News Release

Where GTA Homeowners Can Earn the Most in Rental Income

TORONTO, ONT. — April 28, 2026 — Renting out your basement can help homeowners offset the carrying costs associated with single-family homes by tens of thousands of dollars, according to a new report from digital real estate platform and brokerage Wahi.

The report highlights how homeowners in the Greater Toronto Area can unlock significant income ー between $1,700 and $2,400 per month, depending on location ー by renting out a portion of their home.

The analysis shows that basement suites can generate up to $28,800 annually in high-demand areas like Old Toronto.

“While Toronto condo buyers have been benefiting from significantly and continually lower prices as the market corrects, single-family prices have remained firmer,” says Wahi Economist Ryan McLaughlin. “Fortunately… there is the option of purchasing a property with a secondary suite.”

A previous Wahi survey shows that one-in-five Ontarians are looking for features like separate entrances. While Old Toronto, East York, York, Etobicoke and Oakville command top rents, more affordable markets such as Oshawa offer stronger rental yields due to comparatively lower up-front costs.

Ryan McLaughlin is available for interviews to discuss how secondary suites are helping buyers offset costs and maximize homeownership potential in one of Canada’s most competitive housing markets.

The full report, with a downloadable chart, is available here.

About Wahi

Wahi is a digital real estate platform that redefines the homebuying experience by putting more power into consumers’ hands by combining cutting-edge tech and market data with expert REALTORS®.

News Media Contacts:

Kristin Doucet

Wahi

Tel: 877-207-4273

Kristin.Doucet@wahi.com