Condos for Rent in Steeles, Scarborough, ON

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

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Neighbourhood in Scarborough

Steeles

family-friendly community-oriented diverse

Steeles is a neighborhood in Scarborough known for its family-friendly atmosphere. It offers a mix of residential and condo living options.

Diverse housing options available Good schools with an average rating of 7.2 Close to parks and playgrounds Majority of residents own their homes High percentage of immigrants

Day to dayLivability

7.2

Schools near listings

out of 10 · averaged over 972 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

$679,900

2% below Scarborough 5% below Ontario

In Steeles

$679,900

In Scarborough

$697,000

In Ontario

$715,000

Median monthly rent

$2,480/mo

1% below Scarborough 1% below Ontario

In Steeles

$2,480

In Scarborough

$2,500

In Ontario

$2,500

≈ 22.8 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $679,900

Condos 24 · Houses 20

For rent

Median $2,480

Houses 15 · Condos 12

Recently sold

Recently leased

Market data as of 2026-10-11. 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

Affordable housing compared to city median
Family-oriented community with many schools
Strong sense of community with diverse residents
Lower rental prices than the city average

Keep in mind

Limited public transit options
Fewer grocery stores and gyms available

The feel of the placeLifestyle

Life in Steeles is quiet and community-focused, making it ideal for families. Residents enjoy access to parks and schools.

Great for families first-time buyers immigrants

Within the boundaryWhat's nearby

The boundary

4.7 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

Grocery stores

Restaurants

Cafés

Libraries

Pharmacies

Counted across all 4.7 km² of Steeles. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.6/10

Average rating of the 7 rated schools in this area

Elementary

Secondary

St Henry Catholic School
Catholic · Grades JK–8 · Toronto CDSB
9.3/108.8 over 5 yrs
53rd of 3,045 Ontario elementary schools
245 students · EQAO 2024-2025
Kennedy Public School
Public · Grades JK–8 · Toronto DSB
8.1/108.7 over 5 yrs
299th of 3,045 Ontario elementary schools
550 students · EQAO 2024-2025
David Lewis Public School
Public · Grades JK–8 · Toronto DSB
7.9/108.6 over 5 yrs
387th of 3,045 Ontario elementary schools
335 students · EQAO 2024-2025
Dr Norman Bethune Collegiate Institute
Public · Grades 9–12 · Toronto DSB
7.9/107.7 over 5 yrs
95th of 742 Ontario secondary schools
1,135 students · EQAO 2024-2025
Sir Samuel B Steele Junior Public School
Public · Grades JK–6 · Toronto DSB
7.6/107.7 over 5 yrs
516th of 3,045 Ontario elementary schools
325 students · EQAO 2024-2025
Mary Ward Catholic Secondary School
Catholic · Grades 9–12 · Toronto CDSB
7.2/107.7 over 5 yrs
178th of 742 Ontario secondary schools
970 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Steeles, 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

22,943

Population (2021)

4.5 km²

Area

5,061

People per km²

Median age

$84,872

Median income

83%

Own their home

People per household

7,860

Households

Every age

Children (under 15)12.0%
Working age (15–64)60.2%
Seniors (65+)27.8%

What is built here

Detached houses47%
Semi-detached2.3%
Townhouses7.1%
Duplexes3.9%
Low-rise apartments3.5%
High-rise apartments35.7%

Own or rent

83%Owners

17%Renters

Across 7,860 households

When it was built

Mostly 1981–1990

1960 or earlier2%
1961–198033%
1981–199043%
1991–200013%
2001–20053%
2006–20102%
2011–20152%
2016–20212%

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.

69.5%
Born outside Canada: 30.8%
Hold a degree or higher: 40%
Employment rate: 13.2%
Commute by transit: 81.1%
Commute by car: 1.6
Children per family: $77,009
Median income after tax: $99,371
Average household income: 15.1%
Living on a low income: $1,673/mo
Renters pay, per month: $1,178/mo
Owners pay, per month: $889,632
Median home value at census: 31%
Renters spending 30%+ of income on housing: 32.7%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 31 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 Moderate sales history

What condos in Steeles actually rent for

At least 41 condos were leased in Steeles over the 12 months to September 2026. Half leased above $2,711 and half below, 3.4% lower than the 12 months before. A typical condo found its tenant in 26 days — 12 days slower than a year ago.

6 of the last 12 months had at least 5 closed condos sales in Steeles. 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: $2,711; -3.4% year over year
Days to lease: 26; 12 days slower
Leases closed: 41; last 12 months
Rent per square foot: $2.44/mo; from 41 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.

$3,160$2,870$2,580$2,290

Apr ’24May ’25May ’26Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,982/mo

on a $3,000 asking rent — under ask by $18

−10%Asking rent+10%

Of the asking rent: 99.4%
Leased over asking: 4.9%

From 41 leases that closed here in the last 12 months.

Rent or buy in Steeles

16.1 years

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

Median sold price

$522,142

38 sales

Median rent

$2,711/mo

41 leases

Gross rental yield

6.23%

before costs

Both figures come from deals that actually closed in Steeles 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.

Apr 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Steeles, rentals

Monthly closed leases in Steeles
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	5	$2,550	$2,400 – $2,600	19	100.0%
Aug 2026	6	$2,925	$2,525 – $2,988	41	97.8%
Jul 2026	8	$2,550	$2,375 – $2,713	19	100.0%
Jun 2026	7	$2,700	$2,488 – $2,840	25	100.0%
May 2026	8	$2,700	$2,625 – $2,738	29	100.0%
Feb 2026	7	$2,850	$2,750 – $2,850	23	98.3%
Sep 2025	7	$2,980	$2,625 – $3,100	10	100.0%
Jun 2025	5	$3,000	$2,700 – $3,100	12	100.0%
May 2025	7	$2,750	$2,525 – $2,800	19	98.7%
Jan 2025	5	$2,450	$2,400 – $3,000	13	100.0%
Jul 2024	8	$2,525	$2,379 – $2,698	36	100.0%
Jun 2024	5	$2,880	$2,800 – $3,000	47	100.0%
Apr 2024	5	$2,400	$2,350 – $2,500	53	100.0%

What people ask about Steeles

How much does a condo cost in Steeles?

Condos in Steeles sold for a median of $522,142 over the 12 months to September 2026, across at least 38 closed sales — half sold for more and half for less. That is 7.8% lower than the 12 months before it.

How long does it take to sell a condo in Steeles?

A condo in Steeles took a median of 29 days on the market over the 12 months to September 2026. Condos there closed at 95.7% of the asking price on average, with 15.8% selling over asking.

How much is rent for a condo in Steeles?

The median condo lease in Steeles closed at $2,711 a month over the 12 months to September 2026, across at least 41 leases.

Is it cheaper to rent or buy a condo in Steeles?

A condo in Steeles costs about 16.1 years of the rent on one — the median price of $522,142 against a median rent of $2,711 a month, a gross yield of 6.23%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Steeles 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.