What is the rental vacancy rate in Toronto right now?
The vacancy rate is the share of rental units sitting empty in Toronto. A low number means rentals are scarce — which pushes rents up and can push renters toward buying.
The percentage of rental units in Toronto that are currently empty. A low vacancy rate means rentals are scarce, which puts upward pressure on rents and can push renters toward buying.
As of July 2026, Toronto's strongest market signal is Hold at 67% — Buy 48%, Hold 67%, Sell 47%.
Market conditions currently favour holding — inventory is balanced and supply and demand are in balance.
What this means for you
A tight rental market (low vacancy) often nudges renters into buying, adding demand. A looser market eases that pressure.
Low vacancy supports rental demand and can make income properties more attractive to buyers.
Toronto market context
Canada's largest housing market — big, liquid, and quick to react to interest-rate moves.