Market Data as of September 30, 2026

The Tower II — Rental Market Data

51 Times Ave, Markham, Ontario L3T 7X7

Quick Rent Estimate

Last Lease

1-Bedroom

Lease Amount

$2,200/mo

Date Leased: August 13, 2026

Rent psf$3.38/sf

Turnover Velocity45 Days

Active Inventory Status0 Available

Building Summary & Rental Market Overview

Rental market analytics and building profile as of September 30, 2026.

Building TypeCondominium

Year Completed2003

Total Suites128

DeveloperLiberty Development Corp.

The Tower II is a residential community located in Markham, Ontario. Completed in 2003, the property features an estimated 128 suites. The building currently features no active rental listings on record as of September 30, 2026.

Looking to compare? Explore more buildings in Markham West

Quick Suite Rent Estimate

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Last Realized Lease

Transaction metrics for the most recently leased suite

1-Bedroom

Lease Amount$2,200/mo

Date LeasedAugust 13, 2026

Rent psf$3.38/sf

Turnover Velocity45 Days

Active Inventory Status0 Available

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

Unit Type

Parking

Den

Chart Metrics

Max 2 Plotted

Compare up to 2 axes simultaneously:

Show Min / Max Range Bands

Left AxisAsking Price

Avg Asking Price

Right AxisUnits Available

Avg Units Available

Historical statistics trends for active listings
Date	Units Available	Avg Price ($)	Avg SqFt (SF)	Avg PSF ($/SF)	Avg DOM (Days)
2026-04-27	1	2400	750	3.20	3
2026-04-28	1	2400	750	3.20	4
2026-05-08	1	2950	1100	2.68	N/A
2026-05-09	1	2950	1100	2.68	1
2026-05-10	1	2950	1100	2.68	2
2026-05-11	1	2950	1100	2.68	3
2026-05-12	1	2950	1100	2.68	4
2026-05-13	1	2950	1100	2.68	5
2026-05-14	1	2950	1100	2.68	6
2026-05-15	1	2950	1100	2.68	7
2026-05-16	1	2950	1100	2.68	8
2026-05-17	1	2950	1100	2.68	9
2026-05-18	1	2950	1100	2.68	10
2026-05-19	1	2950	1100	2.68	11
2026-05-20	1	2950	1100	2.68	12
2026-05-21	1	2950	1100	2.68	13
2026-05-22	1	2950	1100	2.68	14
2026-05-23	1	2950	1100	2.68	15
2026-05-24	1	2950	1100	2.68	16
2026-06-03	1	3350	1100	3.05	N/A
2026-06-04	1	3350	1100	3.05	1
2026-06-05	1	3350	1100	3.05	2
2026-06-06	1	3350	1100	3.05	3
2026-06-07	1	3350	1100	3.05	4
2026-06-08	2	3525	1100	3.20	3
2026-06-09	2	3525	1100	3.20	4
2026-06-10	2	3525	1100	3.20	5
2026-06-11	2	3525	1100	3.20	6
2026-06-12	2	3525	1100	3.20	7
2026-06-13	2	3525	1100	3.20	8
2026-06-14	2	3525	1100	3.20	9
2026-06-15	2	3525	1100	3.20	10
2026-06-16	2	3525	1100	3.20	11
2026-06-17	3	3083	917	3.47	8
2026-06-18	3	3083	917	3.47	9
2026-06-19	3	3083	917	3.47	10
2026-06-20	3	3083	917	3.47	11
2026-06-21	3	3083	917	3.47	12
2026-06-22	3	3083	917	3.47	13
2026-06-23	3	3083	917	3.47	14
2026-06-24	2	2950	825	3.68	12
2026-06-25	2	2950	825	3.68	13
2026-06-26	2	2950	825	3.68	14
2026-06-27	2	2950	825	3.68	15
2026-06-28	2	2950	825	3.68	16
2026-06-29	3	2700	767	3.58	11
2026-06-30	3	2700	767	3.58	12
2026-07-01	3	2700	767	3.58	13
2026-07-02	3	2700	767	3.58	14
2026-07-03	3	2700	767	3.58	15
2026-07-04	3	2700	767	3.58	16
2026-07-05	3	2700	767	3.58	17
2026-07-06	3	2700	767	3.58	18
2026-07-07	3	2700	767	3.58	19
2026-07-08	3	2700	767	3.58	20
2026-07-09	3	2700	767	3.58	21
2026-07-10	3	2700	767	3.58	22
2026-07-11	4	2575	738	3.53	17
2026-07-12	4	2575	738	3.53	18
2026-07-13	4	2575	738	3.53	19
2026-07-14	3	2700	800	3.38	18
2026-07-15	3	2700	800	3.38	19
2026-07-16	3	2700	800	3.38	20
2026-07-17	3	2700	800	3.38	21
2026-07-18	3	2700	800	3.38	22
2026-07-19	3	2700	800	3.38	23
2026-07-20	3	2700	800	3.38	24
2026-07-21	3	2700	800	3.38	25
2026-07-22	3	2700	800	3.38	26
2026-07-23	3	2700	800	3.38	27
2026-07-24	3	2700	800	3.38	28
2026-07-25	3	2700	800	3.38	29
2026-07-26	3	2700	800	3.38	30
2026-07-27	3	2700	800	3.38	31
2026-07-28	3	2700	800	3.38	32
2026-07-29	3	2700	800	3.38	33
2026-07-30	2	2950	875	3.37	42
2026-07-31	2	2950	875	3.37	43
2026-08-01	2	2950	875	3.37	44
2026-08-02	2	2950	875	3.37	45
2026-08-03	2	2950	875	3.37	46
2026-08-04	2	2950	875	3.37	47
2026-08-05	2	2950	875	3.37	48
2026-08-06	2	2950	875	3.37	49
2026-08-07	2	2950	875	3.37	50
2026-08-08	2	2950	875	3.37	51
2026-08-09	2	2950	875	3.37	52
2026-08-10	2	2950	875	3.37	53
2026-08-11	2	2950	875	3.37	54
2026-08-12	2	2950	875	3.37	55
2026-08-13	1	3700	1100	3.36	66
2026-08-14	1	3700	1100	3.36	67
2026-08-15	1	3700	1100	3.36	68
2026-08-16	1	3700	1100	3.36	69
2026-08-17	1	3700	1100	3.36	70
2026-08-18	1	3700	1100	3.36	71
2026-08-19	1	3200	1100	2.91	N/A
2026-08-20	1	3200	1100	2.91	1
2026-08-21	1	3200	1100	2.91	2
2026-08-22	1	3200	1100	2.91	3
2026-08-23	1	3200	1100	2.91	4
2026-08-24	1	3200	1100	2.91	5
2026-08-25	1	3200	1100	2.91	6
2026-08-26	1	3200	1100	2.91	7
2026-08-27	1	3200	1100	2.91	8

12-Month Market Dynamics & Trend Trajectory

Over the trailing 12-month period, rental market metrics at The Tower II reflect broader macroeconomic seasonality and local submarket absorption trends. Use the suite layout filters above to isolate pricing trajectories across studio, 1-bedroom, and 2-bedroom configurations.

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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

Unit type

Parking

Den

Lease vs Asking Price Performance

Chart metrics & timeframe

Max 2 selected

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Timeframe

Group by

Show min/max boundaries

Latest leased insights and trends

Left AxisLeased Price

Avg Leased Price

Right AxisUnits Leased

Avg Units Leased

Historical statistics trends for leased transactions
Date	Units Leased	Avg Leased Price ($)	Avg SqFt (SF)	Avg PSF ($/SF)	Avg DOM (Days)
2026-05-24	1	2800	1100	2.55	17
2026-05-31	0	N/A	N/A	N/A	N/A
2026-06-07	0	N/A	N/A	N/A	N/A
2026-06-14	0	N/A	N/A	N/A	N/A
2026-06-21	1	3250	1100	2.95	21
2026-06-28	0	N/A	N/A	N/A	N/A
2026-07-05	0	N/A	N/A	N/A	N/A
2026-07-12	1	2200	550	4.00	27
2026-07-19	0	N/A	N/A	N/A	N/A
2026-07-26	1	2200	650	3.38	19
2026-08-02	0	N/A	N/A	N/A	N/A
2026-08-09	1	2200	650	3.38	45

Nearby Building Rental Comparables & Price Spreads

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

Comparing rental asking rates and price-per-square-foot ($/SF) at The Tower II with 6 tracked residential buildings in the immediate vicinity.

The Tower I86 m

25 Times Ave, Markham

Avg Asking$2,900/mo

Avg $/SF$2.64

Rent Spread:

N/A

Victoria Tower153 m

88 Times Ave, Markham

Avg Asking$2,710/mo

Avg $/SF$3.59

Rent Spread:

N/A

Parkview Tower I163 m

39 Galleria Pkwy, Markham

Avg Asking$2,357/mo

Avg $/SF$3.41

Rent Spread:

N/A

Thornhill Tower I169 m

62 Suncrest Blvd, Markham

Avg Asking$2,303/mo

Avg $/SF$3.25

Rent Spread:

N/A

Parkview Tower II180 m

37 Galleria Pkwy, Markham

Avg Asking$2,671/mo

Avg $/SF$3.44

Rent Spread:

N/A

Thornhill Tower II202 m

48 Suncrest Blvd, Markham

Avg Asking$2,279/mo

Avg $/SF$3.53

Rent Spread:

N/A

Comparable Analysis & Questions

How do rental rates at The Tower II compare to neighbouring buildings within Markham West?

At $0/month ($0.00/SF), The Tower II maintains a competitive market position compared to surrounding properties.

Does The Tower II offer a competitive price-per-square-foot ($/SF) against local comparables?

Comparing $/SF rates demonstrates how space efficiency and suite square footage influence relative affordability against nearby buildings.

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

Modern building amenities, concierge services, and construction vintage contribute to rent spreads between The Tower II and neighbouring options.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around The Tower II.

Building Amenities

Concierge & Security
Gym & Fitness Centre
Party & Lounge Room
Meeting Room
Sauna & Steam Room
Games & Billiards Room

Residential Buildings in the Vicinity

Data Methodology & Analytical Standards

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

Snapshot Dates & Benchmark Cadence

Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of September 30, 2026.
Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (September 2026 vs August 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.