.

Along with calculating average prices, we took into account median rental costs as well, which offers a far more middle-of-the-road reading of the market.

Top Facts

•The major intersections curated for this story receive the highest daily pedestrian traffic in the city – each with a pedestrian count of at least 17,000
•Overall, average condo rentals within a 5 minute’s walk of downtown Toronto’s busiest intersections are 14.5% higher than the city-wide average. Over a year, that translates to $3,281 more in rent money to live in the very core.
•Around these key street corners, one bedroom condos are the most popular rental options. There are an estimated 85% more one bedroom units leased versus two bedrooms.

1 Bedroom Condo Rental Prices in Toronto’s Key Intersections

•Average rent for a one bedroom around the city’s key intersections is $1,842 – 11.3 per cent higher than Toronto average of $1,655 for the same time-frame
•Median rent, which offers a far more middle-of-road reading of the market, is $1,764

2 Bedroom Condo Rental Prices in Toronto’s Key Intersections

•Average rent for a two bedroom around the city’s key intersections is: $2,883 – 23.3 per cent higher than Toronto average of $2,337
•Median rent is $2,585

Most Expensive Intersections:Toronto Condo Apartment Rentals



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