Market Data as of August 31, 2026
Neptune 2 at Water Park City — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Neptune 2 at Water Park City is a residential building located at 209 Fort York Blvd within the CityPlace / Fort York neighborhood of Toronto, developed by H & R Developments & Lifetime Developments & Lanterra Dev. in 2011 with a total suite count of 380 units. The property records 6 active listings yielding an availability rate of 1.6%. Over the past 90 days, the building closed 2 transactions with an average days on market of 8 days, matching the 30-day closed count of 2 transactions and average days on market of 8 days.
Active asking rents average $2,046 per month at $4.47 per square foot across an average area of 467 square feet, whereas realized 90-day leases averaged $2,425 per month at $3.75 per square foot across 567 square feet. Current active listings skew toward more compact suite footprints compared to historical leases, while the active asking rate of $4.47 per square foot sits below the submarket asking benchmark of $4.58 per square foot.
Marketing friction remains exceptionally low with zero delisted units recorded and an average closed duration of 8 days, while 50.0% of recent leases closed at a tenant-favorable discount averaging $19 per month below asking. Prospective tenants will find that Studio layouts offer deep selection holding 66.7% of current inventory, whereas 1-Bedroom and 1-Bedroom + Den tiers each represent single-listing availability.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Neptune 2 at Water Park City as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Neptune 2 at Water Park City recently?
Neptune 2 at Water Park City features 6 active listings as of August 31, 2026, offering a price range of $1,800 to $2,550 per month, an average rent of $2,046 per month, and a median rent of $1,962 per month. Average square footage stands at 467 square feet with an asking rate of $4.47 per square foot. Studio layouts dominate active inventory with a 66.7% share, reflecting a market lean toward compact entry-level suites rather than multi-bedroom executive layouts.
What floor plans and unit layouts are currently available at Neptune 2 at Water Park City?
Neptune 2 at Water Park City features Studio layouts as the dominant active layout with 4 listings representing 66.7% of total active inventory. Studio suites average $1,906 per month at $4.77 per square foot across an average area of 400 square feet. The 1-Bedroom tier provides 1 listing representing a 16.7% share, averaging $2,100 per month at $3.82 per square foot across 550 square feet, while the 1-Bedroom + Den tier accounts for 1 listing at 16.7% share, averaging $2,550 per month at $3.92 per square foot across 650 square feet.
What is the average asking rent and $/SF by suite size at Neptune 2 at Water Park City?
Neptune 2 at Water Park City displays a minimum entry rent of $1,800 per month and a peak asking rent of $2,550 per month, creating a dollar spread of $750 and a percentage spread of 41.7%. The median asking rent sits at $1,962 per month. The entry-level suite consists of a Studio layout asking $1,800 per month at $4.50 per square foot across 400 square feet, contrasted against the peak suite comprising a 1-Bedroom + Den layout asking $2,550 per month at $3.92 per square foot across 650 square feet.
How much extra do parking spaces and dens cost at Neptune 2 at Water Park City?
Neptune 2 at Water Park City commands an active den premium of $450 per month for an additional 100 square feet of space. The marginal cost for this extra den space calculates to $4.50 per square foot, while active parking premium data is inconclusive due to an insufficient sample size or anomalous outliers.
How do asking rents at Neptune 2 at Water Park City compare to local and municipal benchmarks?
Neptune 2 at Water Park City asks an average monthly rent of $2,046 at $4.47 per square foot, comparing against the broader CityPlace / Fort York submarket asking benchmark of $3,101 per month and $4.58 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing, with the building's asking rate per square foot sitting 2.4% below the submarket average while representing 4.0% of total submarket active 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 Neptune 2 at Water Park City (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Neptune 2 at Water Park City last month, and how fast did they rent?
At Neptune 2 at Water Park City, 30-day leasing velocity recorded 2 closed transactions with an average days on market of 8 days, matching the 90-day benchmark of 2 closed deals and 8 days on market, compared to the submarket benchmark of 20 days on market. Leasing turnover accelerated over the summer months, rising from 1 closed lease in April and 5 in May to 2 closed leases in August, reflecting strong seasonal demand in the CityPlace / Fort York submarket.
What is the negotiation spread between asking rents and closed lease prices at Neptune 2 at Water Park City?
At Neptune 2 at Water Park City, tenants secured an average discount of $19 per month, representing a 0.89% concession below asking and annual tenant savings of $228 per year. Exactly 50.0% of leases closed under asking price, highlighting clear tenant-favorable pricing leverage across the building.
What are typical executed lease prices across different layouts at Neptune 2 at Water Park City?
The two highest-volume anchor layouts at Neptune 2 at Water Park City were 1-Bedroom suites averaging $2,160 per month across 23 days on market, and 1-Bedroom + Den suites averaging $2,650 per month across 12 days on market. For 1-Bedroom units, the moderate sample of 5 closed leases posted an average rent of $2,160 per month, a median rent of $2,150 per month, a P25-P75 range of $2,150 to $2,200 per month, an average size of 550 square feet, and $3.93 per square foot. The single 1-Bedroom + Den transaction represented an individual single deal with an average rent of $2,650 per month, a median rent of $2,650 per month, a P25-P75 range of $2,650 to $2,650 per month, an average size of 650 square feet, and $4.08 per square foot (note that this represents an individual transaction rather than a broad statistical benchmark). The single 2-Bedroom transaction represented an individual single deal averaging $2,700 per month, with a median of $2,700 per month, a P25-P75 range of $2,700 to $2,700 per month, an average size of 750 square feet, $3.60 per square foot, and 2 days on market (note that this represents an individual transaction rather than a broad statistical benchmark). The single Studio transaction represented an individual single deal averaging $1,800 per month, with a median of $1,800 per month, a P25-P75 range of $1,800 to $1,800 per month, an average size of 385 square feet, $4.68 per square foot, and 70 days on market (note that this represents an individual transaction rather than a broad statistical benchmark).
What measurable rent premium did suites with parking achieve in closed leases at Neptune 2 at Water Park City?
At Neptune 2 at Water Park City, paired parking data was insufficient to isolate a distinct monthly parking premium, leaving separate line-item values inconclusive. Parking stalls were likely bundled directly into larger floor plan lease agreements without standalone pricing. Active asking data similarly lacked reliable paired samples to establish isolated parking rates.
How does the lease-to-listing ratio at Neptune 2 at Water Park City reflect current tenant demand?
At Neptune 2 at Water Park City, overall rent trajectories exhibited steady upward movement from spring into late summer. April recorded 1 closed deal averaging $2,150 per month at $3.91 per square foot across 18 days on market. May expanded to 5 closed deals averaging $2,190 per month at $4.11 per square foot across 33 days on market. August closed out the tracked period with 2 deals averaging $2,425 per month at $3.75 per square foot across 8 days on market.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 4 | 2100 | 509 | 4.17 | 27 |
| 2026-04-28 | 3 | 2067 | 495 | 4.23 | 31 |
| 2026-04-29 | 3 | 2067 | 495 | 4.23 | 32 |
| 2026-04-30 | 4 | 2100 | 509 | 4.17 | 25 |
| 2026-05-01 | 4 | 2100 | 509 | 4.17 | 26 |
| 2026-05-02 | 4 | 2100 | 509 | 4.17 | 27 |
| 2026-05-03 | 4 | 2100 | 509 | 4.17 | 28 |
| 2026-05-04 | 4 | 2100 | 509 | 4.17 | 29 |
| 2026-05-05 | 4 | 2100 | 509 | 4.17 | 30 |
| 2026-05-06 | 3 | 2067 | 495 | 4.23 | 39 |
| 2026-05-07 | 3 | 2067 | 495 | 4.23 | 40 |
| 2026-05-08 | 2 | 2200 | 550 | 4.00 | 27 |
| 2026-05-09 | 2 | 2200 | 550 | 4.00 | 28 |
| 2026-05-10 | 2 | 2200 | 550 | 4.00 | 29 |
| 2026-05-11 | 4 | 2363 | 575 | 4.11 | 15 |
| 2026-05-12 | 4 | 2363 | 575 | 4.11 | 16 |
| 2026-05-13 | 4 | 2363 | 575 | 4.11 | 17 |
| 2026-05-14 | 4 | 2363 | 575 | 4.11 | 18 |
| 2026-05-15 | 4 | 2363 | 575 | 4.11 | 19 |
| 2026-05-16 | 4 | 2363 | 575 | 4.11 | 20 |
| 2026-05-17 | 3 | 2417 | 583 | 4.14 | 17 |
| 2026-05-18 | 3 | 2417 | 583 | 4.14 | 18 |
| 2026-05-19 | 2 | 2450 | 600 | 4.08 | 25 |
| 2026-05-20 | 2 | 2450 | 600 | 4.08 | 26 |
| 2026-05-21 | 2 | 2450 | 600 | 4.08 | 27 |
| 2026-05-22 | 2 | 2450 | 600 | 4.08 | 28 |
| 2026-05-23 | 1 | 2200 | 550 | 4.00 | 46 |
| 2026-05-24 | 1 | 2200 | 550 | 4.00 | 47 |
| 2026-06-01 | 1 | 1800 | 400 | 4.50 | N/A |
| 2026-06-02 | 1 | 1800 | 400 | 4.50 | 1 |
| 2026-06-03 | 1 | 1800 | 400 | 4.50 | 2 |
| 2026-06-04 | 1 | 1800 | 400 | 4.50 | 3 |
| 2026-06-05 | 1 | 1800 | 400 | 4.50 | 4 |
| 2026-06-06 | 1 | 1800 | 400 | 4.50 | 5 |
| 2026-06-07 | 1 | 1800 | 400 | 4.50 | 6 |
| 2026-06-08 | 1 | 1800 | 400 | 4.50 | 7 |
| 2026-06-09 | 1 | 1800 | 400 | 4.50 | 8 |
| 2026-06-10 | 1 | 1800 | 400 | 4.50 | 9 |
| 2026-06-11 | 1 | 1800 | 400 | 4.50 | 10 |
| 2026-06-12 | 1 | 1800 | 400 | 4.50 | 11 |
| 2026-06-13 | 1 | 1800 | 400 | 4.50 | 12 |
| 2026-06-14 | 1 | 1800 | 400 | 4.50 | 13 |
| 2026-06-15 | 1 | 1800 | 400 | 4.50 | 14 |
| 2026-06-16 | 1 | 1800 | 400 | 4.50 | 15 |
| 2026-06-17 | 1 | 1800 | 400 | 4.50 | 16 |
| 2026-06-18 | 1 | 1800 | 400 | 4.50 | 17 |
| 2026-06-19 | 1 | 1800 | 400 | 4.50 | 18 |
| 2026-06-20 | 1 | 1800 | 400 | 4.50 | 19 |
| 2026-06-21 | 1 | 1800 | 400 | 4.50 | 20 |
| 2026-06-22 | 1 | 1800 | 400 | 4.50 | 21 |
| 2026-06-23 | 1 | 1800 | 400 | 4.50 | 22 |
| 2026-06-24 | 1 | 1800 | 400 | 4.50 | 23 |
| 2026-06-25 | 1 | 1800 | 400 | 4.50 | 24 |
| 2026-06-26 | 1 | 1800 | 400 | 4.50 | 25 |
| 2026-06-27 | 1 | 1800 | 400 | 4.50 | 26 |
| 2026-06-28 | 1 | 1800 | 400 | 4.50 | 27 |
| 2026-06-29 | 1 | 1800 | 400 | 4.50 | 28 |
| 2026-06-30 | 1 | 1800 | 400 | 4.50 | 29 |
| 2026-07-01 | 1 | 1800 | 400 | 4.50 | 30 |
| 2026-07-02 | 1 | 1800 | 400 | 4.50 | 31 |
| 2026-07-03 | 1 | 1800 | 400 | 4.50 | 32 |
| 2026-07-04 | 1 | 1800 | 400 | 4.50 | 33 |
| 2026-07-05 | 1 | 1800 | 400 | 4.50 | 34 |
| 2026-07-06 | 1 | 1800 | 400 | 4.50 | 35 |
| 2026-07-07 | 1 | 1800 | 400 | 4.50 | 36 |
| 2026-07-08 | 1 | 1800 | 400 | 4.50 | 37 |
| 2026-07-09 | 2 | 1875 | 400 | 4.69 | 19 |
| 2026-07-10 | 2 | 1875 | 400 | 4.69 | 20 |
| 2026-07-11 | 2 | 1875 | 400 | 4.69 | 21 |
| 2026-07-12 | 2 | 1875 | 400 | 4.69 | 22 |
| 2026-07-13 | 2 | 1875 | 400 | 4.69 | 23 |
| 2026-07-14 | 2 | 1875 | 400 | 4.69 | 24 |
| 2026-07-15 | 2 | 1875 | 400 | 4.69 | 25 |
| 2026-07-16 | 2 | 1875 | 400 | 4.69 | 26 |
| 2026-07-17 | 2 | 1875 | 400 | 4.69 | 27 |
| 2026-07-18 | 2 | 1875 | 400 | 4.69 | 28 |
| 2026-07-19 | 2 | 1875 | 400 | 4.69 | 29 |
| 2026-07-20 | 2 | 1875 | 400 | 4.69 | 30 |
| 2026-07-21 | 2 | 1875 | 400 | 4.69 | 31 |
| 2026-07-22 | 2 | 1875 | 400 | 4.69 | 32 |
| 2026-07-23 | 2 | 1875 | 400 | 4.69 | 33 |
| 2026-07-24 | 2 | 1875 | 400 | 4.69 | 34 |
| 2026-07-25 | 2 | 1875 | 400 | 4.69 | 35 |
| 2026-07-26 | 2 | 1875 | 400 | 4.69 | 36 |
| 2026-07-27 | 2 | 1875 | 400 | 4.69 | 37 |
| 2026-07-28 | 2 | 1875 | 400 | 4.69 | 38 |
| 2026-07-29 | 2 | 1875 | 400 | 4.69 | 39 |
| 2026-07-30 | 2 | 1875 | 400 | 4.69 | 40 |
| 2026-07-31 | 2 | 1875 | 400 | 4.69 | 41 |
| 2026-08-01 | 2 | 1875 | 400 | 4.69 | 42 |
| 2026-08-02 | 2 | 1875 | 400 | 4.69 | 43 |
| 2026-08-03 | 2 | 1875 | 400 | 4.69 | 44 |
| 2026-08-04 | 2 | 1875 | 400 | 4.69 | 45 |
| 2026-08-05 | 3 | 2117 | 517 | 4.28 | 31 |
| 2026-08-06 | 3 | 2117 | 517 | 4.28 | 32 |
| 2026-08-07 | 2 | 1875 | 400 | 4.69 | 48 |
| 2026-08-08 | 2 | 1875 | 400 | 4.69 | 49 |
| 2026-08-09 | 2 | 1875 | 400 | 4.69 | 50 |
| 2026-08-10 | 2 | 1875 | 400 | 4.69 | 51 |
| 2026-08-11 | 2 | 1875 | 400 | 4.69 | 52 |
| 2026-08-12 | 4 | 2013 | 475 | 4.30 | 27 |
| 2026-08-13 | 4 | 2013 | 475 | 4.30 | 28 |
| 2026-08-14 | 4 | 2013 | 475 | 4.30 | 29 |
| 2026-08-15 | 4 | 2013 | 475 | 4.30 | 30 |
| 2026-08-16 | 4 | 2013 | 475 | 4.30 | 31 |
| 2026-08-17 | 4 | 2013 | 475 | 4.30 | 32 |
| 2026-08-18 | 4 | 2013 | 475 | 4.30 | 33 |
| 2026-08-19 | 4 | 2013 | 475 | 4.30 | 34 |
| 2026-08-20 | 4 | 2013 | 475 | 4.30 | 35 |
| 2026-08-21 | 4 | 2013 | 475 | 4.30 | 36 |
| 2026-08-22 | 4 | 2013 | 475 | 4.30 | 37 |
| 2026-08-23 | 4 | 2013 | 475 | 4.30 | 38 |
| 2026-08-24 | 4 | 2013 | 475 | 4.30 | 39 |
| 2026-08-25 | 4 | 1938 | 438 | 4.49 | 36 |
| 2026-08-26 | 5 | 2060 | 480 | 4.37 | 30 |
| 2026-08-27 | 6 | 2046 | 467 | 4.47 | 26 |
| 2026-08-28 | 6 | 2046 | 467 | 4.47 | 27 |
| 2026-08-29 | 6 | 2046 | 467 | 4.47 | 28 |
| 2026-08-30 | 6 | 2046 | 467 | 4.47 | 29 |
| 2026-08-31 | 6 | 2046 | 467 | 4.47 | 30 |
12-Month Market Dynamics & Trend Trajectory
Neptune 2 at Water Park City has established a consistent leasing history characterized by steady tenant turnover and compact floor plans. Across lifetime operations, the building has recorded 8 closed leases averaging $2,244 per month at $4.00 per square foot, with an average suite size of 567 square feet and an average days on market of 25 days. Pricing discipline across the building reflects clear tenant-favorable leverage. With 50.0% of transactions closing below asking price, tenants successfully captured an average monthly discount of $19 per month, yielding annualized tenant savings of $228 per year and demonstrating moderate landlord concession willingness.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-03 | 2 | 2000 | 468 | 4.34 | 38 |
| 2026-05-10 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-17 | 2 | 2425 | 600 | 4.04 | 22 |
| 2026-05-24 | 1 | 2100 | 550 | 3.82 | 48 |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-21 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-28 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-05 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-12 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-02 | 1 | 2700 | 750 | 3.60 | 2 |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 1 | 2150 | 550 | 3.91 | 13 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Neptune 2 at Water Park City is evaluated alongside four direct micro-market competitors located within 0.13 kilometers: Neptune 1 at Water Park City (215 Fort York Blvd, 0.05 km away, built in 2011 with 15 active listings), Atlantis & Aquarius at Water Park City (231 Fort York Blvd, 0.11 km away, built in 2007 with 16 active listings), The York Harbour Club (187 Fort York Boulevard W, 0.11 km away, built in 2014 with 1 active listing), and York Harbour Club (35 Bastion St/38 Grand Magazine St, 0.13 km away, built in 2015 with 11 active listings). Built in 2011, the subject building represents the mid-generation high-rise era of the CityPlace and Fort York micro-market, sitting directly beside its slightly older 2007 peer and just ahead of the mid-2010s developments clustered nearby. Across the immediate competitive set, benchmark averages sit at $2,578 per month with an average rate of $4.09 per square foot across a mean suite size of 641 square feet. Within this structured cluster, Neptune 2 at Water Park City operates as a competitively priced alternative, offering a rate per square foot that reflects its mid-generation positioning and compact suite configurations compared to both earlier developments and newer 2014-2015 builds.
231 Fort York Blvd, Toronto
628 Fleet Street / 99 Sloping Sky Mews, Toronto
Comparable Analysis & Questions
How do rental rates at Neptune 2 at Water Park City compare to neighbouring buildings within CityPlace / Fort York?
Neptune 2 at Water Park City achieves an average lease rent that contrasts against the broader comp average of $2,578 per month across key benchmarks including Neptune 1 at Water Park City, Atlantis & Aquarius at Water Park City, The York Harbour Club, and York Harbour Club. Neptune 1 at Water Park City (215 Fort York Blvd) reports an average lease rent of $2,703 per month at $4.13 per square foot across an average of 659 square feet. Atlantis & Aquarius at Water Park City (231 Fort York Blvd) records an average lease rent of $2,523 per month at $4.33 per square foot across 599 square feet. The York Harbour Club (187 Fort York Boulevard W) posts an average lease rent of $2,350 per month at $3.62 per square foot across 650 square feet. Finally, York Harbour Club (35 Bastion St/38 Grand Magazine St) logs an average lease rent of $2,735 per month at $4.27 per square foot across 655 square feet.
Does Neptune 2 at Water Park City offer a competitive price-per-square-foot ($/SF) against local comparables?
Neptune 2 at Water Park City establishes its value proposition by offering an efficient layout structure that trades competitively against nearby alternatives and the broader submarket benchmark of $4.36 per square foot. Renters weighing options in the micro-market navigate clear trade-offs, balancing the modern finishes and efficient square footage of Neptune 2 against larger, older footprints like Atlantis & Aquarius at Water Park City (599 square feet at $4.33 per square foot) or slightly larger contemporary builds such as Neptune 1 at Water Park City (659 square feet at $4.13 per square foot). While buildings like The York Harbour Club feature an average size of 650 square feet at $3.62 per square foot, Neptune 2 captures tenant demand by offering optimized layouts and lower absolute monthly cost burdens suited for urban professionals seeking central Fort York accessibility.
How do building age, amenities, and developer reputation impact rent spreads?
Neptune 2 at Water Park City delivers an extensive suite of recreational and lifestyle amenities that match the established Water Park City master-planned complex standards while competing effectively against neighboring towers. Signature amenities at Neptune 2 include an indoor pool, hot tub and jacuzzi, sauna and steam room, dedicated yoga studio, and a rooftop terrace. When contrasted with specific neighborhood peers, Atlantis & Aquarius at Water Park City adds a garden and courtyard alongside massage rooms, while The York Harbour Club and York Harbour Club incorporate specialized features such as pet wash stations and outdoor pools. This amenity package serves busy urban professionals and fitness-focused tenants who prioritize wellness and social spaces within their residential building.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Neptune 2 at Water Park City.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Yoga Studio
- Indoor Pool
- Hot Tub & Jacuzzi
- Sauna & Steam Room
- Party & Lounge Room
- Meeting Room
- Media & Theatre Room
- Games & Billiards Room
- BBQ Area
- Rooftop Terrace
Residential Buildings in the Vicinity
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Neptune 2 at Water Park City.
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.