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Market Data as of August 31, 2026

Erin Square - Tower A — Rental Market Data

4655 Metcalfe Ave, Mississauga, Ontario L5M 0Z7
Quick Rent Estimate
Active Suites2 Available
Type
Units
Avg Rent
2-Bedroom + Den
2
$2,950

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2022
Total Suites201
DeveloperPemberton Group

Erin Square - Tower A, located at 4655 Metcalfe Ave in the Mississauga West neighborhood, is an established residential building completed in 2022 by developer Pemberton Group with a total suite count of 201 units. The property currently shows 2 active listings representing an availability rate of 1.0 percent. Over the past 90 days, the building recorded 11 closed leases averaging 20 days on market, alongside 1 closed lease over the past 30 days averaging 25 days on market.

Current active asking rents average $2,950 per month at $3.70 per square foot across an average footprint of 800 square feet, which compares to realized 90-day leases averaging $2,921 per month at $3.33 per square foot across 860 square feet. Active asking rates track 1.9 percent above the Mississauga West submarket asking benchmark of $3.63 per square foot, while active suites feature more compact footprints than historical lease averages.

Marketing friction remains low, evidenced by closed listings averaging 28 days lifetime on market compared to delisted units averaging 25 days on market, with 40.0 percent of recent leases closing below asking for an average tenant discount of $42 per month. Inventory is restricted exclusively to 2-Bedroom + Den layouts, offering active prospective tenants a very limited selection of multi-bedroom floor plans, while active parking stall premiums cannot be reliably isolated due to insufficient sample data.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Erin Square - Tower A as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units2
-2 (50.0%)
Avg Asking Rent$2,950
-$38 (1.3%)
Avg Suite Size800 sf
-50 sf (5.9%)
Avg Days on Market26d
+11d (73.3%)
Avg Asking $/SF$3.70
+$0.18 (5.2%)

Active Market Insights & Questions

How has rental availability changed at Erin Square - Tower A recently?

Erin Square - Tower A features 2 active listings as of August 31, 2026, with asking rents ranging from $2,899 to $3,000 per month and an average and median rent of $2,950 per month. Active suites average 800 square feet at an asking rate of $3.70 per square foot. The 2-Bedroom + Den layout commands a 100 percent share of current inventory, indicating that available stock leans entirely toward multi-bedroom layouts.

What floor plans and unit layouts are currently available at Erin Square - Tower A?

The dominant active layout at Erin Square - Tower A is the 2-Bedroom + Den, accounting for 2 listings and a 100 percent inventory share. This tier features 2 active units with an average asking rent of $2,950 per month, an average square footage of 800 square feet, and an average asking rate of $3.70 per square foot.

What is the average asking rent and $/SF by suite size at Erin Square - Tower A?

Erin Square - Tower A exhibits a minimum entry rent of $2,899 per month and a peak asking rent of $3,000 per month, creating a dollar spread of $101 per month and a percentage spread of 3.5 percent. The median asking rent sits at $2,950 per month. The entry-level suite consists of a 2-Bedroom + Den layout spanning 750 square feet at an asking rate of $3.87 per square foot, contrasted against the peak suite featuring a 2-Bedroom + Den layout spanning 850 square feet at an asking rate of $3.53 per square foot.

How much extra do parking spaces and dens cost at Erin Square - Tower A?

Active den premium data for Erin Square - Tower A is unquantified as active den square footage deltas are null. Active parking stall premium data cannot be reliably isolated due to an insufficient sample size, preventing the reporting of specific parking fee figures.

How do asking rents at Erin Square - Tower A compare to local and municipal benchmarks?

Erin Square - Tower A asks an average rent of $2,950 per month at $3.70 per square foot, compared to the Mississauga West submarket asking benchmark of $2,685 per month at $3.63 per square foot. The higher nominal monthly outlay is driven by larger multi-bedroom suite configurations rather than inflated unit pricing, with the building's asking rate per square foot sitting 1.9 percent above the submarket asking benchmark across its 2 active listings.

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 Erin Square - Tower A (Data period: For the month of August 2026).

Units Leased1
Avg Leased Price$2,900
Avg Leased Size860 sf
Avg Days to Lease25d
Leased $/SF$3.41

Leased Transaction Insights & Questions

How many suites were leased at Erin Square - Tower A last month, and how fast did they rent?

At Erin Square - Tower A, the 30-day average days on market is 25 days, compared to a 90-day average of 20 days and a submarket benchmark of 22 days. The building recorded 1 lease closed in the past 30 days, 11 leases over the past 90 days, and 15 lifetime leases, demonstrating that leasing turnover moderated after a peak summer surge.

What is the negotiation spread between asking rents and closed lease prices at Erin Square - Tower A?

At Erin Square - Tower A, tenants secured an average monthly discount of $42 per month, representing a 1.35% variance below asking price and annual tenant savings of $504 per year. This tenant-favorable outcome reflects landlord concessions in a competitive submarket where 40% of leases closed under asking.

What are typical executed lease prices across different layouts at Erin Square - Tower A?

At Erin Square - Tower A, the two highest-volume anchor layouts are the 2-Bedroom + Den, which averaged $2,962 per month with a 28-day DOM, and the 2-Bedroom tier, which averaged $2,900 per month with a 14-day DOM. The 2-Bedroom + Den tier represents a statistically robust benchmark across 11 closed leases, featuring an average rent of $2,962 per month, a median of $2,985 per month, a P25-P75 range of $2,900 to $3,000 per month, an average size of 900 square feet, $3.33 per square foot, and a 28-day DOM. The 1-Bedroom + Den tier is a limited sample size serving as a directional reference only across 2 closed leases (note that this represents an individual deal rather than a broad statistical benchmark), averaging $2,375 per month, a median of $2,375 per month, a P25-P75 range of $2,338 to $2,412 per month, an average size of 600 square feet, $3.98 per square foot, and a 40-day DOM. The 2-Bedroom tier is also a limited sample size serving as a directional reference only across 2 closed leases (note that this represents an individual deal rather than a broad statistical benchmark), featuring an average rent of $2,900 per month, a median of $2,900 per month, a P25-P75 range of $2,900 to $2,900 per month, an average size of 900 square feet, $3.23 per square foot, and a 14-day DOM.

What measurable rent premium did suites with parking achieve in closed leases at Erin Square - Tower A?

At Erin Square - Tower A, realized parking premium data is inconclusive due to insufficient paired lease data. Suite bundling patterns indicate that parking spots are typically included within larger multi-bedroom floor plans rather than itemized separately. Active asking data similarly lacks reliable paired figures to isolate standalone parking values.

How does the lease-to-listing ratio at Erin Square - Tower A reflect current tenant demand?

At Erin Square - Tower A, overall monthly rent followed a stable trajectory with moderate springtime fluctuation. In May 2026, 4 units closed at an average rent of $2,750 per month, $3.60 per square foot, and 48 days on market. In June 2026, volume peaked with 7 closed deals averaging $2,941 per month, $3.34 per square foot, and 19 days on market. In July 2026, 3 units closed at an average rent of $2,883 per month, $3.27 per square foot, and 21 days on market. In August 2026, 1 unit closed at $2,900 per month, $3.41 per square foot, and 25 days on market.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Erin Square - Tower A (Data period: For the month of August 2026).

Delisted Units2
Avg Asking Price$2,975
Avg Suite Size850 sf
Avg Days on Market25d
Delisted $/SF$3.50

De-Listed Market Analysis & Questions

How many listings de-listed at Erin Square - Tower A, and what was their re-listing price compared to previous asking?

At Erin Square - Tower A, there were 2 total delisted units, representing a delisted-to-lifetime-leased ratio of 13.3% and a delisted-to-30-day-leased ratio of 200%. The breakdown of unrented listings consists of 2 terminated listings, 0 expired listings, and 0 suspended listings. This establishes a market health ratio where approximately 1 listing was pulled for every 7.5 successful leases.

How do asking prices on de-listed suites compare to executed leases and active listings at Erin Square - Tower A?

At Erin Square - Tower A, unrented listings asked an average of $2,975 per month, representing an average of $75 per month above realized lease averages of $2,900 per month and a rate-per-square-foot figure of $3.50 per square foot. Unrented units were overpriced relative to realized leases, driving pushback on price from prospective tenants.

What market friction causes rental listings to stall or de-list at Erin Square - Tower A?

At Erin Square - Tower A, delisted units averaged 25 days on market compared to a realized lease average of 28 days. Because unrented listings cleared within a comparable timeframe before being pulled, excess marketing days were negligible, resulting in zero months of lost rental income or carrying cost penalties.

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)
2026-04-27426757253.7560
2026-04-28426757253.7561
2026-04-29327007503.6755
2026-04-30327007503.6756
2026-05-01327007503.6757
2026-05-02327007503.6758
2026-05-03327007503.6759
2026-05-04123005504.1859
2026-05-05123005504.1860
2026-05-06123005504.1861
2026-05-07226507003.8631
2026-05-08231258503.681
2026-05-09231258503.682
2026-05-10231258503.683
2026-05-11231258503.684
2026-05-12231258503.685
2026-05-13231258503.686
2026-05-14231258503.687
2026-05-15330838503.635
2026-05-16330838503.636
2026-05-17330838503.637
2026-05-18330838503.638
2026-05-19330838503.639
2026-05-20330838503.6310
2026-05-21429348003.688
2026-05-22429348003.689
2026-05-23329127833.7311
2026-05-24329127833.7312
2026-05-25329127833.7313
2026-05-26329127833.7314
2026-05-27329127833.7315
2026-05-28429098003.6512
2026-05-29429098003.6513
2026-05-30429098003.6514
2026-05-31429098003.6515
2026-06-01629898923.4411
2026-06-02629898923.4412
2026-06-03729898863.4511
2026-06-04729898863.4512
2026-06-05729898863.4513
2026-06-06729849003.3913
2026-06-07630679423.3214
2026-06-08630679423.3215
2026-06-09630679423.3216
2026-06-10630679423.3217
2026-06-11630679423.3218
2026-06-122315010753.0113
2026-06-132315010753.0114
2026-06-142315010753.0115
2026-06-152315010753.0116
2026-06-162315010753.0117
2026-06-172315010753.0118
2026-06-182315010753.0119
2026-06-192315010753.0120
2026-06-202315010753.0121
2026-06-212315010753.0122
2026-06-222315010753.0123
2026-06-232315010753.0124
2026-06-242315010753.0125
2026-06-252315010753.0126
2026-06-262315010753.0127
2026-06-272315010753.0128
2026-06-282315010753.0129
2026-06-29129008503.4132
2026-06-30129008503.4133
2026-07-01129008503.4134
2026-07-09129008503.41N/A
2026-07-10329338833.330
2026-07-11329338833.331
2026-07-12329338833.332
2026-07-13329338833.333
2026-07-14329338833.334
2026-07-15329338833.335
2026-07-16529508703.404
2026-07-17529508703.405
2026-07-18529508703.406
2026-07-19529508703.407
2026-07-20529508703.408
2026-07-21529508703.409
2026-07-22529708503.497
2026-07-23529708503.498
2026-07-24529708503.499
2026-07-25429888503.519
2026-07-26429888503.5110
2026-07-27429888503.5111
2026-07-28429888503.5112
2026-07-29429888503.5113
2026-07-30429888503.5114
2026-07-31429888503.5115
2026-08-01429888503.5116
2026-08-02429888503.5117
2026-08-03429888503.5118
2026-08-04329838503.5117
2026-08-05329838503.5118
2026-08-06329838503.5119
2026-08-07329838503.5120
2026-08-08329838503.5121
2026-08-09329838503.5122
2026-08-10130008503.5319
2026-08-11130008503.5320
2026-08-12130008503.5321
2026-08-13130008503.5322
2026-08-14130008503.5323
2026-08-15130008503.5324
2026-08-16130008503.5325
2026-08-17130008503.5326
2026-08-18130008503.5327
2026-08-19229508003.7014
2026-08-20229508003.7015
2026-08-21229508003.7016
2026-08-22229508003.7017
2026-08-23229508003.7018
2026-08-24229508003.7019
2026-08-25229508003.7020
2026-08-26229508003.7021
2026-08-27229508003.7022
2026-08-28229508003.7023
2026-08-29229508003.7024
2026-08-30229508003.7025
2026-08-31229508003.7026

12-Month Market Dynamics & Trend Trajectory

At Erin Square - Tower A, lifetime leasing volume reached 15 closed transactions with an average monthly rent of $2,876 per month, a rate of $3.40 per square foot, and an average suite size of 860 square feet. Average lifetime days on market stood at 28 days, reflecting steady tenant turnover across the established 201-suite development. Pricing discipline favored prospective tenants as 40% of transactions closed below asking price, generating an average negotiation discount of $42 per month or 1.35% off listed rates. This net negotiation spread highlights minor landlord concessions necessary to secure commitments in the Mississauga West 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
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)
2026-05-03327007503.6761
2026-05-100N/AN/AN/AN/A
2026-05-17129008503.418
2026-05-240N/AN/AN/AN/A
2026-05-31129858503.513
2026-06-07528708303.4821
2026-06-140N/AN/AN/AN/A
2026-06-210N/AN/AN/AN/A
2026-06-282305010752.9332
2026-07-050N/AN/AN/AN/A
2026-07-120N/AN/AN/AN/A
2026-07-19229009003.2314
2026-07-260N/AN/AN/AN/A
2026-08-02129008503.4125

Nearby Building Rental Comparables & Price Spreads

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

Erin Square - Tower A operates within a dense cluster of contemporary high-rises in the Mississauga West submarket, anchored by direct competitors such as Erin Square - Tower B located 0.07 kilometers away (completed in 2022 with 13 active listings), Mills Square East Tower - Downtown Erin Mills 4 located 0.09 kilometers away (completed in 2020 with 10 active listings), Mills Square - West Tower - Downtown Erin Mills 3 located 0.12 kilometers away (completed in 2020 with 4 active listings), and Erin Mills located 0.21 kilometers away (completed in 2017 with 15 active listings). These properties represent two distinct structural generations: the modern 2020-2022 builds like the Erin Square and Mills Square towers featuring expansive multi-amenity podiums, and the slightly older 2017 Erin Mills high-rise which established the vertical density for the immediate neighborhood. Across this four-property competitive set, benchmarks sit at an average rent of $2,674 per month, an average rate of $3.57 per square foot, and an average suite size of 756 square feet. Erin Square - Tower A successfully positions itself within this micro-market by offering superior interior scale relative to its peers, trading at a discount on a per-square-foot basis compared to its immediate contemporaries while maintaining the modern construction standards and comprehensive lifestyle offerings expected by renters in the Erin Mills node.

4675 Metcalfe Ave, Mississauga

Avg Asking$2,849/mo
Avg $/SF$3.52
Rent Spread:
-$101/mo (-3.4%) Lower

4699 Glen Erin Dr, Mississauga

Avg Asking$2,693/mo
Avg $/SF$3.50
Rent Spread:
-$256/mo (-8.7%) Lower

4677 Glen Erin Dr, Mississauga

Avg Asking$2,799/mo
Avg $/SF$3.49
Rent Spread:
-$151/mo (-5.1%) Lower

2560 Eglinton Ave W, Mississauga

Avg Asking$2,525/mo
Avg $/SF$3.65
Rent Spread:
-$424/mo (-14.4%) Lower

2520 Eglinton Ave W, Mississauga

Avg Asking$2,566/mo
Avg $/SF$3.38
Rent Spread:
-$384/mo (-13.0%) Lower

4655 Glen Erin Dr, Mississauga

Avg Asking$2,979/mo
Avg $/SF$3.47
Rent Spread:
+$30/mo (+1.0%) Higher

Comparable Analysis & Questions

How do rental rates at Erin Square - Tower A compare to neighbouring buildings within Mississauga West?

Erin Square - Tower A achieves an average lease rent of $2,876 per month at $3.40 per square foot, aligning closely with the overall competitive benchmark average of $2,674 per month across nearby established towers. Direct leasing metrics vary across the immediate competitive set: Erin Square - Tower B (4675 Metcalfe Ave) records an average lease rent of $2,744 per month at $3.56 per square foot across an average of 776 square feet; Mills Square East Tower - Downtown Erin Mills 4 (4699 Glen Erin Dr) averages $2,805 per month at $3.54 per square foot across 794 square feet; Mills Square - West Tower - Downtown Erin Mills 3 (4677 Glen Erin Dr) logs an average lease rent of $2,685 per month at $3.50 per square foot across 775 square feet; and the older Erin Mills building (2560 Eglinton Ave W) records an average lease rent of $2,460 per month at $3.67 per square foot across a more compact 678 square feet.

Does Erin Square - Tower A offer a competitive price-per-square-foot ($/SF) against local comparables?

Erin Square - Tower A establishes a highly competitive value proposition in the local micro-market, offering a leased rate of $3.40 per square foot across an average suite size of 860 square feet compared to the broader submarket average asking rate of $3.63 per square foot. Renters at Erin Square - Tower A secure significantly larger layouts—providing 84 more square feet than Erin Square - Tower B, 66 more square feet than Mills Square East Tower, 85 more square feet than Mills Square West Tower, and 182 more square feet than the Erin Mills building—while trading at a more competitive rate per square foot that ranges from 2.9% to 7.4% below these nearby alternatives. This dynamic allows incoming tenants to trade up in square footage and enjoy modern 2022-built construction efficiencies without paying the premium rates attached to smaller, more compact footprints in older or adjacent towers.

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

Erin Square - Tower A delivers an extensive, resort-style amenity package that ranks among the most comprehensive in the Mississauga West submarket, featuring a concierge and security team, a gym and fitness centre, an indoor pool alongside an outdoor pool, a yoga studio, and a pet wash station. When contrasted against nearby alternatives, Erin Square - Tower A matches the multi-pool and wellness infrastructure found in newer peers like Erin Square - Tower B and Mills Square East Tower—both of which also feature indoor pools, gyms, and yoga studios—while significantly out-equipping older options such as the Erin Mills building, which lacks dedicated indoor aquatic facilities. This robust wellness and lifestyle infrastructure specifically serves professionals, young families, and pet owners seeking turn-key suburban density with premium recreational amenities on-site.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Erin Square - Tower A.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Indoor Pool
  • Outdoor Pool
  • Sauna & Steam Room
  • Party & Lounge Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Children's Playground - Outdoor
  • Pet Wash Station

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Erin Square - Tower A.

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.