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Summitly Rentals

Ontario rentals · tenants and landlords · one brokerage

Find an Ontario rental, or fill one. We handle the lease.

Summitly shows MLS® rentals and Summitly Exclusives from landlords who list with us. Renters verify once ($49 + HST, good for 12 months). Landlords list free. Coldwell Banker Summit Realty sets up viewings, the Ontario Standard Lease and the deposit.

Updated

Looking for a rental?

MLS® rentals and Exclusives on one search.

Bedrooms

Have a place to rent?

For landlords and owners in Ontario.

List free. Pay only ½ month + HST when a lease is signed.

Fee if a lease signs

$1,300 + $169 HST

$0 if it doesn’t. Deducted from the first month’s rent held in trust, with a statement. The last month’s deposit stays reserved for the tenant’s final month.

  • Usually live within a day, after our team reviews it
  • Only Summitly Verified tenants can reach you
  • Free Verified Landlord badge: Ownership documents checked.
List your rental freeHow listing works
  • RECO-registered brokerage
  • Deposits held in the brokerage trust account
  • Ontario Standard Lease (Form 2229E)
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Rentals in Toronto

New today, condos and what just leased on the MLS®.

See all rentals in Toronto

Listed in the last 48 hours on the MLS®.

All rentals in Toronto →

For tenants

How renting works with Summitly

Four steps. You never chase a landlord, and you never send a deposit to a stranger.

  1. Get verified

    Identity and income, checked automatically once. $49 + HST, good for 12 months once you pass.

  2. Express interest in Exclusives

    The landlord sees your verified profile without your name or number, then accepts or declines.

  3. We coordinate the viewing

    Pick a day and morning, afternoon or evening. Our team sets it up and confirms by text.

  4. Sign the Ontario Standard Lease online

    Click to sign in your dashboard. First and last month go into the brokerage trust account.

  5. Renting an MLS® listing instead? No verification needed. Press Book a viewing on any MLS® rental and a licensed agent takes it from there.

Summitly Verified

$49 + HST · $55.37 total · valid 12 months

One check. Every Summitly Exclusive, for 12 months.

  • Identity

    Your government photo ID, checked automatically.

  • Decided automatically

    Pass every check and the badge is issued. If a check doesn’t pass, you’re refunded.

  • Proof of income

    Your income, verified automatically. Every source of income counts the same.

Landlords see that your ID and income were reviewed, how many people will live there, pets, smoking and your move-in date. They don’t see your documents, income, name or phone number until you both agree.

Get Summitly Verified · $49 + HSTWhat we check

Every check runs automatically before the badge is issued.

For landlords

How listing works

Listing is free. You pay only when a tenant signs, and the fee comes out of the deposit we hold in trust.

List your rental free

  1. List it free, in about 15 minutes

    Address, rent, up to 25 photos and the date it’s free. Save a draft any time.

  2. We check you and the unit

    Our team reviews the listing and it goes live within a day. Your free Verified Landlord badge: Ownership documents checked.

  3. Verified tenants express interest

    Only Summitly Verified renters can reach you. You see anonymized profiles and accept or decline.

  4. We run the viewing and the lease

    A licensed agent coordinates the viewing and prepares the Ontario Standard Lease. Both sides click to sign in the dashboard.

  5. Lease signed, you’re paid

    First and last month go into our trust account. We deduct ½ month + HST and release the rest to you.

What you’d get at signing

$

Type an amount or drag. $800 to $8,000.

First month’s rent
$2,600.00
Last month’s rent deposit
$2,600.00
Held in trust
$5,200.00
Fee (½ month)
− $1,300.00
HST on the fee (13%)
− $169.00
What you receive
$3,731.00

No lease, no fee. The last month’s deposit stays the tenant’s money until it’s used for the final month. Rent after month one is paid to you directly.

Want more eyes on it? Optional boosts:Refresh $29 · 7 days at the topFeatured $59/monthBundle $69/monthPricing and boosts →

Why both sides win

A licensed brokerage in the middle.

Tenants and landlords don’t meet on Summitly until both sides are checked. Coldwell Banker Summit Realty agents screen renters, set up viewings, prepare the Ontario Standard Lease and hold the deposit in trust.

  • RECO-registered Ontario brokerage
  • Deposits held in the trust account
  • Ontario Standard Lease prepared for you
  • Only verified tenants reach Exclusives
  • No direct contact, so fewer rental scams
  • Every lease tracked to signing

Rent checker

Is this rent fair in Toronto?

Type a monthly rent to see how it compares with what places like it rent for.

Bedrooms

About 10% below the typical 2 bedroom rent in Toronto ($2,900).

Median of leases signed on the MLS® in the last 12 months.

Average rent in Toronto by bedroom

Median rent by bedroom count in Toronto
BedroomsMedian rent, last 12 monthsAsking now
Studio$1,850$2,235
1 bedroom$2,300$2,250
2 bedrooms$2,900$2,800
3 bedrooms$3,500$3,350
4+ bedrooms$4,625$4,500
Average rent in TorontoPricing a place you own? Start here

Renting in Ontario: FAQ

Still unsure? Ask Zara or call (905) 553-8500.

How much does it cost?

Browsing is free. Summitly Verified costs $49 + HST for tenants and lasts 12 months, for every Exclusive rental. Landlords list free and pay ½ month’s rent + HST only when a lease is signed.

What’s the difference between MLS® rentals and Summitly Exclusives?

MLS® rentals are listed by REALTORS® across Ontario; you book a viewing and a licensed agent takes it from there. Summitly Exclusives are listed directly by landlords on Summitly. Only Summitly Verified tenants can express interest, and the brokerage handles the viewing, the lease and the deposit.

Can tenants contact landlords directly?

Not on Exclusives. Tenants express interest through Summitly, landlords see an anonymized verified profile, and when both agree a Coldwell Banker Summit Realty agent coordinates the viewing.

Is Summitly Coldwell Banker Summit Realty?

Yes. Summitly is operated by Coldwell Banker Summit Realty, a RECO-registered Ontario brokerage. Every Summitly Exclusive rental is handled by a licensed agent.

Do I need to be verified to rent an MLS® listing?

No. Press Book a viewing on any MLS® rental and a licensed agent takes it from there. Verification is only needed to express interest in Summitly Exclusives.

How much deposit can a landlord ask for in Ontario?

A rent deposit of up to one month’s rent, used for the last month, plus a refundable key deposit no higher than the cost of replacing the keys. Damage, pet and cleaning deposits are not allowed under the Residential Tenancies Act.

When does a landlord pay Summitly?

Only when a lease is signed. The fee is ½ month’s rent + HST, deducted from the first month’s rent held in the brokerage trust account. If no lease is signed, the landlord pays nothing.

How fast does my listing go live?

Usually within a day. Our team reviews each listing before it goes live.

Browse rentals by Ontario city

Median rent from leases signed on the MLS® in the last 12 months.

More cities: Hamilton · Richmond Hill · Barrie · Oshawa · Kitchener · London · Milton · Pickering · Newmarket · Whitby

Zara · AI virtual agent · 24/7

Tenant or landlord? Zara has answers.

Ontario rental rules, the Landlord and Tenant Board, the yearly rent increase guideline and how verification works, in plain English. A licensed agent takes over when you’re ready.

Call (905) 553-8500

Our team answers the main line. Zara’s direct line is coming soon.

Updated October 7, 2026 · Coldwell Banker Summit Realty, Brokerage

Reviewed by Waqar Afzal, Broker of Record ·

Brokerage services, representation, fees and disclosures. Mortgage, tax and legal information links to official sources and requires advice from the appropriate professional.

Browse rentals

Browsing MLS® rentals is free. The last month’s rent deposit may only be used for the final month; landlords owe annual interest at the rent increase guideline rate.

Learn more