Canopy Towers — Rental Market Data

Canopy Towers features 10 active listings as of August 31, 2026, spanning a price range of $2,075 to $3,100 per month, an average asking rent of $2,490 per month, and a median asking rent of $2,550 per month. Active suites average 671 square feet with an average asking rate of $3.81 per square foot. Two-bedroom configurations anchor the inventory with a 40 percent dominant share, leaning the current active selection toward multi-bedroom layouts over compact entry-level options.

The dominant active layout at Canopy Towers is the 2-Bedroom tier, accounting for 4 active listings and a 40 percent inventory share with an average rent of $2,650 per month across an average of 720 square feet at $3.71 per square foot. The 1-Bedroom tier provides 3 active listings representing a 30 percent share, averaging $2,150 per month across 500 square feet at $4.40 per square foot. The 1-Bedroom + Den tier offers 2 active listings making up a 20 percent share at an average rent of $2,375 per month across 723 square feet at $3.29 per square foot. The 2-Bedroom + Den tier comprises a single active listing holding a 10 percent share, asking $3,100 per month across an 888-square-foot footprint at $3.49 per square foot.

Canopy Towers presents a minimum entry rent of $2,075 per month and a peak asking rent of $3,100 per month, reflecting a dollar spread of $1,025 and a percentage spread of 49.4 percent. The median asking rent sits at $2,550 per month. The entry-level suite consists of a 550-square-foot 1-Bedroom unit asking $3.77 per square foot, while the peak suite is represented by an 888-square-foot 2-Bedroom + Den layout asking $3.49 per square foot.

Canopy Towers features an active den premium of $225 per month for a square footage increase of 223 square feet. The marginal cost for the additional den space equates to $1.01 per square foot. Active parking stalls carry a verified monthly premium of $194 per month.

Canopy Towers commands an average asking rent of $2,490 per month at $3.81 per square foot, comparing against the Mississauga North submarket asking benchmark of $2,600 per month and $3.42 per square foot. The lower nominal monthly rent relative to the submarket average is driven by more compact suite sizing rather than cheaper unit pricing, with the building's asking rate per square foot trading 11.4 percent above the submarket average across a total of 10 active listings.

Canopy Towers achieves an average lease rent of $2,506 per month, aligning closely with the overall competitive benchmark average of $2,562 per month across named area competitors including Mississauga Square, Gemma Condos, and the Perla at Uptown towers. Individual competitor leasing metrics show that Mississauga Square at 8 Nahani Way recorded an average lease rent of $2,427 per month at $3.81 per square foot across an average of 654 square feet. Gemma Condos at 15 Watergarden Drive achieved an average lease rent of $2,611 per month at $3.64 per square foot across 741 square feet. Perla at Uptown - West Tower at 65 Watergarden Dr reported an average lease rent of $2,550 per month at $3.24 per square foot across 821 square feet. Perla at Uptown - East Tower at 35 Watergarden Dr posted an average lease rent of $2,661 per month at $3.40 per square foot across 805 square feet.

Canopy Towers establishes its value proposition by offering an average leased rate of $3.92 per square foot across an average suite size of 677 square feet, trading at a premium relative to older nearby alternatives while delivering superior layout efficiency and modern construction standards. Renters evaluating Canopy Towers against Perla at Uptown - West Tower (821 square feet at $3.24 per square foot) and Perla at Uptown - East Tower (805 square feet at $3.40 per square foot) trade physical footprint for newer finishes, lower utility burdens, and contemporary smart-building infrastructure. Conversely, compared with Gemma Condos (741 square feet at $3.64 per square foot) and Mississauga Square (654 square feet at $3.81 per square foot), Canopy Towers provides a competitive spatial layout that balances modern architectural design against submarket asking benchmarks averaging $3.42 per square foot.

Canopy Towers delivers an extensive, modern lifestyle and amenity profile that surpasses many legacy projects in the immediate node, catering directly to young professionals and urban families seeking comprehensive wellness and remote-work infrastructure. The building features signature amenities including an Indoor Pool, a Hot Tub & Jacuzzi, a dedicated Pet Wash Station, a Rooftop Terrace, and a Yoga Studio. When contrasted against Mississauga Square—which offers an Outdoor Pool, EV Charging Station, Business Centre, Children's Playground - Outdoor, and Water Wall Feature—Canopy Towers provides superior indoor wellness facilities suited for year-round use. Against Gemma Condos—which features an EV Charging Station, Indoor Pool, Kids' Play Room - Indoor, Co-Working Space, and Outdoor Fitness Area—and the Perla towers—which feature indoor pools, hot tubs, games rooms, and children's play rooms—Canopy Towers expands its lifestyle offering with dedicated indoor swimming facilities, private dining spaces, and specialized pet care amenities.