Market Data as of August 31, 2026
AKRA — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
AKRA is an established 211-suite development at 109 Erskine Avenue. There are currently 13 active listings, representing a 6.2% availability rate. Over the last 90 days, 18 leases closed with an average of 25 days on market, while the last 30 days saw 13 leases close with an average of 31 days on market.
Active listings are asking an average of $2,876 per month ($4.64 per square foot), which is higher than the 90-day realized average of $2,592 per month ($3.96 per square foot). This pricing reflects a shift toward smaller average active units (621 square feet) compared to the realized average. This active rate of $4.64 per square foot sits above the North Midtown submarket asking benchmark of $4.27 per square foot.
Landlords are seeing a significant gap in velocity, with closed leases averaging 25 days on market compared to 51 days for delisted units. Unrented units asked an average of $3,090 per month, representing a 21.3% premium over realized leases. Renters should prioritize units priced closer to the $2,592 realized average to ensure a successful application.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at AKRA as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at AKRA recently?
Current inventory consists of 13 active listings with an average asking rent of $2,876 per month. The spread between the lowest asking rent of $2,000 and the highest of $5,800 indicates a wide variety of available unit types. The average time on market for active listings is 20 days.
What floor plans and unit layouts are currently available at AKRA?
The active inventory is dominated by 1-Bedroom + Den suites, which account for 6 units (46.2% of availability). Breaking down each specific tier, 1-Bedroom suites account for 4 units, 2-Bedroom suites account for 2 units, and 3-Bedroom+ suites account for 1 unit.
What is the average asking rent and $/SF by suite size at AKRA?
Asking rents range from $2,000 to $5,800 per month. The highest-priced suite in the breakdown is a 3-Bedroom+ unit asking $4,600 per month.
How much extra do parking spaces and dens cost at AKRA?
Units with a den command a premium of $209 per month over those without. This additional space typically adds 122 square feet to the layout, resulting in a marginal rate of $1.71 per square foot for the den area.
How do asking rents at AKRA compare to local and municipal benchmarks?
AKRA's active asking rate of $4.64 per square foot is 8.7% higher than the North Midtown submarket asking benchmark of $4.27 per square foot. This suggests a premium positioning for the building's new construction and amenity package.
Recent Leased Transactions & Contract Prices
Recent lease transactions, absorption velocity, and the difference between landlord asking prices and actual prices agreed to by tenants at AKRA (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at AKRA last month, and how fast did they rent?
The building has recorded 18 total leases, with a strong recent surge of 13 leases closing in the last 30 days. The average time on market for these leases is 25 days, indicating a healthy absorption rate for the development.
What is the negotiation spread between asking rents and closed lease prices at AKRA?
Tenants have negotiated an average discount of $33 per month (a 0.79% discount) below the asking price. This tenant-favorable leverage resulted in an average annual saving of $396 per lease.
What are typical executed lease prices across different layouts at AKRA?
The most frequent lease types were 1-Bedroom + Den suites (6 leases, $2,552 avg rent, 34 DOM) and 1-Bedroom suites (5 leases, $1,948 avg rent, 16 DOM). 1-Bedroom + Den: 6 leases, $2,552 average rent, $2,554 median rent, range of $2,554 to $2,555, 667 square feet, $3.87 per square foot, 34 DOM. 1-Bedroom: 5 leases, $1,948 average rent, $1,850 median rent, range of $1,850 to $2,000, 507 square feet, $3.90 per square foot, 16 DOM. 2-Bedroom: 3 leases, $3,020 average rent, $3,000 median rent, range of $2,980 to $3,050, 850 square feet, $3.55 per square foot, 18 DOM (small sample). 3-Bedroom+: 2 leases, $4,225 average rent, $4,225 median rent, range of $4,212 to $4,238, 1,025 square feet, $4.14 per square foot, 22 DOM (small sample). Studio: 2 leases, $2,049 average rent, $2,048 median rent, range of $1,974 to $2,123, 433 square feet, $4.79 per square foot, 32 DOM (small sample).
What measurable rent premium did suites with parking achieve in closed leases at AKRA?
Parking premium data for leased units is currently insufficient to establish a reliable market benchmark.
How does the lease-to-listing ratio at AKRA reflect current tenant demand?
Leasing activity has accelerated significantly, moving from 1 lease in June 2026 ($1,840 avg rent) to 4 in July 2026 ($2,926 avg rent), and peaking at 13 leases in August 2026 ($2,547 avg rent).
De-Listed & Terminated Rental Market Dynamics
Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at AKRA (Data period: For the month of August 2026).
De-Listed Market Analysis & Questions
How many listings de-listed at AKRA, and what was their re-listing price compared to previous asking?
One unit was delisted after 51 days on market. This represents a delisted-to-leased ratio of 7.7%, suggesting that the vast majority of listings are successfully converting to leases.
How do asking prices on de-listed suites compare to executed leases and active listings at AKRA?
Unrented units asked an average of $3,090 per month, which is $543 per month ABOVE realized lease averages ($2,547 per month). This indicates that delisted units were overpriced relative to realized leases.
What market friction causes rental listings to stall or de-list at AKRA?
The 51-day average for delisted units, compared to the 25-day average for closed leases, highlights a 20-day excess in time on market for overpriced units. This suggests that pricing above the realized benchmark creates significant vacancy carry.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 3 | 2627 | 595 | 4.61 | 7 |
| 2026-04-28 | 3 | 2627 | 595 | 4.61 | 8 |
| 2026-04-29 | 3 | 2627 | 595 | 4.61 | 9 |
| 2026-04-30 | 3 | 2627 | 595 | 4.61 | 10 |
| 2026-05-01 | 3 | 2627 | 595 | 4.61 | 11 |
| 2026-05-02 | 3 | 2627 | 595 | 4.61 | 12 |
| 2026-05-03 | 3 | 2627 | 595 | 4.61 | 13 |
| 2026-05-04 | 3 | 2627 | 595 | 4.61 | 14 |
| 2026-05-05 | 3 | 2627 | 595 | 4.61 | 15 |
| 2026-05-06 | 3 | 2627 | 595 | 4.61 | 16 |
| 2026-05-07 | 3 | 2627 | 595 | 4.61 | 17 |
| 2026-05-08 | 3 | 2627 | 595 | 4.61 | 18 |
| 2026-05-09 | 3 | 2627 | 595 | 4.61 | 19 |
| 2026-05-10 | 3 | 2627 | 595 | 4.61 | 20 |
| 2026-05-11 | 3 | 2627 | 595 | 4.61 | 21 |
| 2026-05-12 | 3 | 2627 | 595 | 4.61 | 22 |
| 2026-05-13 | 3 | 2627 | 595 | 4.61 | 23 |
| 2026-05-14 | 3 | 2627 | 595 | 4.61 | 24 |
| 2026-05-15 | 3 | 2627 | 595 | 4.61 | 25 |
| 2026-05-16 | 3 | 2627 | 595 | 4.61 | 26 |
| 2026-05-17 | 3 | 2627 | 595 | 4.61 | 27 |
| 2026-05-18 | 3 | 2627 | 595 | 4.61 | 28 |
| 2026-05-19 | 3 | 2627 | 595 | 4.61 | 29 |
| 2026-05-20 | 3 | 2627 | 595 | 4.61 | 30 |
| 2026-05-21 | 3 | 2627 | 595 | 4.61 | 31 |
| 2026-05-22 | 3 | 2627 | 595 | 4.61 | 32 |
| 2026-05-23 | 3 | 2627 | 595 | 4.61 | 33 |
| 2026-05-24 | 3 | 2627 | 595 | 4.61 | 34 |
| 2026-05-25 | 3 | 2627 | 595 | 4.61 | 35 |
| 2026-05-26 | 3 | 2627 | 595 | 4.61 | 36 |
| 2026-05-27 | 3 | 2627 | 595 | 4.61 | 37 |
| 2026-05-28 | 3 | 2627 | 595 | 4.61 | 38 |
| 2026-05-29 | 3 | 2627 | 595 | 4.61 | 39 |
| 2026-05-30 | 3 | 2627 | 595 | 4.61 | 40 |
| 2026-05-31 | 3 | 2627 | 595 | 4.61 | 41 |
| 2026-06-01 | 3 | 2627 | 595 | 4.61 | 42 |
| 2026-06-02 | 3 | 2627 | 595 | 4.61 | 43 |
| 2026-06-03 | 3 | 2627 | 595 | 4.61 | 44 |
| 2026-06-04 | 3 | 2627 | 595 | 4.61 | 45 |
| 2026-06-05 | 3 | 2627 | 595 | 4.61 | 46 |
| 2026-06-06 | 3 | 2627 | 595 | 4.61 | 47 |
| 2026-06-07 | 3 | 2627 | 595 | 4.61 | 48 |
| 2026-06-08 | 3 | 2627 | 595 | 4.61 | 49 |
| 2026-06-09 | 3 | 2627 | 595 | 4.61 | 50 |
| 2026-06-10 | 3 | 2627 | 595 | 4.61 | 51 |
| 2026-06-11 | 3 | 2627 | 595 | 4.61 | 52 |
| 2026-06-12 | 3 | 2627 | 595 | 4.61 | 53 |
| 2026-06-13 | 3 | 2627 | 595 | 4.61 | 54 |
| 2026-06-14 | 3 | 2627 | 595 | 4.61 | 55 |
| 2026-06-15 | 3 | 2627 | 595 | 4.61 | 56 |
| 2026-06-16 | 3 | 2627 | 600 | 4.53 | N/A |
| 2026-06-17 | 3 | 2627 | 600 | 4.53 | 1 |
| 2026-06-18 | 3 | 2627 | 600 | 4.53 | 2 |
| 2026-06-19 | 3 | 2627 | 600 | 4.53 | 3 |
| 2026-06-20 | 3 | 2627 | 600 | 4.53 | 4 |
| 2026-06-21 | 3 | 2627 | 600 | 4.53 | 5 |
| 2026-06-22 | 3 | 2627 | 600 | 4.53 | 6 |
| 2026-06-23 | 3 | 2627 | 600 | 4.53 | 7 |
| 2026-06-24 | 3 | 2627 | 600 | 4.53 | 8 |
| 2026-06-25 | 3 | 2627 | 600 | 4.53 | 9 |
| 2026-06-26 | 4 | 2430 | 550 | 4.55 | 8 |
| 2026-06-27 | 7 | 2541 | 621 | 4.22 | 5 |
| 2026-06-28 | 7 | 2541 | 621 | 4.22 | 6 |
| 2026-06-29 | 6 | 2658 | 658 | 4.16 | 8 |
| 2026-06-30 | 6 | 2658 | 658 | 4.16 | 9 |
| 2026-07-01 | 6 | 2658 | 658 | 4.16 | 10 |
| 2026-07-02 | 7 | 2950 | 700 | 4.27 | 9 |
| 2026-07-03 | 5 | 3019 | 680 | 4.48 | 9 |
| 2026-07-04 | 5 | 3019 | 680 | 4.48 | 10 |
| 2026-07-05 | 5 | 3019 | 680 | 4.48 | 11 |
| 2026-07-06 | 5 | 3019 | 680 | 4.48 | 12 |
| 2026-07-07 | 5 | 3019 | 680 | 4.48 | 13 |
| 2026-07-08 | 7 | 2699 | 627 | 4.30 | 10 |
| 2026-07-09 | 8 | 2672 | 618 | 4.33 | 10 |
| 2026-07-10 | 8 | 2672 | 618 | 4.33 | 11 |
| 2026-07-11 | 8 | 2672 | 618 | 4.33 | 12 |
| 2026-07-12 | 8 | 2672 | 618 | 4.33 | 13 |
| 2026-07-13 | 9 | 2653 | 610 | 4.35 | 12 |
| 2026-07-14 | 12 | 2628 | 637 | 4.16 | 10 |
| 2026-07-15 | 13 | 2595 | 638 | 4.10 | 10 |
| 2026-07-16 | 13 | 2595 | 638 | 4.10 | 11 |
| 2026-07-17 | 13 | 2595 | 638 | 4.10 | 12 |
| 2026-07-18 | 13 | 2595 | 638 | 4.10 | 13 |
| 2026-07-19 | 13 | 2595 | 638 | 4.10 | 14 |
| 2026-07-20 | 13 | 2595 | 638 | 4.10 | 15 |
| 2026-07-21 | 13 | 2595 | 638 | 4.10 | 16 |
| 2026-07-22 | 14 | 2546 | 625 | 4.10 | 16 |
| 2026-07-23 | 14 | 2546 | 625 | 4.10 | 17 |
| 2026-07-24 | 15 | 2656 | 657 | 4.08 | 17 |
| 2026-07-25 | 15 | 2656 | 657 | 4.08 | 18 |
| 2026-07-26 | 15 | 2656 | 657 | 4.08 | 19 |
| 2026-07-27 | 15 | 2656 | 657 | 4.08 | 20 |
| 2026-07-28 | 16 | 2684 | 669 | 4.05 | 19 |
| 2026-07-29 | 16 | 2618 | 653 | 4.04 | 20 |
| 2026-07-30 | 15 | 2666 | 666 | 4.04 | 22 |
| 2026-07-31 | 16 | 2618 | 655 | 4.03 | 22 |
| 2026-08-01 | 15 | 2646 | 656 | 4.07 | 23 |
| 2026-08-02 | 15 | 2646 | 656 | 4.07 | 24 |
| 2026-08-03 | 14 | 2652 | 649 | 4.12 | 25 |
| 2026-08-04 | 13 | 2710 | 661 | 4.14 | 26 |
| 2026-08-05 | 13 | 2706 | 645 | 4.23 | 26 |
| 2026-08-06 | 11 | 2876 | 673 | 4.33 | 24 |
| 2026-08-07 | 12 | 2828 | 663 | 4.32 | 23 |
| 2026-08-08 | 12 | 2828 | 663 | 4.32 | 24 |
| 2026-08-09 | 12 | 2828 | 663 | 4.32 | 25 |
| 2026-08-10 | 11 | 2658 | 636 | 4.26 | 24 |
| 2026-08-11 | 10 | 2704 | 660 | 4.14 | 22 |
| 2026-08-12 | 10 | 2704 | 660 | 4.14 | 23 |
| 2026-08-13 | 11 | 2686 | 650 | 4.18 | 22 |
| 2026-08-14 | 11 | 2686 | 650 | 4.18 | 23 |
| 2026-08-15 | 11 | 2686 | 650 | 4.18 | 24 |
| 2026-08-16 | 11 | 2686 | 650 | 4.18 | 25 |
| 2026-08-17 | 10 | 2903 | 688 | 4.26 | 18 |
| 2026-08-18 | 11 | 2821 | 670 | 4.24 | 18 |
| 2026-08-19 | 10 | 2788 | 652 | 4.29 | 18 |
| 2026-08-20 | 11 | 2726 | 629 | 4.38 | 18 |
| 2026-08-21 | 11 | 2726 | 629 | 4.38 | 19 |
| 2026-08-22 | 11 | 2726 | 629 | 4.38 | 20 |
| 2026-08-23 | 11 | 2726 | 629 | 4.38 | 21 |
| 2026-08-24 | 11 | 2708 | 638 | 4.29 | 18 |
| 2026-08-25 | 11 | 2639 | 611 | 4.34 | 16 |
| 2026-08-26 | 12 | 2903 | 639 | 4.49 | 16 |
| 2026-08-27 | 13 | 2876 | 621 | 4.64 | 16 |
| 2026-08-28 | 13 | 2876 | 621 | 4.64 | 17 |
| 2026-08-29 | 13 | 2876 | 621 | 4.64 | 18 |
| 2026-08-30 | 13 | 2876 | 621 | 4.64 | 19 |
| 2026-08-31 | 13 | 2876 | 621 | 4.64 | 20 |
12-Month Market Dynamics & Trend Trajectory
The building's leasing trajectory shows a rapid ramp-up in occupancy. Initial activity in June was minimal, but August saw a surge of 13 leases, indicating a strong market entry. Realized rents have remained relatively stable around the $2,592 mark over the 90-day window, though the average days on market shifted from 3 days in June to 31 days in August as the initial wave of demand was met.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-06-28 | 3 | 2465 | 633 | 4.02 | 9 |
| 2026-07-05 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-12 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 3 | 2783 | 738 | 3.78 | 10 |
| 2026-08-02 | 5 | 2162 | 597 | 3.67 | 21 |
| 2026-08-09 | 2 | 3199 | 675 | 4.96 | 48 |
| 2026-08-16 | 3 | 2703 | 717 | 3.80 | 41 |
| 2026-08-23 | 2 | 2800 | 700 | 4.10 | 35 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
AKRA at 109 Erskine Avenue competes directly against four nearby buildings within an 80-metre radius in Toronto's North Midtown submarket, spanning a construction window from 2008 to 2026. The closest rival is 101 Erskine, completed in 2018, which logged 37 lease transactions over the past 180 days. Other competitors include 133 Erskine Avenue (completing 2026), The 88 on Broadway (built 2009), and 220 Redpath Avenue (built 2008). Across the four comparables, the blended benchmark sits at an average lease rent of $2,386 per month and $3.51 per square foot. AKRA's realized lease metrics of $2,592 per month and $3.96 per square foot place it above the comp average. Compared to the North Midtown submarket lease benchmark of $4.19 per square foot, AKRA's $3.96 per square foot represents a 5.5% discount.
Comparable Analysis & Questions
How do rental rates at AKRA compare to neighbouring buildings within North Midtown?
AKRA realizes an average lease rent of $2,592 per month, which is $206 above the four-building comp average of $2,386 per month. 101 Erskine averages $2,550 per month, while The 88 on Broadway commands $2,804 per month. 133 Erskine Avenue reports $2,391 per month, and 220 Redpath Avenue represents a single-transaction data point at $1,800 per month.
Does AKRA offer a competitive price-per-square-foot ($/SF) against local comparables?
AKRA leases at $3.96 per square foot, trading at a $0.08 per square foot (2.0%) discount to 101 Erskine ($4.04 per square foot). Against 133 Erskine Avenue, AKRA charges a $1.15 per square foot premium but provides 183 fewer square feet of interior space. AKRA also maintains a $0.03 per square foot (0.8%) premium over The 88 on Broadway and a $0.69 per square foot (21.1%) premium over 220 Redpath Avenue, where it provides 117 more square feet of interior space.
How do building age, amenities, and developer reputation impact rent spreads?
AKRA offers a wellness-forward amenity suite anchored by Hot & Cold Plunge Pools, a dedicated Yoga Studio, a Rooftop Terrace, Sauna & Steam Room facilities, and 24-hour Concierge & Security. Where 101 Erskine provides an Outdoor Pool, Games & Billiards Room, and a Fireplace Lounge, AKRA differentiates with its plunge pools and Yoga Studio. The 88 on Broadway counters with an Indoor Pool, Hot Tub & Jacuzzi, and a Library & Reading Room, but lacks the dedicated Yoga Studio and cold-plunge programming. At 133 Erskine Avenue, the amenity set is limited to a Shared Laundry Room, Party & Lounge Room, Children's Playground, and Dog Run. 220 Redpath Avenue lists no amenities in the supplied data.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around AKRA.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Yoga Studio
- Sauna & Steam Room
- Rooftop Terrace
- Garden & Courtyard
- Party & Lounge Room
- Hot & Cold Plunge Pools
Residential Buildings in the Vicinity
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for AKRA.
Snapshot Dates & Benchmark Cadence
- Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of August 31, 2026.
- Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (August 2026 vs July 2026), ensuring consistent baseline periods and eliminating intra-month reporting volatility.
- Point-in-Time Daily History: Daily charts capture point-in-time active listings available on any given calendar day.
Public Data Aggregation & Thresholds
- Public Data Aggregation: FastScreen aggregates residential rental listing and completed lease transaction records from publicly available sources.
- Threshold Filtering: All listings are subject to a minimum monthly rental threshold of $1,000 to filter out standalone storage lockers, private parking spaces, and misclassified commercial entries from condominium statistics.
Calculation Formulations
- Average Asking Rent: Weighted average of active asking prices across available suites in the reporting period.
- Price Per Square Foot ($/SF): Calculated by dividing rent by square footage only for listings that provide unit dimensions (suites without stated square footage are excluded from $/SF calculations).
- Days on Market (DOM): Measures elapsed calendar days between the date a suite is first listed and either the benchmark snapshot date (for active listings) or the finalized date leased.
- Parking & Den Differentials: Average asking rent differences between suites with vs. without parking, and suites with vs. without a den.
Data Limitations & Scope
- Exclusively Public Records: Statistics are derived exclusively from publicly available rental listings and completed lease records. Private direct-to-landlord arrangements, unadvertised tenant renewals, and off-market rental agreements are not captured.
- Agreed Contract Amounts: Reported lease amounts reflect agreed contract rents and do not account for private move-in allowances or individual unit renovations that may influence pricing spreads.
Disclaimer: The information and statistics presented on this page (including asking rents, lease prices, de-listed listings, average square footage, days on market, and implied suite premiums) are aggregated from public listing sources for general informational, educational, and reference purposes only. FastScreen does not guarantee the accuracy, completeness, or timeliness of any data shown. This information does not constitute financial, investment, legal, or professional real estate advice. Users should conduct their own independent research and consult with licensed professionals before making any rental, leasing, property management, or real estate investment decisions.