Condos for Rent in Niagara, Toronto, ON

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

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Neighbourhood in Toronto

Niagara

lively community-focused urban diverse

Niagara is a vibrant neighbourhood in Toronto with a diverse community. It offers a mix of residential and condo living, making it suitable for various lifestyles.

High walkability score of 95 Strong community with 33,670 residents Good schools with an average rating of 6.6 Proximity to parks and recreational spaces

Niagara, Toronto — HOMEH neighbourhood guide

Toronto, Ontario

Day to dayLivability

Walkability

out of 100 · averaged over 97 past and present listings

Average walk score reported on listings here

6.6

Schools near listings

out of 10 · averaged over 8,475 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

$627,450

9% below Toronto 12% below Ontario

In Niagara

$627,450

In Toronto

$689,950

In Ontario

$717,000

Median monthly rent

$2,800/mo

On par with Toronto 12% above Ontario

In Niagara

$2,800

In Toronto

$2,800

In Ontario

$2,500

$953

Per square foot

≈ 18.7 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

212

Median $627,450

Condos 196 · Houses 16

For rent

164

Median $2,800

Condos 156 · Houses 8

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

Excellent public transit options
Close to many amenities
Diverse housing options available
Active community with various activities

Keep in mind

Higher rental prices compared to some areas
Population density is quite high

The feel of the placeLifestyle

Life in Niagara is lively and convenient, with many shops and parks nearby. Residents enjoy a mix of urban living and community engagement.

Great for young professionals first-time buyers renters

Within the boundaryWhat's nearby

The boundary

3.1 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

Restaurants

Cafés

Gyms

Pharmacies

Counted across all 3.1 km² of Niagara. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

6.6/10

Average rating of the 2 rated schools in this area

Elementary

Secondary

Niagara Street Junior Public School
Public · Grades JK–6 · Toronto DSB
7.4/107.3 over 5 yrs
626th of 3,045 Ontario elementary schools
305 students · EQAO 2024-2025
St Mary Catholic School
Catholic · Grades JK–8 · Toronto CDSB
5.7/105.2 over 5 yrs
1,807th of 3,045 Ontario elementary schools
155 students · EQAO 2024-2025
Centre for Addictions and Mental Health (CAMH)
Public · Grades 9–12 · Toronto DSB
Not rated
Discovering Minds Montessori Preschool I
Independent
Not rated

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

33,670

Population (2021)

3.1 km²

Area

10,816

People per km²

34.6

Median age

$97,060

Median income

50%

Own their home

1.6

People per household

20,105

Households

Every age

Children (under 15)6.9%
Working age (15–64)87.2%
Seniors (65+)5.9%

What is built here

Semi-detached0.6%
Townhouses4.1%
Duplexes1.4%
Low-rise apartments8.4%
High-rise apartments85%

Own or rent

50%Owners

50%Renters

Across 20,105 households

When it was built

Mostly 2011–2015

1960 or earlier7%
1961–19805%
1981–19908%
1991–20009%
2001–200511%
2006–201019%
2011–201528%
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.

34.1%
Born outside Canada: 65.1%
Hold a degree or higher: 77.6%
Employment rate: 23.9%
Commute by transit: 47.8%
Commute by car: 1.4
Children per family: $80,471
Median income after tax: $122,249
Average household income: 10.6%
Living on a low income: $1,983/mo
Renters pay, per month: $2,197/mo
Owners pay, per month: $747,893
Median home value at census: 41%
Renters spending 30%+ of income on housing: 31.8%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 20 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 Condo apartments only Through September 2026 Deep sales history

What condos in Niagara actually rent for

1,946 condos were leased in Niagara over the 12 months to September 2026. Half leased above $2,590 and half below, 0.1% lower than the 12 months before. A typical condo found its tenant in 15 days — 2 days quicker than a year ago.

Median rent: $2,590; -0.1% year over year
Days to lease: 15; 2 days quicker
Leases closed: 1,946; last 12 months
Rent per square foot: $3.99/mo; from 1,661 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.

$3,492$3,047$2,603$2,158

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: 16.3%

From 1,946 leases that closed here in the last 12 months.

Rent or buy in Niagara

19.2 years

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

Median sold price

$596,257

498 sales

Median rent

$2,590/mo

1,946 leases

Gross rental yield

5.21%

before costs

Both figures come from deals that actually closed in Niagara 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 — Niagara, rentals

Monthly closed leases in Niagara
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	207	$2,650	$2,350 – $3,200	11	100.0%
Aug 2026	178	$2,625	$2,313 – $3,200	13	100.0%
Jul 2026	166	$2,600	$2,331 – $2,950	14	100.0%
Jun 2026	149	$2,650	$2,350 – $3,000	15	100.0%
May 2026	163	$2,600	$2,300 – $3,075	15	100.0%
Apr 2026	163	$2,500	$2,250 – $2,900	15	100.0%
Mar 2026	205	$2,550	$2,350 – $2,900	17	100.0%
Feb 2026	153	$2,550	$2,350 – $3,100	14	100.0%
Jan 2026	137	$2,600	$2,300 – $2,950	24	100.0%
Dec 2025	111	$2,600	$2,263 – $3,038	20	100.0%
Nov 2025	136	$2,550	$2,300 – $2,950	14	100.0%
Oct 2025	178	$2,600	$2,350 – $3,000	14	100.0%
Sep 2025	199	$2,600	$2,350 – $3,050	17	100.0%
Aug 2025	184	$2,600	$2,338 – $3,000	20	100.0%
Jul 2025	180	$2,678	$2,350 – $3,200	14	100.0%
Jun 2025	158	$2,600	$2,300 – $3,000	17	100.0%
May 2025	201	$2,500	$2,250 – $2,850	14	100.0%
Apr 2025	207	$2,550	$2,300 – $2,950	17	100.0%
Mar 2025	187	$2,600	$2,300 – $3,100	15	100.0%
Feb 2025	160	$2,600	$2,373 – $3,100	17	100.0%
Jan 2025	157	$2,550	$2,250 – $2,900	20	100.0%
Dec 2024	126	$2,600	$2,313 – $3,138	23	100.0%
Nov 2024	129	$2,600	$2,450 – $3,000	21	100.0%
Oct 2024	166	$2,650	$2,435 – $3,000	16	100.0%
Sep 2024	192	$2,750	$2,500 – $3,400	19	100.0%
Aug 2024	237	$2,700	$2,400 – $3,200	25	100.0%
Jul 2024	205	$2,700	$2,450 – $3,100	23	100.0%
Jun 2024	159	$2,650	$2,400 – $3,270	40	100.0%
May 2024	150	$2,700	$2,450 – $3,188	41	100.0%
Apr 2024	150	$2,650	$2,450 – $3,000	35	100.0%
Mar 2024	119	$2,692	$2,400 – $3,000	30	100.0%
Feb 2024	91	$2,700	$2,350 – $3,113	25	100.0%
Jan 2024	139	$2,613	$2,250 – $3,150	22	100.0%
Dec 2023	112	$2,625	$2,250 – $2,993	14	100.0%
Nov 2023	148	$2,650	$2,359 – $3,000	12	100.0%
Oct 2023	140	$2,650	$2,413 – $3,038	10	100.0%

What people ask about Niagara

How much does a condo cost in Niagara?

Condos in Niagara sold for a median of $596,257 over the 12 months to September 2026, across 498 closed sales — half sold for more and half for less. That is 6.9% lower than the 12 months before it.

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

A condo in Niagara took a median of 31 days on the market over the 12 months to September 2026. Condos there closed at 97.1% of the asking price on average, with 12.4% selling over asking.

How much is rent for a condo in Niagara?

The median condo lease in Niagara closed at $2,590 a month over the 12 months to September 2026, across 1,946 leases.

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

A condo in Niagara costs about 19.2 years of the rent on one — the median price of $596,257 against a median rent of $2,590 a month, a gross yield of 5.21%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Niagara 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.