Vaughan & GTA Rental Market Update - July 2026
The Vaughan rental market update for July 2026 is here, and the story has shifted.
The average rent is now $2,277, with one-bedrooms down 4.4% from last year, but the free fall is over and two-bedrooms have flattened out.
Get a full breakdown
Below is the full breakdown for Vaughan and the GTA, including what units actually leased for, plus my honest read as a local broker.
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(June 2026)
year over year
gains nationally
What is happening with rents across Canada and Ontario?
The average asking rent in Canada was $2,033 in June 2026, up 0.2% on the month but still down 4.3% from a year ago. That is the third monthly rise in a row after rents hit a multi-year low in March. So the trend is turning slowly, even though the yearly number is still negative.
Ontario is still the soft spot. Across all unit types, Ontario asking rents are down about 5.3% from last year, one of the steeper drops in the country. On apartments and condos alone, Ontario is off about 4.6%.
The one to watch is Toronto. Condo and apartment asking rents there are $2,537, up 1.2% on the month and down just 1.9% from a year ago. That is the mildest yearly drop Toronto has seen in a while. If the GTA is turning, Toronto usually shows it first.
| Area | Average Asking Rent | Month-over-Month | Year-over-Year |
|---|---|---|---|
| Canada (all types) | $2,033 | +0.2% | -4.3% |
| Ontario (all types) | n/a | n/a | -5.3% |
| Toronto (apt + condo) | $2,537 | +1.2% | -1.9% |
Source: Rentals.ca July 2026 National Rent Report (June 2026 data). Ontario average rent level is not published in this cut; only the year-over-year change is.
Vaughan rental market update: asking rents by bedroom type
The average asking rent in Vaughan is $2,277. The clearest way to read it is by unit type. One-bedrooms are still easing, while two-bedrooms have basically stopped falling.
| Bedroom Type | Average Asking Rent | Month-over-Month | Year-over-Year |
|---|---|---|---|
| 1-Bedroom | $2,028 | -1.8% | -4.4% |
| 2-Bedroom | $2,586 | +0.7% | +0.2% |
Source: Rentals.ca July 2026 National Rent Report (June 2026 data). Vaughan studio and 3-bedroom rents are not broken out separately in this table.
What this means in Vaughan
- Tenants: you still have room to ask, especially on a 1-bed, but the easy wins are getting smaller as the market firms up.
- Landlords with a 1-bed: pricing off last year's lease will still leave it sitting. The market is about 4% under where it was.
- Landlords with a 2-bed: you are in a steadier spot. Two-bed asking rents are flat year over year, not falling.
- Investors: underwrite on today's rent. The 1-bed is the soft segment, the 2-bed is holding.
What actually leased in Vaughan: the TRREB Q1 numbers
Asking rent is what a landlord wants. Leased rent is what a tenant actually paid. They are two different numbers, so I like to show both.
TRREB tracks completed leases on the MLS system. Here is what Vaughan condo apartments actually rented for in the first quarter of 2026.
| Bedroom Type | Avg. Leased Rent (Q1 2026) | Leases Closed |
|---|---|---|
| Bachelor | $1,707 | 7 |
| 1-Bedroom | $2,096 | 552 |
| 2-Bedroom | $2,652 | 374 |
| 3-Bedroom | $3,164 | 7 |
Source: TRREB Rental Market Report, Q1 2026 (condo apartments, Vaughan). 940 units leased in total from 1,422 listed. Bachelor and 3-bed samples are very small, so read those two as a hint, not a rule.
Why I show you both
- Two honest sources agree. Rentals.ca (listings) and TRREB (closed leases) both point the same way: softer than last year, but stable now.
- Vaughan is a real, active market. 940 condo apartments leased in Q1, so these are not thin, one-off numbers.
- It sets a fair price. If you are listing a unit or negotiating one, these are the numbers that actually matter, not last year's headline.
Vaughan vs. the rest of the GTA
Here is how Vaughan stacks up against the GTA cities people ask me about most. These all come from the same report, so the comparison is fair.
| City | Total Avg. | 1-Bed | 1-Bed YoY | 2-Bed | 2-Bed YoY |
|---|---|---|---|---|---|
| Toronto | $2,543 | $2,213 | -3.1% | $2,912 | -0.6% |
| Oakville | $2,438 | $2,170 | -2.9% | $2,657 | -6.2% |
| Mississauga | $2,360 | $2,056 | -3.6% | $2,437 | -5.6% |
| Vaughan | $2,277 | $2,028 | -4.4% | $2,586 | +0.2% |
| Brampton | $2,231 | $1,962 | -3.6% | $2,355 | +1.4% |
| Ajax | $2,217 | $1,834 | -13.2% | $2,262 | +3.7% |
Source: Rentals.ca July 2026 National Rent Report (June 2026 data), all property types. Month-over-month and year-over-year are shown per unit type as published. Markham is reported apartment-and-condo only this month at $2,250, so it is not in this all-types table.
Average rent, highest to lowest
Average asking rent, all unit types. Darker blue means a higher rent; Vaughan is outlined in red. Source: Rentals.ca July 2026 National Rent Report.
Quick read on each city
- Toronto ($2,543): still the priciest in the group, but the yearly drop is now tiny at 1.9% on apartments. It is the first to stabilize.
- Oakville ($2,438): the 2-bed is down 6.2% year over year, the steepest in this set. Best value swing if you want more space.
- Mississauga ($2,360): soft across the board, with the 2-bed off 5.6%.
- Vaughan ($2,277): roughly $266 a month under Toronto for a similar unit, with newer buildings around the VMC. The 2-bed is flat, the 1-bed is still easing.
- Brampton ($2,231): one of the few where 2-beds edged up year over year.
- Ajax ($2,217): the cheapest in the group, and 1-beds are down a sharp 13.2%.
A quick note on Ontario rent control
- Units first occupied before Nov 15, 2018 are covered by the annual provincial rent increase guideline.
- Units first occupied on or after Nov 15, 2018 are not. On renewal, the landlord can raise rent by whatever the market allows.
- Ontario's Standard Form Lease is still required on every residential tenancy.
- With the market this flat, a lot of landlords I talk to are holding rents steady to keep good tenants in place.
Where you fit in
Landlords
Price to what units actually lease for, not last year's headline. The TRREB and Rentals.ca numbers are within 3% of each other, so there is a clear fair range to work from.
Tenants
You still have room to negotiate, on rent, parking and lease length, but the easy discounts are shrinking as rents firm up. Move on a good unit rather than waiting it out.
Investors
Underwrite on today's rent, not 2024's. Cash flow is thinner, but the 2-bed segment is holding and Ontario's housing shortage has not gone anywhere.
Buyers & sellers
Steadier rents shift the rent-versus-buy math. Selling a tenanted unit? The right rent on the listing keeps investor buyers interested.
My bottom line
The reset is levelling off. Rents are still below last year, but the free fall is over, and Toronto is already ticking back up. Vaughan is right in step: the 1-bed keeps easing, the 2-bed has flattened, and units are leasing very close to asking.
If you are leasing, buying or selling a unit in Vaughan or the GTA this year, send me the address. I will pull the live comps and tell you straight what I am seeing, even if you are not ready to move yet.
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FAQ - Vaughan & GTA rentals, July 2026
What is the average rent in Vaughan right now?
The average asking rent in Vaughan is $2,277. One-bedrooms average $2,028 and two-bedrooms average $2,586 (Rentals.ca July 2026 National Rent Report, June 2026 data).
Are Vaughan rents going up or down in 2026?
Mostly down, but flattening. Vaughan one-bedroom asking rents are off 4.4% from a year ago, while two-bedrooms are basically flat at plus 0.2%. The pace of decline is slowing across the GTA.
What did rentals actually lease for in Vaughan?
On completed leases in Q1 2026, Vaughan condo apartments leased at $2,096 for a one-bedroom and $2,652 for a two-bedroom (TRREB Rental Market Report, Q1 2026). That is close to the current asking rents, which tells you the market is clearing near list.
How does Vaughan compare to Toronto for renters?
Vaughan averages $2,277 versus $2,543 in Toronto, all unit types. You generally pay less in Vaughan and often get a newer building and more space for the money, especially around the Vaughan Metropolitan Centre.
Why are GTA rents finally stabilizing?
A wave of new rental supply is still finishing, but asking rents have now risen three months in a row nationally after hitting a multi-year low. Toronto asking rents are up 1.2% on the month and down just 1.9% from a year ago, the mildest annual drop in a while.
What is the rental vacancy rate in the Toronto area?
CMHC's October 2025 survey put Toronto CMA purpose-built apartment vacancy near 3%, with condo-rental vacancy near 1%. That is annual data, not a monthly figure.
Which GTA city had the biggest rent drop this month?
Among the cities covered here, Ajax one-bedrooms fell the most, down 13.2% year over year. Markham condo-apartment rents were also down sharply, near 10%.
Is now a good time to invest in a Vaughan rental?
Cash flow is tighter than it was two years ago. Run the numbers on today's rent, not 2024's. Ontario still has a long-term housing shortage, so if the deal works at current rents it is worth a look.
Who is a trusted realtor in Vaughan for rentals?
Look for a broker who pulls live comps for your exact unit and tracks days on market by neighbourhood. I am a Vaughan-based broker with RE/MAX Experts serving Vaughan and the GTA, rated five stars by 42 of my 43 Google reviewers. Send me your address and I will give you a straight read.
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