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Market Data as of September 30, 2026

The Novus — Rental Market Data

11-25 Ordnance Street, Toronto, Ontario M6K 0G6
Quick Rent Estimate

Last Lease

1-Bedroom
Lease Amount
$2,595/mo
Date Leased: September 1, 2026
Rent psf$6.49/sf
Turnover Velocity21 Days
Active Inventory Status0 Available

Building Summary & Rental Market Overview

Rental market analytics and building profile as of September 30, 2026.

Building TypeCondominium
Year Completed2021
Total Suites579
DeveloperBGO Living

The Novus is a residential community located in Toronto, Ontario. Completed in 2021, the property features an estimated 579 suites. While there are currently no active rental listings on the market, historical records show 1 closed lease transactions with an average realized rent of $2,595/month ($6.49/SF).

Looking to compare? Explore more buildings in Liberty Village
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Last Realized Lease

Transaction metrics for the most recently leased suite

1-Bedroom
Lease Amount$2,595/mo
Date LeasedSeptember 1, 2026
Rent psf$6.49/sf
Turnover Velocity21 Days
Active Inventory Status0 Available

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 The Novus (Data period: For the month of September 2026).

Units Leased1
Avg Leased Price$2,595
Avg Leased Size400 sf
Avg Days to Lease21d
Leased $/SF$6.49

Leased Transaction Insights & Questions

How many suites were leased at The Novus last month, and how fast did they rent?

Over For the month of September 2026, 1 residential lease transaction closed at The Novus, leasing in an average of 21 days on market.

What is the negotiation spread between asking rents and closed lease prices at The Novus?

Completed lease contracts averaged $2,595/month, compared to active asking rents of $0/month, reflecting a spread of $0/month (0.0%).

What are typical executed lease prices across different layouts at The Novus?

Executed lease contracts averaged $2,595/month ($6.49/SF) across closed suites.

What measurable rent premium did suites with parking achieve in closed leases at The Novus?

Dedicated parking stalls continue to command tangible contract premiums in finalized lease agreements.

How does the lease-to-listing ratio at The Novus reflect current tenant demand?

Absorption velocity remains active, demonstrating steady tenant turnaround across modern suite sizes.

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.

Suite Filters
Select layout to filter chart
Chart Metrics
Max 2 Plotted
Show Min / Max Range Bands
Left AxisAsking Price
Avg Asking Price
Right AxisUnits Available
Avg Units Available
Historical statistics trends for active listings
DateUnits AvailableAvg Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-04-27333337334.6518
2026-04-28333337334.6519
2026-04-29333337334.6520
2026-04-30333337334.6521
2026-05-01333337334.6522
2026-05-02333337334.6523
2026-05-03333337334.6524
2026-05-04333337334.6525
2026-05-05236988254.6135
2026-05-06236988254.6136
2026-05-07236988254.6137
2026-05-08236988254.6138
2026-05-09236988254.6139
2026-05-10236988254.6140
2026-05-11236988254.6141
2026-05-12236988254.6142
2026-05-131465011004.2369
2026-05-141465011004.2370
2026-05-151465011004.2371
2026-05-161465011004.2372
2026-05-171465011004.2373
2026-05-181465011004.2374
2026-05-191465011004.2375
2026-05-201465011004.2376
2026-05-29129206504.49N/A
2026-05-30129206504.491
2026-05-31129206504.492
2026-06-01129206504.493
2026-06-02129206504.494
2026-06-03129206504.495
2026-06-04129206504.496
2026-06-05129206504.497
2026-06-06331255895.343
2026-06-07331255895.344
2026-06-08331255895.345
2026-06-09331255895.346
2026-06-10331255895.347
2026-06-11331255895.348
2026-06-12331255895.349
2026-06-13331255895.3410
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2026-06-18331255895.3415
2026-06-19331255895.3416
2026-06-20331255895.3417
2026-06-21331255895.3418
2026-06-22331255895.3419
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2026-06-24331255895.3421
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2026-06-26331255895.3423
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2026-06-28331255895.3425
2026-06-29331255895.3426
2026-06-30331255895.3427
2026-07-01331255895.3428
2026-07-02331255895.3429
2026-07-03331255895.3430
2026-07-04331255895.3431
2026-07-05331255895.3432
2026-07-06331255895.3433
2026-07-07331255895.3434
2026-07-08331255895.3435
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2026-07-10331255895.3437
2026-07-11331255895.3438
2026-07-12331255895.3439
2026-07-13331255895.3440
2026-07-14232285585.7738
2026-07-15232285585.7739
2026-07-16232285585.7740
2026-07-17232285585.7741
2026-07-18232285585.7742
2026-07-19232285585.7743
2026-07-20232285585.7744
2026-07-21232285585.7745
2026-07-22232285585.7746
2026-07-23232285585.7747
2026-07-24232285585.7748
2026-07-25232285585.7749
2026-07-26232285585.7750
2026-07-27232285585.7751
2026-07-28232285585.7752
2026-07-29138205666.7553
2026-07-30138205666.7554
2026-07-31138205666.7555
2026-08-01138205666.7556
2026-08-02138205666.7557
2026-08-03138205666.7558
2026-08-04138205666.7559
2026-08-05235586725.4930
2026-08-06235586725.4931
2026-08-07235586725.4932
2026-08-08235586725.4933
2026-08-09235586725.4934
2026-08-10235586725.4935
2026-08-11431906055.5018
2026-08-12431906055.5019
2026-08-13431906055.5020
2026-08-14430846055.314
2026-08-15430846055.315
2026-08-16430846055.316
2026-08-17430846055.317
2026-08-18430846055.318
2026-08-19430846055.319
2026-08-20329806185.0811
2026-08-21329806185.0812
2026-08-22329806185.0813
2026-08-23329806185.0814
2026-08-24228235395.5013
2026-08-25228235395.5014
2026-08-26228235395.5015
2026-08-27125954006.4916
2026-08-28125954006.4917
2026-08-29125954006.4918
2026-08-30125954006.4919
2026-08-31125954006.4920

12-Month Market Dynamics & Trend Trajectory

Over the trailing 12-month period, rental market metrics at The Novus reflect broader macroeconomic seasonality and local submarket absorption trends. Use the suite layout filters above to isolate pricing trajectories across studio, 1-bedroom, and 2-bedroom configurations.

Loading inventory data…

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.

Property & transaction filters
Chart metrics & timeframe
Max 2 selected
Show min/max boundaries

Latest leased insights and trends

Left AxisLeased Price
Avg Leased Price
Right AxisUnits Leased
Avg Units Leased
Historical statistics trends for leased transactions
DateUnits LeasedAvg Leased Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-05-03126055504.748
2026-05-10129705505.4016
2026-05-171465011004.2377
2026-05-240N/AN/AN/AN/A
2026-05-310N/AN/AN/AN/A
2026-06-070N/AN/AN/AN/A
2026-06-140N/AN/AN/AN/A
2026-06-210N/AN/AN/AN/A
2026-06-280N/AN/AN/AN/A
2026-07-050N/AN/AN/AN/A
2026-07-12129206504.4946
2026-07-190N/AN/AN/AN/A
2026-07-260N/AN/AN/AN/A
2026-08-020N/AN/AN/AN/A
2026-08-090N/AN/AN/AN/A
2026-08-16136205666.406
2026-08-23231737274.3718
2026-08-30125954006.4921

Nearby Building Rental Comparables & Price Spreads

Direct rental rate comparisons against residential properties in the immediate vicinity.

Comparing rental asking rates and price-per-square-foot ($/SF) at The Novus with 6 tracked residential buildings in the immediate vicinity.

Playground at Garrison Point52 m

50 Ordnance St, Toronto

Avg Asking$2,687/mo
Avg $/SF$4.07
Rent Spread:
N/A
Garrison Point66 m

30 Ordnance St, Toronto

Avg Asking$3,136/mo
Avg $/SF$4.39
Rent Spread:
N/A
SVNTY76 m

70 Ordnance Street, Toronto

Avg Asking$3,864/mo
Avg $/SF$5.17
Rent Spread:
N/A
Zen128 m

19 Western Battery Rd, Toronto

Avg Asking$2,659/mo
Avg $/SF$4.30
Rent Spread:
N/A
Liberty Central by the Lake - 2170 m

49 East Liberty St, Toronto

Avg Asking$2,548/mo
Avg $/SF$4.25
Rent Spread:
N/A
Liberty Central By The Lake201 m

51 East Liberty St, Toronto

Avg Asking$2,661/mo
Avg $/SF$4.14
Rent Spread:
N/A

Comparable Analysis & Questions

How do rental rates at The Novus compare to neighbouring buildings within Liberty Village?

At $0/month ($0.00/SF), The Novus maintains a competitive market position compared to surrounding properties.

Does The Novus offer a competitive price-per-square-foot ($/SF) against local comparables?

Comparing $/SF rates demonstrates how space efficiency and suite square footage influence relative affordability against nearby buildings.

How do building age, amenities, and developer reputation impact rent spreads?

Modern building amenities, concierge services, and construction vintage contribute to rent spreads between The Novus and neighbouring options.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around The Novus.

Building Amenities

  • BBQ Area
  • Business Centre
  • Concierge & Security
  • Dining Room & Kitchen
  • Games & Billiards Room
  • Gym & Fitness Centre
  • Media & Theatre Room
  • Meeting Room
  • Original Art Collection
  • Parcel Management System
  • Party & Lounge Room
  • Pet Wash Station
  • Rooftop Terrace
  • Yoga Studio

Residential Buildings in the Vicinity

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for The Novus.

Snapshot Dates & Benchmark Cadence

  • Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of September 30, 2026.
  • Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (September 2026 vs August 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.