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Market Data as of September 30, 2026

Sommerset at Northtown — Rental Market Data

18 Sommerset Way, North York, Ontario M2N 6X5
Quick Rent Estimate

Last Lease

1-Bedroom
Lease Amount
$2,300/mo
Date Leased: September 9, 2026
Rent psf$3.71/sf
Turnover Velocity51 Days
Active Inventory Status0 Available

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2001
Total Suites283
DeveloperTridel

Sommerset at Northtown is a residential community located in North York, Ontario. Completed in 2001, the property features an estimated 283 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 $2,300/month ($3.71/SF).

Looking to compare? Explore more buildings in North York City Centre
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Last Realized Lease

Transaction metrics for the most recently leased suite

1-Bedroom
Lease Amount$2,300/mo
Date LeasedSeptember 9, 2026
Rent psf$3.71/sf
Turnover Velocity51 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 Sommerset at Northtown (Data period: For the month of September 2026).

Units Leased1
Avg Leased Price$2,300
Avg Leased Size620 sf
Avg Days to Lease51d
Leased $/SF$3.71

Leased Transaction Insights & Questions

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

Over For the month of September 2026, 1 residential lease transaction closed at Sommerset at Northtown, leasing in an average of 51 days on market.

What is the negotiation spread between asking rents and closed lease prices at Sommerset at Northtown?

Completed lease contracts averaged $2,300/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 Sommerset at Northtown?

Executed lease contracts averaged $2,300/month ($3.71/SF) across closed suites.

What measurable rent premium did suites with parking achieve in closed leases at Sommerset at Northtown?

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

How does the lease-to-listing ratio at Sommerset at Northtown reflect current tenant demand?

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

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Sommerset at Northtown (Data period: For the month of September 2026).

Delisted Units1
Avg Asking Price$2,300
Avg Suite Size550 sf
Avg Days on Market51d
Delisted $/SF$4.18

De-Listed Market Analysis & Questions

How many listings de-listed at Sommerset at Northtown, and what was their re-listing price compared to previous asking?

During September 2026, 1 listings were withdrawn or terminated from the market. Re-listed suites returned with price adjustments aligning with local demand.

How do asking prices on de-listed suites compare to executed leases and active listings at Sommerset at Northtown?

Withdrawn listings had an average asking rate of $2,300/month ($4.18/SF) prior to removal.

What market friction causes rental listings to stall or de-list at Sommerset at Northtown?

Listings spent an average of 51 days on market prior to termination, indicating tenant price resistance on specific layouts.

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)
2026-04-27131509223.4214
2026-04-28131509223.4215
2026-04-29131509223.4216
2026-04-30131509223.4217
2026-05-01227257613.629
2026-05-02227257613.6210
2026-05-03227257613.6211
2026-05-04227257613.6212
2026-05-05227257613.6213
2026-05-06227257613.6214
2026-05-07227257613.6215
2026-05-08227257613.6216
2026-05-09329838743.4811
2026-05-10329838743.4812
2026-05-11329838743.4813
2026-05-12329838743.4814
2026-05-13229008503.518
2026-05-14229008503.519
2026-05-15229008503.5110
2026-05-16229008503.5111
2026-05-17229008503.5112
2026-05-18229008503.5113
2026-05-19229008503.5114
2026-05-20229008503.5115
2026-05-21229008503.5116
2026-05-22229008503.5117
2026-05-23229008503.5118
2026-05-24229008503.5119
2026-05-25229008503.5120
2026-05-26229008503.5121
2026-05-27229008503.5122
2026-05-281350011003.1819
2026-05-291350011003.1820
2026-05-301350011003.1821
2026-05-311350011003.1822
2026-06-012345011003.1412
2026-06-022345011003.1413
2026-06-032345011003.1414
2026-06-042345011003.1415
2026-06-05330679173.4810
2026-06-06330679173.4811
2026-06-07330679173.4812
2026-06-082345011003.1419
2026-06-092345011003.1420
2026-06-102345011003.1421
2026-06-112345011003.1422
2026-06-122345011003.1423
2026-06-131350011003.1835
2026-06-141350011003.1836
2026-06-151350011003.1837
2026-06-161350011003.1838
2026-06-171350011003.1839
2026-06-181350011003.1840
2026-06-191350011003.1841
2026-06-201350011003.1842
2026-06-211350011003.1843
2026-06-221350011003.1844
2026-06-231350011003.1845
2026-06-241350011003.1846
2026-06-251350011003.1847
2026-06-261350011003.1848
2026-06-271350011003.1849
2026-06-281350011003.1850
2026-06-291350011003.1851
2026-06-301350011003.1852
2026-07-011350011003.1853
2026-07-021350011003.1854
2026-07-031350011003.1855
2026-07-041350011003.1856
2026-07-051350011003.1857
2026-07-061350011003.1858
2026-07-072375011693.2130
2026-07-082375011693.2131
2026-07-092375011693.2132
2026-07-102375011693.2133
2026-07-112375011693.2134
2026-07-122375011693.2135
2026-07-132375011693.2136
2026-07-142375011693.2137
2026-07-152375011693.2138
2026-07-162375011693.2139
2026-07-172375011693.2140
2026-07-182375011693.2141
2026-07-191350011003.1871
2026-07-20229008603.4536
2026-07-21229008603.4537
2026-07-22229008603.4538
2026-07-23229008603.4539
2026-07-24327007903.4827
2026-07-25327007903.4828
2026-07-26327007903.4829
2026-07-27327007903.4830
2026-07-28327007903.4831
2026-07-29327007903.4832
2026-07-30327007903.4833
2026-07-31327007903.4834
2026-08-01327007903.4835
2026-08-02327007903.4836
2026-08-03229008603.4550
2026-08-04229008603.4551
2026-08-05229008603.4552
2026-08-06327007573.6935
2026-08-07327007573.6936
2026-08-08223005853.9511
2026-08-09223005853.9512
2026-08-10223005853.9513
2026-08-11223005853.9514
2026-08-12223005853.9515
2026-08-13223005853.9516
2026-08-14223005853.9517
2026-08-15223005853.9518
2026-08-16223005853.9519
2026-08-17323005734.0213
2026-08-18323005734.0214
2026-08-19323005734.0215
2026-08-20425256683.8612
2026-08-21425256683.8613
2026-08-22425256683.8614
2026-08-23323005734.0219
2026-08-24223005853.9527
2026-08-25223005853.9528
2026-08-26223005853.9529
2026-08-27223005853.9530
2026-08-28223005853.9531
2026-08-29223005853.9532
2026-08-30223005853.9533
2026-08-31223005853.9534
2026-09-01223005853.9535
2026-09-02223005853.9536
2026-09-03223005853.9537
2026-09-04223005853.9538
2026-09-05223005853.9539
2026-09-06223005853.9540
2026-09-07223005853.9541
2026-09-08223005853.9542
2026-09-09123005504.1834
2026-09-10123005504.1835
2026-09-11123005504.1836
2026-09-12123005504.1837
2026-09-13123005504.1838
2026-09-14123005504.1839
2026-09-15123005504.1840
2026-09-16123005504.1841
2026-09-17123005504.1842
2026-09-18123005504.1843
2026-09-19123005504.1844
2026-09-20123005504.1845
2026-09-21123005504.1846
2026-09-22123005504.1847
2026-09-23123005504.1848
2026-09-24123005504.1849
2026-09-25123005504.1850

12-Month Market Dynamics & Trend Trajectory

Over the trailing 12-month period, rental market metrics at Sommerset at Northtown 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)
2026-05-10131509223.4230
2026-05-170N/AN/AN/AN/A
2026-05-24123006003.8327
2026-05-310N/AN/AN/AN/A
2026-06-07227758253.558
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
2026-07-120N/AN/AN/AN/A
2026-07-190N/AN/AN/AN/A
2026-07-260N/AN/AN/AN/A
2026-08-02123006503.5410
2026-08-090N/AN/AN/AN/A
2026-08-160N/AN/AN/AN/A
2026-08-23227507503.785
2026-08-300N/AN/AN/AN/A
2026-09-06123006203.7151

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 Sommerset at Northtown with 6 tracked residential buildings in the immediate vicinity.

Grand Triomphe I71 m

10 Northtown Way, North York

Avg Asking$2,760/mo
Avg $/SF$3.46
Rent Spread:
N/A
Triomphe at Northtown II93 m

15 Northtown Way, North York

Avg Asking$2,609/mo
Avg $/SF$3.65
Rent Spread:
N/A
Grand Triomphe II122 m

500 Doris Ave, North York

Avg Asking$2,726/mo
Avg $/SF$3.47
Rent Spread:
N/A
Parkside at Northtown127 m

880 Grandview Way, North York

Avg Asking$4,050/mo
Avg $/SF$6.09
Rent Spread:
N/A
Monaco134 m

28 Byng Ave, North York

Avg Asking$2,163/mo
Avg $/SF$2.61
Rent Spread:
N/A
The Monet139 m

60 Byng Ave, North York

Avg Asking$2,390/mo
Avg $/SF$3.81
Rent Spread:
N/A

Comparable Analysis & Questions

How do rental rates at Sommerset at Northtown compare to neighbouring buildings within North York City Centre?

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

Does Sommerset at Northtown 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 Sommerset at Northtown and neighbouring options.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Sommerset at Northtown.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Indoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Games & Billiards Room
  • Party & Lounge Room
  • Meeting Room
  • Library & Reading Room
  • Car Wash Bay

Residential Buildings in the Vicinity

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Sommerset at Northtown.

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.