Skip to Content

Market Data as of August 31, 2026

Platinum XO — Rental Market Data

18 Spring Garden Ave, North York, Ontario M2N 7M2
Quick Rent Estimate
Active Suites2 Available
Type
Units
Avg Rent
2-Bedroom
1
$3,250
2-Bedroom + Den
1
$3,300

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2009
Total Suites341
DeveloperConservatory Group

Platinum XO at 18 Spring Garden Ave in North York City Centre is a 341-suite residential tower completed in 2009 by Conservatory Group. As of August 31, 2026, the building carries just two active listings, representing a 0.6 percent availability rate. Leasing activity remains modest: one lease closed in the past 30 days at an average of $3,000 per month with a 15-day marketing period, while five leases signed over the trailing 90 days averaged $2,880 per month and 19 days on market.

Active asking rents at Platinum XO average $3,275 per month at $3.42 per square foot across 975 square feet of average suite size, compared to realized 90-day lease averages of $2,880 per month and $3.39 per square foot. The current inventory skews toward larger footprints relative to historical leases, which averaged 893 square feet, meaning the higher asking rent reflects expanded suite dimensions rather than elevated unit pricing. Against the North York City Centre submarket asking benchmark of $3.84 per square foot, Platinum XO trades at a 10.9 percent discount on a per-square-foot basis, offering more competitive density pricing despite the higher monthly outlay.

Marketing friction at this building is minimal: zero units were delisted in the tracking window, and the single 30-day lease closed at a 15-day DOM versus the 19-day 90-day average. Negotiation data shows tenants secured an average discount of $50 per month, or 1.8 percent below asking, with 42.9 percent of leases closing under the initial ask, translating to roughly $600 in annual savings. Active inventory is split evenly between one standard two-bedroom unit at 1,100 square feet and one two-bedroom-plus-den layout at 850 square feet, meaning renters face single-unit scarcity in both tiers with no multi-option depth to compare.

Get Monthly Rental Market Updates for Platinum XO

Stay ahead of pricing shifts. Monthly summary of closed lease contracts, active asking rates, and available inventory direct to your inbox.

Strictly monthly updates. One-click unsubscribe at any time.

Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Platinum XO as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units2
+1 (100.0%)
Avg Asking Rent$3,275
-$25 (0.8%)
Avg Suite Size975 sf
+125 sf (14.7%)
Avg Days on Market19d
+13d (208.3%)
Avg Asking $/SF$3.42
-$0.46 (11.9%)

Active Market Insights & Questions

How has rental availability changed at Platinum XO recently?

Platinum XO carries two active listings as of August 31, 2026, with asking rents ranging from $3,250 to $3,300 per month, an average of $3,275 and a median of $3,275. The two available suites average 975 square feet at a combined asking rate of $3.42 per square foot. Inventory is evenly split between a 1,100-square-foot two-bedroom and an 850-square-foot two-bedroom-plus-den, placing the current availability squarely in the multi-bedroom executive tier rather than compact entry-level stock.

What floor plans and unit layouts are currently available at Platinum XO?

The dominant active layout at Platinum XO is the two-bedroom, holding one of two listings at a 50 percent inventory share with an average asking rent of $3,250 per month across 1,100 square feet at $2.95 per square foot. The remaining 50 percent is a two-bedroom-plus-den unit asking $3,300 per month over 850 square feet at $3.88 per square foot. Both tiers represent single-listing samples, so pricing reflects individual deal positioning rather than a broader market signal.

What is the average asking rent and $/SF by suite size at Platinum XO?

Platinum XO's two active listings span a $50 spread, or 1.5 percent, from a minimum entry rent of $3,250 to a peak asking rent of $3,300 per month. The entry-level suite is a 1,100-square-foot two-bedroom priced at $2.95 per square foot, while the peak listing is an 850-square-foot two-bedroom-plus-den at $3.88 per square foot. The median asking rent sits at $3,275, confirming that the narrow spread reflects a single price band rather than a wide range of unit types.

How much extra do parking spaces and dens cost at Platinum XO?

Platinum XO does not currently have a quantified den premium or square-footage delta between its two active listings, as the den unit and standard two-bedroom differ in both size and configuration, making a clean marginal cost calculation impossible. Parking premium data is inconclusive for both active and historical leases, with insufficient paired samples to isolate a reliable monthly add-on cost for a parking stall at this building.

How do asking rents at Platinum XO compare to local and municipal benchmarks?

Platinum XO's active asking rent of $3,275 per month exceeds the North York City Centre submarket average of $2,753 per month, yet the building's $3.42 per square foot rate sits 10.9 percent below the submarket asking benchmark of $3.84 per square foot. The higher nominal rent is driven by larger suite footprints averaging 975 square feet compared to the submarket's implied smaller unit sizes, not by a premium on unit pricing. Platinum XO represents two of the 216 active listings across the North York City Centre submarket, a 0.9 percent share of total available inventory.

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 Platinum XO (Data period: For the month of August 2026).

Units Leased1
Avg Leased Price$3,000
Avg Leased Size893 sf
Avg Days to Lease15d
Leased $/SF$3.53

Leased Transaction Insights & Questions

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

Platinum XO at 18 Spring Garden Ave closed one lease in the trailing 30 days with a 15-day DOM, five leases over 90 days at a 19-day average DOM, and seven leases over its full lifetime at a 28-day average DOM. The North York City Centre submarket benchmark sits at 25 days on market, so Platinum XO's recent 30-day velocity is running ahead of the broader area. Leasing turnover accelerated sharply from the 90-day window (19 days) into the 30-day window (15 days), suggesting landlords are moving faster to fill suites as summer demand firms up.

What is the negotiation spread between asking rents and closed lease prices at Platinum XO?

Platinum XO tenants negotiated an average discount of $50 per month, or 1.8% below asking, translating to $600 in annual savings per lease. This is a clear tenant-favorable outcome where landlords conceded on price to close deals. 42.9% of all seven lifetime leases closed under the original asking rate, confirming that prospective renters at this building consistently push back on sticker price and landlords routinely meet them partway.

What are typical executed lease prices across different layouts at Platinum XO?

The two highest-volume anchor layouts at Platinum XO are the 2-Bedroom + Den (four leases, $3,088 average, 32-day DOM) and the 1-Bedroom (one lease, $2,600, 28-day DOM). The 2-Bedroom + Den tier is a small sample of four closed leases and should be treated as a directional reference only. Average rent sits at $3,088 per month with a median of $3,075, a P25-P75 range of $3,038 to $3,125, an average suite size of 938 square feet, a rate of $3.32 per square foot, and a 32-day DOM. The 1-Bedroom tier represents an individual single transaction, not a broad statistical benchmark. That one lease closed at $2,600 per month for a 650-square-foot suite at $4.00 per square foot with a 28-day DOM. The 1-Bedroom + Den is also an individual single deal. It closed at $2,350 per month for 750 square feet at $3.13 per square foot with a 38-day DOM. The 2-Bedroom tier is likewise a single transaction. It closed at $3,350 per month for 1,100 square feet at $3.05 per square foot with just a 5-day DOM.

What measurable rent premium did suites with parking achieve in closed leases at Platinum XO?

Platinum XO does not have sufficient paired lease data to isolate a reliable parking premium, so no dollar figure can be quoted. Active listings at the building also show an unreliable or insufficient sample for parking pricing, meaning the market has not yet established a clear standalone parking rate. Tenants should expect parking to be bundled into suite rents or negotiated case-by-case rather than offered as a transparent add-on.

How does the lease-to-listing ratio at Platinum XO reflect current tenant demand?

Platinum XO rents trended from a May peak of $3,125 down to a July low of $2,350 before recovering to $3,000 in August, reflecting a mid-summer dip followed by a late-summer rebound. In May, two leases closed at an average of $3,125 per month, $3.25 per square foot, with a 51-day DOM. In June, three leases closed at $3,017 per month, $3.44 per square foot, with a 15-day DOM. In July, one lease closed at $2,350 per month, $3.13 per square foot, with a 38-day DOM. In August, one lease closed at $3,000 per month, $3.53 per square foot, with a 15-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
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)
2026-04-27231509753.2832
2026-04-28231509753.2833
2026-04-29231509753.2834
2026-04-30231509753.2835
2026-05-01231509753.2836
2026-05-02231509753.2837
2026-05-03231509753.2838
2026-05-04231509753.2839
2026-05-05231509753.2840
2026-05-06231509753.2841
2026-05-07231509753.2842
2026-05-08231509753.2843
2026-05-09231509753.2844
2026-05-10231509753.2845
2026-05-11231509753.2846
2026-05-121320011002.9124
2026-05-131320011002.9125
2026-05-141320011002.9126
2026-05-151320011002.9127
2026-05-161320011002.9128
2026-05-171320011002.9129
2026-05-181320011002.9130
2026-05-191320011002.9131
2026-05-27126006504.00N/A
2026-05-28225757003.701
2026-05-29225757003.702
2026-05-30225757003.703
2026-05-31225757003.704
2026-06-01327837833.593
2026-06-02327837833.594
2026-06-03327837833.595
2026-06-04429258633.455
2026-06-05429258633.456
2026-06-06429258633.457
2026-06-07429258633.458
2026-06-08429258633.459
2026-06-09327837833.5911
2026-06-10327837833.5912
2026-06-11327837833.5913
2026-06-12225757003.7016
2026-06-13225757003.7017
2026-06-14225757003.7018
2026-06-15225757003.7019
2026-06-16225757003.7020
2026-06-17225757003.7021
2026-06-18225757003.7022
2026-06-19225757003.7023
2026-06-20225757003.7024
2026-06-21225757003.7025
2026-06-22225757003.7026
2026-06-23225757003.7027
2026-06-24125507503.4027
2026-06-25125507503.4028
2026-06-26125507503.4029
2026-06-27125507503.4030
2026-06-28125507503.4031
2026-06-29125507503.4032
2026-06-30125507503.4033
2026-07-01125507503.4034
2026-07-02125507503.4035
2026-07-03125507503.4036
2026-07-04125507503.4037
2026-07-25133008503.88N/A
2026-07-26133008503.881
2026-07-27133008503.882
2026-07-28133008503.883
2026-07-29133008503.884
2026-07-30133008503.885
2026-07-31133008503.886
2026-08-01133008503.887
2026-08-02133008503.888
2026-08-03133008503.889
2026-08-04133008503.8810
2026-08-05133008503.8811
2026-08-06231508503.716
2026-08-07231508503.717
2026-08-08231508503.718
2026-08-09231508503.719
2026-08-10231508503.7110
2026-08-11231508503.7111
2026-08-12231508503.7112
2026-08-13231508503.7113
2026-08-14231508503.7114
2026-08-15231508503.7115
2026-08-16231508503.7116
2026-08-17231508503.7117
2026-08-18231508503.7118
2026-08-19231508503.7119
2026-08-20231508503.7120
2026-08-21133008503.8827
2026-08-22133008503.8828
2026-08-23133008503.8829
2026-08-24133008503.8830
2026-08-25133008503.8831
2026-08-26133008503.8832
2026-08-27133008503.8833
2026-08-28133008503.8834
2026-08-29133008503.8835
2026-08-30133008503.8836
2026-08-31232759753.4219

12-Month Market Dynamics & Trend Trajectory

Platinum XO has closed seven leases over its lifetime at an average rent of $2,950 per month and $3.35 per square foot, with an average suite size of 893 square feet and a lifetime DOM of 28 days. The building sits in the North York City Centre submarket where the average lease rent is $2,640 and the average rate is $3.75 per square foot, meaning Platinum XO's realized pricing runs about 9.6% below the submarket per-square-foot benchmark while commanding a higher absolute dollar rent due to larger suite footprints. On pricing discipline, 42.9% of all seven leases closed below the original asking rate, with tenants securing an average discount of $50 per month (1.8%) that translates to $600 in annual savings. This is a tenant-favorable negotiation pattern where landlords at Platinum XO consistently concede on price rather than hold firm, giving prospective renters meaningful leverage at the table.

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)
2026-05-10130508503.5969
2026-05-171320011002.9132
2026-05-240N/AN/AN/AN/A
2026-05-310N/AN/AN/AN/A
2026-06-072322510253.158
2026-06-140N/AN/AN/AN/A
2026-06-21126006504.0028
2026-06-280N/AN/AN/AN/A
2026-07-05123507503.1338
2026-07-120N/AN/AN/AN/A
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
2026-08-16130008503.5315

Nearby Building Rental Comparables & Price Spreads

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

Platinum XO at 18 Spring Garden Ave sits in a tight competitive cluster of four nearby buildings within 110 metres, spanning three distinct construction eras. The closest competitor, Platinum Towers I at 23 Hollywood Ave (70 m, completed 2005), recorded 14 closed leases over the trailing 180 days. Pearl Place at 4955 Yonge St (80 m, completed 2025) logged the highest transaction volume at 27 closed leases in the same window. Rodeo Walk at 30 Greenfield Ave (100 m, completed 1990) closed 8 leases, while Pearl Condominiums at 35 Hollywood Ave (110 m, completed 2011) recorded 11. The spread in building age—from Rodeo Walk's 1990 construction to Pearl Place's 2025 delivery—creates a clear generational divide in unit design, mechanical systems, and amenity programming across this micro-market. Against the four-building comp set, Platinum XO's all-time average lease rent of $2,950 per month and $3.35 per square foot position it below the overall comp averages of $2,904 and $3.58 per square foot respectively, while its 893-square-foot average suite exceeds the comp mean of 847 square feet. The building's 2009 completion places it a generation ahead of Rodeo Walk yet a full decade behind Pearl Place, giving tenants a balance of modern systems and established community without paying the newest-construction premium that Pearl Place commands at $4.13 per square foot.

23 Hollywood Ave, North York

Avg Asking$2,831/mo
Avg $/SF$3.48
Rent Spread:
-$444/mo (-13.5%) Lower

4955 Yonge St, North York

Avg Asking$2,624/mo
Avg $/SF$4.08
Rent Spread:
-$651/mo (-19.9%) Lower

30 Greenfield Ave, North York

Avg Asking$3,394/mo
Avg $/SF$3.07
Rent Spread:
+$119/mo (+3.6%) Higher

35 Hollywood Ave, North York

Avg Asking$2,902/mo
Avg $/SF$3.79
Rent Spread:
-$373/mo (-11.4%) Lower

65 Spring Garden Ave, North York

Avg Asking$4,500/mo
Avg $/SF$2.37
Rent Spread:
+$1,225/mo (+37.4%) Higher

4968 Yonge St, North York

Avg Asking$2,492/mo
Avg $/SF$3.72
Rent Spread:
-$783/mo (-23.9%) Lower

Comparable Analysis & Questions

How do rental rates at Platinum XO compare to neighbouring buildings within North York City Centre?

Platinum XO's average lease rent of $2,950 per month sits $46 below the four-building comp average of $2,904, though it trails the submarket-wide benchmark of $2,640 by a meaningful margin. Platinum Towers I at 23 Hollywood Ave leases at $2,773 per month ($3.51 per square foot, 811 sq ft), Pearl Place at 4955 Yonge St at $2,543 ($4.13 per square foot, 628 sq ft), Rodeo Walk at 30 Greenfield Ave at $3,369 ($3.04 per square foot, 1,139 sq ft), and Pearl Condominiums at 35 Hollywood Ave at $2,930 ($3.65 per square foot, 808 sq ft). Platinum XO's rent therefore falls between the two most directly comparable mid-size buildings—slightly above Pearl Condominiums and Platinum Towers I, yet well below Rodeo Walk's larger-suite premium.

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

Platinum XO leases at $3.35 per square foot for an average 893-square-foot suite, a rate that undercuts three of its four nearest competitors on a per-square-foot basis while delivering more interior space than three of them. Compared with Platinum Towers I (811 sq ft at $3.51/sq ft), tenants gain 82 additional square feet at a $0.16 per square foot discount. Against Pearl Place (628 sq ft at $4.13/sq ft), the subject offers 265 more square feet at a $0.78 per square foot saving. Versus Pearl Condominiums (808 sq ft at $3.65/sq ft), the subject provides 85 extra square feet at a $0.30 per square foot lower rate. The one exception is Rodeo Walk, where the subject's 893-square-foot average is 246 square feet smaller than Rodeo Walk's 1,139-square-foot suites and trades at a $0.31 per square foot premium—meaning renters who prioritise maximum floor area over per-foot efficiency will find Rodeo Walk the better fit, while those seeking a tighter, more efficient footprint at a competitive rate will favour Platinum XO.

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

Platinum XO's amenity suite distinguishes itself in this cluster through a wellness-and-recreation focus that several nearby competitors do not match. The building's dedicated Yoga Studio is absent from all four comparables—Platinum Towers I, Pearl Place, Rodeo Walk, and Pearl Condominiums each offer a gym but none provide a purpose-built yoga space. The Bowling Alley at Platinum XO is shared only with Platinum Towers I and is missing from Pearl Place, Rodeo Walk, and Pearl Condominiums. The Games & Billiards Room and Media & Theatre Room are both absent from Rodeo Walk's amenity list, which instead leans on a Squash & Racquetball Court and Garden & Courtyard. Conversely, Platinum XO does not offer the Hot Tub & Jacuzzi found at all four competitors, the Rooftop Terrace and BBQ Area at Pearl Place, or the Business Centre at Pearl Condominiums. This package best serves young professionals and active households in their late twenties to mid-thirties who prioritise on-site fitness variety, social recreation, and a walkable North York City Centre location over resort-style outdoor amenities.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Platinum XO.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Indoor Pool
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Library & Reading Room
  • Yoga Studio
  • Bowling Alley

Data Methodology & Analytical Standards

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

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.