Condos for Rent in Bay Ridges, Pickering, ON

Name: HOMEH Market Pulse — Bay Ridges, Pickering closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

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Neighbourhood in Pickering

Bay Ridges

suburban family-friendly diverse

Bay Ridges is a neighborhood in Pickering, Ontario. It offers a mix of residential options and local amenities.

Median home price is $674,900 Average rent is $2,500 Four elementary schools available Ten parks for outdoor activities Diverse community with 27.9% immigrants

Day to dayLivability

5.2

Schools near listings

out of 10 · averaged over 2,187 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$674,900

25% below Pickering 6% below Ontario

In Bay Ridges

$674,900

In Pickering

$899,999

In Ontario

$717,000

Median monthly rent

$2,500/mo

3% above Pickering On par with Ontario

In Bay Ridges

$2,500

In Pickering

$2,425

In Ontario

$2,500

≈ 22.5 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $674,900

Condos 35 · Houses 28

For rent

Median $2,500

Condos 25 · Houses 11

Recently sold

Recently leased

Market data as of 2026-10-10. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Family-friendly environment with parks and schools
Good access to local amenities
Strong community feel with diverse population
Affordable compared to city median prices

Keep in mind

Limited public transit options
Few restaurants and grocery stores nearby

The feel of the placeLifestyle

Residents enjoy a suburban lifestyle with access to parks and schools. Daily life is quiet and family-oriented.

Great for families first-time buyers commuters

Within the boundaryWhat's nearby

The boundary

4.3 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Restaurants

Cafés

Gyms

Pharmacies

Counted across all 4.3 km² of Bay Ridges. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

4.6/10

Average rating of the 2 rated schools in this area

Elementary

Biidaasige Mandamin Public School
Public · Grades JK–8 · Durham DSB
5.3/105.4 over 5 yrs
2,037th of 3,045 Ontario elementary schools
380 students · EQAO 2024-2025
Bayview Heights Public School
Public · Grades JK–8 · Durham DSB
3.8/104.5 over 5 yrs
2,642nd of 3,045 Ontario elementary schools
455 students · EQAO 2024-2025
Grove Secondary School (Elementary)
Public · Grades JK–8 · Durham DSB
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Bay Ridges, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

8,213

Population (2021)

2.9 km²

Area

2,819

People per km²

41.8

Median age

$94,389

Median income

72%

Own their home

2.4

People per household

3,475

Households

Every age

Children (under 15)13.8%
Working age (15–64)67.1%
Seniors (65+)19.1%

What is built here

Detached houses35.7%
Semi-detached11%
Townhouses15.1%
Duplexes9.2%
Low-rise apartments6.9%
High-rise apartments23.1%

Own or rent

72%Owners

28%Renters

Across 3,475 households

When it was built

Mostly 1961–1980

1960 or earlier13%
1961–198049%
1981–19907%
1991–20003%
2001–20053%
2006–20104%
2011–20158%
2016–202113%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

27.9%
Born outside Canada: 25.2%
Hold a degree or higher: 56.8%
Employment rate: 6.4%
Commute by transit: 85.1%
Commute by car: 1.6
Children per family: $81,102
Median income after tax: $108,053
Average household income: 8.3%
Living on a low income: $1,627/mo
Renters pay, per month: $1,620/mo
Owners pay, per month: $740,596
Median home value at census: 26.9%
Renters spending 30%+ of income on housing: 23.8%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 13 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry

HOMEH Market Pulse Condo apartments only Through September 2026 Deep sales history

What condos in Bay Ridges actually rent for

At least 423 condos were leased in Bay Ridges over the 12 months to September 2026. Half leased above $2,261 and half below, 3.7% lower than the 12 months before. A typical condo found its tenant in 21 days — 2 days slower than a year ago.

7 of the last 12 months had at least 5 closed condos sales in Bay Ridges. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.

Median rent: $2,261; -3.7% year over year
Days to lease: 21; 2 days slower
Leases closed: 423; last 12 months
Rent per square foot: $3.27/mo; from 401 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one condo here differs from the next.

$3,046$2,582$2,118$1,654

Dec ’23Nov ’24Oct ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,998/mo

on a $3,000 asking rent — under ask by $2

−10%Asking rent+10%

Of the asking rent: 99.9%
Leased over asking: 9%

From 423 leases that closed here in the last 12 months.

Rent or buy in Bay Ridges

17.1 years

of rent, at the going rate here, adds up to what a condo here costs.

Median sold price

$465,204

54 sales

Median rent

$2,261/mo

423 leases

Gross rental yield

5.83%

before costs

Both figures come from deals that actually closed in Bay Ridges over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

How fast it moves

Median days on market, month by month. Taller means slower.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Bay Ridges, rentals

Monthly closed leases in Bay Ridges
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	22	$2,375	$2,250 – $2,600	21	100.0%
Aug 2026	20	$2,300	$2,100 – $2,500	15	100.0%
Jul 2026	51	$2,350	$2,225 – $2,600	17	100.0%
Jun 2026	44	$2,300	$2,000 – $2,575	17	100.0%
May 2026	57	$2,200	$2,050 – $2,650	21	100.0%
Apr 2026	94	$2,150	$1,750 – $2,488	30	100.0%
Mar 2026	52	$2,250	$1,950 – $2,500	14	100.0%
Feb 2026	18	$2,163	$2,100 – $2,350	25	100.0%
Jan 2026	14	$2,275	$2,113 – $2,538	33	98.0%
Dec 2025	19	$2,400	$2,200 – $2,680	19	100.0%
Nov 2025	16	$2,398	$2,325 – $2,700	12	100.0%
Oct 2025	16	$2,363	$2,219 – $2,538	23	100.0%
Sep 2025	16	$2,650	$2,425 – $2,700	19	98.1%
Aug 2025	18	$2,438	$2,300 – $2,638	21	100.0%
Jul 2025	28	$2,550	$2,390 – $2,750	12	100.0%
Jun 2025	43	$2,400	$2,275 – $2,650	20	100.0%
May 2025	43	$2,375	$2,200 – $2,558	18	100.0%
Apr 2025	62	$2,150	$1,850 – $2,450	23	100.0%
Mar 2025	62	$2,200	$2,013 – $2,438	20	100.0%
Feb 2025	33	$2,390	$2,200 – $2,600	16	100.0%
Jan 2025	11	$2,400	$2,350 – $2,713	26	100.0%
Dec 2024	15	$2,400	$2,213 – $2,688	19	100.0%
Nov 2024	11	$2,500	$2,400 – $2,800	13	100.0%
Oct 2024	10	$2,500	$2,338 – $2,800	19	100.0%
Sep 2024	12	$2,663	$2,488 – $2,831	11	100.0%
Aug 2024	27	$2,800	$2,500 – $2,900	17	100.0%
Jul 2024	30	$2,600	$2,413 – $2,900	41	100.0%
Jun 2024	31	$2,600	$2,375 – $2,775	28	100.0%
May 2024	46	$2,400	$2,200 – $2,600	29	100.0%
Apr 2024	40	$2,400	$2,200 – $2,688	35	100.0%
Mar 2024	31	$2,350	$2,163 – $2,600	28	100.0%
Feb 2024	13	$2,400	$2,250 – $2,700	17	100.0%
Jan 2024	6	$2,313	$2,263 – $2,381	22	100.0%
Dec 2023	5	$2,450	$2,350 – $2,950	7	100.0%

What people ask about Bay Ridges

How much does a condo cost in Bay Ridges?

Condos in Bay Ridges sold for a median of $465,204 over the 12 months to September 2026, across at least 54 closed sales — half sold for more and half for less. That is 13.7% lower than the 12 months before it.

How long does it take to sell a condo in Bay Ridges?

A condo in Bay Ridges took a median of 28 days on the market over the 12 months to September 2026. Condos there closed at 97.3% of the asking price on average, with 16.7% selling over asking.

How much is rent for a condo in Bay Ridges?

The median condo lease in Bay Ridges closed at $2,261 a month over the 12 months to September 2026, across at least 423 leases.

Is it cheaper to rent or buy a condo in Bay Ridges?

A condo in Bay Ridges costs about 17.1 years of the rent on one — the median price of $465,204 against a median rent of $2,261 a month, a gross yield of 5.83%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Bay Ridges on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one condo. Not an appraisal or an opinion of value.