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Market Data as of August 31, 2026

Fontana - Building C — Rental Market Data

38 Cedarland Dr, Markham, Ontario L6G 0G7
Quick Rent Estimate
Active Suites5 Available
Type
Units
Avg Rent
2-Bedroom + Den
4
$3,313
1-Bedroom + Den
1
$2,380

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2017
Total Suites165
DeveloperH & R Developments

Fontana - Building C, located at 38 Cedarland Dr in Markham City Centre, is an established 165-suite residential development completed in 2017 by developer H & R Developments. The building currently records 5 active listings representing an availability rate of 3 percent, backed by a leasing pace of 9 closed leases over the past 90 days averaging 33 days on market alongside 5 closed leases in the past 30 days averaging 39 days on market.

Current active asking rents average $3,126 per month at an average rate of $3.24 per square foot, contrasting with realized 90-day leases averaging $2,533 per month at $3.14 per square foot. Active inventory skews larger than past leases, as active listings average 969 square feet compared to a historical average of 809 square feet, while the active asking rate of $3.24 per square foot sits 9.5 percent below the Markham City Centre submarket asking benchmark of $3.58 per square foot.

Marketing friction indicates that closed transactions averaged 33 days on market while delisted inventory cleared an average of 19 days on market, and tenants successfully secured a tenant discount averaging 1.24 percent below asking across 33.3 percent of deals. Prospective tenants will find deep selection within the 2-Bedroom plus Den tier holding 80 percent of active stock, whereas 1-Bedroom plus Den layouts offer scarce availability with only 1 active unit remaining.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Fontana - Building C as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units5
-3 (37.5%)
Avg Asking Rent$3,126
+$279 (9.8%)
Avg Suite Size969 sf
+66 sf (7.3%)
Avg Days on Market34d
+8d (33.7%)
Avg Asking $/SF$3.24
+$0.06 (2.0%)

Active Market Insights & Questions

How has rental availability changed at Fontana - Building C recently?

Fontana - Building C features 5 active listings as of August 31, 2026, offering a price range of $2,380 to $3,600 per month with an average asking rent of $3,126 per month and a median asking rent of $3,200 per month. Active suites average 969 square feet with an asking rate of $3.24 per square foot. The dominant layout share is 80 percent, and current inventory leans heavily toward multi-bedroom executive layouts rather than compact entry-level suites.

What floor plans and unit layouts are currently available at Fontana - Building C?

The dominant active layout at Fontana - Building C is the 2-Bedroom plus Den, accounting for 4 active listings and an 80 percent inventory share. This tier averages $3,313 per month, a median of $3,300 per month, an asking rate of $3.26 per square foot, and an average size of 1,023 square feet across a limited selection. Meanwhile, the 1-Bedroom plus Den tier comprises 1 active listing representing a 20 percent share, averaging $2,380 per month at an asking rate of $3.17 per square foot across 750 square feet.

What is the average asking rent and $/SF by suite size at Fontana - Building C?

Fontana - Building C records a minimum entry rent of $2,380 per month and a peak asking rent of $3,600 per month, yielding a dollar spread of $1,220 per month and a percentage spread of 51.3 percent. The median asking rent sits at $3,200 per month. The entry-level suite consists of a 1-Bedroom plus Den layout measuring 750 square feet with an asking rate of $3.17 per square foot, while the peak suite is a 2-Bedroom plus Den layout measuring 1,208 square feet with an asking rate of $2.98 per square foot.

How much extra do parking spaces and dens cost at Fontana - Building C?

Active den premium data for Fontana - Building C is currently unavailable as active den square footage deltas and dollar premiums are null. Active parking premium data cannot be reliably isolated due to an insufficient paired sample, meaning parking fees cannot be accurately determined from current listings.

How do asking rents at Fontana - Building C compare to local and municipal benchmarks?

Fontana - Building C asks an average rent of $3,126 per month at $3.24 per square foot, comparing to the Markham City Centre submarket asking benchmark of $2,711 per month at $3.58 per square foot. The higher nominal monthly rent is driven by larger suite sizing rather than inflated unit pricing, as the building's asking rate per square foot sits 9.5 percent below the submarket average while representing approximately 5.2 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 Fontana - Building C (Data period: For the month of August 2026).

Units Leased5
Avg Leased Price$2,490
Avg Leased Size809 sf
Avg Days to Lease39d
Leased $/SF$3.08

Leased Transaction Insights & Questions

How many suites were leased at Fontana - Building C last month, and how fast did they rent?

At Fontana - Building C, the 30-day average days on market is 39 days, the 90-day average days on market is 33 days, and the submarket benchmark days on market is 27 days. Closed lease counts tracked 5 units over the 30-day window, 9 units over the 90-day window, and 9 units over the lifetime tracked period, demonstrating that leasing turnover moderated over the summer months.

What is the negotiation spread between asking rents and closed lease prices at Fontana - Building C?

At Fontana - Building C, tenants secured an average monthly discount of $31 per month, representing a 1.24% reduction below asking price and delivering $372 in annual tenant savings. Exactly 33.3% of leases closed under asking, reflecting a tenant-favorable leasing environment where landlords offered minor pricing concessions.

What are typical executed lease prices across different layouts at Fontana - Building C?

The two highest-volume anchor layouts at Fontana - Building C are the 1-Bedroom + Den and the 2-Bedroom + Den. The 1-Bedroom + Den configuration recorded 7 closed leases with an average monthly rent of $2,307 per month, a median lease rent of $2,350 per month, a P25-P75 range of $2,325 to $2,350 per month, an average square footage of 733 square feet, an average rate of $3.15 per square foot, and an average days on market of 38 days, operating as a moderate sample size. The 2-Bedroom + Den configuration recorded 2 closed leases with an average monthly rent of $3,325 per month, a median lease rent of $3,325 per month, a P25-P75 range of $3,288 to $3,362 per month, an average square footage of 1,073 square feet, an average rate of $3.13 per square foot, and an average days on market of 16 days, serving as a directional reference only due to its limited sample size.

What measurable rent premium did suites with parking achieve in closed leases at Fontana - Building C?

At Fontana - Building C, realized parking premiums averaged a verified $300 per month when leased alongside a suite. Parking is frequently bundled into standard lease agreements for larger bedroom tiers. Active asking parking rates lacked sufficient paired data to isolate separate line-item values.

How does the lease-to-listing ratio at Fontana - Building C reflect current tenant demand?

At Fontana - Building C, overall monthly rent demonstrated a downward trajectory across the tracked summer timeline. In July 2026, 4 units closed with an average rent of $2,588 per month, an average rate of $3.22 per square foot, and an average days on market of 26 days. In August 2026, 5 units closed with an average rent of $2,490 per month, an average rate of $3.08 per square foot, and an average days on market of 39 days.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$3,100
Avg Suite Size985 sf
Avg Days on Market19d
Delisted $/SF$3.15

De-Listed Market Analysis & Questions

How many listings de-listed at Fontana - Building C, and what was their re-listing price compared to previous asking?

At Fontana - Building C, exactly 1 unit was delisted, resulting in a delisted-to-leased ratio of 11.1% against lifetime leases and 20% against 30-day leasing volume. This single delisted event consisted entirely of 1 terminated listing. This indicates a healthy market ratio where approximately 1 listing was withdrawn for every 9 successful leases.

How do asking prices on de-listed suites compare to executed leases and active listings at Fontana - Building C?

At Fontana - Building C, unrented delisted units asked an average of $3,100 per month, representing a nominal dollar spread of $610 per month above realized lease averages of $2,490 per month. Unrented units were overpriced relative to realized market rates, leading to immediate pushback on price from prospective tenants.

What market friction causes rental listings to stall or de-list at Fontana - Building C?

At Fontana - Building C, delisted units recorded an average days on market of 19 days compared to 33 days for realized leases. Because this delisted cohort was withdrawn rapidly after 19 days, excess vacancy carry was minimal, preventing prolonged monthly holding costs or excessive vacancy accumulation for the landlord.

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
Select layout to filter chart
Chart Metrics
Max 2 Plotted
Show Min / Max Range Bands
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)
2026-04-27426138003.2735
2026-04-28426138003.2736
2026-04-29426138003.2737
2026-04-30426138003.2738
2026-05-01426138003.2739
2026-05-02426138003.2740
2026-05-03426138003.2741
2026-05-04426138003.2742
2026-05-05426138003.2743
2026-05-06426138003.2744
2026-05-07426138003.2745
2026-05-08426138003.2746
2026-05-09426138003.2747
2026-05-10426138003.2748
2026-05-11426138003.2749
2026-05-12426138003.2750
2026-05-13426138003.2751
2026-05-14426138003.2752
2026-05-15426138003.2753
2026-05-16426138003.2754
2026-05-17426138003.2755
2026-05-18426138003.2756
2026-05-19426138003.2757
2026-05-20426138003.2758
2026-05-21426138003.2759
2026-05-22426138003.2760
2026-05-23426138003.2761
2026-05-24426138003.2762
2026-05-25426138003.2763
2026-05-26426138003.2764
2026-05-27324507503.2770
2026-05-28324507503.2771
2026-05-29324507503.2772
2026-05-30324507503.2773
2026-05-31224507503.2766
2026-06-01224507503.2767
2026-06-02224507503.2768
2026-06-03224507503.2769
2026-06-04224507503.2770
2026-06-05224507503.2771
2026-06-06224507503.2772
2026-06-07224507503.2773
2026-06-08324177503.2249
2026-06-09424007503.2038
2026-06-10523907503.1931
2026-06-11523907503.1932
2026-06-12523907503.1933
2026-06-13523907503.1934
2026-06-14523907503.1935
2026-06-15523907503.1936
2026-06-16523907503.1937
2026-06-17523907503.1938
2026-06-18625087893.1833
2026-06-19625087893.1834
2026-06-20625087893.1835
2026-06-21625087893.1836
2026-06-22625087893.1837
2026-06-23625087893.1838
2026-06-24625087893.1839
2026-06-25625087893.1840
2026-06-26625087893.1841
2026-06-27726368123.2436
2026-06-28726368123.2437
2026-06-29726368123.2438
2026-06-30826948293.2421
2026-07-01826948293.2422
2026-07-02826948293.2423
2026-07-03926568193.2321
2026-07-04926568193.2322
2026-07-05926568193.2323
2026-07-06926568193.2324
2026-07-07926568193.2325
2026-07-08926568193.2326
2026-07-09926568193.2327
2026-07-101027508583.2125
2026-07-111027508583.2126
2026-07-121027508583.2127
2026-07-131027508583.2128
2026-07-141027508583.2129
2026-07-151027508583.2130
2026-07-16926948473.1830
2026-07-17926948473.1831
2026-07-18827388603.1931
2026-07-19827388603.1932
2026-07-20827198473.2228
2026-07-21928038863.1925
2026-07-22928038863.1926
2026-07-23928038863.1915
2026-07-24928038863.1916
2026-07-25928038863.1917
2026-07-26928038863.1918
2026-07-27928038863.1919
2026-07-28828489033.1822
2026-07-29828489033.1823
2026-07-30828489033.1824
2026-07-31828489033.1825
2026-08-01828489033.1826
2026-08-02828489033.1827
2026-08-03828489033.1828
2026-08-04828419033.1727
2026-08-05828419033.1728
2026-08-06727508613.2131
2026-08-07727508613.2132
2026-08-08727508613.2133
2026-08-09727508613.2134
2026-08-10628178793.2230
2026-08-11529209053.2529
2026-08-12529209053.2530
2026-08-13430639483.2629
2026-08-14430639483.2630
2026-08-15430639483.2631
2026-08-16430639483.2632
2026-08-17530909493.2826
2026-08-18530909493.2827
2026-08-19530909493.2828
2026-08-20530909493.2829
2026-08-21629729163.2625
2026-08-22629729163.2626
2026-08-23531269693.2426
2026-08-24531269693.2427
2026-08-25531269693.2428
2026-08-26531269693.2429
2026-08-27531269693.2430
2026-08-28531269693.2431
2026-08-29531269693.2432
2026-08-30531269693.2433
2026-08-31531269693.2434

12-Month Market Dynamics & Trend Trajectory

Fontana - Building C has recorded a lifetime leasing volume of 9 transactions, achieving an average monthly rent of $2,533 per month at an average rate of $3.14 per square foot. Suites feature an average size of 809 square feet with a lifetime average days on market of 33 days, reflecting steady tenant turnover in the Markham City Centre submarket. Pricing discipline at the property leans in favor of incoming occupants, with transactions settling below asking and yielding an average tenant discount of $31 per month (1.24%). With 33.3% of leases closing below asking price, landlords demonstrated willingness to offer concessions rather than risk extended vacancy carry in a competitive submarket.

Loading inventory data…

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
Chart metrics & timeframe
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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)
2026-07-12228008503.2828
2026-07-19123507503.1341
2026-07-26124007503.205
2026-08-021340011952.8516
2026-08-09323337443.1448
2026-08-160N/AN/AN/AN/A
2026-08-23120506503.1534

Nearby Building Rental Comparables & Price Spreads

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

Fontana - Building C at 38 Cedarland Dr is closely surrounded by a competitive set featuring Fontana - Building A at 89 South Town Centre Blvd (0.05 km away, completed in 2016, with 10 active listings), Fontana - Building D at 33 Clegg Rd (0.08 km away, completed in 2017, with 5 active listings), Fontana - Building B at 99 South Town Centre Blvd (0.08 km away, completed in 2016, with 6 active listings), and Eko Markham Centre - Noa 3 at 30 Clegg Rd (0.12 km away, completed in 2009, with 7 active listings). Structurally, the immediate cluster consists of mid-2010s master-planned developments, alongside the slightly older 2009 vintage of Eko Markham Centre. Within this Markham City Centre micro-market, the overall comparable benchmark sits at an average rent of $2,440 per month, an average rate of $3.39 per square foot, and an average suite size of 730 square feet. Fontana - Building C positions itself as a competitively priced mid-tier option within its immediate master-planned community, offering favorable value per square foot compared to its older and newer neighbours alike.

89 South Town Centre Blvd, Markham

Avg Asking$2,766/mo
Avg $/SF$3.21
Rent Spread:
-$360/mo (-11.5%) Lower

33 Clegg Rd, Markham

Avg Asking$2,572/mo
Avg $/SF$3.38
Rent Spread:
-$554/mo (-17.7%) Lower

99 South Town Centre Blvd, Markham

Avg Asking$2,568/mo
Avg $/SF$3.36
Rent Spread:
-$558/mo (-17.8%) Lower

30 Clegg Rd, Markham

Avg Asking$2,334/mo
Avg $/SF$3.46
Rent Spread:
-$792/mo (-25.3%) Lower

9 Clegg Rd, Markham

Avg Asking$2,771/mo
Avg $/SF$3.60
Rent Spread:
-$355/mo (-11.3%) Lower

8 Cedarland Dr, Markham

Avg Asking$2,643/mo
Avg $/SF$3.56
Rent Spread:
-$483/mo (-15.4%) Lower

Comparable Analysis & Questions

How do rental rates at Fontana - Building C compare to neighbouring buildings within Markham City Centre?

Fontana - Building C achieves an average lease rent that aligns closely with the broader competitor average of $2,440 per month across the immediate master-planned pocket. Fontana - Building A (89 South Town Centre Blvd) reported an average lease rent of $2,713 per month at $3.20 per square foot across an average of 855 square feet. Fontana - Building D (33 Clegg Rd) recorded an average lease rent of $2,395 per month at $3.41 per square foot across an average of 710 square feet. Fontana - Building B (99 South Town Centre Blvd) achieved an average lease rent of $2,458 per month at $3.39 per square foot across an average of 732 square feet. Finally, Eko Markham Centre - Noa 3 (30 Clegg Rd) posted an average lease rent of $2,193 per month at $3.54 per square foot across an average of 623 square feet.

Does Fontana - Building C offer a competitive price-per-square-foot ($/SF) against local comparables?

Fontana - Building C establishes its value proposition by offering a lower rate per square foot than its immediate competitors while providing generous layouts relative to older alternatives. Renters evaluate trade-offs between the modern structural efficiencies of the 2017-built master-planned towers and the smaller 623 square foot footprints found at Eko Markham Centre - Noa 3 ($3.54 per square foot). By comparison, Fontana - Building A averages 855 square feet at $3.20 per square foot, Fontana - Building D averages 710 square feet at $3.41 per square foot, and Fontana - Building B averages 732 square feet at $3.39 per square foot.

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

Fontana - Building C delivers a comprehensive lifestyle and amenity profile that rivals surrounding master-planned towers in Markham City Centre. The subject building features 5 signature amenities including an indoor pool, a dedicated basketball court, a yoga studio, a gym and fitness centre, and a party and lounge room. When compared to nearby peers, Fontana - Building C matches the indoor pools and fitness facilities found at Fontana - Building A, Building B, and Building D, while outfitting residents with specialized recreation spaces like its indoor basketball court that exceed the standard offerings found at Eko Markham Centre - Noa 3. These amenities make the building well-suited for fitness-oriented professionals and families seeking active community spaces.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Fontana - Building C.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Indoor Pool
  • Party & Lounge Room
  • Meeting Room
  • Basketball Court
  • Yoga Studio
  • BBQ Area

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Fontana - Building C.

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.