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Market Data as of August 31, 2026

Pavilia Towers - Building A — Rental Market Data

12 Gandhi Lane, Markham, Ontario L3T 0G8
Quick Rent Estimate
Active Suites7 Available
Type
Units
Avg Rent
1-Bedroom
3
$1,867
2-Bedroom
3
$2,967
3-Bedroom+
1
$4,500

Building Summary & Rental Market Overview

Rental market analytics and building profile as of August 31, 2026.

Building TypeCondominium
Year Completed2023
Total Suites400
DeveloperTimes Group

Pavilia Towers - Building A at 12 Gandhi Lane in Markham West is a 400-suite residential tower developed by Times Group and completed in 2023. As of August 31, 2026, seven units are actively listed for rent, representing a 1.8 percent availability rate across the building. Leasing momentum remains steady: seven leases closed in the past 30 days at an average of $2,418 per month with a 19-day average time on market, while the broader 90-day window shows 13 closed leases averaging $2,725 per month and a 17-day average DOM.

Current active asking rents average $2,714 per month at $4.09 per square foot across an average suite size of 717 square feet, compared to the 90-day realized lease average of $2,725 per month at $3.60 per square foot. The modest nominal gap between asking and realized pricing is offset by the fact that current listings skew toward more compact footprints than the historical lease mix, which was dominated by one-bedroom-plus-den layouts averaging 758 square feet. Against the Markham West submarket asking benchmark of $3.61 per square foot, Pavilia Towers - Building A commands a 13.3 percent premium on a per-square-foot basis, reflecting its newer construction and amenity profile.

Marketing friction at this building is minimal. Zero units were delisted without a lease in the tracked period, and the 40 percent of closed leases that settled below asking did so by an average concession of just $29 per month, a tenant-favorable discount of roughly 1 percent. Active inventory depth is thin across every tier: three one-bedroom units and three two-bedroom units each offer a small selection, while the single three-bedroom-plus listing at 1,472 square feet represents a one-of-a-kind opportunity with no comparable alternative currently on the market.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Pavilia Towers - Building A as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units7
-5 (41.7%)
Avg Asking Rent$2,714
+$156 (6.1%)
Avg Suite Size717 sf
+28 sf (4.1%)
Avg Days on Market55d
+34d (161.6%)
Avg Asking $/SF$4.09
+$0.20 (5.2%)

Active Market Insights & Questions

How has rental availability changed at Pavilia Towers - Building A recently?

Pavilia Towers - Building A carries seven active rental listings as of August 31, 2026, spanning a price range from $1,650 to $4,500 per month with an average asking rent of $2,714 and a median of $2,950. The average active suite measures 717 square feet at an asking rate of $4.09 per square foot. Inventory splits evenly between one-bedroom and two-bedroom layouts at 42.9 percent each, with a single three-bedroom-plus unit rounding out the mix, indicating a balanced spread rather than a heavy lean toward compact entry-level or executive multi-bedroom suites.

What floor plans and unit layouts are currently available at Pavilia Towers - Building A?

One-bedroom and two-bedroom layouts are co-dominant at Pavilia Towers - Building A, each holding three of the seven active listings for a 42.9 percent inventory share. One-bedroom units average $1,867 per month across 400 square feet at $4.67 per square foot, while two-bedroom units average $2,967 per month across 783 square feet at $3.85 per square foot. The lone three-bedroom-plus listing asks $4,500 per month for 1,472 square feet at $3.06 per square foot, a single-transaction tier with no direct alternative currently available.

What is the average asking rent and $/SF by suite size at Pavilia Towers - Building A?

Pavilia Towers - Building A presents an active asking spread of $2,850 per month, or 172.7 percent, between its entry point of $1,650 and its peak of $4,500. The median asking rent sits at $2,950 per month. At the low end, a 400-square-foot one-bedroom suite asks $1,650 per month at $4.13 per square foot, while the top of the range features a 1,472-square-foot three-bedroom-plus layout at $4,500 per month and $3.06 per square foot, illustrating how larger executive suites deliver a meaningfully lower per-square-foot cost.

How much extra do parking spaces and dens cost at Pavilia Towers - Building A?

Pavilia Towers - Building A does not have a reliably quantified den premium or square-footage delta from current active listings, as the paired sample is insufficient to isolate a marginal cost for additional den space. Parking stall premiums likewise cannot be reliably isolated from the current listing set, and no verified parking add-on fee is available from either active or historical lease data. Renters should request individual parking quotes directly from the leasing office before committing to a unit.

How do asking rents at Pavilia Towers - Building A compare to local and municipal benchmarks?

Pavilia Towers - Building A asks an average of $2,714 per month at $4.09 per square foot, compared to the Markham West submarket asking benchmark of $2,730 per month at $3.61 per square foot. The building's nominal asking rent is essentially at parity with the submarket average, yet its per-square-foot rate runs 13.3 percent above the submarket benchmark, a gap driven by the building's newer construction and premium positioning rather than by suite size differences. Pavilia Towers - Building A accounts for seven of the 40 active listings in the Markham West submarket, representing 17.5 percent of total available inventory in the area.

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 Pavilia Towers - Building A (Data period: For the month of August 2026).

Units Leased7
Avg Leased Price$2,418
Avg Leased Size758 sf
Avg Days to Lease19d
Leased $/SF$3.72

Leased Transaction Insights & Questions

How many suites were leased at Pavilia Towers - Building A last month, and how fast did they rent?

Pavilia Towers – Building A closed leases in 19 days on average over the trailing 30 days, beating the Markham West submarket benchmark of 26 days. The 90-day average DOM sits at 17 days, and the lifetime average is also 17 days, indicating consistently fast absorption. Volume accelerated into late summer: 7 leases closed in the past 30 days versus 13 over the full 90-day window and 20 across the entire one-year tracking period, confirming that leasing turnover picked up meaningfully through July and August.

What is the negotiation spread between asking rents and closed lease prices at Pavilia Towers - Building A?

Pavilia Towers – Building A tenants negotiated an average discount of $29 per month (1.03% below asking), saving roughly $348 per year in rent. Forty percent of all closed leases settled under the listed asking price, giving prospective tenants measurable leverage at the negotiating table. The net negotiation spread of -$29 per month reflects a tenant-favorable market where landlords conceded on price rather than holding firm at list.

What are typical executed lease prices across different layouts at Pavilia Towers - Building A?

The 1-Bedroom + Den layout dominates Pavilia Towers – Building A with 15 closed leases averaging $2,435 per month and a 19-day DOM. The 2-Bedroom tier recorded 2 leases at an average of $3,050 per month (median $3,050, P25–P75 range $3,050–$3,050), averaging 850 square feet at $3.59 per square foot with a 13-day DOM; this is a limited sample and serves as a directional indicator only. The 1-Bedroom tier shows a single transaction at $1,250 per month for 1,100 square feet at $1.14 per square foot, closed in 5 days—this is an individual deal, not a statistical benchmark. The 2-Bedroom + Den tier also reflects a single transaction at $3,200 per month for 950 square feet at $3.37 per square foot, closed in 4 days; again, an individual deal rather than a broad benchmark. The 3-Bedroom+ tier closed one lease at $4,800 per month for 1,500 square feet at $3.20 per square foot with a 20-day DOM, representing a single transaction only.

What measurable rent premium did suites with parking achieve in closed leases at Pavilia Towers - Building A?

Pavilia Towers – Building A does not have sufficient paired lease data to isolate a reliable parking premium, so no realized monthly parking value can be quoted. Active listings also show unreliable or insufficient paired samples for parking, meaning the premium cannot be cleanly separated from suite rent. Prospective tenants should treat any parking figure in active listings as bundled or anecdotal until a larger paired dataset confirms a consistent market rate.

How does the lease-to-listing ratio at Pavilia Towers - Building A reflect current tenant demand?

Pavilia Towers – Building A shows a volatile but ultimately stable rent trajectory across the April-to-August 2026 tracking window, with the 30-day average settling at $2,418 per month. April closed 2 leases averaging $2,450 per month at $3.77 per square foot with a 12-day DOM. May saw 5 leases close at an average of $2,310 per month, $3.18 per square foot, and an 18-day DOM. June recorded 3 leases at $3,417 per month, $3.49 per square foot, and a 19-day DOM. July closed 3 leases averaging $2,750 per month at $3.44 per square foot with a 13-day DOM. August brought the highest volume at 7 leases, averaging $2,418 per month, $3.72 per square foot, and a 19-day DOM.

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
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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)
2026-04-27523708003.179
2026-04-28423508383.0210
2026-04-29323179002.7811
2026-04-30423138382.979
2026-05-01423138382.9710
2026-05-02326677503.5813
2026-05-03326677503.5814
2026-05-04326677503.5815
2026-05-05326677503.5816
2026-05-06326677503.5817
2026-05-07326677503.5818
2026-05-08326677503.5819
2026-05-09326677503.5820
2026-05-10326677503.5821
2026-05-11527507503.6813
2026-05-12527507503.6814
2026-05-13527507503.6815
2026-05-14527507503.6816
2026-05-15627007333.7015
2026-05-16627007333.7016
2026-05-17627007333.7017
2026-05-18627007333.7018
2026-05-19527507503.6814
2026-05-20527507503.6815
2026-05-21329678173.6517
2026-05-22329678173.6518
2026-05-23329678173.6519
2026-05-24329678173.6520
2026-05-25228508003.6025
2026-05-26228508003.6026
2026-05-27228508003.6027
2026-05-28228508003.6028
2026-05-29228508003.6029
2026-05-30228508003.6030
2026-05-31228508003.6031
2026-06-01228508003.6032
2026-06-02228508003.6033
2026-06-03228508003.6034
2026-06-04329678173.6523
2026-06-05532509543.4514
2026-06-06532509543.4515
2026-06-07532509543.4516
2026-06-084345010303.3816
2026-06-094345010303.3817
2026-06-10727717603.9310
2026-06-11727717603.9311
2026-06-12727717603.9312
2026-06-13727717603.9313
2026-06-14727717603.9314
2026-06-15727717603.9315
2026-06-16627007453.9617
2026-06-17627007453.9618
2026-06-18627007453.9619
2026-06-19627007453.9620
2026-06-20627007453.9621
2026-06-21627007453.9622
2026-06-22627007453.9623
2026-06-23627007453.9624
2026-06-24726717313.9421
2026-06-25623176034.0623
2026-06-26623176034.0624
2026-06-27623176034.0625
2026-06-28623176034.0626
2026-06-29623176034.0627
2026-06-30521305344.1918
2026-07-01521305344.1919
2026-07-02521305004.3515
2026-07-03420384634.4818
2026-07-04420384634.4819
2026-07-05420384634.4820
2026-07-06525306644.2016
2026-07-07525306644.2017
2026-07-08525306644.2018
2026-07-09525306644.2019
2026-07-10525306644.2020
2026-07-11525306644.2021
2026-07-12525306644.2022
2026-07-13726147034.0217
2026-07-14726147034.0218
2026-07-15726147034.0219
2026-07-16726147034.0220
2026-07-17625176624.1224
2026-07-18625176624.1225
2026-07-19625176624.1226
2026-07-20625176624.1227
2026-07-21625176624.1228
2026-07-22625176624.1229
2026-07-23625176624.1230
2026-07-24825506843.9823
2026-07-25925396803.9621
2026-07-261025306773.9420
2026-07-271025306773.9421
2026-07-281025306773.9422
2026-07-291025306773.9423
2026-07-301125686933.8922
2026-07-311225586893.8821
2026-08-011225586893.8822
2026-08-021225586893.8823
2026-08-031225586893.8824
2026-08-041225586893.8825
2026-08-051125686933.8927
2026-08-061225506893.8726
2026-08-071025606973.8826
2026-08-081025606973.8827
2026-08-091025606973.8828
2026-08-101025606973.8829
2026-08-11826007093.9234
2026-08-12826007093.9235
2026-08-13726367173.9740
2026-08-14726367173.9741
2026-08-15726367173.9742
2026-08-16726367173.9743
2026-08-17626677294.0048
2026-08-18626677294.0049
2026-08-19626677294.0050
2026-08-20727147174.0944
2026-08-21727147174.0945
2026-08-22727147174.0946
2026-08-23727147174.0947
2026-08-24727147174.0948
2026-08-25727147174.0949
2026-08-26727147174.0950
2026-08-27727147174.0951
2026-08-28727147174.0952
2026-08-29727147174.0953
2026-08-30727147174.0954
2026-08-31727147174.0955

12-Month Market Dynamics & Trend Trajectory

Pavilia Towers – Building A has closed 20 leases since registration in October 2023, averaging $2,594 per month at $3.51 per square foot across an average suite size of 758 square feet. The lifetime average DOM is 17 days, and the building sits in the Markham West submarket where the benchmark DOM is 26 days, giving this property a clear velocity advantage. Tenant turnover has been steady, with the full 20-lease volume concentrated in the most recent 12-month window, suggesting the building reached its leasing cadence quickly after delivery. Pricing discipline at Pavilia Towers – Building A leans tenant-favorable: 40% of leases closed below asking, and the net negotiation spread is -$29 per month (1.03% discount). This translates to roughly $348 in annual savings for tenants who negotiate, confirming that landlords are conceding at the table rather than holding at list. The consistent 17-day DOM across all timeframes reinforces that units move fast enough that landlords cannot afford to wait out a price standoff.

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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
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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)
2026-04-261125011001.145
2026-05-030N/AN/AN/AN/A
2026-05-100N/AN/AN/AN/A
2026-05-17324176503.7223
2026-05-24130508503.5914
2026-05-310N/AN/AN/AN/A
2026-06-07124006503.6924
2026-06-14130508503.5912
2026-06-211480015003.2020
2026-06-28225257343.4818
2026-07-050N/AN/AN/AN/A
2026-07-12132009503.374
2026-07-190N/AN/AN/AN/A
2026-07-260N/AN/AN/AN/A
2026-08-02324506503.7724
2026-08-09323756503.6514
2026-08-16124506503.7717

Nearby Building Rental Comparables & Price Spreads

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

Pavilia Towers – Building A at 12 Gandhi Lane in Markham West sits within a tight competitive cluster of four nearby buildings, the closest being its sister tower Pavilia Towers – Building B at 38 Gandhi Lane just 0.08 km away, also completed in 2023 and recording 11 closed lease transactions over the trailing 180 days. The remaining comparables span a wider generational range: Galleria Tower at 51 Saddlecreek Dr (0.23 km, built in 2005, 2 closed leases), Thornhill Tower II at 48 Suncrest Blvd (0.31 km, built in 2004, 4 closed leases), and Parkview Tower II at 37 Galleria Pkwy (0.34 km, built in 2007, 5 closed leases). The contrast in building eras is stark—Pavilia A shares its 2023 completion with Building B, while the other three competitors were delivered between 2004 and 2007, giving the subject a clear structural-generation advantage in systems, finishes, and energy efficiency. Across the four-comparable set, the average closed lease rent is $2,288 per month at an average rate of $3.46 per square foot and an average suite size of 668 square feet. Pavilia Towers – Building A leases at $2,594 per month on 758 square feet of interior space, placing it $306 above the comp average in absolute rent while delivering 90 additional square feet over the typical comparable unit. On a per-square-foot basis the subject trades at $3.51, sitting just above the $3.46 comp midpoint and below its own sister tower's $3.67 rate, which positions it as a value-oriented option within an otherwise premium 2023 delivery pair.

38 Gandhi Lane, Markham

Avg Asking$2,732/mo
Avg $/SF$3.44
Rent Spread:
+$18/mo (+0.7%) Higher

370 Highway 7 E, Richmond Hill

Avg Asking$2,406/mo
Avg $/SF$3.64
Rent Spread:
-$308/mo (-11.4%) Lower

51 Saddlecreek Dr, Markham

Avg Asking$2,083/mo
Avg $/SF$3.41
Rent Spread:
-$631/mo (-23.2%) Lower

372 Highway 7 E, Richmond Hill

Avg Asking$2,286/mo
Avg $/SF$3.66
Rent Spread:
-$428/mo (-15.8%) Lower

376 Highway 7 E, Richmond Hill

Avg Asking$2,310/mo
Avg $/SF$3.90
Rent Spread:
-$404/mo (-14.9%) Lower

48 Suncrest Blvd, Markham

Avg Asking$2,279/mo
Avg $/SF$3.53
Rent Spread:
-$436/mo (-16.1%) Lower

Comparable Analysis & Questions

How do rental rates at Pavilia Towers - Building A compare to neighbouring buildings within Markham West?

Pavilia Towers – Building A at 12 Gandhi Lane leases at an average of $2,594 per month, which is $306 (13.4%) above the four-comparable average of $2,288 and $178 below the Markham West submarket lease benchmark of $2,616. The nearest competitor, Pavilia Towers – Building B at 38 Gandhi Lane (0.08 km), commands $2,585 per month at $3.67 per square foot on 722 square feet of space. Galleria Tower at 51 Saddlecreek Dr (0.23 km) leases at $2,025 per month, $3.12 per square foot on 650 square feet. Thornhill Tower II at 48 Suncrest Blvd (0.31 km) records $2,113 per month at $3.47 per square foot on 613 square feet. Parkview Tower II at 37 Galleria Pkwy (0.34 km) leases at $2,430 per month, $3.57 per square foot on 688 square feet.

Does Pavilia Towers - Building A offer a competitive price-per-square-foot ($/SF) against local comparables?

Pavilia Towers – Building A delivers 758 square feet of interior space at an average leased rate of $3.51 per square foot, a configuration that undercuts its 2023 sister tower by $0.16 per square foot while still commanding a modest premium over the two older 2004–2007-era competitors in the set. Against Pavilia Towers – Building B (722 sq ft at $3.67/sq ft), the subject offers 36 additional square feet at a lower per-square-foot cost, making it the more space-efficient choice within the same development. Compared with Parkview Tower II (688 sq ft at $3.57/sq ft), tenants gain 70 extra square feet while paying $0.06 less per square foot. Against Galleria Tower (650 sq ft at $3.12/sq ft) and Thornhill Tower II (613 sq ft at $3.47/sq ft), the subject trades at a small premium of $0.39 and $0.04 per square foot respectively, but in exchange provides 108 and 145 additional square feet of livable area, meaning the absolute monthly rent gap narrows considerably once the extra space is factored in.

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

Pavilia Towers – Building A offers a 16-feature amenity suite that extends well beyond what the three older nearby competitors provide, while matching or exceeding its 2023 sister tower on several lifestyle categories. Five signature features stand out: the dedicated Yoga Studio is absent from all four comparables; the EV Charging Station is missing from Galleria Tower, Thornhill Tower II, and Parkview Tower II; the Library & Reading Room does not appear at Galleria, Thornhill II, or Parkview II; the full-service Dining Room & Kitchen is unavailable at any of the four competitors; and the Indoor Kids' Play Room is a feature none of the nearby buildings offer. Against Pavilia Towers – Building B specifically, the subject adds both a Meeting Room and a Media & Theatre Room that its sister tower lacks. This amenity depth—combining wellness (yoga, pool, sauna), productivity (meeting room, library), family programming (indoor kids' play room, dining kitchen), and modern convenience (EV charging)—is best suited to young professional families and dual-income households in their late twenties to mid-thirties who want a single building to cover fitness, remote-work, and child-care logistics without supplementing with external memberships.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Pavilia Towers - Building A.

Building Amenities

  • Concierge & Security
  • EV Charging Station
  • Gym & Fitness Centre
  • Yoga Studio
  • Indoor Pool
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Library & Reading Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Kids' Play Room - Indoor

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Pavilia Towers - Building A.

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.