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Market Data as of August 31, 2026

Valleymede Towers - Building B — Rental Market Data

398 Highway 7 E, Richmond Hill, Ontario L4B 0G6
Quick Rent Estimate
Active Suites3 Available
Type
Units
Avg Rent
1-Bedroom + Den
2
$2,400
1-Bedroom
1
$2,225

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2020
Total Suites169
DeveloperTimes Group

Valleymede Towers – Building B at 398 Highway 7 E in Richmond Hill is a 169-suite residential building completed in 2020 by Times Group. As of August 31, 2026, three units are actively listed for rent, representing a 1.8 percent availability rate across the tower. Leasing activity has been modest: two leases closed in the past 30 days at an average of $2,675 per month with a 26-day average time on market, while six leases signed over the trailing 90 days averaged $2,733 per month and took 42 days to close.

Current asking rents average $2,342 per month at $3.81 per square foot across an average suite size of 617 square feet. Realized 90-day leases came in at $2,733 per month and $3.44 per square foot, meaning active listings are priced roughly $391 below recent closed deals on a nominal basis. The lower monthly outlay is driven by more compact suite footprints in the current inventory rather than a cheaper per-square-foot rate, as the active asking rate of $3.81 per square foot sits just 0.3 percent below the Richmond Hill submarket asking benchmark of $3.82 per square foot.

Marketing friction is visible in the delisted data: the single unrented unit that exited the market carried an average asking rent of $3,050 per month, which is $375 above the 30-day realized lease average of $2,675, and sat on the market for 60 days compared to the 26-day average for successfully leased units. On the negotiation side, 75 percent of recent leases closed at or below asking, with tenants securing an average discount of $65 per month, a saving of roughly $780 per year. Active inventory depth is thin: two one-bedroom-plus-den units offer a small selection at $2,400 each, while a single one-bedroom at $2,225 represents the only entry-level option currently available.

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Active Rental Inventory & Asking Rates

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

Active Units3
-1 (25.0%)
Avg Asking Rent$2,342
-$221 (8.6%)
Avg Suite Size617 sf
-108 sf (14.9%)
Avg Days on Market35d
+7d (26.2%)
Avg Asking $/SF$3.81
+$0.24 (6.7%)

Active Market Insights & Questions

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

Valleymede Towers – Building B holds three active listings as of August 31, 2026, with asking rents ranging from $2,225 to $2,400 per month, an average of $2,342 and a median of $2,400. The average suite size across these listings is 617 square feet at an asking rate of $3.81 per square foot. Inventory skews toward compact entry-level suites, with two one-bedroom-plus-den units (66.7 percent of active stock) and one standard one-bedroom (33.3 percent), leaving no multi-bedroom executive layouts currently on the market.

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

The dominant active layout at Valleymede Towers – Building B is the one-bedroom-plus-den, with two units representing 66.7 percent of available inventory at an average asking rent of $2,400 per month across 650 square feet, or $3.69 per square foot. The remaining one listing is a one-bedroom at $2,225 per month for 550 square feet, equating to $4.05 per square foot. No two-bedroom or larger units are currently available for rent in this building.

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

Valleymede Towers – Building B offers active rents from $2,225 to $2,400 per month, a dollar spread of $175 and a percentage spread of 7.9 percent. The median asking rent sits at $2,400 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $4.05 per square foot, while the peak asking unit is a one-bedroom-plus-den at 650 square feet carrying a rate of $3.69 per square foot.

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

At Valleymede Towers – Building B, the active den premium is $175 per month for an additional 100 square feet of space, translating to a marginal cost of $1.75 per square foot for the extra den area. Parking stall premiums cannot be reliably isolated from current listings due to insufficient paired data, and no verified parking fee benchmark exists in the recent lease history for this building.

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

Valleymede Towers – Building B asks an average of $2,342 per month at $3.81 per square foot, compared to the Richmond Hill submarket asking benchmark of $2,800 per month and $3.82 per square foot. The building's nominal rent is $458 below the submarket average, a gap driven by more compact suite sizing in the current active inventory rather than a lower per-square-foot rate, as the building's asking rate sits just 0.3 percent below the submarket asking benchmark. Valleymede Towers – Building B accounts for three of the 94 active listings across the Richmond Hill 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 Valleymede Towers - Building B (Data period: For the month of August 2026).

Units Leased2
Avg Leased Price$2,675
Avg Leased Size813 sf
Avg Days to Lease26d
Leased $/SF$3.39

Leased Transaction Insights & Questions

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

Valleymede Towers – Building B closed leases in 26 days on average over the trailing 30 days, beating the Richmond Hill submarket benchmark of 28 days. Over the 90-day window, average DOM stretched to 42 days across six closed leases, and the lifetime average sits at 42 days across eight total transactions. The 30-day figure of two closed deals versus four in June and two in May suggests leasing turnover moderated through late summer rather than accelerating, with the most recent closings clearing faster than the spring cohort.

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

Valleymede Towers – Building B tenants negotiated an average discount of $65 per month (2.23% below asking), saving them $780 per year in rent. Seventy-five percent of all eight lifetime leases closed under the landlord's listed price, confirming consistent tenant leverage at this building. Landlords at Valleymede Towers – Building B are conceding roughly two cents on the dollar to close deals, a pattern that signals soft demand relative to asking rather than landlord pricing power.

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

The two highest-volume anchor layouts at Valleymede Towers – Building B are the 2-Bedroom (four leases, $2,888 average, 45-day DOM) and the 1-Bedroom + Den (two leases, $2,350 average, 35-day DOM). The 2-Bedroom tier averages 850 square feet at $3.40 per square foot, with a P25–P75 rent band of $2,850 to $2,912 and a median of $2,875. This is a small sample of four closed leases and should be treated as a directional reference only. The 1-Bedroom + Den tier averages 650 square feet at $3.62 per square foot, with both leases closing at exactly $2,350. This is a limited sample of two transactions and serves as a directional indicator only. The 2-Bedroom + Den tier averages 900 square feet at $3.23 per square foot, with rents of $2,850 and $2,950 (median $2,900) and a 45-day DOM. Again, two closed leases make this a small sample for directional reference only.

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

Valleymede Towers – Building B does not have sufficient paired lease data to isolate a reliable parking premium. Active listings at the building also show unreliable or outlier parking figures that cannot be quoted with confidence. Tenants should confirm whether parking is bundled into the suite rent or billed separately before signing, as the platform cannot verify a consistent monthly parking charge from the available transaction record.

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

Valleymede Towers – Building B shows a gentle downward rent trajectory across the tracked May-through-August 2026 timeline, with average rents sliding from $2,825 to $2,675. In May, two leases closed at an average of $2,825 per month, $3.32 per square foot, and 44 days on market. In June, four leases closed at $2,763 per month, $3.46 per square foot, and 50 days on market. In August, two leases closed at $2,675 per month, $3.39 per square foot, and 26 days on market. The pattern shows rents softening by roughly $150 per month from spring to late summer while DOM compressed sharply in the most recent window.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$3,050
Avg Suite Size950 sf
Avg Days on Market60d
Delisted $/SF$3.21

De-Listed Market Analysis & Questions

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

Valleymede Towers – Building B had one delisted unit in the tracking period, representing a 50% delisted-to-leased ratio against two recent 30-day leases. The single delisting was a terminated listing; no units expired or were suspended. One pulled listing against two closed leases is a modest friction signal, but the ratio warrants monitoring because it means half as many units were withdrawn as successfully leased in the same window.

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

Valleymede Towers – Building B's unrented unit asked an average of $3,050 per month, which is $375 per month (14%) ABOVE the realized lease average of $2,675 per month. The delisted listing carried a rate of $3.21 per square foot versus the 30-day realized average of $3.39 per square foot, but the nominal dollar overpricing of $375 per month indicates direct overpricing rather than a footprint-driven spread. Landlords at this building priced the withdrawn unit well above what the market was actually transacting, and the unit sat unrented for 60 days before being pulled.

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

Valleymede Towers – Building B's delisted unit spent 60 days on market, compared to a 26-day realized lease DOM over the trailing 30 days. That 34-day excess in marketing time translates to roughly 1.1 months of lost rent at the $3,050 asking rate—approximately $3,448 in foregone revenue—plus ongoing condo maintenance fees for the same period. Against the lifetime 42-day lease DOM, the excess is 18 days, or about $1,830 in lost rent plus carrying costs. Either way, the overpriced listing burned through a significant chunk of a quarter's income before being withdrawn.

Historical Active Listings & Market Dynamics

Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.

Suite Filters
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Chart Metrics
Max 2 Plotted
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Left AxisAsking Price
Avg Asking Price
Right AxisUnits Available
Avg Units Available
Historical statistics trends for active listings
DateUnits AvailableAvg Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-04-27428508003.5733
2026-04-28428508003.5734
2026-04-29428508003.5735
2026-04-30528588103.5429
2026-05-01528588103.5430
2026-05-02528588103.5431
2026-05-03528588103.5432
2026-05-04528588103.5433
2026-05-05528588103.5434
2026-05-06428508003.5742
2026-05-07428508003.5743
2026-05-08428508003.5744
2026-05-09428508003.5745
2026-05-10428508003.5746
2026-05-11428508003.5747
2026-05-12428508003.5748
2026-05-13428508003.5749
2026-05-14428508003.5750
2026-05-15527567703.5941
2026-05-16527567703.5942
2026-05-17527567703.5943
2026-05-18527567703.5944
2026-05-19527567703.5945
2026-05-20527567703.5946
2026-05-21527567703.5947
2026-05-22527567703.5948
2026-05-23527567703.5949
2026-05-24527567703.5950
2026-05-25527567703.5951
2026-05-26527567703.5952
2026-05-27627727833.5544
2026-05-28627727833.5545
2026-05-29627727833.5546
2026-05-30627727833.5547
2026-05-31527267703.5541
2026-06-01527267703.5542
2026-06-02527267703.5543
2026-06-03527267703.5544
2026-06-04527267703.5545
2026-06-05527267703.5546
2026-06-06527267703.5547
2026-06-07527267703.5548
2026-06-08527267703.5549
2026-06-09527267703.5550
2026-06-10428138003.5358
2026-06-11428138003.5359
2026-06-12428138003.5360
2026-06-13428138003.5361
2026-06-14328007833.5876
2026-06-15328007833.5877
2026-06-16328007833.5878
2026-06-17328007833.5879
2026-06-18328508173.5251
2026-06-19328508173.5252
2026-06-20328508173.5253
2026-06-21328508173.5254
2026-06-22328508173.5255
2026-06-23328508173.5256
2026-06-24328508173.5257
2026-06-25227258003.4554
2026-06-26227258003.4555
2026-06-27227258003.4556
2026-06-28227258003.4557
2026-06-29227258003.4558
2026-06-30227258003.4559
2026-07-01227258003.4560
2026-07-02326177503.5341
2026-07-03326177503.5342
2026-07-04326177503.5343
2026-07-05326177503.5344
2026-07-06326177503.5345
2026-07-07326177503.5346
2026-07-08326177503.5347
2026-07-09326177503.5348
2026-07-10425637253.5737
2026-07-11425637253.5738
2026-07-12525307103.6031
2026-07-13525307103.6032
2026-07-14525307103.6033
2026-07-15525307103.6034
2026-07-16525307103.6035
2026-07-17425637253.5714
2026-07-18425637253.5715
2026-07-19425637253.5716
2026-07-20425637253.5717
2026-07-21425637253.5718
2026-07-22425637253.5719
2026-07-23425637253.5720
2026-07-24425637253.5721
2026-07-25425637253.5722
2026-07-26425637253.5723
2026-07-27425637253.5724
2026-07-28425637253.5725
2026-07-29425637253.5726
2026-07-30425637253.5727
2026-07-31425637253.5728
2026-08-01425637253.5729
2026-08-02425637253.5730
2026-08-03425637253.5731
2026-08-04425637253.5732
2026-08-05425637253.5733
2026-08-06425637253.5734
2026-08-07425637253.5735
2026-08-08425637253.5736
2026-08-09425637253.5737
2026-08-10425637253.5738
2026-08-11425637253.5739
2026-08-12425637253.5740
2026-08-13425637253.5741
2026-08-14326177503.5342
2026-08-15326177503.5343
2026-08-16326177503.5344
2026-08-17224006503.6937
2026-08-18224006503.6938
2026-08-19326177503.5326
2026-08-20326177503.5327
2026-08-21326177503.5328
2026-08-22326177503.5329
2026-08-23326177503.5330
2026-08-24326177503.5331
2026-08-25326177503.5332
2026-08-26326177503.5333
2026-08-27323426173.8131
2026-08-28323426173.8132
2026-08-29323426173.8133
2026-08-30323426173.8134
2026-08-31323426173.8135

12-Month Market Dynamics & Trend Trajectory

Valleymede Towers – Building B has closed eight lifetime leases at an average rent of $2,756 per month and $3.41 per square foot across an average suite size of 813 square feet. The lifetime average DOM is 42 days, and the building's 1.8% availability rate across 169 total suites indicates a nearly full occupancy profile with limited turnover pressure. Tenant movement has been steady but modest, with the bulk of activity concentrated in the 2-Bedroom product line. On pricing discipline, 75% of all eight lifetime leases closed below the landlord's asking price. Tenants captured an average $65 per month discount (2.23%), equating to $780 in annual savings per unit. This is a clear tenant-favorable negotiation environment where landlords at Valleymede Towers – Building B are conceding on price to close deals rather than holding firm at list.

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Historical building statistics - leased transactions

This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.

Property & transaction filters
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Latest leased insights and trends

Left AxisLeased Price
Avg Leased Price
Right AxisUnits Leased
Avg Units Leased
Historical statistics trends for leased transactions
DateUnits LeasedAvg Leased Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-05-03128508503.356
2026-05-100N/AN/AN/AN/A
2026-05-170N/AN/AN/AN/A
2026-05-240N/AN/AN/AN/A
2026-05-31128008503.2981
2026-06-07123506503.6226
2026-06-14228758503.3853
2026-06-21129508503.4766
2026-06-280N/AN/AN/AN/A
2026-07-050N/AN/AN/AN/A
2026-07-120N/AN/AN/AN/A
2026-07-190N/AN/AN/AN/A
2026-07-260N/AN/AN/AN/A
2026-08-020N/AN/AN/AN/A
2026-08-09123506503.6243
2026-08-160N/AN/AN/AN/A
2026-08-23130009503.168

Building Amenities, Transit & Neighbourhood Features

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

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Party & Lounge Room
  • Meeting Room
  • Library & Reading Room
  • Games & Billiards Room
  • Business Centre
  • Yoga Studio
  • Dining Room & Kitchen

Data Methodology & Analytical Standards

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