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Market Data as of August 31, 2026

Pavilia Towers - Building B — Rental Market Data

38 Gandhi Lane, Markham, Ontario L3T 0G9
Quick Rent Estimate
Active Suites4 Available
Type
Units
Avg Rent
2-Bedroom
2
$2,975
1-Bedroom
1
$1,550
3-Bedroom+
1
$4,699

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2023
Total Suites369
DeveloperTimes Group

Pavilia Towers - Building B at 38 Gandhi Lane in the Markham West neighborhood of Markham is an established development completed in 2023 by Times Group, containing 369 total suites. The building currently reports 4 active listings, representing an availability rate of 1.1%. Over the past 90 days, the property achieved 10 closed leases with an average days on market of 13, alongside 6 closed leases over the past 30 days maintaining an average days on market of 17.

Current active asking rents average $3,050 per month at $2.83 per square foot, comparing directly against the 90-day realized lease average of $2,608 per month at $3.68 per square foot. Active inventory averages 1,111 square feet, which runs larger than the historical lease average of 722 square feet, positioning the active asking rate per square foot below the broader Markham West submarket asking benchmark of $3.61 per square foot by 21.6%.

Landlord leasing activity demonstrates a tenant-favorable backdrop where 27.3% of leases closed under asking, securing an average discount of $18 per month (a 0.75% markdown), while unrented units sat on the market for an average of 30 days while asking $3,100 per month. Prospective renters find the deepest selection in 2-Bedroom active layouts, backed by single-listing availability in 1-Bedroom and 3-Bedroom+ tiers.

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Active Rental Inventory & Asking Rates

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

Active Units4
-1 (20.0%)
Avg Asking Rent$3,050
+$70 (2.3%)
Avg Suite Size1,111 sf
+317 sf (39.9%)
Avg Days on Market22d
+7d (49.3%)
Avg Asking $/SF$2.83
-$1.00 (26.1%)

Active Market Insights & Questions

How has rental availability changed at Pavilia Towers - Building B recently?

Pavilia Towers - Building B features 4 active listings as of August 31, 2026, offering an asking price range between $1,550 and $4,699 per month with an average rent of $3,050 per month and a median rent of $2,975 per month. Active suites average 1,111 square feet at an asking rate of $2.83 per square foot, with 2-Bedroom layouts capturing a dominant 50% share of available inventory. Current listings skew toward larger floor plans rather than entry-level compact layouts.

What floor plans and unit layouts are currently available at Pavilia Towers - Building B?

The dominant active layout at Pavilia Towers - Building B is the 2-Bedroom configuration, which accounts for 2 active listings and a 50% inventory share, asking an average rent of $2,975 per month across an average of 900 square feet at $3.32 per square foot. The 1-Bedroom tier provides 1 active listing representing a 25% share, averaging $1,550 per month across 1,300 square feet at $1.19 per square foot. The 3-Bedroom+ tier accounts for the remaining 25% share with 1 active listing asking $4,699 per month across 1,344 square feet at $3.50 per square foot.

What is the average asking rent and $/SF by suite size at Pavilia Towers - Building B?

Pavilia Towers - Building B features a minimum entry rent of $1,550 per month and a peak asking rent of $4,699 per month, establishing a dollar spread of $3,149 per month or a 203.2% spread. The median asking rent sits at $2,975 per month across all active inventory. The entry-level option consists of a 1-Bedroom suite offering 1,300 square feet at an asking rate of $1.19 per square foot, whereas the peak tier comprises a 3-Bedroom+ residence spanning 1,344 square feet at an asking rate of $3.50 per square foot.

How much extra do parking spaces and dens cost at Pavilia Towers - Building B?

Pavilia Towers - Building B currently lacks sufficient data to isolate active den premiums or square footage deltas. Active parking premium data is inconclusive due to an anomalous outlier or insufficient paired sample, meaning parking stall costs cannot be reliably isolated from current listings.

How do asking rents at Pavilia Towers - Building B compare to local and municipal benchmarks?

Pavilia Towers - Building B asks an average rent of $3,050 per month at $2.83 per square foot, comparing to the Markham West submarket asking average of $2,730 per month at $3.61 per square foot. The building's lower nominal rate per square foot is driven by larger average suite sizes rather than cheaper base pricing, with the building's asking rate per square foot sitting 21.6% below the submarket asking benchmark. Active inventory accounts for 40 total active listings across the broader submarket.

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 Pavilia Towers - Building B (Data period: For the month of August 2026).

Units Leased6
Avg Leased Price$2,530
Avg Leased Size722 sf
Avg Days to Lease17d
Leased $/SF$3.82

Leased Transaction Insights & Questions

How many suites were leased at Pavilia Towers - Building B last month, and how fast did they rent?

Pavilia Towers - Building B recorded an average of 17 days on market over the past 30 days, 13 days over the past 90 days, and a lifetime average of 15 days, comparing favorably against the broader Markham West submarket benchmark of 26 days. Leasing velocity accelerated with 6 closed transactions in the past 30 days, following 4 transactions earlier in the 90-day window, demonstrating robust tenant absorption through the summer months.

What is the negotiation spread between asking rents and closed lease prices at Pavilia Towers - Building B?

Pavilia Towers - Building B transactions closed at an average discount of $18 per month off asking, representing a 0.75% markdown below asking price and delivering $216 per year in annual tenant savings through landlord concessions. Exactly 27.3% of leases closed under asking, reflecting a tenant-favorable leasing environment where well-positioned units traded slightly below initial landlord expectations.

What are typical executed lease prices across different layouts at Pavilia Towers - Building B?

Pavilia Towers - Building B leasing activity was anchored by 1-Bedroom and 1-Bedroom + Den floor plans, which commanded average monthly rents of $2,350 per month and $2,400 per month with average marketing times of 17 and 19 days respectively. The 1-Bedroom tier comprised 4 closed leases with an average rent of $2,350 per month, a median rent of $2,325 per month, a P25-P75 range of $2,300 to $2,375 per month, an average size of 586 square feet, $4.02 per square foot, and an average DOM of 17 days (note that this represents an individual deal rather than a broad statistical benchmark). The 1-Bedroom + Den tier represented 4 closed leases with an average rent of $2,400 per month, a median rent of $2,400 per month, a P25-P75 range of $2,388 to $2,412 per month, an average footprint of 645 square feet, $3.72 per square foot, and an average DOM of 19 days (note that this represents an individual deal rather than a broad statistical benchmark). The 2-Bedroom + Den tier accounted for 2 closed leases averaging $3,240 per month, a median of $3,240 per month, a P25-P75 range of $3,170 to $3,310 per month, an average area of 1,031 square feet, $3.15 per square foot, and an average DOM of 9 days (note that this represents an individual deal rather than a broad statistical benchmark). The 2-Bedroom tier represented an individual single transaction closing at an average rent of $2,950 per month, a median of $2,950 per month, a P25-P75 range of $2,950 to $2,950 per month, an average size of 950 square feet, $3.11 per square foot, and a 5-day marketing period (note that this represents an individual deal rather than a broad statistical benchmark).

What measurable rent premium did suites with parking achieve in closed leases at Pavilia Towers - Building B?

Pavilia Towers - Building B registered insufficient paired data to isolate a distinct monthly leased parking premium. Suite bundling patterns indicate that vehicle stalls were typically included within larger multi-bedroom tier leases without separate line-item accounting. Active parking premium data remains inconclusive due to an insufficient sample size.

How does the lease-to-listing ratio at Pavilia Towers - Building B reflect current tenant demand?

Pavilia Towers - Building B rents followed an upward trajectory across the tracked monthly timeline from spring to late summer. In April 2026, 1 lease closed at an average rent of $2,350 per month, $3.62 per square foot, and 35 days on market. In June 2026, 2 leases closed at an average rent of $3,025 per month, $3.18 per square foot, and 7 days on market. In July 2026, 2 leases closed at an average rent of $2,425 per month, $3.73 per square foot, and 7 days on market. In August 2026, 6 leases closed at an average rent of $2,530 per month, $3.82 per square foot, and 17 days on market.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$3,100
Avg Suite Size850 sf
Avg Days on Market30d
Delisted $/SF$3.65

De-Listed Market Analysis & Questions

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

Pavilia Towers - Building B recorded 1 total delisted unit, representing a delisted-to-leased ratio of 16.7% relative to 11 closed leases. This unrented listing consisted entirely of 1 terminated record, with zero expired or suspended listings. This equates to roughly 1 listing pulled for every 6 successful leases, indicating a healthy and efficient landlord leasing channel.

How do asking prices on de-listed suites compare to executed leases and active listings at Pavilia Towers - Building B?

Pavilia Towers - Building B unrented units asked an average of $3,100 per month, which is $570 per month above realized lease averages of $2,530 per month. The rate per square foot for delisted units averaged $3.65 per square foot compared to the overall leased average of $3.67 per square foot. Unrented units were overpriced relative to realized leases, as landlords pushed asking rates beyond what active prospective tenants were willing to pay.

What market friction causes rental listings to stall or de-list at Pavilia Towers - Building B?

Pavilia Towers - Building B unrented units sat on the market for an average of 30 days, exceeding realized lease marketing times by an excess of 13 days. Translating these 13 excess marketing days into economic carrying costs results in roughly half a month of lost rental income plus ongoing monthly condo maintenance fees, illustrating the financial penalty of overpricing.

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)
2026-04-271450013443.359
2026-04-281450013443.3510
2026-04-292382511473.336
2026-04-302382511473.337
2026-05-012382511473.338
2026-05-022382511473.339
2026-05-032382511473.3310
2026-05-042382511473.3311
2026-05-05333839813.508
2026-05-06333839813.509
2026-05-07333839813.5010
2026-05-08333839813.5011
2026-05-09333839813.5012
2026-05-10333839813.5013
2026-05-11333839813.5014
2026-05-12333839813.5015
2026-05-13333839813.5016
2026-05-144293810612.9413
2026-05-154293810612.9414
2026-05-164293810612.9415
2026-05-174293810612.9416
2026-05-184293810612.9417
2026-05-194293810612.9418
2026-05-203286710982.8118
2026-05-213286710982.8119
2026-05-223286710982.8120
2026-05-233286710982.8121
2026-05-243286710982.8122
2026-05-253286710982.8123
2026-05-263286710982.8124
2026-05-273286710982.8125
2026-05-283286710982.8126
2026-05-293286710982.8127
2026-05-303286710982.8128
2026-05-313286710982.8129
2026-06-012305013222.2931
2026-06-022305013222.2932
2026-06-032305013222.2933
2026-06-042305013222.2934
2026-06-054303811362.7418
2026-06-064303811362.7419
2026-06-074303811362.7420
2026-06-084303811362.7421
2026-06-094303811362.7422
2026-06-10427639993.1221
2026-06-11427639993.1222
2026-06-12427639993.1223
2026-06-133265010153.0730
2026-06-143265010153.0731
2026-06-153265010153.0732
2026-06-163265010153.0733
2026-06-173265010153.0734
2026-06-183265010153.0735
2026-06-193265010153.0736
2026-06-203265010153.0737
2026-06-213265010153.0738
2026-06-223265010153.0739
2026-06-23217258502.9327
2026-06-24217258502.9328
2026-06-25118504004.6315
2026-06-26118504004.6316
2026-06-27118504004.6317
2026-06-28118504004.6318
2026-06-29118504004.6319
2026-06-30221255254.1610
2026-07-01221255254.1611
2026-07-02124006503.692
2026-07-03124006503.693
2026-07-04124006503.694
2026-07-05124006503.695
2026-07-06124006503.696
2026-07-07235509973.594
2026-07-08235509973.595
2026-07-091469913443.502
2026-07-10235759973.632
2026-07-11235759973.633
2026-07-12235759973.634
2026-07-13528707543.892
2026-07-14429757803.923
2026-07-15429757803.924
2026-07-16429757803.925
2026-07-17429757803.926
2026-07-18429757803.927
2026-07-19429757803.928
2026-07-20530007943.877
2026-07-21530007943.878
2026-07-22530007943.879
2026-07-23530007943.8710
2026-07-24530007943.8711
2026-07-25530007943.8712
2026-07-26530007943.8713
2026-07-27530007943.8714
2026-07-28530007943.8715
2026-07-29530007943.8716
2026-07-30529807943.8313
2026-07-31529807943.8314
2026-08-01529807943.8315
2026-08-02630478473.7014
2026-08-03630478473.7015
2026-08-04630478473.7016
2026-08-05630478473.7017
2026-08-06630478473.7018
2026-08-07433829643.6120
2026-08-08433829643.6121
2026-08-09433829643.6122
2026-08-10433829643.6123
2026-08-11433829643.6124
2026-08-12333839153.8130
2026-08-13333839153.8131
2026-08-14333839153.8132
2026-08-15333839153.8133
2026-08-16333839153.8134
2026-08-17333839153.8135
2026-08-18333839153.8136
2026-08-19431008243.8920
2026-08-20629678163.7414
2026-08-21629678163.7415
2026-08-22629678163.7416
2026-08-23727648853.3815
2026-08-24727648853.3816
2026-08-25628339413.2318
2026-08-26529109993.1222
2026-08-27529109993.1223
2026-08-28529109993.1224
2026-08-29529109993.1225
2026-08-30529109993.1226
2026-08-314305011112.8322

12-Month Market Dynamics & Trend Trajectory

Pavilia Towers - Building B has achieved a lifetime leasing volume of 11 transactions, with an overall average monthly rent of $2,585 per month and an average rate of $3.67 per square foot. Suite sizes average 722 square feet across all recorded leases, backed by a fast lifetime average marketing time of 15 days that points to steady tenant turnover in this Markham West community. Transaction distribution reflects a tenant-favorable leasing environment where 27.3% of deals closed below asking price. Tenants successfully negotiated an average discount of $18 per month, yielding $216 in annual savings and confirming that prospective renters held slight pricing leverage during the tracked leasing window.

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
Max 2 selected
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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)
2026-06-07230259503.187
2026-06-140N/AN/AN/AN/A
2026-06-210N/AN/AN/AN/A
2026-06-280N/AN/AN/AN/A
2026-07-05124006503.699
2026-07-12124506503.774
2026-07-190N/AN/AN/AN/A
2026-07-260N/AN/AN/AN/A
2026-08-02223506133.8317
2026-08-091338011123.0410
2026-08-160N/AN/AN/AN/A
2026-08-23223756003.986
2026-08-30123505504.2749

Nearby Building Rental Comparables & Price Spreads

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

Pavilia Towers - Building B operates within a dense micro-market anchored by four primary competitor properties located within a 0.28-kilometer radius, representing two distinct structural generations. The immediate competitive set includes Pavilia Towers - Building A at 12 Gandhi Lane (0.08 km away, completed in 2023 with 22 active listings), Galleria Tower at 51 Saddlecreek Dr (0.16 km away, built in 2005 with 2 active listings), Thornhill Tower II at 48 Suncrest Blvd (0.24 km away, built in 2004 with 4 active listings), and Parkview Tower II at 37 Galleria Pkwy (0.28 km away, built in 2007 with 5 active listings). While Pavilia Towers - Building A shares the same modern 2023 construction era, the remaining three properties comprise older developments built between 2004 and 2007. Evaluating overall comparable benchmarks across the micro-market reveals an average comp rent of $2,314 per month, an average rate of $3.41 per square foot, and an average suite size of 687 square feet. Positioned as a contemporary new construction asset built in 2023, Pavilia Towers - Building B commands a higher rate per square foot than its mid-2000s competitors due to modern finish quality and efficient architectural layouts, while closely aligning with its sister tower in pricing benchmarks and tenant appeal.

12 Gandhi Lane, Markham

Avg Asking$2,673/mo
Avg $/SF$3.62
Rent Spread:
-$376/mo (-12.3%) Lower

370 Highway 7 E, Richmond Hill

Avg Asking$2,406/mo
Avg $/SF$3.64
Rent Spread:
-$644/mo (-21.1%) Lower

51 Saddlecreek Dr, Markham

Avg Asking$2,083/mo
Avg $/SF$3.41
Rent Spread:
-$966/mo (-31.7%) Lower

372 Highway 7 E, Richmond Hill

Avg Asking$2,286/mo
Avg $/SF$3.66
Rent Spread:
-$764/mo (-25.0%) Lower

48 Suncrest Blvd, Markham

Avg Asking$2,279/mo
Avg $/SF$3.53
Rent Spread:
-$771/mo (-25.3%) Lower

376 Highway 7 E, Richmond Hill

Avg Asking$2,310/mo
Avg $/SF$3.90
Rent Spread:
-$740/mo (-24.3%) Lower

Comparable Analysis & Questions

How do rental rates at Pavilia Towers - Building B compare to neighbouring buildings within Markham West?

Pavilia Towers - Building B achieves an average lease rent of $2,585 per month, outpacing the overall comp average of $2,314 per month across key nearby competitor benchmarks including Pavilia Towers - Building A, Galleria Tower, Thornhill Tower II, and Parkview Tower II. Individual building metrics highlight Pavilia Towers - Building A at 12 Gandhi Lane with an average rent of $2,688 per month, $3.48 per square foot, and an average square footage of 795 square feet; Galleria Tower at 51 Saddlecreek Dr with an average rent of $2,025 per month, $3.12 per square foot, and an average square footage of 650 square feet; Thornhill Tower II at 48 Suncrest Blvd with an average rent of $2,113 per month, $3.47 per square foot, and an average square footage of 613 square feet; and Parkview Tower II at 37 Galleria Pkwy with an average rent of $2,430 per month, $3.57 per square foot, and an average square footage of 688 square feet.

Does Pavilia Towers - Building B offer a competitive price-per-square-foot ($/SF) against local comparables?

Pavilia Towers - Building B establishes its value proposition by trading at an average of $3.67 per square foot across an average suite size of 722 square feet, positioning it competitively against older mid-2000s alternatives and the broader submarket benchmark of $3.52 per square foot. Renters evaluating the building weigh specific trade-offs, accepting a modern, highly efficient contemporary layout with lower utility burdens and contemporary interior finishes in exchange for paying a modest premium over older, larger footprints found in properties like Thornhill Tower II, which averages 613 square feet at $3.47 per square foot, or Galleria Tower, which provides 650 square feet at $3.12 per square foot.

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

Pavilia Towers - Building B delivers a comprehensive lifestyle and amenity profile that surpasses older neighboring developments by offering contemporary resident spaces tailored to modern urban professionals and families. The property features signature amenities including an indoor pool, a dedicated yoga studio alongside a full gym and fitness centre, a relaxing sauna and steam room, a rooftop terrace, and an indoor kids' play room. When contrasted with older peers such as Galleria Tower, which limits its common elements to a concierge, gym, sauna, and party room, or Thornhill Tower II, which provides a pool and a golf simulator but lacks contemporary wellness and family spaces, Pavilia Towers - Building B offers a superior, resort-grade package that effectively serves young professionals, couples, and small families seeking modern communal living.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Pavilia Towers - Building B.

Building Amenities

  • Concierge & Security
  • EV Charging Station
  • Gym & Fitness Centre
  • Yoga Studio
  • Indoor Pool
  • Sauna & Steam Room
  • Games & Billiards Room
  • Party & Lounge Room
  • Library & Reading Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Kids' Play Room - Indoor

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Pavilia Towers - Building B.

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.