Should You Sell Your Liberty Village Condo or Rent It Out in 2026?

Liberty Villiage Rachel Currey August 1, 2026

If you own a Liberty Village condo and you're moving on, the honest answer is that 2026 has shifted the math toward selling for most owners, but not all of them. Rents here have softened while the resale market is finally tightening, which is the opposite of the setup that made everyone an accidental landlord a few years ago. The right call comes down to your carrying costs, your timeline, and whether you actually want the job of being a landlord. Let's run through it.

Not sure what your unit would fetch in today's market? Request a free valuation and we'll give you a straight answer.

The rent math has changed

The days of setting a record rent every time a unit turned over are behind us for now. We covered where Liberty Village rents actually sit in our recent rent check, and the short version is that tenants have more choice and more leverage than they've had in years. On top of that, once you have a tenant in place, most buildings in the neighbourhood fall under Ontario's rent increase guideline, which is 2.1 percent for 2026 and drops to 1.9 percent for 2027. Some newer buildings first occupied after November 2018 are exempt, but for the classic Liberty Village stock, your rent growth is capped while your costs are not.

What selling looks like right now

The resale side is moving the other direction. The Toronto Regional Real Estate Board reported GTA sales up 9.4 percent year over year in June while new listings fell 12.9 percent, and TRREB expects buyer competition to build through the second half of the year. Prices are still below last year, and CMHC's mid-year outlook expects a dip before recovery, so nobody is calling this a seller's boom. But a tightening market with falling supply is a much better environment to list into than what owners faced a year ago, and well presented one bedrooms in this neighbourhood are showing again.

The carrying cost reality check

Before sentiment, do arithmetic. Add your monthly mortgage payment at your current or upcoming renewal rate, maintenance fees, property tax, insurance, and a realistic allowance for repairs and the odd vacant month. Compare that to the rent your unit would honestly command today, not the rent your neighbour got in 2022. For a lot of Liberty Village owners who bought in the last several years, that line comes out negative every month. Negative cash flow can still be a rational bet on future appreciation, but it should be a decision you make on paper, not a surprise you discover in February.

Doing this math yourself? These three will help:

The case for renting it out anyway

There's still a real one. Liberty Village doesn't stop being a place people want to live, the Ontario Line is coming to the neighbourhood's doorstep, and very little new condo supply is starting construction right now, which is the kind of thing that firms up rents a few years out. If your mortgage is small or paid down, if you can carry the unit without stress, and if you'd rather ride out CMHC's projected dip than sell into it, holding can absolutely be the smarter long game. Just go in with eyes open: landlord obligations in Ontario keep growing, with another round of rule changes landing September 21, and being a landlord is a job, not a savings account.

The case for selling

Certainty, mostly. You convert equity into your next move while the market is tightening in your favour. You skip tenant turnover, capped increases on soft rents, paperwork that gets longer every year, and the risk that carries with all of it. And if your unit would rent at a monthly loss, selling isn't giving up, it's just declining to pay for someone else's housing while you wait. For owners who need the equity for their next purchase, this one usually decides itself.

How to actually decide

Write down three numbers: what your unit sells for today, what it honestly rents for today, and what it costs you to hold each month. Then add the only number that isn't on paper, which is how much you want to be a landlord on a scale of one to ten. We find the decision is usually made by the time those four are written down. If you want help with the first number, that's what we're here for.