For owners of a Toronto condo sitting vacant — or about to be

I'll lease your Toronto condo in 21 days.
Or my fee drops 21%.
Automatically. In writing.

If a letter brought you here, this is the long version. The promise is contractual: a qualified tenant signed by day 21, or my fee drops 21% — from one month's rent to 79% of one month. Below: why I put my own paycheck on the line, what the 21-day operating system looks like day-by-day, and the data from 9 recent leases.

Sasha Bastani, Broker·Property.ca Inc. Brokerage·Toronto · May 2026

You don't need me to tell you what it costs to have a Toronto condo sit empty.

You watch the calendar. You watch the mortgage post. Your unit goes up on whatever listing platform your last broker uses, and then you wait.

Two weeks goes by. Three. Maybe a few showings. Maybe one or two applications that don't pass screening. Your broker tells you the market's a bit slow this month, or that you might consider a price drop after week four. Nobody's lying. Nothing's moving.

You did the math at the start. On a $2,900-a-month unit — the average leased rent across my last 9 deals — vacancy costs about $95 a day. Each extra week is roughly $669 of the year that simply evaporates — and you won't recover it later. Vacancy isn't a delayed payment. It's lost income.

Here's what nobody in this business will tell you out loud.

Most Toronto leasing brokers can't promise you a date — because the way they're paid makes it impossible to.

A broker gets paid when you sign. That sounds aligned, but it isn't. It means the marginal cost of a slow lease is yours, not theirs. Their time spent on your unit competes with three or four other listings — the one that closes first wins their attention.

Activity is what they sell. Outcomes — by a specific date — are not on offer.

I built FastLease to invert that. Specifically: if I don't lease your unit by day 21, I forfeit 21% of my fee. Automatically. Written into the listing agreement before you sign it.

If you've heard enough

Get a 21-day tenant-placement plan and lease-by date for your unit.

What the 21-day operating system actually looks like.

Day by day, not "we'll do our best."

Day 1
You sign the listing agreement. The 21-day clock starts. Your unit's address goes into the staging queue.
Day 2
Photography. Real photographer, real wide-angle, real evening twilight shot — not your last tenant's iPhone photo. Two-hour session, edited photos in your inbox by end of day.
Day 3
Listing live on MLS, Property.ca, and Condos.ca. Any additional distribution depends on the listing and current syndication. Day three is when the meter starts in your favor.
Day 3–7
First showings. Photography drives inquiries; inquiries become showings inside 72 hours. We're targeting at least five qualified viewings inside the first week. If we're below that by day 7, that's a pricing signal — we discuss before week two begins.
Day 7–14
Applications. This is the part most brokers do badly. My screening rubric has five layers, in this order:
  1. Credit score — we pull, not the applicant. Applicants self-report inflated.
  2. Income-to-rent ratio — verified by bank-deposit statements, not pay-stub photos.
  3. Employment tenure verification — HR phone call, not "here's my offer letter."
  4. Two prior-landlord references — phone calls, not emails. Emails get forged.
  5. Document authentication — passport / driver's licence cross-checked against the application name.

Applicants who clear only four of five are not accepted. Every application is presented to you with the screening summary before you decide.

Day 14–21
Signing. 5 of the 9 leases in the public log below signed between day 11 and day 18. We use the Ontario Standard Lease (Form 2229E, mandatory since April 30, 2018), with the schedule add-on that protects your specific unit. Deposit collected, move-in inspection booked, keys handed over.
Day 22+
If we're not signed by end of day 21 — which has happened — the fee on the final invoice automatically drops to 79% of one month. No conversation required. No invoicing dispute. The clause lives in your listing agreement.

The offer, in numbers.

Standard fee — signed by day 21
1 month rent + HST
Payable on signed lease. No upfront. No deposit.
Discounted fee — signed day 22 or later
79% of one month + HST
Automatic. Already in the listing agreement before you sign.
On a $2,800/month unit
$2,800 if signed by day 21 · $2,212 if signed on day 22+
Plus HST in both cases. $588 you keep if we miss.
No photography fees. No listing fees. No marketing surcharge. No walk-away charge. The 21-day guarantee is suspended only in three cases: you list more than 5% above the comparable price range I'll send you, an active building or legal dispute blocks the unit, or there's material misrepresentation about it. All disclosed in writing before you sign — see the full guarantee terms.

The entire public log — 9 recent leases.

No cherry-picking — every row is a closed FastLease deal in 2026. Average days to lease across all 9: 16. Average percent of asking: 99.8%. Fastest closed in 9 days (The Annex, 1BR). Longest closed in 21 days (Yonge & Eg, 2BR).

NeighborhoodUnitListedSignedDaysClosed
King West1BR$2,650$2,675 (+$25)14Apr 2026
Liberty Village2BR+den$3,450$3,400 (−$50)19Apr 2026
CityPlaceJr 1BR$2,200$2,200 (ask)11Mar 2026
St. Lawrence1BR+den$2,850$2,900 (+$50)17Mar 2026
Yonge & Eg2BR$3,250$3,200 (−$50)21Mar 2026
The Annex1BR$2,400$2,400 (ask)9Feb 2026
Distillery1BR$2,700$2,675 (−$25)13Feb 2026
Fort York2BR$3,100$3,150 (+$50)16Feb 2026
Leslieville2BR+den$3,550$3,500 (−$50)20Jan 2026

Want the week-by-week narrative on any of these? The case studies page has the operating notes — applications counted, showings booked, pricing conversations, the actual signing day.

Who I am — so you know who you're hiring.

My name is Sasha Bastani. I'm a licensed broker, registered with the Real Estate Council of Ontario. I operate through Property.ca Inc. Brokerage — the firm that owns property.ca and condos.ca, two of the Toronto-focused real-estate platforms operated by the brokerage.

I built FastLease because the leasing process I worked inside as a broker was good at activity and bad at outcomes. The 21-day guarantee, the published screening standards, and the placement on property.ca and condos.ca are the three things I wished every owner got by default.

Three honest disqualifiers — if any apply, don't engage.

01
You're firm on a listing price more than 5% above the comparable range I'll send you. The guarantee suspends — you'd be paying for a service whose mechanics I've intentionally turned off.
02
You can't allow showings within 72 hours of going live. The first week is when a listing gets the most attention it will ever get. Delaying showings to week two spends the 21-day window before the clock can work for you.
03
You're looking for property management — rent collection, maintenance, end-of-tenancy turnover. That's a different product. I lease. I can refer you to a good Toronto PM after the lease signs, but don't engage me if PM is what you actually need.
If none of those apply

Run the 21-day tenant-placement plan against your unit, with real comparables.

Two ways to take the next step:

  • Run the form at fastlease.ca — 60 seconds, gives you a real estimate and lease-by date for your specific unit.
  • Or text me directly: 647-835-6368. I reply within an hour during business hours.
— Sasha
Sasha Bastani, Broker · Property.ca Inc. Brokerage
P.S.

Toronto core condos averaged roughly 24 days on market last quarter (TRREB). My average across the 9 leases above is 16. The difference isn't me — it's the operating system. If you want to see the case studies in detail (week by week, including the application math), they're at fastlease.ca/case-studies. The shortest closed in 9 days. The 21-day promise has room.