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Whitchurch-Stouffville Rental Market Report

Whitchurch-Stouffville, Ontario Rent Prices — September 2026

Whitchurch-Stouffville leases are up on a year ago: leases at 71% of new rental listings in September, a landlord's market, with 1.71 months of inventory. September rents were lower than a year ago.

$2,740Average Rent
$3,050Median Rent
35Leases
1.7 moInventory
Landlord'sMarket

Rents up 0.1% on the year

325 leases were signed in the 12 months to September 2026, up 16% on the year. The 12-month average rent is $2,976, 4.3% below its September 2024 peak. Held to the same mix of unit sizes, rents are down 0.4%.

Market phase: Balanced. Two of seven signals are hotter than a year ago and two cooler.

Updated: October 21, 2026 | Data: HabiStat MLS® statistics, all associations, leases | Every month since January 2010

At a Glance

Whitchurch-Stouffville Rental Market — September 2026 At a Glance

September 2026 against Sep 2025: 35 leases against 24, 49 new rental listings against 42, and 60 units on the market against 51. Average rent was $2,740 against $2,992. For the bigger picture see the Whitchurch-Stouffville 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
$2,740
▼ 8.4% vs Sep 2025 ($2,992)
Sep 2021: $2,80712-mo avg now: $2,976
Median Rent
$3,050
▼ 2.4% vs Sep 2025 ($3,125)
Sep 2021: $2,71512-mo avg now: $3,070
Leases Signed
35
▲ 45.8% vs Sep 2025 (24)
Sep 2021: 1712-mo avg now: 27
Leases-to-New-Listings Ratio
71%
57% a year earlier · over 60% favours landlords
Sep 2021: 75%12-mo avg now: 59%
Months of Inventory
1.71
2.13 a year earlier
Sep 2021: 0.8212-mo avg now: 2.55
Median Days to Lease
12
19 a year earlier · average 26
Sep 2021: 1112-mo avg now: 22
Rent Achieved vs Asking
100%
100% a year earlier · average lease against list
Sep 2021: 101%12-mo avg now: 99%
New Rental Listings
49
▲ 16.7% vs Sep 2025 (42)
Sep 2021: 2212-mo avg now: 46
Active Rental Listings
60
▲ 17.6% vs Sep 2025 (51)
Sep 2021: 1412-mo avg now: 64
September Summary: 35 leases, up 45.8% on Sep 2025. Average rent $2,740 and median $3,050, down 2.4% on the median. Leases equalled 71% of new listings against 57% a year earlier, and inventory fell from 2.13 to 1.71 months. The typical unit leased in 12 days, at 100% 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): 6 leases, 24 new rental listings, 69 active. Metrics may be revised.
Market Conditions

Is Whitchurch-Stouffville 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% 71% Landlord's market leases-to-new-listings · Sep 2026
Sep 202671%Landlord's market
Last 3 months66%Landlord's market
Last 12 months59%Balanced market
Behind the reading
35LeasesSep 2026
49New listingsSep 2026
1.94Months of inventory3-month measure
12Days to leaseMedian, Sep 2026
100%Rent vs askingAverage, Sep 2026
6Listings 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 54%; its median is 63%.

Market Phase
Balanced

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

Leases signed, last 3 months
96 vs 81 a year ago
+18.5%Hotter
New rental listings, last 3 months
146 vs 147 a year ago
−0.7%Steady
Leases-to-new-listings ratio
66% vs 55% a year ago
+11 ptsHotter
Months of rental inventory, three-month
1.94 vs 1.91 a year ago
+0.03Steady
Active rental listings
60 vs 51 a year ago
+17.6%Cooler
Average rent, last 3 months
$2,843 vs $3,093 a year ago
−8.1%Cooler
Rent achieved against asking
99.4% 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: The signals are mixed. Over the last three months against a year earlier, leases were up 19%, new listings down 1% and active listings up 18%, while rent was down 8.1%. Over 12 months leases equalled 59% of new listings: a balanced market, below the 63% median since 2010.
Leases-to-new-listings ratio — 12-month rolling, since 2010
TenantsBalancedLandlords0%20%40%60%80%100%2013201620192022202559%
TenantsBalancedLandlords0%20%40%60%80%100%2016202259%

Leases equalled 59% of new rental listings over the last 12 months, against 56% a year earlier. The median since 2010 is 63%.

Months of rental inventory
MonthlyThree-month
0.001.002.003.004.005.006.007.0020122016202020241.941.71
0.001.002.003.004.005.006.007.00201620221.941.71

1.94 months on the three-month measure, against 1.91 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 2026724468714361775271 2025506366735951515957335576 2024487673725872844858603960 2023598163936158497051466246 2022588678715858497646373750 202110810886699447836678484383 20209012380735081817486736473 20191155766939681655364478041 2018486978567264857485645782 2017945063878446427071473950 201652114927960711064843536161 20154755835869643510075596527 2014167673511811156575550847367 20135911042443948748155363369 2012275043885775898853605270 201113338755069676779938333167 201067200335765906080752240
Under 40% (tenant's)40 to 50%50 to 55%55 to 60%60 to 70%70 to 85%85% and over

When Whitchurch-Stouffville Leases — Average Leases by Month, 2021 to 2025

21
Jan
22
Feb
24
Mar
23
Apr
26
May
27
Jun
31
Jul
30
Aug
23
Sep
20
Oct
21
Nov
19
Dec

■ Busiest month | Average of the five full calendar years. July averages 31 leases; December averages 19.

Best placed: owners of 4-bedroom homes (leases at 67% of new listings over 12 months) and of condo townhouses (89%), where supply is thinnest. Under the most pressure: 3-bedroom landlords. Their 12-month rent is down 2.6%, the biggest drop of any size, and leases were 67% of their new listings, against 48% for 1-bedroom units. For tenants, the room to negotiate sits in 1-bedroom units and units that have been listed a while.

Pricing a Whitchurch-Stouffville rental or weighing a lease? Get the numbers for your exact unit.

Get a Rental Price Check →
Rent by Bedroom

Whitchurch-Stouffville Rent Prices by Bedroom — 1, 2, 3 & 4 Bedrooms

The biggest drop is 3-bedroom units: $3,078 on a 12-month average, −2.6%. 1-bedroom and 4-bedroom are the sizes with rents up, at +1.3% and +2.3%. In September alone, 3-bedroom units averaged $3,234 against $3,228 a year earlier.

1-Bedroom
$2,073 /mo
12-month average · +1.3% on the year · −9.6% from peak
48 leases
48% leases-to-listings
12 active
11 days to lease
September: $1,865 avg · $1,700 median5 leases · $2,150 avg a year earlier
Balanced
2-Bedroom
$2,576 /mo
12-month average · −1.6% on the year · −6.6% from peak
83 leases
55% leases-to-listings
23 active
25 days to lease
September: $2,410 avg · $2,300 median15 leases · $2,360 avg a year earlier
Balanced
3-Bedroom
$3,078 /mo
12-month average · −2.6% on the year · −4.9% from peak
99 leases
67% leases-to-listings
10 active
12 days to lease
September: $3,234 avg · $3,225 median8 leases · $3,228 avg a year earlier
Landlord-leaning
4-Bedroom
$3,654 /mo
12-month average · +2.3% on the year · −7.2% from peak
82 leases
67% leases-to-listings
10 active
17 days to lease
September: $3,433 avg · $3,375 median6 leases · $3,688 avg a year earlier
Landlord-leaning
Average rent by bedroom count — 12-month average, since 2010
1 bedroom2 bedroom3 bedroom4 bedroom
$1,000$1,500$2,000$2,500$3,000$3,500$4,00020122014201620182020202220242026$3,654$3,078$2,576$2,073
$1,000$1,500$2,000$2,500$3,000$3,500$4,00020162022$3,654$3,078$2,576$2,073

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 bedroom4815%$2,073+1.3%−9.6%Aug 202348%1211
2 bedroom8326%$2,576−1.6%−6.6%Feb 202455%2325
3 bedroom9930%$3,078−2.6%−4.9%Apr 202567%1012
4 bedroom8225%$3,654+2.3%−7.2%Oct 202167%1017

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

Whitchurch-Stouffville Rent by Home Type — Houses, Townhouses & Condos

Detached houses are 53% of all Whitchurch-Stouffville leases over 12 months, at $3,122 a month, up 0.3% on the year. Condo apartments had the biggest drop, −1.2% on 35 leases. Condo townhouses had the highest leases-to-new-listings ratio, 89%, at an average of $2,838. Compare by bedroom count as well as type.

Detached
$3,122 /mo
12-month average · +0.3% on the year · −4.3% from peak
171 leases
53% of all leases
52% leases-to-listings
2.74 months inventory
Balanced
Semi-detached
$2,839 /mo
12-month average · +9.9% on the year · −10.4% from peak
14 leases
4% of all leases
78% leases-to-listings
1.50 months inventory
Landlord-leaning
Row townhouse
$3,019 /mo
12-month average · −1.1% on the year · −6.0% from peak
73 leases
22% of all leases
70% leases-to-listings
1.00 months inventory
Landlord-leaning
Condo townhouse
$2,838 /mo
12-month average · +6.3% on the year · −8.4% from peak
16 leases
5% of all leases
89% leases-to-listings
0.60 months inventory
Landlord-leaning
Condo apartment
$2,699 /mo
12-month average · −1.2% on the year · −7.2% from peak
35 leases
11% of all leases
81% leases-to-listings
0.33 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$3,122$3,019$2,839$2,838$2,699
$1,000$1,500$2,000$2,500$3,000$3,50020162022$3,122$3,019$2,839$2,838$2,699

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 homes325100%$2,976+0.1%−4.3%59%601.94
Detached17153%$3,122+0.3%−4.3%52%432.74
Semi-detached144%$2,839+9.9%−10.4%78%21.50
Row townhouse7322%$3,019−1.1%−6.0%70%71.00
Condo townhouse165%$2,838+6.3%−8.4%89%10.60
Condo apartment3511%$2,699−1.2%−7.2%81%10.33

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

Whitchurch-Stouffville Rent vs Nearby Towns — September 2026

On the all-homes average, Whitchurch-Stouffville is the third-highest of 9 nearby towns at $2,976. Like for like, a 2-bedroom averages $2,576, 3% under Markham's $2,649 and 14% over Aurora's $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 Whitchurch-Stouffville? September 2026 Playbook

Whitchurch-Stouffville is balanced. Price to the bedroom count, list ready, decide quickly.

Leases equalled 71% of new rental listings in September and inventory is 1.71 months. Rent is down 8.1% over three months, and leases over the past year equalled 59% of new listings. The units that sit are the ones priced above the market. Talk to Matthew directly →

Renter's Playbook — September 2026
Rents down 0.4% like for like
1
Budget by bedroom count12-month averages: 1-bedroom $2,073, 2-bedroom $2,576, 3-bedroom $3,078, 4-bedroom $3,654.
2
Have your file ready before you tourThe median listing leased in 12 days in September. A complete application on day one beats a slightly higher offer on day four.
3
Negotiate where supply is loosest1-bedroom leases equalled 48% 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 canJuly is the busiest leasing month on average and December the quietest. Fewer tenants are searching in the quiet months.
Landlord's Playbook — September 2026
71% leases-to-listings
1
Price to this year, not last year12-month rent is 4.3% under the September 2024 peak. Leases over 12 months equalled 59% of new listings.
2
Use your bedroom count's number1-bed $2,073 · 2-bed $2,576 · 3-bed $3,078 · 4-bed $3,654, 12-month averages.
3
Watch the first two weeksThe median unit leased in 12 days in September, at 100% of asking. Few showings in the first 14 days means the rent is the problem.
4
Screen properlyTake the time to verify income, references and credit. A fast lease to the wrong tenant costs more than a week of vacancy.

For Investors

325
leases signed in the last 12 months, up 16% from 280
Leases are up 16% on the year and inventory is 1.94 months; rents are down like for like. Underwrite on today's rent by bedroom count, not on the 2024 peak.
Rental inventorythree-month measure
1.94 mo
12-month average rentfrom the 2024 peak
−4.3%
Rent vs askingaverage, Sep 2026
100%
Run your numbers →

Before You Apply

12 days
median time a Whitchurch-Stouffville rental listing took to lease in September 2026
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?

$2,576
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
$3,078
4-bedroom rent12-month average
$3,654
Detached house rent12-month average
$3,122
Rent vs own calculator →

Whitchurch-Stouffville sales market report →

Location Guide

Why Rent in Whitchurch-Stouffville, Ontario?

Commuter Access

Whitchurch-Stouffville is served by the Stouffville GO line, connecting to Union Station in approximately 65–75 minutes.

Schools

York Region District School Board and York Catholic DSB serve Whitchurch-Stouffville, with highly regarded elementary and secondary schools across the municipality.

Amenities

Access to Stouffville's Main Street shops, local restaurants, and proximity to Markham's Unionville offers suburban lifestyle appeal. The Rouge National Urban Park and local conservation areas provide green space rarely available in denser York Region municipalities.

Lifestyle

Whitchurch-Stouffville combines small-town suburban quality of life with access to major employment hubs in Markham's tech corridor and downtown Toronto via GO Transit.

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 across 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 Whitchurch-Stouffville Rental Expert

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

Frequently Asked Questions

Whitchurch-Stouffville Rental Market FAQ — Rent Prices, Leasing & Tenant Questions

Rent Prices

How much is rent in Whitchurch-Stouffville, Ontario in 2026? +
The average rent in Whitchurch-Stouffville was $2,740 a month in September 2026, and the median was $3,050. Over the last 12 months the average was $2,976. By bedroom count, 12-month averages: 1-bedroom $2,073, 2-bedroom $2,576, 3-bedroom $3,078, 4-bedroom $3,654. Source: HabiStat MLS® statistics, all associations.
How much is a 1-bedroom apartment in Whitchurch-Stouffville? +
A 1-bedroom rental in Whitchurch-Stouffville averaged $2,073 a month over the 12 months to September 2026, +1.3% on the year. In September alone, 1-bedroom leases numbered 5, at an average of $1,865 and a median of $1,700.
How much is a 2-bedroom apartment in Whitchurch-Stouffville? +
A 2-bedroom rental averaged $2,576 a month over the 12 months to September 2026, −1.6% on the year. In September, 2-bedroom leases numbered 15, at an average of $2,410 and a median of $2,300.
How much does it cost to rent a house in Whitchurch-Stouffville? +
Detached houses leased for an average of $3,122 a month over the last 12 months and made up 53% of all Whitchurch-Stouffville leases. By size, 3-bedroom units of every type averaged $3,078 and 4-bedroom units $3,654.
Are rents going up or down in Whitchurch-Stouffville? +
Up on the headline: the 12-month average rent is $2,976, +0.1% on the year and 4.3% below its September 2024 peak. Like for like, rents are down 0.4%. By size: 1-bedroom +1.3%, 2-bedroom −1.6%, 3-bedroom −2.6%, 4-bedroom +2.3%.
Is Whitchurch-Stouffville cheaper to rent than Markham or Aurora? +
Cheaper than Markham, dearer than Aurora. Over the 12 months to September 2026, a 2-bedroom averaged $2,576 in Whitchurch-Stouffville, against $2,649 in Markham and $2,252 in Aurora. Across all homes, Whitchurch-Stouffville's average of $2,976 is the third-highest of the 9 towns we track, against $2,820 in Markham and $2,985 in Aurora.

Market Conditions

Is Whitchurch-Stouffville a landlord's or tenant's market? +
A balanced market by the numbers. Leases equalled 59% of new rental listings over the last 12 months and 71% in September; under 40% favours tenants and over 60% favours landlords. Inventory is 1.71 months. Like-for-like rent is down 0.4% on the year, so neither side has pricing power.
Can I negotiate rent in Whitchurch-Stouffville? +
On some units. Leases over the last 12 months equalled 59% of new rental listings, and 1-bedroom units had the lowest leases-to-new-listings ratio at 48%. Units that have sat past the 12-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 Whitchurch-Stouffville? +
The median rental listing leased in 12 days in September 2026; the average was 26 days. By size over recent months: 1-bedroom 11 days, 2-bedroom 25 days, 3-bedroom 12 days, 4-bedroom 17 days.
When is the busiest time to rent in Whitchurch-Stouffville? +
Over 2021 to 2025, July averaged the most leases (31) and December the fewest (19). Searching in the quieter winter months means fewer tenants competing for each unit.

Tenant & Landlord Questions

What documents do I need to rent in Whitchurch-Stouffville? +
Standard Whitchurch-Stouffville 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.
What credit score do I need to rent in Whitchurch-Stouffville? +
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 Whitchurch-Stouffville 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 Whitchurch-Stouffville. Renting an illegal unit can expose tenants to safety risks and complicate disputes under the Residential Tenancies Act.
Does rent control apply in Whitchurch-Stouffville? +
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 and purpose-built rentals in Whitchurch-Stouffville fall outside it. Confirm the first-occupancy date before signing if this matters to you.
How much can I charge for rent in Whitchurch-Stouffville? +
Start from your unit's bedroom count. Over the 12 months to September 2026: 1-bedroom $2,073, 2-bedroom $2,576, 3-bedroom $3,078, 4-bedroom $3,654. Units leased at 100% of asking on average in September, so the listed rent is close to what you will get: set it right at the start.
Is Whitchurch-Stouffville a good place to invest in rental property? +
Demand is growing: 325 leases in 12 months, up 16% on the year, leases at 59% of new listings and 1.94 months of inventory. The 12-month average rent is 4.3% below its September 2024 peak. Run your numbers on today's rent, with the investment deal analyzer, and check purchase prices in the Whitchurch-Stouffville sales market report.
Is Whitchurch-Stouffville a good place to live for Toronto commuters? +
The Stouffville GO line serves Whitchurch-Stouffville with rail service to Union Station. A 2-bedroom here averages 3% under Markham over the last 12 months.
Explore More

Related Reports & Resources

Sales Market
Whitchurch-Stouffville Real Estate Market 2026 →
Rental
York Region Rental Market Report →
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 →
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Client Reviews →

Coverage

Leases recorded through the MLS® for Whitchurch-Stouffville, 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 in the period divided by new rental listings in the same period, two separate totals. It measures pressure, not the fate of any one listing: a 60% reading does not mean 60% of that month's listings leased, and it is not a vacancy rate. 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.

Mis-keyed lease records: in May 2023, the MLS® data holds lease values far above any rent, most likely sale prices or extra zeros (a property type or bedroom count whose average was more than 2.2 times its median). Those records are counted at that month's median rent, and the excess is taken out of the all-homes figure. Lease counts are unchanged. Left in, they would set a false rent peak.

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: 2026-11-03 02:56:26

Listing Objects were last updated: 2026-11-01T04:10:48.621116Z

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IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS®.

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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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