Festival - Signature Tower — Rental Market Data

Festival - Signature Tower features 11 active listings as of August 31, 2026, with asking rents ranging from $1,850 to $2,550 per month, an average monthly rent of $2,139, and a median monthly rent of $2,050 per month. Active suites average 575 square feet with an asking rate of $3.73 per square foot. The inventory is heavily concentrated in multi-functional layouts, with the dominant 1-Bedroom + Den configuration capturing 63.6 percent of available units, leaning the current marketplace toward compact executive spaces rather than oversized family footprints.

The dominant active layout at Festival - Signature Tower is the 1-Bedroom + Den, accounting for 7 listings and a 63.6 percent inventory share with an average asking rent of $2,093 per month across 571 square feet at $3.68 per square foot. Standard 1-Bedroom suites comprise 2 active listings or 18.2 percent of the market, averaging $1,913 per month across 501 square feet at $3.85 per square foot. Meanwhile, 2-Bedroom residences offer 2 listings representing an 18.2 percent share, averaging $2,525 per month across 664 square feet at $3.80 per square foot.

Festival - Signature Tower exhibits a minimum entry rent of $1,850 per month and a peak asking rent of $2,550 per month, establishing a dollar spread of $700 or a 37.8 percent variance. Median asking rent sits at $2,050 per month. The entry-level option consists of a 1-Bedroom suite spanning 451 square feet with an asking rate of $4.10 per square foot, while the peak tier is anchored by a 2-Bedroom layout offering 678 square feet at an asking rate of $3.76 per square foot.

Festival - Signature Tower carries an active den premium of $180 per month for an additional 70 square feet of interior space, reflecting a marginal cost of $2.57 per square foot for the extra den footprint. Verified parking stall add-ons are priced at $146 per month for active listings.

Festival - Signature Tower asks an average of $2,139 per month at $3.73 per square foot, matching the broader submarket asking rate of $3.73 per square foot while sitting below the submarket average lease rent of $2,267 per month. Nominal rent variances are resolved by compact suite sizing across current listings rather than discounted pricing. The building accounts for an active inventory share of 11 listings within a submarket total of 115 available properties.

Festival - Signature Tower achieves an average lease rent of $2,157 per month, which compares against an overall comp average of $2,084 per month across key benchmarks including Festival - Landmark Tower, Grand Festival - Landmark Tower, Mobilio - West Tower, and Mobilio - East Tower. Festival - Landmark Tower (195 Commerce St) reports an average lease rent of $1,976 per month at $3.86 per square foot across 520 square feet. Grand Festival - Landmark Tower (28 Interchange Way) registers an average lease rent of $2,050 per month at $3.82 per square foot across 546 square feet. Mobilio - West Tower (10 Honeycrisp Cres) records an average lease rent of $2,131 per month at $3.90 per square foot across 552 square feet. Finally, Mobilio - East Tower (38 Honeycrisp Cres) posts an average lease rent of $2,178 per month at $4.10 per square foot across 540 square feet.

Festival - Signature Tower delivers a compelling value proposition by offering an average lease rate of $3.76 per square foot across 578 square feet, providing a larger layout footprint at a more competitive rate per square foot than most surrounding alternatives in the Vaughan Metropolitan Centre submarket. Renters trade minor per-square-foot premiums found in older 2023 towers like Mobilio - East Tower ($4.10 per square foot across 540 square feet) for the superior layout efficiency, modern finishes, and larger average square footage of a 2025 completion. When stacked against adjacent 2025 peers such as Festival - Landmark Tower ($3.86 per square foot across 520 square feet) and Grand Festival - Landmark Tower ($3.82 per square foot across 546 square feet), Festival - Signature Tower provides more interior space while offering a lower, more competitive rate per square foot.

Festival - Signature Tower delivers a comprehensive lifestyle and amenity profile that rivals premier developments in the Vaughan Metropolitan Centre micro-market. The building features 9 signature amenities, anchored by Concierge & Security, a Gym & Fitness Centre, a Party & Lounge Room, a Dining Room & Kitchen, and a Rooftop Terrace, complemented by a Shared Laundry Room, Media & Theatre Room, Games & Billiards Room, and BBQ Area. When contrasted with Festival - Landmark Tower and Grand Festival - Landmark Tower, which include specialized offerings like indoor pools, yoga studios, and dog runs, Festival - Signature Tower focuses its lifestyle program on high-end social entertaining spaces and wellness facilities. This amenity package directly serves working professionals and couples seeking a balanced, community-oriented vertical living experience.