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Market Data as of August 31, 2026

Sonic - Tower A — Rental Market Data

2 Sonic Way, East York, Ontario M3C 0P2
Quick Rent Estimate
Active Suites5 Available
Type
Units
Avg Rent
2-Bedroom
3
$2,600
1-Bedroom
2
$1,975

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2020
Total Suites313
DeveloperLindvest Properties Limited

Sonic - Tower A at 2 Sonic Way in East York is a 313-suite residential tower completed in 2020 by Lindvest Properties Limited, currently showing five active listings against a 1.6 percent availability rate. The building closed ten leases in the past 30 days at an average of $2,163 per month with a 26-day average time on market, and eighteen leases over the trailing 90 days averaging $2,115 per month with a 36-day DOM.

Active asking rents at Sonic - Tower A average $2,350 per month at $3.90 per square foot across 620 square feet of average suite size, compared to realized 90-day lease averages of $2,115 per month and $3.82 per square foot. Current inventory skews toward larger two-bedroom layouts at 717 average square feet, whereas historical leases were anchored by one-bedroom-plus-den suites at roughly 604 square feet, meaning the higher asking rate per square foot reflects a shift toward bigger, higher-priced units rather than a pure rate increase. Against the East York submarket asking benchmark of $3.63 per square foot, Sonic - Tower A trades at a 7.4 percent premium on a per-square-foot basis.

Marketing friction at this building is moderate: delisted units sat an average of 46 days on market, twenty days longer than the 26-day closed-lease average, and asked $287 per month above realized lease pricing, signaling that overpriced listings are the primary source of friction. On the inventory side, three of the five active listings are two-bedroom units offering renters a small selection within that tier, while the two one-bedroom listings represent a limited but still multi-unit option at the entry level.

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Active Rental Inventory & Asking Rates

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

Active Units5
-4 (44.4%)
Avg Asking Rent$2,350
-$106 (4.3%)
Avg Suite Size620 sf
-59 sf (8.7%)
Avg Days on Market16d
-10d (37.2%)
Avg Asking $/SF$3.90
+$0.20 (5.4%)

Active Market Insights & Questions

How has rental availability changed at Sonic - Tower A recently?

Sonic - Tower A carries five active listings as of August 31, 2026, with asking rents ranging from $1,900 to $2,750 per month, an average of $2,350 and a median of $2,450. Average suite size across active inventory is 620 square feet at an asking rate of $3.90 per square foot. Two-bedroom units account for 60 percent of available inventory, indicating the current mix leans toward multi-bedroom executive layouts rather than compact entry-level suites.

What floor plans and unit layouts are currently available at Sonic - Tower A?

The dominant active layout at Sonic - Tower A is the two-bedroom, with three listings representing 60 percent of available inventory at an average asking rent of $2,600 per month across 717 square feet and $3.63 per square foot. One-bedroom units make up the remaining 40 percent with two listings averaging $1,975 per month over 475 square feet at $4.29 per square foot. Both tiers offer a small selection of two units each, giving renters limited but non-trivial choice within each bedroom category.

What is the average asking rent and $/SF by suite size at Sonic - Tower A?

Sonic - Tower A's active availability spans from a minimum entry rent of $1,900 per month to a peak asking rent of $2,750 per month, a dollar spread of $850 or 44.7 percent. The median asking rent sits at $2,450 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $3.45 per square foot, while the peak listing is a two-bedroom at 750 square feet asking $3.67 per square foot.

How much extra do parking spaces and dens cost at Sonic - Tower A?

Sonic - Tower A does not currently have quantified den premium data, as no active den-suite listings provide a measurable square-footage delta or marginal cost per square foot for the additional room. Verified parking at the building is priced at $150 per month for active listings, while historical leases established a parking benchmark of $283 per month, suggesting the current active rate represents a more competitive add-on for new tenants.

How do asking rents at Sonic - Tower A compare to local and municipal benchmarks?

Sonic - Tower A's active asking rent of $2,350 per month sits below the East York submarket average of $2,592 per month, yet the building's $3.90 per square foot rate carries a 7.4 percent premium over the submarket's $3.63 per square foot benchmark. The lower nominal monthly outlay is driven by more compact suite sizing at 620 average square feet compared to the larger submarket average footprint, not by cheaper unit pricing. Sonic - Tower A accounts for five of the 29 active listings in the East York submarket, representing roughly 17 percent 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 Sonic - Tower A (Data period: For the month of August 2026).

Units Leased10
Avg Leased Price$2,163
Avg Leased Size604 sf
Avg Days to Lease26d
Leased $/SF$3.96

Leased Transaction Insights & Questions

How many suites were leased at Sonic - Tower A last month, and how fast did they rent?

Sonic – Tower A at 2 Sonic Way in East York closed leases in 26 days on average over the trailing 30 days, compared to a 36-day average over 90 days and a 33-day lifetime average, all tracking near the East York submarket benchmark of 27 days. The building recorded 10 closed leases in the last 30 days, 18 over 90 days, and 26 over the full trailing year, indicating leasing turnover accelerated sharply into August after a softer July. The 30-day pace now outstrips the 90-day run rate by roughly 55%, suggesting a late-summer demand spike rather than a sustained seasonal uptick.

What is the negotiation spread between asking rents and closed lease prices at Sonic - Tower A?

Sonic – Tower A tenants negotiated an average discount of $23 per month (0.97% below asking), saving the typical renter $276 per year in landlord concessions. Only 34.6% of closed leases settled under the listed asking price, meaning the majority of transactions landed at or near the landlord's initial figure. The net negotiation spread of -$23 per month confirms tenant-favorable leverage, though the modest percentage variance signals that most units priced close to market and required only minor pushback on price to close.

What are typical executed lease prices across different layouts at Sonic - Tower A?

The two highest-volume anchor layouts at Sonic – Tower A are the 1-Bedroom + Den (8 leases, $2,197 average, 26-day DOM) and the 1-Bedroom (6 leases, $1,933 average, 28-day DOM), together accounting for nearly 54% of all closed transactions. The 2-Bedroom tier closed 5 leases at a flat $2,600 average across a 750-square-foot footprint, working out to $3.47 per square foot with a 41-day DOM. Studios also closed 5 leases at an average of $1,620 per month on 400-square-foot suites, pricing at $4.05 per square foot and sitting on market for 41 days. The 3-Bedroom+ tier represents a small sample of just 2 closed leases at $2,900 average on 950-square-foot units ($3.05 per square foot, 38-day DOM), so treat that figure as a directional indicator only rather than an established benchmark.

What measurable rent premium did suites with parking achieve in closed leases at Sonic - Tower A?

Sonic – Tower A carries a verified leased parking premium of $283 per month, meaning parking is consistently bundled into the asking rent for larger suites. Active listings at the same building show a verified parking premium of $150 per month, roughly 47% lower than the realized leased figure. The gap suggests landlords are absorbing part of the parking cost into suite pricing at lease-up, while active listings still price parking as a separate line item at a more competitive rate.

How does the lease-to-listing ratio at Sonic - Tower A reflect current tenant demand?

Sonic – Tower A rents trended downward from spring through July before rebounding sharply in August, with the average closed rent moving from $2,317 in April to $2,163 in August. April saw 3 closed deals at $2,317 average ($3.11 per square foot, 21-day DOM). May closed 5 deals at $2,210 average ($3.57 per square foot, 31-day DOM). June recorded 5 deals at $2,130 average ($3.69 per square foot, 34-day DOM). July dropped to 3 deals at $1,933 average ($3.57 per square foot, 72-day DOM), the slowest and longest-marketing month of the period. August surged to 10 deals at $2,163 average ($3.96 per square foot, 26-day DOM), the strongest volume and fastest absorption of the tracked timeline.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Sonic - Tower A (Data period: For the month of August 2026).

Delisted Units3
Avg Asking Price$2,450
Avg Suite Size679 sf
Avg Days on Market46d
Delisted $/SF$3.67

De-Listed Market Analysis & Questions

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

Sonic – Tower A logged 3 delisted units over the trailing period—2 terminated, 1 expired, and 0 suspended—representing a delisted-to-leased ratio of 30% against 10 recent leases. That ratio signals meaningful pricing friction: for every three leases that closed, one listing was pulled from the market. The concentration of terminations over expirations suggests landlords are actively repricing or withdrawing rather than letting listings lapse passively.

How do asking prices on de-listed suites compare to executed leases and active listings at Sonic - Tower A?

Sonic – Tower A unrented units asked an average of $2,450 per month, which is $287 per month (13.3%) above the realized lease average of $2,163 per month, indicating direct overpricing relative to what tenants actually paid. The delisted rate per square foot of $3.67 sits below the 30-day realized rate of $3.96 per square foot, confirming the nominal dollar gap reflects suite-mix differences rather than a pure rate premium. Prospective tenants pushed back on the higher asking rents, and landlords ultimately conceded to close at lower realized levels.

What market friction causes rental listings to stall or de-list at Sonic - Tower A?

Sonic – Tower A delisted units sat on market for an average of 46 days, compared to 26 days for realized leases in the same 30-day window—a 20-day excess in marketing time. That 20-day vacancy carry translates to roughly $1,633 in lost rent at the $2,450 asking level, before factoring in ongoing condo maintenance fees and property taxes. The excess DOM underscores that overpriced listings at this building are not simply renting slower; they are generating a measurable carrying cost that erodes landlord yield month over month.

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
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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)
2026-04-271022606303.6918
2026-04-281022606303.6919
2026-04-291022606303.6920
2026-04-30922676283.7219
2026-05-01922676283.7220
2026-05-02922676283.7221
2026-05-03922676283.7222
2026-05-04922676283.7223
2026-05-05822636133.8025
2026-05-06922506173.7523
2026-05-07822446133.7726
2026-05-08822446133.7727
2026-05-09822446133.7728
2026-05-10822446133.7729
2026-05-111021335803.7824
2026-05-121021335803.7825
2026-05-131021335803.7826
2026-05-141020335453.8423
2026-05-151020335453.8424
2026-05-16920315613.6924
2026-05-17920315613.6925
2026-05-18920315613.6926
2026-05-19920315613.6927
2026-05-20920315613.6928
2026-05-21920315613.6929
2026-05-221020885803.6727
2026-05-231020885803.6728
2026-05-241020885803.6729
2026-05-251121345953.6527
2026-05-261121345953.6528
2026-05-271021385903.6929
2026-05-281021385903.6930
2026-05-29921365833.7431
2026-05-30921365833.7432
2026-05-31921365833.7433
2026-06-01820785623.7731
2026-06-02820785623.7732
2026-06-03820785623.7733
2026-06-04720825643.7828
2026-06-05720825643.7829
2026-06-06720825643.7830
2026-06-07822096123.7127
2026-06-08822096123.7128
2026-06-09922146153.6926
2026-06-101022536293.6724
2026-06-11922146153.6926
2026-06-12822916423.6527
2026-06-13822916423.6528
2026-06-14822916423.6529
2026-06-15822916423.6530
2026-06-16822916423.6531
2026-06-17822916423.6532
2026-06-18822916423.6533
2026-06-19822916423.6534
2026-06-20723756763.5729
2026-06-21723756763.5730
2026-06-22723756763.5731
2026-06-23723756763.5732
2026-06-24723756763.5733
2026-06-25623966833.5738
2026-06-26523556693.6040
2026-06-27523556693.6041
2026-06-28523556693.6042
2026-06-29523556693.6043
2026-06-30523556693.6044
2026-07-01523556693.6045
2026-07-02523556693.6046
2026-07-03624136893.5739
2026-07-04624136893.5740
2026-07-05624136893.5741
2026-07-06525657273.6139
2026-07-07525657273.6140
2026-07-08625717313.5934
2026-07-09725397203.5930
2026-07-10725397203.5931
2026-07-11725397203.5932
2026-07-12625137153.5924
2026-07-13824286783.6619
2026-07-14923866513.7718
2026-07-15923866513.7719
2026-07-16923866513.7720
2026-07-17923866513.7721
2026-07-18923866513.7722
2026-07-19923866513.7723
2026-07-20923866513.7724
2026-07-21923866513.7725
2026-07-22824696833.7120
2026-07-23824696833.7121
2026-07-24824696833.7122
2026-07-25824696833.7123
2026-07-26824696833.7124
2026-07-27924566793.7022
2026-07-28924566793.7023
2026-07-29924566793.7024
2026-07-30924566793.7025
2026-07-31924566793.7026
2026-08-01924566793.7027
2026-08-02924566793.7028
2026-08-03924566793.7029
2026-08-04824256663.7330
2026-08-05824256533.8628
2026-08-06724006393.9129
2026-08-07724006393.9130
2026-08-08823136093.9627
2026-08-09823136093.9628
2026-08-10723146054.0129
2026-08-11523606303.9430
2026-08-12622836173.8626
2026-08-13722215863.9723
2026-08-14922225833.9617
2026-08-15922225833.9618
2026-08-16922225833.9619
2026-08-17922225833.9620
2026-08-18922225833.9621
2026-08-19821135384.0415
2026-08-20920615224.0515
2026-08-21920615224.0516
2026-08-22920615224.0517
2026-08-23920615224.0518
2026-08-24920615224.0519
2026-08-25821135384.0421
2026-08-26721505573.9624
2026-08-27523506203.9028
2026-08-28623926423.8224
2026-08-29623926423.8225
2026-08-30623926423.8226
2026-08-31523506203.9016

12-Month Market Dynamics & Trend Trajectory

Sonic – Tower A has closed 26 leases over its tracked lifetime since registration in November 2020, averaging $2,157 per month on 604-square-foot suites at $3.69 per square foot with a 33-day average DOM. The building sits in East York's M3C 0P2 postal code, where the submarket average lease rent is $2,473 and the submarket DOM benchmark is 27 days, placing Sonic – Tower A's realized rents roughly 12.5% below the local norm while its marketing velocity tracks in line. Tenant turnover has been steady, with the full 26-lease volume distributed across a single trailing year, indicating consistent but moderate leasing activity rather than a burst of initial absorption. On pricing discipline, 34.6% of closed leases settled below the listed asking price, producing a net tenant discount of $23 per month (0.97%) and $276 in annualized savings per unit. The negotiation direction is firmly tenant-favorable, with landlords conceding modestly to close deals rather than holding firm on asking. The remaining 65.4% of transactions landed at or near asking, suggesting that while tenants do have leverage, the building's pricing is broadly competitive and does not require deep concessions to lease.

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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)
2026-05-03123007503.0722
2026-05-10222755754.1736
2026-05-170N/AN/AN/AN/A
2026-05-24221006503.2330
2026-05-310N/AN/AN/AN/A
2026-06-07221005753.7325
2026-06-14116004004.0072
2026-06-21224256953.4924
2026-06-280N/AN/AN/AN/A
2026-07-05116004953.2356
2026-07-12126007503.4788
2026-07-19116004004.0072
2026-07-260N/AN/AN/AN/A
2026-08-02126007503.4729
2026-08-09422565943.8827
2026-08-16130009503.1673
2026-08-23417504004.3813

Nearby Building Rental Comparables & Price Spreads

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

Sonic – Tower A at 2 Sonic Way sits in a tight competitive cluster in East York, with SuperSonic – Sonic Tower B (6 Sonic Way) just 0.05 km away and Tribeca (797 Don Mills Rd) a further 0.09 km, both completed in the same 2020 build-out era as the subject. The two Palisades towers on Wynford Drive (215 and 205 Wynford Dr) round out the set at 0.87 km and 0.95 km respectively, representing a 1990-era generation that predates the subject by three decades. Over the trailing 180 days, SuperSonic recorded 28 closed lease transactions and Tribeca logged 3, while neither Palisades tower closed a single lease in the same window, underscoring how transactional activity is concentrated in the newer Sonic pair. Across the four comparables, the blended average lease rent lands at $2,517 per month with an average rate of $3.12 per square foot and a mean suite size of 844 square feet. Sonic – Tower A's all-time leased average of $2,157 per month on 604 square feet places it well below the comp rent benchmark yet at a higher per-square-foot rate, reflecting the subject's compact footprint relative to the larger Tribeca and SuperSonic suites. For a building completed in 2020, the value proposition is modern finishes and a dense amenity stack delivered in a smaller, more efficient floor plate than the 1990-vintage Palisades or the slightly larger 2020 SuperSonic units.

6 Sonic Way, East York

Avg Asking$2,447/mo
Avg $/SF$3.49
Rent Spread:
+$97/mo (+4.1%) Higher

797 Don Mills Rd, East York

Avg Asking$2,710/mo
Avg $/SF$2.62
Rent Spread:
+$360/mo (+15.3%) Higher

15 David Salomon Drive, East York

Avg Asking$2,600/mo
Avg $/SF$3.40
Rent Spread:
+$250/mo (+10.6%) Higher

5 Quarrington Lane, North York

Avg Asking$2,182/mo
Avg $/SF$3.59
Rent Spread:
-$168/mo (-7.1%) Lower

1 Quarrington Lane, North York

Avg Asking$2,357/mo
Avg $/SF$3.35
Rent Spread:
+$7/mo (+0.3%) Higher

1 Kyle Lowry Road, North York

Avg Asking$2,221/mo
Avg $/SF$3.38
Rent Spread:
-$129/mo (-5.5%) Lower

Comparable Analysis & Questions

How do rental rates at Sonic - Tower A compare to neighbouring buildings within East York?

Sonic – Tower A's all-time average lease rent of $2,157 per month sits $360 below the four-comp average of $2,517, a gap driven primarily by the subject's smaller suite sizes rather than a weaker rate per square foot. SuperSonic – Sonic Tower B at 6 Sonic Way leases at an average of $2,384 per month on 689 square feet ($3.52 per square foot), while Tribeca at 797 Don Mills Rd commands $2,650 per month on 999 square feet ($2.71 per square foot). The two Palisades towers on Wynford Drive have no closed lease data in the trailing 180 days, so their rent benchmarks remain unverified, leaving SuperSonic and Tribeca as the only active pricing references in this micro-market.

Does Sonic - Tower A offer a competitive price-per-square-foot ($/SF) against local comparables?

At $3.69 per square foot on an average 604-square-foot suite, Sonic – Tower A trades at a premium over both nearby competitors with verified lease data while offering materially less interior space than either. SuperSonic – Sonic Tower B provides 85 more square feet (689 sq ft) at $3.52 per square foot, meaning a renter there gains roughly 12% more living area for a lower per-foot rate. Tribeca at 797 Don Mills Rd stretches to 999 square feet at just $2.71 per square foot, delivering 65% more space than the subject at a 26% lower rate per foot. The trade-off is clear: Sonic – Tower A renters accept a compact, efficient footprint in exchange for a 2020-built building with a denser amenity package, while those prioritizing raw square footage and a lower per-foot cost gravitate toward the larger Tribeca or SuperSonic suites.

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

Sonic – Tower A's 14-amenity stack punches above its compact suite sizes, offering a lifestyle package that outperforms both the minimal Tribeca offering and the sport-focused Palisades towers. Where Tribeca at 797 Don Mills Rd provides only six amenities and no outdoor recreation, the subject adds a dedicated Music Room, a Media & Theatre Room, a Yoga Studio, and a Pet Wash Station—features absent from that older building entirely. Against the Palisades towers, which lean on an indoor pool, hot tub, squash court, and tennis/pickleball court, Sonic – Tower A differentiates with its Rooftop Terrace, BBQ Area, Garden & Courtyard, and a dedicated Hobby Room that the 1990-era competitors do not offer. SuperSonic – Sonic Tower B matches most of the subject's indoor amenities but distinguishes itself with Private Cabanas, a Children's Playground, and a Dog Run; in return, the subject's Music Room and Media & Theatre Room give it a creative and entertainment edge. This package is best suited to young professionals and small households who prioritize a walkable, amenity-rich urban lifestyle over maximum interior square footage.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Sonic - Tower A.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Sauna & Steam Room
  • Hobby Room
  • Music Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • BBQ Area
  • Rooftop Terrace
  • Pet Wash Station
  • Garden & Courtyard

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Sonic - Tower 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.