Parc Nuvo at Essex — Rental Market Data

At Parc Nuvo at Essex, the 30-day average days on market is 39 days, the 90-day average is 31 days, and the Etobicoke Centre submarket benchmark sits at 25 days. Tracking 2 closed leases over the past 30 days alongside 12 closed leases over the 90-day window and 15 total lifetime leases, leasing turnover moderated slightly through the tail end of the summer season.

At Parc Nuvo at Essex, tenants secured an average monthly discount of $33 per month, representing a 1.25% variance below asking price and annual tenant savings of $396 per year. Exactly 46.7% of leases closed under asking, reflecting tenant-favorable leasing leverage and landlord concessions.

The two highest-volume anchor layouts at Parc Nuvo at Essex are the 1-Bedroom + Den and the 2-Bedroom configurations. The 1-Bedroom + Den tier achieved an average monthly rent of $2,411 per month across 9 closed leases with an average days on market of 26, a median of $2,400 per month, a P25-P75 range of $2,350 to $2,500 per month, an average size of 663 square feet, and $3.64 per square foot, serving as a statistically robust benchmark. The 2-Bedroom tier recorded 5 closed leases with an average monthly rent of $2,795 per month, a median of $2,800 per month, a P25-P75 range of $2,750 to $2,850 per month, an average size of 840 square feet, $3.39 per square foot, and an average days on market of 35, also representing a statistically robust benchmark. The 1-Bedroom tier recorded 1 closed lease with an average monthly rent of $2,450 per month, a median of $2,450 per month, a P25-P75 range of $2,450 to $2,450 per month, an average size of 650 square feet, $3.77 per square foot, and an average days on market of 33, representing an individual single transaction rather than a broad statistical benchmark. (note that this represents an individual deal rather than a broad statistical benchmark)

At Parc Nuvo at Essex, parking premium data is currently insufficient for isolated line-item valuation. Suite bundling patterns indicate that parking stalls are typically included in larger 2-bedroom floor plans rather than broken out separately. Active asking parking rates remain inconclusive due to limited paired sample data.

At Parc Nuvo at Essex, the overall rent trajectory moved from a spring starting point of $2,325 per month up to a summer peak before moderating to $2,450 per month in August. In April 2026, 2 closed deals averaged $2,325 per month at $3.52 per square foot with 31 days on market. In May 2026, 1 closed deal averaged $2,300 per month at $3.54 per square foot with 3 days on market. In June 2026, 3 closed deals averaged $2,550 per month at $3.57 per square foot with 40 days on market. In July 2026, 7 closed deals averaged $2,661 per month at $3.52 per square foot with 25 days on market. In August 2026, 2 closed deals averaged $2,450 per month at $3.77 per square foot with 39 days on market.