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      Keller Williams Realty Centres, Brokerage.

      Newmarket Rental Market Report

      Newmarket, Ontario Rent Prices — September 2026

      More Newmarket rentals are leasing and fewer are sitting: leases at 69% of new rental listings in September, a landlord's market, with 2.13 months of inventory. Rents are lower than a year ago.

      $2,520Average Rent
      $2,500Median Rent
      80Leases
      2.1 moInventory
      Landlord'sMarket

      The busiest 12 months on record, with rents down

      1,139 leases were signed in the 12 months to September 2026, up 28% on the year and the most in any 12 months since the data begins. The 12-month average rent is $2,554, 9.1% below its March 2025 peak. Most of that drop is a shift toward smaller units: like for like, rents are down 1.9%.

      Market phase: Busy but rents easing, landlords in control. Five of seven signals are hotter than a year ago and one cooler.

      Updated: October 19, 2026 | Data: HabiStat MLS® statistics, all associations, leases | Every month since January 2010

      At a Glance

      Newmarket Rental Market — September 2026 At a Glance

      September 2026 against Sep 2025: 80 leases against 70, 116 new rental listings against 155, and 170 units on the market against 208. Average rent was $2,520 against $2,704. For the bigger picture see the Newmarket sales market report and the York Region rental market page.

      Charcoal edge: cooler than a year earlier, better for tenantsGold edge: hotter than a year earlier, better for landlordsSmall charts: the 12-month average of each figure, Sep 2021 to Sep 2026
      Average Rent
      $2,520
      ▼ 6.8% vs Sep 2025 ($2,704)
      Sep 2021: $2,51012-mo avg now: $2,554
      Median Rent
      $2,500
      ▼ 8.3% vs Sep 2025 ($2,725)
      Sep 2021: $2,58212-mo avg now: $2,493
      Leases Signed
      80
      ▲ 14.3% vs Sep 2025 (70)
      Sep 2021: 4612-mo avg now: 95
      Leases-to-New-Listings Ratio
      69%
      45% a year earlier · over 60% favours landlords
      Sep 2021: 70%12-mo avg now: 65%
      Months of Inventory
      2.13
      2.97 a year earlier
      Sep 2021: 0.7712-mo avg now: 2.25
      Median Days to Lease
      28
      23 a year earlier · average 37
      Sep 2021: 1012-mo avg now: 23
      Rent Achieved vs Asking
      99%
      99% a year earlier · average lease against list
      Sep 2021: 102%12-mo avg now: 99%
      New Rental Listings
      116
      ▼ 25.2% vs Sep 2025 (155)
      Sep 2021: 6512-mo avg now: 147
      Active Rental Listings
      170
      ▼ 18.3% vs Sep 2025 (208)
      Sep 2021: 3612-mo avg now: 202
      September Summary: 80 leases, up 14.3% on Sep 2025. Average rent $2,520 and median $2,500, down 8.3% on the median. Leases equalled 69% of new listings against 45% a year earlier, and inventory fell from 2.97 to 2.13 months. The typical unit leased in 28 days, at 99% of its asking rent.
      Data: HabiStat MLS® statistics, all associations, leases to September 2026. October 2026 to date (not included in any figure on this page): 17 leases, 47 new rental listings, 186 active. Metrics may be revised.
      Market Conditions

      Is Newmarket a Landlord's or Tenant's Market? — September 2026

      The cleanest single read on who holds the leverage is the leases-to-new-listings ratio: leases divided by new rental listings over the same period. Under 40% favours tenants and over 60% favours landlords, the same rule the sales report uses. We show it three ways, because one month can swing: the latest month, the last three months and the last twelve.

      Balance Meter

      Tenant's Balanced Landlord's 0%40%60%100% 69% Landlord's market leases-to-new-listings · Sep 2026
      Sep 202669%Landlord's market
      Last 3 months71%Landlord's market
      Last 12 months65%Landlord's market
      Behind the reading
      80LeasesSep 2026
      116New listingsSep 2026
      1.69Months of inventory3-month measure
      28Days to leaseMedian, Sep 2026
      99%Rent vs askingAverage, Sep 2026
      38Listings withdrawnSep 2026

      The needle shows the latest month, which can swing. The three- and 12-month reads are steadier. Since 2010 the 12-month share has never been under 53%; its median is 61%.

      Market Phase
      Busy but rents easing, landlords in control

      Seven signals, Jul to Sep 2026 against the same months a year earlier.

      Leases signed, last 3 months
      306 vs 272 a year ago
      +12.5%Hotter
      New rental listings, last 3 months
      429 vs 499 a year ago
      −14.0%Hotter
      Leases-to-new-listings ratio
      71% vs 55% a year ago
      +17 ptsHotter
      Months of rental inventory, three-month
      1.69 vs 2.32 a year ago
      −0.63Hotter
      Active rental listings
      170 vs 208 a year ago
      −18.3%Hotter
      Average rent, last 3 months
      $2,646 vs $2,708 a year ago
      −2.3%Cooler
      Rent achieved against asking
      99.7% vs 99.7% a year ago
      0 ptsSteady

      Hotter means tighter for tenants; cooler means more room. A signal moves only when it changes by a set amount: 5% for leases and listings, 2% for rent, 3 points for the leases-to-listings ratio, 1 point for rent against asking, 0.3 months for inventory.

      What this means: Demand and supply both moved in the landlord's favour: leases up 13%, new listings down 14% and active listings down 18% over the last three months against a year earlier. The one signal running the other way is rent, down 2.3%. That is a market where units are getting snapped up at rents tenants can afford, not one where landlords can push. Over 12 months leases equalled 65% of new listings: a landlord's market, above the 61% median since 2010.
      Leases-to-new-listings ratio — 12-month rolling, since 2010
      TenantsBalancedLandlords0%20%40%60%80%100%2013201620192022202565%
      TenantsBalancedLandlords0%20%40%60%80%100%2016202265%

      Leases equalled 65% of new rental listings over the last 12 months, against 56% a year earlier. The median since 2010 is 61%.

      Months of rental inventory
      MonthlyThree-month
      0.001.002.003.004.005.006.0020122016202020242.131.69
      0.001.002.003.004.005.006.002010201620222.131.69

      1.69 months on the three-month measure, against 2.32 a year earlier. How long today's rental listings would last at the current pace of leasing.

      Every Month Since 2010 — Leases-to-New-Listings Ratio

      Charcoal leans to tenants, gold to landlords. Rentals run tighter than sales, so the shading is split finer above 50%. Read across a row to see the season; read down a column to compare the same month over 17 years.

      JanJFebFMarMAprAMayMJunJJulJAugASepSOctONovNDecD 2026628878526960717369 2025486468566946516745624652 2024315076965483485342416281 2023435262647889665656625172 2022769573626062564757445462 20217610085786375596262766364 2020778774788769768771767373 2019727389747190998063577473 2018507776527866726271786587 20174565691235044554855495633 2016646870576777535146634548 2015398264716361596249604556 2014488173759060615248616859 2013555262597259706557473582 201210715053536596586651397847 201186711257150785011753816832 201035898845741065975521066971
      Under 40% (tenant's)40 to 50%50 to 55%55 to 60%60 to 70%70 to 85%85% and over

      When Newmarket Leases — Average Leases by Month, 2021 to 2025

      52
      Jan
      53
      Feb
      65
      Mar
      63
      Apr
      68
      May
      74
      Jun
      67
      Jul
      79
      Aug
      70
      Sep
      76
      Oct
      72
      Nov
      54
      Dec

      ■ Busiest month | Average of the five full calendar years. August averages 79 leases; January averages 52.

      Best placed: owners of 4-bedroom homes (leases at 75% of new listings over 12 months) and of condo apartments (80%), where supply is thinnest. Under the most pressure: 2-bedroom landlords. Their 12-month rent is down 6.6%, the biggest drop of any size, and leases were 57% of their new listings, the lowest of any size. For tenants, the room to negotiate sits in 2-bedroom units and units that have been listed a while.

      Pricing a Newmarket rental or weighing a lease? Get the numbers for your exact unit.

      Get a Rental Price Check →
      Rent by Bedroom

      Newmarket Rent Prices by Bedroom — 1, 2, 3 & 4 Bedrooms

      1, 3 and 4-bedroom rents are within 2% of a year ago. Two-bedroom units are the exception: $2,192 on a 12-month average, down 6.6%. In September alone, 2-bedroom units averaged $2,139 against $2,290 a year earlier.

      1-Bedroom
      $1,882 /mo
      12-month average · −0.2% on the year · −5.3% from peak
      346 leases
      63% leases-to-listings
      54 active
      30 days to lease
      September: $1,839 avg · $1,780 median21 leases · $1,872 avg a year earlier
      Landlord-leaning
      2-Bedroom
      $2,192 /mo
      12-month average · −6.6% on the year · −7.0% from peak
      257 leases
      57% leases-to-listings
      52 active
      24 days to lease
      September: $2,139 avg · $2,000 median24 leases · $2,290 avg a year earlier
      Balanced
      3-Bedroom
      $2,982 /mo
      12-month average · −0.2% on the year · −4.9% from peak
      353 leases
      69% leases-to-listings
      39 active
      29 days to lease
      September: $2,984 avg · $2,975 median22 leases · $2,929 avg a year earlier
      Landlord-leaning
      4-Bedroom
      $3,591 /mo
      12-month average · −1.5% on the year · −3.1% from peak
      162 leases
      75% leases-to-listings
      18 active
      36 days to lease
      September: $3,459 avg · $3,225 median12 leases · $3,545 avg a year earlier
      Landlord-leaning
      Average rent by bedroom count — 12-month average, since 2010
      1 bedroom2 bedroom3 bedroom4 bedroom
      $500$1,000$1,500$2,000$2,500$3,000$3,500$4,00020122014201620182020202220242026$3,591$2,982$2,192$1,882
      $500$1,000$1,500$2,000$2,500$3,000$3,500$4,00020162022$3,591$2,982$2,192$1,882

      Total lease value divided by leases signed over the trailing 12 months, for each bedroom count.

      BedroomsLeases, 12 MoShareAverage Rentvs Year AgoFrom PeakPeak MonthLeases-to-ListingsActiveMedian Days
      1 bedroom34630%$1,882−0.2%−5.3%Feb 202563%5430
      2 bedroom25723%$2,192−6.6%−7.0%Apr 202557%5224
      3 bedroom35331%$2,982−0.2%−4.9%Aug 202469%3929
      4 bedroom16214%$3,591−1.5%−3.1%Sep 202475%1836

      Monthly figures for a single bedroom count rest on a few dozen leases, so the cards lead with the 12-month average. Bedroom counts do not cover every lease, so shares do not add to 100%.

      By Property Type

      Newmarket Rent by Home Type — Houses, Townhouses & Condos

      Detached houses are 45% of all Newmarket leases over 12 months, at $2,676 a month. Condo apartments are 18% at $2,252, down 8.7% on the year, yet leases equalled 80% of new condo apartment listings: they are cheaper, and they move. Row townhouses average $2,975, more than detached homes, so compare by bedroom count as well as type.

      Detached
      $2,676 /mo
      12-month average · −5.6% on the year · −9.1% from peak
      512 leases
      45% of all leases
      59% leases-to-listings
      2.05 months inventory
      Balanced
      Semi-detached
      $2,391 /mo
      12-month average · −6.5% on the year · −9.3% from peak
      158 leases
      14% of all leases
      63% leases-to-listings
      1.53 months inventory
      Landlord-leaning
      Row townhouse
      $2,975 /mo
      12-month average · −2.2% on the year · −5.9% from peak
      121 leases
      11% of all leases
      74% leases-to-listings
      0.77 months inventory
      Landlord-leaning
      Condo townhouse
      $2,673 /mo
      12-month average · +2.6% on the year · −16.1% from peak
      76 leases
      7% of all leases
      79% leases-to-listings
      0.75 months inventory
      Landlord-leaning
      Condo apartment
      $2,252 /mo
      12-month average · −8.7% on the year · −10.8% from peak
      206 leases
      18% of all leases
      80% leases-to-listings
      0.91 months inventory
      Landlord-leaning
      Average rent by property type — 12-month average, since 2010
      DetachedSemi-detachedRow townhouseCondo townhouseCondo apartment
      $1,000$1,500$2,000$2,500$3,000$3,50020122014201620182020202220242026$2,975$2,676$2,673$2,391$2,252
      $1,000$1,500$2,000$2,500$3,000$3,50020162022$2,975$2,676$2,673$2,391$2,252

      Total lease value divided by leases over the trailing 12 months. A type is drawn only for periods with at least 12 leases.

      Property TypeLeases, 12 MoShareAverage Rentvs Year AgoFrom PeakLeases-to-ListingsActiveMonths Inv.
      All homes1,139100%$2,554−6.2%−9.1%65%1701.69
      Detached51245%$2,676−5.6%−9.1%59%1002.05
      Semi-detached15814%$2,391−6.5%−9.3%63%251.53
      Row townhouse12111%$2,975−2.2%−5.9%74%100.77
      Condo townhouse767%$2,673+2.6%−16.1%79%50.75
      Condo apartment20618%$2,252−8.7%−10.8%80%100.91

      All homes also counts link homes and other types not listed, so shares do not add to 100%. Months of inventory is the three-month measure.

      Compared

      Newmarket Rent vs Nearby Towns — September 2026

      On the all-homes average, Newmarket is the second-lowest of 9 nearby towns at $2,554. Like for like it is cheaper still than the southern towns: a 2-bedroom averages $2,192, 17% under Richmond Hill and 17% under Markham. Aurora's 2-bedroom average is $2,252.

      Average 2-Bedroom Rent — 12 Months to September 2026

      Markham$2,649
      Vaughan$2,640
      Richmond Hill$2,629
      Whitchurch-Stouffville$2,576
      Aurora$2,252
      Newmarket$2,192
      Barrie$2,186
      Georgina$2,160
      Bradford West Gwillimbury$1,934

      Each town's 2-bedroom leases over the last 12 months, total lease value divided by leases. Same source and method for every town.

      TownAverage Rentvs Year Ago1-Bed2-Bed3-BedLeases, 12 MoLeases-to-ListingsCondition
      Richmond Hill$2,992−2.3%$2,132$2,629$3,3113,33961%Landlord-leaning
      Aurora$2,985−3.3%$1,840$2,252$3,07560357%Balanced
      Whitchurch-Stouffville$2,976+0.1%$2,073$2,576$3,07832559%Balanced
      Markham$2,820−4.6%$2,187$2,649$3,2415,09565%Landlord-leaning
      Vaughan$2,657−1.4%$2,101$2,640$3,5465,71567%Landlord-leaning
      Georgina$2,633−7.2%$1,768$2,160$2,75534654%Balanced
      Bradford West Gwillimbury$2,606−3.3%$1,634$1,934$2,83028159%Balanced
      Newmarket$2,554−6.2%$1,882$2,192$2,9821,13965%Landlord-leaning
      Barrie$2,356−2.8%$1,881$2,186$2,5751,81458%Balanced

      All figures are 12-month measures to September 2026. A town's all-homes average moves with its mix: a town that leases more houses than condos shows a higher average even at the same rent per unit size, so compare by bedroom count.

      Renters, Landlords & Investors

      Renting or Leasing Out in Newmarket? September 2026 Playbook

      Newmarket is leasing fast at lower rents. Price to the bedroom count, list ready, decide quickly.

      Leases equalled 69% of new rental listings in September and inventory is 2.13 months, so good units do not wait. But rent is down 2.3% over three months, and leases over the past year equalled 65% of new listings. The units that sit are the ones priced to last year. Talk to Matthew directly →

      Renter's Playbook — September 2026
      Rents down 1.9% like for like
      1
      Budget by bedroom count12-month averages: 1-bedroom $1,882, 2-bedroom $2,192, 3-bedroom $2,982, 4-bedroom $3,591.
      2
      Have your file ready before you tourThe median listing leased in 28 days in September. A complete application on day one beats a slightly higher offer on day four.
      3
      Negotiate where supply is loosest2-bedroom leases equalled 57% of new listings over 12 months, the lowest of any size. A unit listed for 30 days or more is the one to ask about.
      4
      Time it if you canAugust is the busiest leasing month on average and January the quietest. Fewer tenants are searching in the quiet months.
      Landlord's Playbook — September 2026
      69% leases-to-listings
      1
      Price to this year, not last year12-month rent is 9.1% under the March 2025 peak. Leases over 12 months equalled 65% of new listings.
      2
      Use your bedroom count's number1-bed $1,882 · 2-bed $2,192 · 3-bed $2,982 · 4-bed $3,591, 12-month averages.
      3
      Watch the first two weeksThe median unit leased in 28 days in September, at 99% of asking. Few showings in the first 14 days means the rent is the problem.
      4
      Screen properlyDemand is strong, so take the time to verify income, references and credit. A fast lease to the wrong tenant costs more than a week of vacancy.

      For Investors

      1,139
      leases signed in the last 12 months, up 28% from 893
      Leasing is at a record and inventory is 1.69 months, but rents are down like for like. Underwrite on today's rent by bedroom count, not on the 2025 peak.
      Rental inventorythree-month measure
      1.69 mo
      12-month average rentfrom the 2025 peak
      −9.1%
      Rent vs askingaverage, Sep 2026
      99%
      Run your numbers →

      Before You Apply

      28 days
      median time a Newmarket rental listing took to lease in September 2026
      Listings move fast, so have every document in hand before you book a viewing.
      • Credit reportA current report from Equifax or TransUnion.
      • Employment letterConfirming your position, start date and annual salary.
      • Recent pay stubsThe last two to three.
      • Rental referencesContact previous landlords in advance.
      • Bank statementsSome landlords ask for 60 to 90 days of history.
      Ask Matthew →

      Thinking of Buying Instead?

      $2,192
      average 2-bedroom rent a month over 12 months
      If you are weighing a purchase instead, compare this rent with what owning would cost at today's prices.
      3-bedroom rent12-month average
      $2,982
      4-bedroom rent12-month average
      $3,591
      Detached house rent12-month average
      $2,676
      Rent vs own calculator →

      Newmarket sales market report →

      Location Guide

      Why Rent in Newmarket, Ontario?

      Commuter Access

      Newmarket GO Station provides direct train service to Union Station in downtown Toronto, making it a practical base for commuters working in the city.

      Schools

      York Region District School Board schools serve Newmarket with strong academic reputations, making the area highly desirable for families with school-age children.

      Amenities

      Upper Canada Mall and the shops and restaurants along historic Main Street provide excellent retail and dining options without leaving the community.

      Lifestyle

      Newmarket combines the pace of suburban living with quick highway access to Barrie, Toronto, and major employment centres throughout the GTA and Simcoe County.

      MG

      Matthew Gizzie

      REALTOR® · Keller Williams Realty Centres, Brokerage · meetmatthew.ca

      Matthew publishes monthly rental market reports using MLS® lease data to help renters, landlords, and investors understand pricing trends in Newmarket and York Region. He serves buyers, sellers, and investors across York Region, Simcoe County, and the Greater Toronto Area through Keller Williams Realty Centres.

      Work With a Local Newmarket Rental Expert

      Whether you are looking to rent in Newmarket or lease out a property, get the current numbers for your exact situation.

      Frequently Asked Questions

      Newmarket Rental Market FAQ — Rent Prices, Leasing & Tenant Questions

      Rent Prices

      How much is rent in Newmarket, Ontario in 2026? +
      The average rent in Newmarket was $2,520 a month in September 2026, and the median was $2,500. Over the last 12 months the average was $2,554. By bedroom count, 12-month averages: 1-bedroom $1,882, 2-bedroom $2,192, 3-bedroom $2,982 and 4-bedroom $3,591. Source: HabiStat MLS® statistics, all associations.
      How much is a 1-bedroom apartment in Newmarket? +
      A 1-bedroom rental in Newmarket averaged $1,882 a month over the 12 months to September 2026, −0.2% on the year. In September alone, 21 1-bedroom units leased at an average of $1,839 and a median of $1,780.
      How much is a 2-bedroom apartment in Newmarket? +
      A 2-bedroom rental averaged $2,192 a month over the 12 months to September 2026, down 6.6% on the year. In September, 24 2-bedroom units leased at an average of $2,139 and a median of $2,000.
      How much does it cost to rent a house in Newmarket? +
      Detached houses leased for an average of $2,676 a month over the last 12 months and made up 45% of all Newmarket leases. By size, 3-bedroom units of every type averaged $2,982 and 4-bedroom units $3,591.
      Are rents going up or down in Newmarket? +
      Down on the headline: the 12-month average rent is $2,554, −6.2% on the year and 9.1% below its March 2025 peak. Most of that is the mix of units leased. Like for like, rents are down 1.9%: 1- and 3-bedroom rents are close to flat, while 2-bedroom rents are −6.6%.
      Is Newmarket cheaper to rent than Richmond Hill or Markham? +
      Yes. Over the 12 months to September 2026, a 2-bedroom averaged $2,192 in Newmarket, against $2,629 in Richmond Hill and $2,649 in Markham: 17% and 17% less. Across all homes, Newmarket's average of $2,554 is the second-lowest of the 9 towns we track; Barrie is the lowest at $2,356.

      Market Conditions

      Is Newmarket a landlord's or tenant's market? +
      A landlord's market by the numbers. Leases equalled 65% of new rental listings over the last 12 months and 69% in September; over 60% favours landlords. Inventory is 2.13 months. Rents are not rising with it, though: like-for-like rent is down 1.9% on the year, so landlords have tenants but not pricing power.
      Can I negotiate rent in Newmarket? +
      On some units. Leases over the last 12 months equalled 65% of new rental listings, and 2-bedroom units had the lowest leases-to-new-listings ratio at 57%. Units that have sat past the 28-day median are the best place to ask. A complete application makes the request easier to accept.
      How long does it take to find a rental in Newmarket? +
      The median rental listing leased in 28 days in September 2026; the average was 37 days. By size over recent months: 1-bedroom 30 days, 2-bedroom 24 days, 3-bedroom 29 days, 4-bedroom 36 days.
      When is the busiest time to rent in Newmarket? +
      Over 2021 to 2025, August averaged the most leases (79) and January the fewest (52). Searching in the quieter winter months means fewer tenants competing for each unit.

      Tenant & Landlord Questions

      What documents do I need to rent in Newmarket? +
      Standard Newmarket rental applications ask for government-issued photo ID, a current credit report, a signed employment letter confirming your position and salary, your two most recent pay stubs, and one or two landlord references. Some landlords also request 60 to 90 days of bank statements. Having all documents ready before you tour improves your chances in a fast market.
      What credit score do I need to rent in Newmarket? +
      Requirements vary by landlord. Private landlords renting houses may weigh income and references more heavily than a score; condo and building landlords usually run a formal check through Equifax or TransUnion. If your score is weak, a strong employment letter or a co-signer can strengthen your application.
      Are basement apartments in Newmarket legal? +
      Not all are. A legal basement unit must have proper ceiling height, egress windows for fire escape, a separate entrance, and meet Ontario Building Code requirements. Before signing a lease on a basement apartment, ask the landlord to confirm the unit is a registered second suite with the Town of Newmarket. Renting an illegal unit can expose tenants to safety risks and complicate disputes under the Residential Tenancies Act.
      Does rent control apply in Newmarket? +
      Ontario's rent increase guideline limits how much a landlord can raise rent each year for an existing tenant, but it applies only to units first occupied for residential purposes before November 15, 2018. Newer units are exempt, so most newer condos in Newmarket fall outside it. Confirm the first-occupancy date before signing if this matters to you.
      How much can I charge for rent in Newmarket? +
      Start from your unit's bedroom count. Over the 12 months to September 2026: 1-bedroom $1,882, 2-bedroom $2,192, 3-bedroom $2,982, 4-bedroom $3,591. Units leased at 99% of asking on average in September, so the listed rent is close to what you will get: set it right at the start.
      Is Newmarket a good place to invest in rental property? +
      Demand is strong: 1,139 leases in 12 months, a record, leases at 65% of new listings and 1.69 months of inventory. Rent is the weak spot, with the 12-month average 9.1% below its peak. Run your numbers on today's rent, with the investment deal analyzer, and check purchase prices in the Newmarket sales market report.
      Is Newmarket a good place to live for Toronto commuters? +
      Newmarket GO Station offers direct rail service to Union Station in downtown Toronto, making it one of the more practical commuter towns north of the city. A 2-bedroom here averages 17% less than in Richmond Hill over the last 12 months.
      Explore More

      Related Reports & Resources

      Sales Market
      Newmarket Real Estate Market 2026 →
      Rental
      York Region Rental Market →
      Rental
      Aurora Rental Market Report →
      Rental
      Richmond Hill Rental Market Report →
      York Region
      York Region Housing Market Report →
      Tools
      Rent vs. Own Calculator →
      Tools
      Investment Deal Analyzer →
      Work With Matthew
      Client Reviews →

      Coverage

      Leases recorded through the MLS® for Newmarket, Ontario. Source: HabiStat MLS® statistics, all associations, monthly from January 2010 to September 2026. Leases arranged privately or directly by purpose-built rental buildings are not included. The current partial month is reported separately and left out of every calculation.

      Key Definitions

      Leases-to-new-listings ratio: leases signed divided by new rental listings in the period. Months of inventory: how long active rental listings would last at the current pace of leasing; the three-month measure uses the trailing three months of leases. 12-month average rent: total lease value divided by leases signed over the trailing 12 months. Rent vs asking: the rent agreed as a percentage of the listed rent. Distance from peak: the 12-month average rent against its highest level to that point.

      How the Reads Are Made

      Market phase compares the latest three months with the same three months a year earlier and tags each signal hotter, cooler or steady by a fixed threshold. The balance meter treats a leases-to-new-listings ratio under 40% as a tenant's market and over 60% as a landlord's market. These are rules applied to the data, not forecasts.

      Limitations

      Figures by bedroom count or property type rest on smaller samples and can move with the mix of units leased, which is why they are shown over 12 months. Average rent for all homes moves with the mix of unit sizes leased. All data is subject to revision.

      All metrics are for informational purposes only and do not constitute financial, legal or investment advice. MLS® is a registered trademark of the Canadian Real Estate Association. Matthew Gizzie is a registered REALTOR® with Keller Williams Realty Centres, Brokerage. Not intended to solicit clients already under contract.

      Matthew Gizzie

      Matthew Gizzie

      Real Estate Professional

      Keller Williams Realty Centres, Brokerage.

      16945 Leslie Street unit 27-29, Newmarket, Ontario, L3Y 9A2

      Matthew@meetmatthew.ca

      (289) 338-1433

      (905) 895-5972
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      Listing Data were last updated: 2026-11-05 02:58:55

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      Matthew Gizzie is a registered REALTOR® with Keller Williams Realty Centres, Brokerage. Proudly serving York Region, Simcoe County, and the Greater Toronto Area including Newmarket, Aurora, Richmond Hill, Vaughan, Markham, Barrie, and Bradford. Not intended to solicit buyers or sellers currently under contract. MLS® and REALTOR® are trademarks of The Canadian Real Estate Association (CREA).

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