Market Data as of August 31, 2026
Parkview Tower II — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Parkview Tower II is a residential community located in Markham, Ontario. Completed in 2007, the property features an estimated 179 suites. While there are currently no active rental listings on the market, historical records show 2 closed lease transactions with an average realized rent of $2,725/month ($3.41/SF).
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Last Realized Lease
Transaction metrics for the most recently leased suite
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 Parkview Tower II (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Parkview Tower II last month, and how fast did they rent?
Parkview Tower II at 37 Galleria Pkwy closed 2 leases in the trailing 30 days at an average 20 days on market, compared to a 25-day average over the prior 90 days and a 26-day submarket benchmark. Over the full tracked year, the building recorded 5 closed leases, with the 90-day window capturing 3 of those transactions. Leasing cadence accelerated into August 2026 after a quiet June, though the small absolute volume means turnover remains modest rather than a sustained absorption wave.
What is the negotiation spread between asking rents and closed lease prices at Parkview Tower II?
Parkview Tower II tenants negotiated an average discount of $20 per month (0.91% below asking), translating to $240 in annual savings per unit across tracked leases. Forty percent of closed leases settled under the listed asking price, confirming measurable tenant leverage in this submarket. The remaining 60% closed at or near asking, indicating landlords at Parkview Tower II are willing to concede a modest margin rather than hold a unit unrented for extended periods.
What are typical executed lease prices across different layouts at Parkview Tower II?
The two highest-volume anchor layouts at Parkview Tower II are the 1-Bedroom and 1-Bedroom + Den, each accounting for 40% of tracked leases. The 1-Bedroom tier (2 closed leases, small sample) averaged $2,150 per month at 3.91 per square foot across 550 square feet, with a 34-day average DOM. The 1-Bedroom + Den tier (2 closed leases, small sample) averaged $2,475 per month at 3.32 per square foot across 746 square feet, clearing in just 7 days on average. The 2-Bedroom tier represents a single individual transaction at $2,900 per month, 3.41 per square foot, 850 square feet, and a 30-day DOM; this is one deal and should not be read as a broad statistical benchmark.
What measurable rent premium did suites with parking achieve in closed leases at Parkview Tower II?
Parkview Tower II does not have sufficient paired lease data to isolate a reliable parking premium per month. Parking appears bundled into suite rents rather than listed as a separate line item in the tracked transactions. Active asking parking rates are similarly inconclusive due to an unreliable outlier or insufficient sample, so no defensible parking markup can be quoted for this building.
How does the lease-to-listing ratio at Parkview Tower II reflect current tenant demand?
Parkview Tower II rents climbed from a May average of $2,275 to an August average of $2,725 across the tracked spring-to-summer window. In May, 2 leases closed at $2,275 per month and 3.57 per square foot with a 17-day DOM. June saw 1 lease close at $2,150 per month and 3.91 per square foot over 37 days; the lower nominal rent reflects the compact 550-square-foot 1-bedroom footprint rather than any property devaluation. August brought 2 leases at $2,725 per month and 3.41 per square foot with a 20-day DOM, driven by the larger 746-square-foot den suites that reset the per-square-foot rate downward.
De-Listed & Terminated Rental Market Dynamics
Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Parkview Tower II (Data period: For the month of August 2026).
De-Listed Market Analysis & Questions
How many listings de-listed at Parkview Tower II, and what was their re-listing price compared to previous asking?
Parkview Tower II logged 1 delisted unit against 2 trailing-30-day leases, producing a delisted-to-leased ratio of 50% (or 20% against lifetime volume). The single delisting was a suspended listing; no terminated or expired listings appeared in the tracked window. At this volume, the ratio functions as a directional friction indicator rather than a structural vacancy signal.
How do asking prices on de-listed suites compare to executed leases and active listings at Parkview Tower II?
Parkview Tower II's single delisted unit asked $3,600 per month, which is $875 per month (32.1%) above the $2,725 realized 30-day lease average. The delisted listing carried a rate of 2.77 per square foot, below the 3.41 per square foot realized in August leases, suggesting the asking price was set aggressively high relative to what tenants actually paid for comparable suites. This spread signals direct overpricing relative to market-clearing levels in the Markham West submarket.
What market friction causes rental listings to stall or de-list at Parkview Tower II?
Parkview Tower II's delisted unit sat on market for an average of 10 days, well below the 20-day realized lease DOM for the trailing 30 days. Because the delisted unit was withdrawn after only 10 days, there is no excess marketing carry to convert into lost rent; the landlord pulled the listing quickly rather than absorbing months of vacancy carry and ongoing condo fees. The rapid suspension suggests the asking price failed to attract qualified tenant interest within the first two weeks.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 1 | 2200 | 550 | 4.00 | 6 |
| 2026-04-28 | 1 | 2200 | 550 | 4.00 | 7 |
| 2026-04-29 | 1 | 2200 | 550 | 4.00 | 8 |
| 2026-04-30 | 1 | 2200 | 550 | 4.00 | 9 |
| 2026-05-01 | 1 | 2200 | 550 | 4.00 | 10 |
| 2026-05-02 | 1 | 2200 | 550 | 4.00 | 11 |
| 2026-05-03 | 1 | 2200 | 550 | 4.00 | 12 |
| 2026-05-04 | 1 | 2200 | 550 | 4.00 | 13 |
| 2026-05-05 | 2 | 2200 | 550 | 4.00 | 7 |
| 2026-05-06 | 2 | 2200 | 550 | 4.00 | 8 |
| 2026-05-07 | 2 | 2200 | 550 | 4.00 | 9 |
| 2026-05-08 | 2 | 2200 | 550 | 4.00 | 10 |
| 2026-05-09 | 2 | 2200 | 550 | 4.00 | 11 |
| 2026-05-10 | 2 | 2200 | 550 | 4.00 | 12 |
| 2026-05-11 | 2 | 2200 | 550 | 4.00 | 13 |
| 2026-05-12 | 2 | 2200 | 550 | 4.00 | 14 |
| 2026-05-13 | 2 | 2200 | 550 | 4.00 | 15 |
| 2026-05-14 | 3 | 2267 | 614 | 3.74 | 11 |
| 2026-05-15 | 3 | 2267 | 614 | 3.74 | 12 |
| 2026-05-16 | 3 | 2267 | 614 | 3.74 | 13 |
| 2026-05-17 | 3 | 2267 | 614 | 3.74 | 14 |
| 2026-05-18 | 2 | 2200 | 550 | 4.00 | 20 |
| 2026-05-19 | 2 | 2200 | 550 | 4.00 | 21 |
| 2026-05-20 | 2 | 2200 | 550 | 4.00 | 22 |
| 2026-05-21 | 1 | 2200 | 550 | 4.00 | 16 |
| 2026-05-22 | 1 | 2200 | 550 | 4.00 | 17 |
| 2026-05-23 | 1 | 2200 | 550 | 4.00 | 18 |
| 2026-05-24 | 1 | 2200 | 550 | 4.00 | 19 |
| 2026-05-25 | 1 | 2200 | 550 | 4.00 | 20 |
| 2026-05-26 | 1 | 2200 | 550 | 4.00 | 21 |
| 2026-05-27 | 1 | 2200 | 550 | 4.00 | 22 |
| 2026-05-28 | 1 | 2200 | 550 | 4.00 | 23 |
| 2026-05-29 | 1 | 2200 | 550 | 4.00 | 24 |
| 2026-05-30 | 1 | 2200 | 550 | 4.00 | 25 |
| 2026-05-31 | 1 | 2200 | 550 | 4.00 | 26 |
| 2026-06-01 | 1 | 2200 | 550 | 4.00 | 27 |
| 2026-06-02 | 1 | 2200 | 550 | 4.00 | 28 |
| 2026-06-03 | 1 | 2200 | 550 | 4.00 | 29 |
| 2026-06-04 | 1 | 2200 | 550 | 4.00 | 30 |
| 2026-06-05 | 1 | 2200 | 550 | 4.00 | 31 |
| 2026-06-06 | 1 | 2200 | 550 | 4.00 | 32 |
| 2026-06-07 | 1 | 2200 | 550 | 4.00 | 33 |
| 2026-06-08 | 1 | 2200 | 550 | 4.00 | 34 |
| 2026-06-09 | 1 | 2200 | 550 | 4.00 | 35 |
| 2026-06-10 | 1 | 2200 | 550 | 4.00 | 36 |
| 2026-07-12 | 1 | 2900 | 850 | 3.41 | N/A |
| 2026-07-13 | 1 | 2900 | 850 | 3.41 | 1 |
| 2026-07-14 | 1 | 2900 | 850 | 3.41 | 2 |
| 2026-07-15 | 1 | 2900 | 850 | 3.41 | 3 |
| 2026-07-16 | 1 | 2900 | 850 | 3.41 | 4 |
| 2026-07-17 | 1 | 2900 | 850 | 3.41 | 5 |
| 2026-07-18 | 1 | 2900 | 850 | 3.41 | 6 |
| 2026-07-19 | 1 | 2900 | 850 | 3.41 | 7 |
| 2026-07-20 | 1 | 2900 | 850 | 3.41 | 8 |
| 2026-07-21 | 1 | 2900 | 850 | 3.41 | 9 |
| 2026-07-22 | 1 | 2900 | 850 | 3.41 | 10 |
| 2026-07-23 | 1 | 2900 | 850 | 3.41 | 11 |
| 2026-07-24 | 1 | 2900 | 850 | 3.41 | 12 |
| 2026-07-25 | 1 | 2900 | 850 | 3.41 | 13 |
| 2026-07-26 | 1 | 2900 | 850 | 3.41 | 14 |
| 2026-07-27 | 1 | 2900 | 850 | 3.41 | 15 |
| 2026-07-28 | 1 | 2900 | 850 | 3.41 | 16 |
| 2026-07-29 | 1 | 2900 | 850 | 3.41 | 17 |
| 2026-07-30 | 1 | 2900 | 850 | 3.41 | 18 |
| 2026-07-31 | 1 | 2900 | 850 | 3.41 | 19 |
| 2026-08-01 | 1 | 2900 | 850 | 3.41 | 20 |
| 2026-08-02 | 2 | 2725 | 800 | 3.41 | 11 |
| 2026-08-03 | 2 | 2725 | 800 | 3.41 | 12 |
| 2026-08-04 | 3 | 3017 | 967 | 3.19 | 8 |
| 2026-08-05 | 3 | 3017 | 967 | 3.19 | 9 |
| 2026-08-06 | 3 | 3017 | 967 | 3.19 | 10 |
| 2026-08-07 | 3 | 3017 | 967 | 3.19 | 11 |
| 2026-08-08 | 3 | 3017 | 967 | 3.19 | 12 |
| 2026-08-09 | 3 | 3017 | 967 | 3.19 | 13 |
| 2026-08-10 | 3 | 3017 | 967 | 3.19 | 14 |
| 2026-08-11 | 1 | 3600 | 1300 | 2.77 | 7 |
| 2026-08-12 | 1 | 3600 | 1300 | 2.77 | 8 |
| 2026-08-13 | 1 | 3600 | 1300 | 2.77 | 9 |
12-Month Market Dynamics & Trend Trajectory
Parkview Tower II's all-time average lease rent of $2,430 per month sits roughly 7% below the Markham West submarket average of $2,616, while the building's 3.57 rate per square foot runs 1.4% above the submarket's 3.52 per square foot. This combination indicates the building trades at a modest rent discount but a slight density premium, consistent with its mix of compact 1-bedrooms and mid-size den suites rather than large 2-bedroom product. On pricing discipline, 40% of tracked leases closed below asking with an average tenant discount of $20 per month (0.91%), yielding $240 in annualized savings per unit. The remaining 60% settled at or near the listed price, and no lease closed above asking. This pattern confirms tenant-favorable leverage at Parkview Tower II, where landlords concede a small margin to convert listings into signed leases rather than risk extended vacancy carry.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-17 | 2 | 2275 | 646 | 3.57 | 17 |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 1 | 2150 | 550 | 3.91 | 37 |
| 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 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 2 | 2725 | 800 | 3.41 | 20 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Parkview Tower II at 37 Galleria Pkwy sits in a tight cluster of four nearby competitors within 160 metres, all recording active lease volume over the trailing 180 days. Parkview Tower I (39 Galleria Pkwy, 0.02 km, built in 2007) closed five leases; Galleria Tower (51 Saddlecreek Dr, 0.13 km, built in 2005) closed two; The Tower I (25 Times Ave, 0.15 km, built in 2002) closed one; and Eden Park Towers – Building A (233 South Park Rd, 0.16 km, built in 2012) closed four. The peer set spans a decade of construction eras, from The Tower I's 2002 build to Eden Park Towers' 2012 completion, with the two Parkview towers sharing the same 2007 delivery year and essentially identical footprints across the same Galleria Pkwy corridor. Against the four-comp benchmark of $2,469 average closed rent, $3.09 per square foot, and 827 average interior square feet, Parkview Tower II's realized lease profile of $2,430 per month at $3.57 per square foot over 688 square feet positions the building as a smaller-footprint, higher-rate-per-square-foot asset. The subject trades $39 below the comp average on nominal rent yet commands a meaningful per-square-foot premium, a pattern driven entirely by its compact suite footprint relative to the 827-square-foot comp mean. At 688 square feet, the subject's average unit is roughly 17 percent smaller than the peer average, compressing total monthly cost while elevating the effective rate per square foot above every active competitor in this immediate pocket.
Comparable Analysis & Questions
How do rental rates at Parkview Tower II compare to neighbouring buildings within Markham West?
Parkview Tower II's average realized lease rent of $2,430 per month sits $39 below the four-comp benchmark of $2,469, placing it marginally under the peer median while still above the Markham West submarket average of $2,616. Parkview Tower I (39 Galleria Pkwy, 0.02 km, five closed leases) averaged $2,388 per month at $3.42 per square foot over 720 square feet, meaning the subject commands a $42-per-month higher rent than its immediate neighbour. Galleria Tower (51 Saddlecreek Dr, 0.13 km, two closed leases) averaged $2,025 per month at $3.12 per square foot over 650 square feet, a $405-per-month gap in the subject's favour. The Tower I (25 Times Ave, 0.15 km, one closed lease) averaged $2,800 per month at $2.55 per square foot over 1,100 square feet, so the subject trades at a $370-per-month lower rent than that larger-suite building. Eden Park Towers – Building A (233 South Park Rd, 0.16 km, four closed leases) averaged $2,663 per month at $3.25 per square foot over 838 square feet, leaving the subject $233 per month below that competitor.
Does Parkview Tower II offer a competitive price-per-square-foot ($/SF) against local comparables?
Parkview Tower II delivers a $3.57-per-square-foot leased rate over 688 average interior square feet, a combination that commands a per-square-foot premium over every active nearby competitor while keeping total monthly rent competitive through a smaller interior footprint. Against Parkview Tower I, the subject trades at a $0.15-per-square-foot (4.4 percent) premium yet provides 32 fewer interior square feet, so the higher nominal rent of $42 per month reflects a tighter rate rather than extra space. Versus Galleria Tower, the subject commands a $0.45-per-square-foot (14.4 percent) premium and actually provides 38 more interior square feet, making the $405-per-month rent gap a genuine valuation spread on a larger unit. The Tower I presents the sharpest trade-off: the subject trades at a $1.02-per-square-foot (40 percent) premium but provides 412 fewer interior square feet, so the $370-per-month lower nominal rent is driven entirely by the dramatically smaller footprint rather than weaker asset valuation. Eden Park Towers – Building A shows a similar dynamic, with the subject commanding a $0.32-per-square-foot (9.8 percent) premium while providing 150 fewer interior square feet, keeping the subject's total rent $233 per month below that competitor despite the higher per-square-foot rate.
How do building age, amenities, and developer reputation impact rent spreads?
Parkview Tower II offers an eight-feature lifestyle package including an indoor pool, sauna and steam room, gym and fitness centre, media and theatre room, games and billiards room, party and lounge room, meeting room, and concierge with security, a set that outperforms two of its four nearby competitors on aquatic and recreational breadth. The indoor pool and media and theatre room are genuinely absent from both Galleria Tower (51 Saddlecreek Dr) and The Tower I (25 Times Ave), giving the subject a clear wellness and entertainment edge over those two older buildings. Eden Park Towers – Building A (233 South Park Rd) matches the subject on pool, gym, sauna, theatre, and billiards but adds a library and reading room that the subject lacks, while Parkview Tower I (39 Galleria Pkwy) mirrors the subject's full list and additionally provides a BBQ area. The subject's meeting room is absent from Eden Park Towers – Building A, a small but meaningful differentiator for remote-work tenants. This amenity mix best serves young professional and dual-income households in Markham West who prioritize aquatic fitness, social entertainment, and flexible work spaces within a single building, without requiring the quiet study environment of a dedicated library.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Parkview Tower II.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Indoor Pool
- Sauna & Steam Room
- Party & Lounge Room
- Meeting Room
- Media & Theatre Room
- Games & Billiards Room
Residential Buildings in the Vicinity
- Parkview Tower I17 m
- Galleria Tower128 m
- The Tower I154 m
- Eden Park Towers - Building A165 m
- The Tower II180 m
- Thornhill Tower II212 m
- Eden Park Towers - Building B218 m
- Thornhill Tower I230 m
- Eden Park Towers - Building C262 m
- Victoria Tower268 m
- Pavilia Towers - Building B282 m
- Valleymede Towers - Building A299 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Parkview Tower II.
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.