Market Data as of August 31, 2026
M City - Phase 1 — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Developed by Rogers Real Estate Development & Urban Capital Property Group, M City - Phase 1 stands at 3900 Confederation Pkwy in the Mississauga City Centre neighborhood as a 781-suite residential building completed in 2024. Active marketing volume tracks 18 available listings representing a 2.3 percent availability rate. Over the past 90 days, the building recorded 63 closed leases with an average of 27 days on the market, alongside 20 closed leases over the past 30 days with an average of 29 days on the market.
Active asking rents average $2,622 per month at $3.89 per square foot, tracking above the 90-day realized lease average of $2,406 per month at $3.94 per square foot. Current active inventory averages 685 square feet compared to historical lease averages of 661 square feet, while the building's active asking rate per square foot exceeds the Mississauga City Centre submarket asking benchmark of $3.64 per square foot by 6.9 percent.
Marketing friction remains low, evidenced by a closed average of 27 days on the market versus 28 days for unrented listings, while 32.6 percent of recent leases closed under asking with tenants securing an average discount of $28 per month. Deep inventory selection is concentrated in 2-bedroom configurations and 1-bedroom plus den layouts, whereas 2-bedroom plus den and 3-bedroom plus-size floor plans maintain highly restricted single-listing availability.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at M City - Phase 1 as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at M City - Phase 1 recently?
M City - Phase 1 carries 18 active listings as of August 31, 2026, with asking prices ranging from $2,150 to $4,500 per month, averaging $2,622 per month and a median of $2,475 per month. Available units average 685 square feet at an asking rate of $3.89 per square foot. Two-bedroom configurations anchor the active inventory with a dominant 38.9 percent share, reflecting a market footprint that balances compact entry-level options against larger multi-bedroom executive layouts.
What floor plans and unit layouts are currently available at M City - Phase 1?
Two-bedroom floor plans dominate active inventory at M City - Phase 1 with 7 listings capturing a 38.9 percent share, averaging $2,764 per month across an average of 707 square feet at $3.93 per square foot. Additional selection includes 5 units of 1-bedroom plus den layouts accounting for a 27.8 percent share at an average of $2,340 per month across 630 square feet, alongside 4 standard 1-bedroom suites representing a 22.2 percent share averaging $2,225 per month across 534 square feet. Rounding out the options are single-listing tiers comprising one 2-bedroom plus den unit asking $2,750 per month across 850 square feet and one 3-bedroom plus suite asking $4,500 per month across 1,249 square feet.
What is the average asking rent and $/SF by suite size at M City - Phase 1?
M City - Phase 1 exhibits a minimum entry rent of $2,150 per month and a peak asking rent of $4,500 per month, creating a dollar spread of $2,350 per month or 109.3 percent. Median asking rent sits at $2,475 per month. The entry-level option consists of a 1-bedroom suite spanning 400 square feet at $5.38 per square foot, whereas the peak tier is represented by a 3-bedroom plus-size layout spanning 1,249 square feet at $3.60 per square foot.
How much extra do parking spaces and dens cost at M City - Phase 1?
M City - Phase 1 features an active den premium of $115 per month associated with a square footage delta of 96 square feet. The marginal cost for the additional den space equates to $1.20 per square foot. Active parking premium data cannot be reliably isolated due to an insufficient paired sample or anomalous outliers.
How do asking rents at M City - Phase 1 compare to local and municipal benchmarks?
M City - Phase 1 commands an average asking rent of $2,622 per month at $3.89 per square foot, comparing against the Mississauga City Centre submarket asking benchmark of $2,771 per month at $3.64 per square foot. Lower nominal monthly outlays relative to the wider submarket are driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot exceeds the submarket by 6.9 percent, supported by an active inventory count of 18 units within a 242-unit submarket active pool.
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 M City - Phase 1 (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at M City - Phase 1 last month, and how fast did they rent?
M City - Phase 1 recorded an average of 29 days on market over the past 30 days, 27 days over the past 90 days, and a submarket benchmark of 23 days. Leasing turnover experienced steady momentum with 20 closed leases in the last 30 days, 63 closed leases over the last 90 days, and 89 total lifetime closed leases, reflecting consistent leasing activity across the summer.
What is the negotiation spread between asking rents and closed lease prices at M City - Phase 1?
M City - Phase 1 tenants negotiated an average discount of $28 per month, representing a 1.07% reduction below asking price and annual tenant savings of $336 per year. Approximately 32.6% of leases closed under asking, reinforcing a market environment where tenants maintained slight pricing leverage and extracted minor landlord concessions.
What are typical executed lease prices across different layouts at M City - Phase 1?
The two highest-volume anchor layouts at M City - Phase 1 were the 1-Bedroom + Den with 33 closed leases averaging $2,274 per month over 26 days on market, and the 2-Bedroom with 21 closed leases averaging $2,546 per month over 36 days on market. Every bedroom tier includes the following performance metrics: The 1-Bedroom + Den recorded 33 closed leases with an average monthly rent of $2,274 per month, a median of $2,250 per month, a P25-P75 range of $2,200 to $2,350 per month, an average size of 611 square feet, $3.81 per square foot, and 26 days on market. The 2-Bedroom tier recorded 21 closed leases with an average monthly rent of $2,546 per month, a median of $2,550 per month, a P25-P75 range of $2,500 to $2,600 per month, an average size of 712 square feet, $3.61 per square foot, and 36 days on market. The 2-Bedroom + Den tier recorded 18 closed leases with an average monthly rent of $2,773 per month, a median of $2,800 per month, a P25-P75 range of $2,625 to $2,838 per month, an average size of 816 square feet, $3.55 per square foot, and 23 days on market. The 1-Bedroom tier recorded 14 closed leases with an average monthly rent of $2,073 per month, a median of $2,100 per month, a P25-P75 range of $2,006 to $2,150 per month, an average size of 493 square feet, $4.32 per square foot, and 25 days on market. The Studio tier represents a limited sample size with 2 closed leases averaging $1,950 per month, a median of $1,950 per month, a P25-P75 range of $1,925 to $1,975 per month, an average size of 450 square feet, $4.38 per square foot, and 15 days on market. The 3-Bedroom+ tier represents an individual single transaction rather than a broad statistical benchmark, consisting of 1 closed lease at $3,500 per month, a median of $3,500 per month, a P25-P75 range of $3,500 to $3,500 per month, an average size of 1,226 square feet, $2.85 per square foot, and 13 days on market (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 M City - Phase 1?
M City - Phase 1 had insufficient paired data to isolate a realized leased parking premium per month. Suite bundling patterns varied, with parking typically included or omitted without distinct line-item separation across smaller floor plans. Active asking parking rates remained inconclusive due to an insufficient paired sample, preventing reliable isolation of separate parking stalls.
How does the lease-to-listing ratio at M City - Phase 1 reflect current tenant demand?
M City - Phase 1 demonstrated a resilient rent trajectory through the spring and summer leasing cycle. In April 2026, the building recorded 6 closed deals at an average rent of $2,213 per month, $3.35 per square foot, and 24 days on market. By May 2026, volume expanded to 18 closed deals averaging $2,505 per month, $3.45 per square foot, and 28 days on market. June 2026 saw 22 closed deals averaging $2,390 per month, $3.74 per square foot, and 24 days on market. July 2026 recorded 23 closed deals averaging $2,358 per month, $4.21 per square foot, and 28 days on market. August 2026 concluded the period with 20 closed deals averaging $2,483 per month, $3.80 per square foot, and 29 days on market.
De-Listed & Terminated Rental Market Dynamics
Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at M City - Phase 1 (Data period: For the month of August 2026).
De-Listed Market Analysis & Questions
How many listings de-listed at M City - Phase 1, and what was their re-listing price compared to previous asking?
M City - Phase 1 recorded 2 total delisted units, representing a delisted-to-leased ratio percentage of 10% based on 2 terminated listings, 0 expired listings, and 0 suspended listings. This indicates a healthy market ratio where approximately 1 listing was pulled for every 10 successful leases.
How do asking prices on de-listed suites compare to executed leases and active listings at M City - Phase 1?
M City - Phase 1 unrented units asked an average of $2,600 per month, which was $117 per month above realized lease averages of $2,483 per month, accompanied by an average rate of $3.49 per square foot. Unrented units were overpriced relative to realized leases, reflecting pushback on price from prospective tenants.
What market friction causes rental listings to stall or de-list at M City - Phase 1?
M City - Phase 1 delisted units averaged 28 days on market compared to a realized lease average of 27 days on market. Because delisted units actually cleared 1 day faster than successful leases, there was no vacancy carry penalty from prolonged marketing times, indicating that listings were pulled promptly when facing unrented listings rather than lingering on the market.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 28 | 2516 | 724 | 3.55 | 17 |
| 2026-04-28 | 27 | 2517 | 725 | 3.55 | 16 |
| 2026-04-29 | 25 | 2548 | 729 | 3.57 | 18 |
| 2026-04-30 | 24 | 2550 | 728 | 3.58 | 20 |
| 2026-05-01 | 24 | 2558 | 737 | 3.55 | 20 |
| 2026-05-02 | 22 | 2557 | 733 | 3.54 | 21 |
| 2026-05-03 | 20 | 2535 | 718 | 3.57 | 24 |
| 2026-05-04 | 22 | 2509 | 705 | 3.62 | 22 |
| 2026-05-05 | 22 | 2509 | 705 | 3.62 | 23 |
| 2026-05-06 | 23 | 2497 | 707 | 3.59 | 22 |
| 2026-05-07 | 25 | 2515 | 716 | 3.57 | 21 |
| 2026-05-08 | 25 | 2527 | 720 | 3.57 | 21 |
| 2026-05-09 | 25 | 2545 | 732 | 3.53 | 22 |
| 2026-05-10 | 25 | 2549 | 732 | 3.53 | 21 |
| 2026-05-11 | 27 | 2534 | 717 | 3.63 | 21 |
| 2026-05-12 | 28 | 2544 | 722 | 3.61 | 21 |
| 2026-05-13 | 28 | 2544 | 722 | 3.61 | 22 |
| 2026-05-14 | 29 | 2556 | 726 | 3.61 | 22 |
| 2026-05-15 | 30 | 2557 | 727 | 3.60 | 22 |
| 2026-05-16 | 31 | 2558 | 724 | 3.61 | 23 |
| 2026-05-17 | 32 | 2563 | 728 | 3.60 | 23 |
| 2026-05-18 | 30 | 2575 | 733 | 3.59 | 22 |
| 2026-05-19 | 29 | 2546 | 726 | 3.59 | 21 |
| 2026-05-20 | 29 | 2561 | 733 | 3.58 | 19 |
| 2026-05-21 | 28 | 2564 | 732 | 3.59 | 20 |
| 2026-05-22 | 29 | 2561 | 729 | 3.60 | 20 |
| 2026-05-23 | 29 | 2561 | 729 | 3.60 | 21 |
| 2026-05-24 | 28 | 2553 | 725 | 3.61 | 22 |
| 2026-05-25 | 25 | 2519 | 702 | 3.68 | 20 |
| 2026-05-26 | 24 | 2524 | 704 | 3.68 | 20 |
| 2026-05-27 | 25 | 2513 | 702 | 3.67 | 20 |
| 2026-05-28 | 27 | 2477 | 685 | 3.72 | 19 |
| 2026-05-29 | 25 | 2473 | 676 | 3.77 | 20 |
| 2026-05-30 | 25 | 2473 | 676 | 3.77 | 21 |
| 2026-05-31 | 25 | 2473 | 676 | 3.77 | 22 |
| 2026-06-01 | 25 | 2477 | 676 | 3.77 | 21 |
| 2026-06-02 | 25 | 2469 | 676 | 3.76 | 20 |
| 2026-06-03 | 24 | 2468 | 677 | 3.76 | 22 |
| 2026-06-04 | 25 | 2455 | 666 | 3.82 | 22 |
| 2026-06-05 | 26 | 2424 | 642 | 3.95 | 18 |
| 2026-06-06 | 25 | 2409 | 634 | 3.98 | 20 |
| 2026-06-07 | 24 | 2376 | 621 | 4.01 | 21 |
| 2026-06-08 | 24 | 2376 | 621 | 4.01 | 22 |
| 2026-06-09 | 23 | 2380 | 596 | 4.22 | 20 |
| 2026-06-10 | 22 | 2404 | 598 | 4.26 | 21 |
| 2026-06-11 | 23 | 2419 | 604 | 4.23 | 21 |
| 2026-06-12 | 21 | 2426 | 595 | 4.32 | 21 |
| 2026-06-13 | 21 | 2426 | 595 | 4.32 | 22 |
| 2026-06-14 | 20 | 2440 | 605 | 4.26 | 24 |
| 2026-06-15 | 15 | 2489 | 610 | 4.33 | 23 |
| 2026-06-16 | 16 | 2533 | 624 | 4.30 | 22 |
| 2026-06-17 | 16 | 2542 | 618 | 4.34 | 20 |
| 2026-06-18 | 16 | 2542 | 618 | 4.34 | 21 |
| 2026-06-19 | 16 | 2542 | 618 | 4.34 | 22 |
| 2026-06-20 | 18 | 2501 | 602 | 4.38 | 21 |
| 2026-06-21 | 18 | 2501 | 602 | 4.38 | 22 |
| 2026-06-22 | 20 | 2489 | 607 | 4.31 | 20 |
| 2026-06-23 | 20 | 2461 | 602 | 4.30 | 21 |
| 2026-06-24 | 21 | 2434 | 592 | 4.32 | 21 |
| 2026-06-25 | 20 | 2397 | 580 | 4.34 | 22 |
| 2026-06-26 | 20 | 2397 | 580 | 4.34 | 23 |
| 2026-06-27 | 20 | 2442 | 592 | 4.35 | 24 |
| 2026-06-28 | 20 | 2442 | 592 | 4.35 | 25 |
| 2026-06-29 | 18 | 2461 | 597 | 4.35 | 26 |
| 2026-06-30 | 18 | 2461 | 597 | 4.35 | 27 |
| 2026-07-01 | 18 | 2461 | 597 | 4.35 | 28 |
| 2026-07-02 | 18 | 2477 | 602 | 4.35 | 28 |
| 2026-07-03 | 18 | 2486 | 608 | 4.33 | 28 |
| 2026-07-04 | 20 | 2500 | 617 | 4.27 | 26 |
| 2026-07-05 | 19 | 2521 | 621 | 4.29 | 26 |
| 2026-07-06 | 19 | 2499 | 626 | 4.19 | 24 |
| 2026-07-07 | 21 | 2497 | 633 | 4.13 | 23 |
| 2026-07-08 | 21 | 2507 | 640 | 4.07 | 22 |
| 2026-07-09 | 23 | 2515 | 645 | 4.04 | 21 |
| 2026-07-10 | 23 | 2509 | 645 | 4.03 | 19 |
| 2026-07-11 | 23 | 2531 | 661 | 3.96 | 19 |
| 2026-07-12 | 22 | 2546 | 666 | 3.95 | 20 |
| 2026-07-13 | 20 | 2511 | 675 | 3.78 | 19 |
| 2026-07-14 | 21 | 2501 | 669 | 3.80 | 19 |
| 2026-07-15 | 22 | 2490 | 672 | 3.77 | 20 |
| 2026-07-16 | 23 | 2477 | 667 | 3.78 | 20 |
| 2026-07-17 | 23 | 2477 | 667 | 3.78 | 21 |
| 2026-07-18 | 23 | 2477 | 667 | 3.78 | 22 |
| 2026-07-19 | 22 | 2472 | 668 | 3.77 | 21 |
| 2026-07-20 | 23 | 2464 | 667 | 3.76 | 21 |
| 2026-07-21 | 23 | 2464 | 667 | 3.76 | 22 |
| 2026-07-22 | 24 | 2464 | 671 | 3.74 | 21 |
| 2026-07-23 | 25 | 2457 | 670 | 3.73 | 21 |
| 2026-07-24 | 26 | 2455 | 665 | 3.75 | 22 |
| 2026-07-25 | 26 | 2455 | 665 | 3.75 | 23 |
| 2026-07-26 | 27 | 2460 | 668 | 3.74 | 23 |
| 2026-07-27 | 24 | 2468 | 681 | 3.66 | 24 |
| 2026-07-28 | 21 | 2432 | 674 | 3.64 | 25 |
| 2026-07-29 | 19 | 2441 | 682 | 3.61 | 27 |
| 2026-07-30 | 17 | 2487 | 700 | 3.58 | 29 |
| 2026-07-31 | 15 | 2522 | 707 | 3.59 | 32 |
| 2026-08-01 | 15 | 2522 | 707 | 3.59 | 33 |
| 2026-08-02 | 13 | 2537 | 708 | 3.61 | 36 |
| 2026-08-03 | 13 | 2537 | 708 | 3.61 | 37 |
| 2026-08-04 | 14 | 2502 | 696 | 3.62 | 27 |
| 2026-08-05 | 16 | 2523 | 716 | 3.56 | 25 |
| 2026-08-06 | 19 | 2506 | 700 | 3.62 | 22 |
| 2026-08-07 | 20 | 2486 | 670 | 3.78 | 21 |
| 2026-08-08 | 24 | 2526 | 663 | 3.90 | 19 |
| 2026-08-09 | 22 | 2503 | 650 | 3.94 | 21 |
| 2026-08-10 | 22 | 2503 | 650 | 3.94 | 22 |
| 2026-08-11 | 19 | 2512 | 645 | 3.99 | 22 |
| 2026-08-12 | 18 | 2508 | 639 | 4.02 | 19 |
| 2026-08-13 | 19 | 2489 | 634 | 4.02 | 19 |
| 2026-08-14 | 17 | 2488 | 632 | 4.03 | 16 |
| 2026-08-15 | 17 | 2488 | 632 | 4.03 | 17 |
| 2026-08-16 | 14 | 2529 | 653 | 3.95 | 18 |
| 2026-08-17 | 14 | 2525 | 653 | 3.94 | 18 |
| 2026-08-18 | 13 | 2535 | 653 | 3.96 | 17 |
| 2026-08-19 | 14 | 2546 | 653 | 3.97 | 17 |
| 2026-08-20 | 15 | 2547 | 652 | 3.97 | 16 |
| 2026-08-21 | 14 | 2557 | 660 | 3.94 | 18 |
| 2026-08-22 | 15 | 2567 | 666 | 3.92 | 17 |
| 2026-08-23 | 16 | 2575 | 671 | 3.90 | 17 |
| 2026-08-24 | 16 | 2575 | 671 | 3.90 | 18 |
| 2026-08-25 | 17 | 2562 | 664 | 3.92 | 18 |
| 2026-08-26 | 19 | 2650 | 694 | 3.88 | 17 |
| 2026-08-27 | 20 | 2638 | 692 | 3.87 | 17 |
| 2026-08-28 | 18 | 2650 | 696 | 3.87 | 20 |
| 2026-08-29 | 18 | 2622 | 685 | 3.89 | 18 |
| 2026-08-30 | 18 | 2622 | 685 | 3.89 | 19 |
| 2026-08-31 | 18 | 2622 | 685 | 3.89 | 20 |
12-Month Market Dynamics & Trend Trajectory
M City - Phase 1 achieved a lifetime volume of 89 closed leases with an average rent of $2,414 per month, a rate of $3.79 per square foot, an average suite size of 661 square feet, and a lifetime average of 27 days on market, demonstrating steady tenant turnover across the project. Pricing discipline remained balanced as transactions settled with a slight tenant advantage, reflecting steady leasing absorption. Transaction distribution showed that 32.6% of leases closed under asking while the remainder secured terms at or near list price. The net negotiation discount averaged $28 per month, providing minor annual tenant savings and reflecting measured landlord concessions in a competitive submarket.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-26 | 3 | 2500 | 767 | 3.46 | 13 |
| 2026-05-03 | 4 | 2525 | 719 | 3.71 | 15 |
| 2026-05-10 | 1 | 2000 | 550 | 3.64 | 36 |
| 2026-05-17 | 5 | 2449 | 710 | 3.48 | 53 |
| 2026-05-24 | 5 | 2650 | 840 | 3.15 | 19 |
| 2026-05-31 | 5 | 2510 | 710 | 3.56 | 30 |
| 2026-06-07 | 6 | 2375 | 717 | 3.33 | 29 |
| 2026-06-14 | 5 | 2110 | 500 | 4.39 | 26 |
| 2026-06-21 | 3 | 2677 | 745 | 3.58 | 9 |
| 2026-06-28 | 5 | 2330 | 620 | 3.88 | 19 |
| 2026-07-05 | 5 | 2200 | 460 | 4.91 | 46 |
| 2026-07-12 | 3 | 2663 | 567 | 5.11 | 30 |
| 2026-07-19 | 2 | 2500 | 700 | 3.58 | 38 |
| 2026-07-26 | 11 | 2345 | 627 | 3.85 | 19 |
| 2026-08-02 | 4 | 2456 | 725 | 3.43 | 35 |
| 2026-08-09 | 8 | 2553 | 713 | 3.61 | 37 |
| 2026-08-16 | 5 | 2310 | 540 | 4.36 | 18 |
| 2026-08-23 | 3 | 2617 | 683 | 3.87 | 22 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
M City - Phase 1 at 3900 Confederation Pkwy operates within a dense competitive micro-market in Mississauga City Centre, evaluated alongside four direct neighbouring competitors within a 0.15-kilometer radius. The competitive set spans distinct architectural generations, ranging from mature properties built in 1990 and 1991 such as The Platinum Condos (350 Webb Drive N, 0.12 km away, 3 active listings) and Centre IV (400 Webb Drive, 0.15 km away, 6 active listings), to mid-decade inventory like Parkside Village - PSV (4011 Brickstone Mews, built in 2017, 0.14 km away, 45 active listings), up to contemporary peers completed in 2024 such as M2 - M City 2 (3883 Quartz Rd, 0.12 km away, 77 active listings). Across this immediate micro-market, the overall comparable benchmark registers an average lease rent of $2,563 per month at an average rate of $3.23 per square foot across an average suite size of 878 square feet. M City - Phase 1 positions itself as a large-scale, modern master-planned high-rise offering competitive density and newer construction advantages compared to its older neighbours. While early-1990s alternatives provide substantially larger floor plates at lower nominal rates per square foot, M City - Phase 1 aligns closely with newer 2024 inventory like M2 - M City 2 in rate structure, delivering contemporary build quality and efficient layout design suited to current renter demand.
Comparable Analysis & Questions
How do rental rates at M City - Phase 1 compare to neighbouring buildings within Mississauga City Centre?
M City - Phase 1 achieves an average lease rent that compares closely with the overall competitive benchmark average of $2,563 per month across nearby properties including M2 - M City 2, The Platinum Condos, Parkside Village - PSV, and Centre IV. M2 - M City 2 (3883 Quartz Rd) reported an average lease rent of $2,475 per month at $3.84 per square foot across an average of 677 square feet. The Platinum Condos (350 Webb Drive N) recorded an average lease rent of $2,567 per month at $2.14 per square foot across an average of 1,200 square feet. Parkside Village - PSV (4011 Brickstone Mews) averaged $2,392 per month at $3.43 per square foot across 707 square feet. Centre IV (400 Webb Drive) logged an average lease rent of $2,817 per month at $3.50 per square foot across 929 square feet.
Does M City - Phase 1 offer a competitive price-per-square-foot ($/SF) against local comparables?
M City - Phase 1 establishes its value proposition by offering modern architectural efficiency and contemporary finishes that balance rental rates against both older, larger footprints and newer phase alternatives in the Mississauga City Centre submarket. When compared against older inventory like The Platinum Condos—which averages 1,200 square feet at $2.14 per square foot—M City - Phase 1 trades at a higher rate per square foot while delivering significantly newer mechanical systems, modern interior layouts, and updated building amenities. Conversely, when stacked against immediate 2024 peers like M2 - M City 2, M City - Phase 1 trades at a slight discount of $0.05 per square foot (1.3% lower), offering renters a lower and more competitive rate per square foot with favorable pricing relative to the immediate block.
How do building age, amenities, and developer reputation impact rent spreads?
M City - Phase 1 delivers a robust lifestyle and amenity package that rivals top-tier master-planned developments in Mississauga City Centre, featuring an outdoor pool, rooftop terrace, games & billiards room, gym & fitness centre, and a concierge & security service. When compared to nearby peers, the building holds its own against heavily amenitized contemporaries such as M2 - M City 2—which includes features like an indoor pool, yoga studio, spin studio, and pet wash station—while surpassing the amenity sets found in older inventory like The Platinum Condos and Centre IV, which rely on traditional facilities like tennis and squash courts. This alignment makes M City - Phase 1 particularly attractive to young professionals and urban renters seeking modern recreational and wellness spaces within a master-planned community setting.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around M City - Phase 1.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Outdoor Pool
- Party & Lounge Room
- Games & Billiards Room
- Media & Theatre Room
- BBQ Area
- Kids' Play Room - Indoor
- Rooftop Terrace
- Skating Rink
Residential Buildings in the Vicinity
- M2 - M City 2116 m
- The Platinum Condos124 m
- Parkside Village - PSV135 m
- Centre IV154 m
- Parkside Village - PSV 2199 m
- Ultra Ovation211 m
- M City 3 Condominium220 m
- Monarchy231 m
- Monarchy248 m
- Parkside Village - The Residences253 m
- City Centre - Wesley Tower253 m
- Grand Ovation262 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for M City - Phase 1.
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.