Real Estate for Rent in Bay Street Corridor, Toronto, ON

Name: HOMEH Market Pulse — Bay Street Corridor, Toronto closed sales and leases
Creator: HOMEH
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Neighbourhood in Toronto

Bay Street Corridor

urban diverse active

Bay Street Corridor is a vibrant neighbourhood in Toronto known for its high-rise living and urban lifestyle. It offers a mix of amenities and services for residents.

High walkability score of 99 Multiple parks and playgrounds available Strong school ratings with an average of 7.2

Bay Street Corridor, Toronto — HOMEH neighbourhood guide

Toronto, Ontario

Day to dayLivability

Walkability

out of 100 · averaged over 262 past and present listings

Average walk score reported on listings here

Schools near listings

out of 10 · averaged over 12,069 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

$663,944

4% below Toronto 7% below Ontario

In Bay Street Corridor

$663,944

In Toronto

$689,950

In Ontario

$717,000

Median monthly rent

$2,850/mo

2% above Toronto 14% above Ontario

In Bay Street Corridor

$2,850

In Toronto

$2,800

In Ontario

$2,500

≈ 19.4 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

174

Median $663,944

Condos 173 · Houses 1

For rent

227

Median $2,850

Condos 225 · Houses 2

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

Great access to public transportation
Many grocery stores and pharmacies nearby
Young, diverse population with a median age of 32
High percentage of residents with post-secondary education

Keep in mind

Higher rental prices compared to city median
Limited options for single-family homes

The feel of the placeLifestyle

Life in Bay Street Corridor is fast-paced, with plenty of activities and services within walking distance. Residents enjoy a mix of work and leisure in a bustling urban environment.

Great for young professionals renters first-time buyers

Within the boundaryWhat's nearby

The boundary

1.8 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

Grocery stores

180

Restaurants

131

Cafés

Gyms

Libraries

Pharmacies

Counted across all 1.8 km² of Bay Street Corridor. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.2/10

Average rating of the 1 rated school in this area

Elementary

Secondary

St Joseph's College School
Catholic · Grades 9–12 · Toronto CDSB
7.2/107.6 over 5 yrs
178th of 742 Ontario secondary schools
545 students · EQAO 2024-2025
Hospital for Sick Children - Eating
Public · Grades 9–12 · Toronto DSB
Not rated
Hospital for Sick Children - Medical EL
Public · Grades JK–8 · Toronto DSB
Not rated
Hospital for Sick Children-Substance Abu
Public · Grades 9–12 · Toronto DSB
Not rated
HSC Medical - SEC
Public · Grades 9–12 · Toronto DSB
Not rated
HSC Seizure Disorder
Public · Grades K–8 · Toronto DSB
Not rated

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

30,479

Population (2021)

1.8 km²

Area

16,677

People per km²

Median age

$64,561

Median income

31%

Own their home

1.6

People per household

18,040

Households

Every age

Children (under 15)5.8%
Working age (15–64)84.2%
Seniors (65+)10.0%

What is built here

Low-rise apartments1.1%
High-rise apartments98.6%

Own or rent

31%Owners

69%Renters

Across 18,040 households

When it was built

Mostly 2016–2021

1960 or earlier3%
1961–198010%
1981–199014%
1991–200011%
2001–20056%
2006–201013%
2011–201519%
2016–202124%

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.

43.1%
Born outside Canada: 69.4%
Hold a degree or higher: 59.2%
Employment rate: 22.5%
Commute by transit: 22.3%
Commute by car: 1.4
Children per family: $56,864
Median income after tax: $97,834
Average household income: 27%
Living on a low income: $2,032/mo
Renters pay, per month: $1,910/mo
Owners pay, per month: $836,655
Median home value at census: 58.8%
Renters spending 30%+ of income on housing: 47.7%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 22 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, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in Bay Street Corridor actually rent for

3,536 homes were leased in Bay Street Corridor over the 12 months to September 2026. Half leased above $2,606 and half below, 0.5% higher than the 12 months before. A typical home found its tenant in 16 days — 3 days quicker than a year ago.

Median rent: $2,606; +0.5% year over year
Days to lease: 16; 3 days quicker
Leases closed: 3,536; last 12 months
Rent per square foot: $4.16/mo; from 2,834 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 home here differs from the next.

$10,354$7,435$4,515$1,596

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 12.6%

From 3,536 leases that closed here in the last 12 months.

Rent or buy in Bay Street Corridor

19.3 years

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

Median sold price

$604,200

451 sales

Median rent

$2,606/mo

3,536 leases

Gross rental yield

5.18%

before costs

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

What actually rents in Bay Street Corridor

A single median hides this: the mix of homes behind it, and what each kind costs.

3,536leases

Condo apartment$2,59295.4%
Other kinds of home$2,7844.0%
Other kinds, too few of each —0.6%

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 Street Corridor, rentals

Monthly closed leases in Bay Street Corridor
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	200	$2,625	$2,350 – $3,350	12	100.0%
Aug 2026	476	$2,700	$2,450 – $3,300	10	100.0%
Jul 2026	668	$2,750	$2,400 – $3,500	11	100.0%
Jun 2026	504	$2,552	$2,300 – $3,600	16	100.0%
May 2026	366	$2,570	$2,300 – $7,550	15	100.0%
Apr 2026	333	$2,552	$2,250 – $3,400	16	100.0%
Mar 2026	288	$2,463	$2,200 – $3,013	20	100.0%
Feb 2026	126	$2,400	$2,250 – $3,000	26	100.0%
Jan 2026	135	$2,600	$2,250 – $3,100	24	100.0%
Dec 2025	140	$2,600	$2,300 – $3,150	26	100.0%
Nov 2025	148	$2,450	$2,200 – $2,863	22	100.0%
Oct 2025	152	$2,650	$2,338 – $3,325	18	100.0%
Sep 2025	218	$2,650	$2,350 – $3,300	15	100.0%
Aug 2025	537	$2,680	$2,400 – $3,400	12	100.0%
Jul 2025	868	$2,650	$2,350 – $3,500	13	100.0%
Jun 2025	595	$2,580	$2,250 – $3,250	16	100.0%
May 2025	482	$2,478	$2,200 – $3,050	16	100.0%
Apr 2025	440	$2,500	$2,200 – $3,100	16	100.0%
Mar 2025	293	$2,652	$2,300 – $3,350	25	100.0%
Feb 2025	198	$2,475	$2,250 – $3,000	27	100.0%
Jan 2025	163	$2,600	$2,300 – $3,140	35	100.0%
Dec 2024	157	$2,550	$2,300 – $3,100	28	100.0%
Nov 2024	167	$2,650	$2,350 – $3,375	30	100.0%
Oct 2024	186	$2,550	$2,350 – $3,050	27	100.0%
Sep 2024	286	$2,700	$2,431 – $3,300	28	100.0%
Aug 2024	839	$2,800	$2,500 – $3,600	29	100.0%
Jul 2024	621	$2,800	$2,500 – $3,500	23	100.0%
Jun 2024	355	$2,699	$2,400 – $3,394	41	100.0%
May 2024	241	$2,700	$2,380 – $3,350	44	100.0%
Apr 2024	194	$2,797	$2,400 – $9,750	46	100.0%
Mar 2024	140	$2,794	$2,400 – $3,525	45	100.0%
Feb 2024	131	$2,829	$2,500 – $3,650	39	100.0%
Jan 2024	190	$2,738	$2,450 – $3,420	30	100.0%
Dec 2023	225	$2,750	$2,500 – $3,463	24	100.0%
Nov 2023	242	$2,700	$2,495 – $3,300	15	100.0%
Oct 2023	204	$2,825	$2,663 – $3,581	18	100.0%

What people ask about Bay Street Corridor

How much does a home cost in Bay Street Corridor?

Homes in Bay Street Corridor sold for a median of $604,200 over the 12 months to September 2026, across 451 closed sales — half sold for more and half for less. That is 9.2% lower than the 12 months before it.

How long does it take to sell a home in Bay Street Corridor?

A home in Bay Street Corridor took a median of 32 days on the market over the 12 months to September 2026. Homes there closed at 96.4% of the asking price on average, with 14.2% selling over asking.

How much is rent in Bay Street Corridor?

The median lease in Bay Street Corridor closed at $2,606 a month over the 12 months to September 2026, across 3,536 leases.

Is it cheaper to rent or buy in Bay Street Corridor?

A home in Bay Street Corridor costs about 19.3 years of the rent on one — the median price of $604,200 against a median rent of $2,606 a month, a gross yield of 5.18%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Bay Street Corridor 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 home. Not an appraisal or an opinion of value.

Condos in Bay Street Corridor

A condo here is its own market

Half the condo apartments that changed hands in Bay Street Corridor over the 12 months to September 2026 sold above $602,600. Condos were 97% of everything that closed here, so there is no freehold market in Bay Street Corridor to read that number against.

Median condo sold price: $603K; 438 closed sales
Median condo rent: $2,592/mo; 3,375 leases
Days to sell: 32; median, condo apartments
Share of all sales: 97%; of everything that closed here