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Market Data as of August 31, 2026

CG Tower — Rental Market Data

2920 Highway 7, Vaughan, Ontario L4K 0P4
Quick Rent Estimate
Active Suites4 Available
Type
Units
Avg Rent
2-Bedroom
3
$2,767
1-Bedroom
1
$1,900

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2025
Total Suites551
DeveloperCortel Group

Developed by Cortel Group, CG Tower at 2920 Highway 7 in the Vaughan Metropolitan Centre submarket is an established residential building completed in 2025 containing 551 total suites. Currently, the building registers 4 active listings, representing a low availability rate of 0.7 percent. Over the trailing 90 days, the property recorded 37 closed leases with an average of 23 days on market, alongside a 30-day closed count of 15 leases with an average of 21 days on market.

Active listings command an average asking rent of $2,550 per month at $3.30 per square foot across an average of 775 square feet, comparing against realized 90-day leases averaging $2,347 per month at $3.52 per square foot across a historical average of 682 square feet. The current active inventory skews larger than historical leases, bringing down the average rate per square foot below the submarket asking benchmark of $3.73 per square foot.

Leasing friction remains minimal with closed days on market averaging 23 days over the trailing 90 days, while tenant leverage is evident as 36.8 percent of recent leases closed under asking with an average discount of $31 per month or 1.27 percent below asking. Prospective tenants face scarce availability in 1-bedroom layouts alongside deeper selection in 2-bedroom suites which make up the majority of current active inventory.

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Active Rental Inventory & Asking Rates

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

Active Units4
-3 (42.9%)
Avg Asking Rent$2,550
+$124 (5.1%)
Avg Suite Size775 sf
+68 sf (9.6%)
Avg Days on Market30d
+1d (4.3%)
Avg Asking $/SF$3.30
-$0.17 (4.9%)

Active Market Insights & Questions

How has rental availability changed at CG Tower recently?

CG Tower features 4 active listings as of August 31, 2026, with asking rents ranging from $1,900 to $2,800 per month, an average asking rent of $2,550 per month, and a median asking rent of $2,750 per month. Active suites average 775 square feet with an average asking rate of $3.30 per square foot. Two-bedroom units dominate the active inventory with a 75 percent share, indicating that current availability leans toward larger multi-bedroom layouts.

What floor plans and unit layouts are currently available at CG Tower?

The dominant active layout at CG Tower is the 2-Bedroom tier, accounting for 3 listings and a 75 percent inventory share. Two-bedroom suites average $2,767 per month with a median asking rent of $2,750 per month across an average size of 850 square feet at $3.25 per square foot. The remaining active inventory consists of a single 1-bedroom listing representing a 25 percent share, asking an average of $1,900 per month across 550 square feet at $3.45 per square foot.

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

CG Tower exhibits a minimum entry rent of $1,900 per month and a peak asking rent of $2,800 per month, creating a dollar spread of $900 per month or a 47.4 percent spread. The median asking rent sits at $2,750 per month. The entry-level suite is a 1-bedroom unit spanning 550 square feet with an asking rate of $3.45 per square foot, contrasted against the peak 2-bedroom suite spanning 850 square feet with an asking rate of $3.29 per square foot.

How much extra do parking spaces and dens cost at CG Tower?

CG Tower has unquantified active den premiums as active den data fields are null. Active parking premiums cannot be reliably isolated due to an insufficient sample or anomalous outlier status. Verified historical parking stalls lease for $263 per month.

How do asking rents at CG Tower compare to local and municipal benchmarks?

CG Tower asks an average of $2,550 per month at $3.30 per square foot compared to the Vaughan Metropolitan Centre submarket asking benchmark of $2,315 per month at $3.73 per square foot. The building's lower nominal asking rate per square foot sits 11.5 percent below the submarket asking benchmark while capturing 3.5 percent of 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 CG Tower (Data period: For the month of August 2026).

Units Leased15
Avg Leased Price$2,440
Avg Leased Size682 sf
Avg Days to Lease21d
Leased $/SF$3.47

Leased Transaction Insights & Questions

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

CG Tower recorded a 30-day average days on market of 21 days, a 90-day average of 23 days, and compares against the Vaughan Metropolitan Centre submarket benchmark of 26 days. Leasing turnover accelerated significantly over the summer, with 15 leases closed in the last 30 days compared to 37 closed over the trailing 90 days and 57 total lifetime leases.

What is the negotiation spread between asking rents and closed lease prices at CG Tower?

CG Tower transactions settled with an average monthly discount of $31 per month, representing a 1.27% reduction from asking prices and annual tenant savings of $372 per year. Market leverage favored incoming occupants during the tracked period, with 36.8% of leases closing below asking price while remaining deals met landlord expectations.

What are typical executed lease prices across different layouts at CG Tower?

CG Tower is anchored by 2-Bedroom and 1-Bedroom floor plans as its highest-volume configurations. The 2-Bedroom tier delivered 24 closed leases averaging $2,677 per month with a median of $2,700 per month, a P25-P75 range of $2,598 to $2,800 per month, an average size of 846 square feet, $3.17 per square foot, and 25 days on market, representing a statistically robust benchmark. The 1-Bedroom tier recorded 22 closed leases averaging $1,977 per month with a median of $1,900 per month, a P25-P75 range of $1,831 to $2,138 per month, an average size of 532 square feet, $3.78 per square foot, and 21 days on market, forming another statistically robust benchmark. The 1-Bedroom + Den tier posted 7 closed leases averaging $2,229 per month with a median of $2,250 per month, a P25-P75 range of $2,125 to $2,325 per month, an average size of 627 square feet, $3.58 per square foot, and 32 days on market, serving as a statistically robust benchmark. The Studio tier logged 3 closed leases averaging $1,767 per month with a median of $1,700 per month, a P25-P75 range of $1,675 to $1,825 per month, an average size of 550 square feet, $3.21 per square foot, and 40 days on market, representing a limited sample size. The 3-Bedroom+ tier recorded 1 closed lease at $3,200 per month with a median of $3,200 per month, a P25-P75 range of $3,200 to $3,200 per month, an average size of 950 square feet, $3.37 per square foot, and 73 days on market, representing an individual single transaction rather than a broad statistical benchmark.

What measurable rent premium did suites with parking achieve in closed leases at CG Tower?

CG Tower achieved a realized leased parking premium of $263 per month across successfully executed tenancy agreements. Parking stall access was commonly bundled into larger multi-bedroom suites during initial occupancy leasing. Active asking parking data remained inconclusive due to insufficient paired sample sizes across current listings.

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

CG Tower experienced a rising overall rent trajectory across the tracked monthly timeline from spring through late summer. In April 2026, 3 deals closed at an average rent of $2,350 per month, $3.00 per square foot, and 50 days on market. May 2026 recorded 17 closed deals averaging $2,231 per month, $3.44 per square foot, and 29 days on market. June 2026 saw 13 closed deals averaging $2,212 per month, $3.53 per square foot, and 20 days on market. July 2026 posted 9 closed deals averaging $2,389 per month, $3.58 per square foot, and 30 days on market. August 2026 closed 15 deals averaging $2,440 per month, $3.47 per square foot, and 21 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.

Suite Filters
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Chart Metrics
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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)
2026-04-2720235156553.3025
2026-04-2819232859033.3224
2026-04-2920231656403.3124
2026-04-3020231656403.3125
2026-05-0120233156503.2825
2026-05-0219234359183.2526
2026-05-0320236856703.2426
2026-05-0420236856703.2427
2026-05-0519235959283.2329
2026-05-0618239762373.1727
2026-05-0719236859433.1527
2026-05-0819236859433.1528
2026-05-0919236859433.1529
2026-05-1017236165603.1128
2026-05-1117236165603.1129
2026-05-1217235865523.1529
2026-05-1317239165643.1428
2026-05-1417239165643.1429
2026-05-1518243662523.1528
2026-05-1618243662523.1529
2026-05-171724207373.3430
2026-05-181724207373.3431
2026-05-191624527493.3332
2026-05-201624467493.3228
2026-05-211924287393.3325
2026-05-221724057313.3427
2026-05-231524097293.3528
2026-05-241524097293.3529
2026-05-251524097293.3530
2026-05-261624307373.3429
2026-05-271424957493.3931
2026-05-281424957493.3932
2026-05-291325527623.4232
2026-05-301325527623.4233
2026-05-311225237463.4530
2026-06-011225237463.4531
2026-06-021324727393.4029
2026-06-031324337273.4228
2026-06-041323767013.5127
2026-06-051323767013.5128
2026-06-061323767013.5129
2026-06-071224207133.5331
2026-06-081224207133.5332
2026-06-091224207133.5333
2026-06-101224207133.5334
2026-06-111523536903.5428
2026-06-121623626943.5327
2026-06-131624127073.5527
2026-06-141624127073.5528
2026-06-151623736943.5628
2026-06-161623586823.5824
2026-06-171523286713.6021
2026-06-181723816953.5515
2026-06-191723816953.5516
2026-06-201723816953.5517
2026-06-211723816953.5518
2026-06-221723816953.5519
2026-06-231723766953.5419
2026-06-241623686923.5621
2026-06-251524067113.4922
2026-06-261424567233.5224
2026-06-271325077483.4525
2026-06-281325077483.4526
2026-06-291224877393.4628
2026-06-30925837633.5133
2026-07-01925837633.5134
2026-07-021125327423.5128
2026-07-031025257413.5231
2026-07-041025257413.5232
2026-07-051025257413.5233
2026-07-06925007293.5533
2026-07-07825817703.4134
2026-07-08824757133.5932
2026-07-09924677173.5429
2026-07-101024407013.5927
2026-07-111024407013.5928
2026-07-121124236963.5826
2026-07-13924947233.5232
2026-07-14924947233.5233
2026-07-15924947233.5234
2026-07-16924947233.5235
2026-07-171124577013.5730
2026-07-181124577013.5731
2026-07-191124577013.5732
2026-07-201024586963.6030
2026-07-21924877123.5633
2026-07-22924877123.5634
2026-07-23924877123.5635
2026-07-24924877123.5636
2026-07-25924877123.5637
2026-07-26924877123.5638
2026-07-27823986823.5835
2026-07-28823986823.5836
2026-07-29724267073.4826
2026-07-30724267073.4827
2026-07-31724267073.4828
2026-08-01625227333.5029
2026-08-02625227333.5030
2026-08-03625227333.5031
2026-08-04725407573.4228
2026-08-05825047373.4625
2026-08-06825047373.4626
2026-08-071125487423.5020
2026-08-081125487423.5021
2026-08-091125487423.5022
2026-08-101125487423.5023
2026-08-111124807103.5423
2026-08-121224987223.5122
2026-08-131125257373.4723
2026-08-141025537563.4125
2026-08-15825507703.3423
2026-08-16825507703.3424
2026-08-17725937873.3323
2026-08-18625587603.3918
2026-08-19625587603.3919
2026-08-20724937303.4517
2026-08-21824507083.5116
2026-08-22824507083.5117
2026-08-23824757203.4917
2026-08-24725297453.4520
2026-08-25523606783.5325
2026-08-26523606783.5326
2026-08-27523606783.5327
2026-08-28424137113.4333
2026-08-29424137113.4334
2026-08-30424137113.4335
2026-08-31425507753.3030

12-Month Market Dynamics & Trend Trajectory

CG Tower established a solid leasing history across initial occupancy with 57 lifetime closed transactions, achieving an overall average rent of $2,313 per month at $3.47 per square foot across an average suite size of 682 square feet. Tenant turnover remained healthy with a lifetime average days on market of 26 days, demonstrating steady absorption as the newly completed 551-suite community settled into the Vaughan Metropolitan Centre submarket. Pricing discipline tilted slightly in favor of incoming occupants, who secured an average monthly discount of $31 per month, or 1.27% below initial asking rates. With 36.8% of leases closing below asking price and the remainder meeting full landlord expectations, tenancy agreements locked in predictable annual savings of $372 per year while maintaining balanced, cooperative negotiations between landlords and renters.

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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)
2026-04-26221755503.9523
2026-05-03323336603.6727
2026-05-10320835943.5227
2026-05-17624427303.3133
2026-05-24318926263.0229
2026-05-31224456503.8228
2026-06-07218756003.1515
2026-06-14128509503.0070
2026-06-21519755303.8415
2026-06-28424487663.2312
2026-07-05323837003.6233
2026-07-12221005753.855
2026-07-19222756503.5736
2026-07-26225257503.3752
2026-08-020N/AN/AN/AN/A
2026-08-09624837083.5720
2026-08-16225508003.2449
2026-08-23525207543.428
2026-08-30121505923.6326

Nearby Building Rental Comparables & Price Spreads

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

CG Tower, built in 2025 at 2920 Highway 7 with 551 suites and 4 active listings, anchors the local competitive set alongside four neighboring high-rise developments. The immediate micro-market includes Expo at 2900 Highway 7 (completed in 2016, 15 active listings, 0.13 km away), Expo 2 at 2910 Highway 7 (completed in 2017, 11 active listings, 0.06 km away), Nord East - Expo 3 at 2908 Highway 7 (completed in 2020, 33 active listings, 0.15 km away), and Nord West at Expo 4 at 2916 Highway 7 (completed in 2020, 29 active listings, 0.12 km away). These properties represent two distinct structural eras: mid-2010s developments characterized by more generous, traditional floor plans, and early-2020s to mid-2020s completions featuring more compact, highly optimized modern layouts. Across the micro-market, the overall comparable benchmark registers an average monthly rent of $2,613, an average rate of $3.30 per square foot, and an average suite size of 805 square feet. As a newly completed 2025 asset, CG Tower commands a competitive rate per square foot that reflects its brand-new construction quality, state-of-the-building systems, and contemporary interior finishes. While older neighboring phases often provide larger average square footages—such as Expo at 883 square feet—CG Tower delivers superior spatial efficiency and modern mechanical performance that appeals directly to renters prioritizing up-to-date residential amenities over older, oversized floor plates.

Expo 263 m

2910 Highway 7, Vaughan

Avg Asking$2,799/mo
Avg $/SF$3.22
Rent Spread:
+$249/mo (+9.7%) Higher

2916 Highway 7, Vaughan

Avg Asking$2,520/mo
Avg $/SF$3.43
Rent Spread:
-$30/mo (-1.2%) Lower
Expo134 m

2900 Highway 7, Vaughan

Avg Asking$2,717/mo
Avg $/SF$3.17
Rent Spread:
+$167/mo (+6.6%) Higher

2908 Highway 7, Vaughan

Avg Asking$2,676/mo
Avg $/SF$3.47
Rent Spread:
+$126/mo (+5.0%) Higher

950 Portage Pkwy, Vaughan

Avg Asking$2,232/mo
Avg $/SF$3.46
Rent Spread:
-$318/mo (-12.5%) Lower

185 Millway Avenue / 20 Bent Tree Drive, Vaughan

Avg Asking$2,531/mo
Avg $/SF$3.86
Rent Spread:
-$19/mo (-0.8%) Lower

Comparable Analysis & Questions

How do rental rates at CG Tower compare to neighbouring buildings within Vaughan Metropolitan Centre?

CG Tower achieves an average lease rent of $2,313 per month, trading below the broader micro-market comp average of $2,613 per month due to its compact average suite footprint of 682 square feet. Individual competitor benchmarks within 0.15 kilometers demonstrate significant variance based on age and scale. Expo at 2900 Highway 7 (0.13 km away) records an average lease rent of $2,747 per month at $3.16 per square foot across an average of 883 square feet. Expo 2 at 2910 Highway 7 (0.06 km away) posts an average lease rent of $2,720 per month at $3.14 per square foot across an average of 869 square feet. Nord West at Expo 4 at 2916 Highway 7 (0.12 km away) reports an average lease rent of $2,516 per month at $3.45 per square foot across an average of 738 square feet. Nord East - Expo 3 at 2908 Highway 7 (0.15 km away) logs an average lease rent of $2,467 per month at $3.45 per square foot across an average of 729 square feet.

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

CG Tower establishes its value proposition through a modern rental rate of $3.47 per square foot across an average suite size of 682 square feet, positioning itself competitively against the submarket average of $3.71 per square foot while trading at a slight premium per square foot compared to older, mid-2010s phases. Renters evaluating CG Tower versus older alternatives like Expo (883 square feet at $3.16 per square foot) and Expo 2 (869 square feet at $3.14 per square foot) make a clear trade-off: they accept slightly more compact, highly efficient interior layouts in exchange for brand-new 2025 construction finishes, lower utility burdens, and modern building systems. Meanwhile, compared to similarly sized early-2020s peers such as Nord East - Expo 3 (729 square feet at $3.45 per square foot) and Nord West at Expo 4 (738 square feet at $3.45 per square foot), CG Tower commands near-parity pricing while offering the distinct advantage of initial occupancy status.

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

CG Tower delivers an extensive, modern lifestyle and amenity package that matches or exceeds the offerings of established neighboring developments in the Vaughan Metropolitan Centre. Standout signature features at CG Tower include a dedicated Pet Wash Station, a fully equipped Yoga Studio, an Indoor Pool paired with an Outdoor Pool, an expansive Rooftop Terrace, and a private Dining Room and Kitchen for resident entertaining. When contrasted with Expo at 2900 Highway 7—which relies on a shared laundry room and lacks an outdoor pool or pet wash station—CG Tower provides a significantly upgraded wellness and convenience suite. Similarly, while Nord West at Expo 4 (2916 Highway 7) and Nord East - Expo 3 (2908 Highway 7) feature robust amenity lists including indoor and outdoor pools, yoga studios, and pet washes, CG Tower introduces brand-new, contemporary execution across its spa, hot tub and jacuzzi, media and theatre room, and business centre. This amenity ecosystem exceptionally serves young professionals, couples, and pet owners seeking turn-key luxury and high-function shared spaces.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around CG Tower.

Building Amenities

  • BBQ Area
  • Business Centre
  • Concierge & Security
  • Dining Room & Kitchen
  • Gym & Fitness Centre
  • Hot Tub & Jacuzzi
  • Kids' Play Room - Indoor
  • Media & Theatre Room
  • Outdoor Pool
  • Party & Lounge Room
  • Pet Wash Station
  • Rooftop Terrace
  • Spa
  • Yoga Studio

Data Methodology & Analytical Standards

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

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.