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Market Data as of August 31, 2026

Gibson Square - North Tower — Rental Market Data

5168 Yonge St, North York, Ontario M2N 0G1
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
1-Bedroom
1
$2,600

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2015
Total Suites452
DeveloperMenkes Developments

Gibson Square – North Tower at 5168 Yonge Street in North York City Centre is a 452-suite residential building completed in 2015 by Menkes Developments. As of August 31, 2026, the tower holds a single active listing, representing a 0.2 percent availability rate. Leasing activity remains steady, with four closed leases in the trailing 30 days at an average of $3,075 per month and a 21-day average days-on-market, and twelve leases in the trailing 90 days averaging $2,929 per month with a 26-day DOM.

The one currently available suite is a 550-square-foot one-bedroom asking $2,600 per month, or $4.73 per square foot. That asking rate sits below the building's 90-day realized lease average of $2,929 per month and its 3.80 per-square-foot realized rate, suggesting the active unit is priced competitively relative to recent transactions. Against the North York City Centre submarket asking benchmark of $3.84 per square foot, the building's active listing commands a 23.2 percent premium on a per-square-foot basis, a gap driven by the compact 550-square-foot footprint rather than an inflated unit price.

Marketing friction at Gibson Square – North Tower is modest but measurable. The single delisted unit in the recent window sat on the market for 49 days and asked an average of $3,200 per month, which is $125 above the 30-day realized lease average, indicating that overpriced units face a 28-day excess in days-on-market compared to successfully leased units. On the negotiation side, tenants captured an average discount of $49 per month, or 1.66 percent below asking, with half of all leases closing under the listed price. Active inventory depth is extremely thin: the one-bedroom tier holds exactly one listing, and no two-bedroom, three-bedroom, or studio units are currently available for rent.

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Active Rental Inventory & Asking Rates

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

Active Units1
-3 (75.0%)
Avg Asking Rent$2,600
-$400 (13.3%)
Avg Suite Size550 sf
-225 sf (29.0%)
Avg Days on Market11d
-2d (17.0%)
Avg Asking $/SF$4.73
+$0.80 (20.3%)

Active Market Insights & Questions

How has rental availability changed at Gibson Square - North Tower recently?

Gibson Square – North Tower carries one active listing as of August 31, 2026, with a single asking rent of $2,600 per month serving as both the average and median. The available suite measures 550 square feet at an asking rate of $4.73 per square foot. The 100 percent layout share falls to the one-bedroom tier, meaning current inventory is concentrated entirely in a compact entry-level configuration with no multi-bedroom executive options on the market.

What floor plans and unit layouts are currently available at Gibson Square - North Tower?

The sole active layout at Gibson Square – North Tower is the one-bedroom, accounting for 100 percent of available inventory with a single listing. That unit asks $2,600 per month across 550 square feet, translating to $4.73 per square foot. No studio, two-bedroom, three-bedroom, or den-included tiers currently have active availability in the building.

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

Gibson Square – North Tower's active availability is concentrated in a single price point of $2,600 per month, producing a zero-dollar and zero-percent spread. The entry-level and peak suite are the same unit: a 550-square-foot one-bedroom at $4.73 per square foot. With only one listing on the market, there is no internal price gradient for renters to navigate.

How much extra do parking spaces and dens cost at Gibson Square - North Tower?

Gibson Square – North Tower does not have a quantified den premium or square-footage delta in its current active inventory, as the sole available unit is a standard one-bedroom without a den component. Parking stall costs cannot be reliably isolated from current listings due to an insufficient paired sample, and no verified historical parking benchmark exists in the building's lease records.

How do asking rents at Gibson Square - North Tower compare to local and municipal benchmarks?

Gibson Square – North Tower's active asking rent of $2,600 per month sits $153 below the North York City Centre submarket average asking rent of $2,753, while its $4.73 per-square-foot rate runs 23.2 percent above the submarket asking benchmark of $3.84 per square foot. The lower nominal monthly outlay is driven by the compact 550-square-foot suite size rather than a cheaper unit price, as the per-square-foot premium reflects a smaller footprint priced at a higher density rate. The building represents one of 216 active listings across the North York City Centre submarket, or roughly 0.5 percent of total available inventory.

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 Gibson Square - North Tower (Data period: For the month of August 2026).

Units Leased4
Avg Leased Price$3,075
Avg Leased Size768 sf
Avg Days to Lease21d
Leased $/SF$3.76

Leased Transaction Insights & Questions

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

Gibson Square – North Tower closed 4 leases in the trailing 30 days with an average DOM of 21 days, compared to a North York City Centre submarket benchmark of 25 days. Over the prior 90 days the building logged 12 closed leases at a 26-day average DOM, and the full 18-lease lifetime record sits at 24 days. Leasing turnover accelerated through the summer: June posted the highest monthly volume at 5 deals, while July slowed to 3 units with a 39-day DOM before August rebounded to 4 closings in 21 days.

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

Gibson Square – North Tower tenants negotiated an average discount of $49 per month (1.66% below asking), translating to $588 in annual savings per unit. Exactly 50.0% of the 18 tracked leases closed under the listed asking price, confirming genuine tenant leverage rather than a landlord pricing premium. The net negotiation spread of -$49 per month signals that landlords at this building are conceding on price to close deals, and prospective tenants should expect room to negotiate below the posted rate.

What are typical executed lease prices across different layouts at Gibson Square - North Tower?

The two highest-volume anchor layouts at Gibson Square – North Tower are the 1-Bedroom + Den (6 leases, $2,592 average, 29-day DOM) and the 2-Bedroom (6 leases, $3,150 average, 23-day DOM), both representing statistically robust benchmarks. The 1-Bedroom tier closed 4 deals at $2,388 average (median $2,400, P25–P75 range $2,388–$2,400), averaging 550 square feet at $4.34 per square foot over 21 days; this is a limited sample and serves as a directional reference only. The 2-Bedroom + Den tier recorded 2 closings at $3,700 average (median $3,700, P25–P75 range $3,650–$3,750), averaging 1,200 square feet at $3.10 per square foot over 22 days; this is also a small sample and should be treated as directional only.

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

Gibson Square – North Tower does not have a reliably isolable leased parking premium, as paired data between suites with and without parking is insufficient to calculate a defensible figure. Active listings at the building also show unreliable parking pricing due to outlier values, so no concrete monthly parking surcharge can be quoted. Prospective tenants should request a written breakdown of whether parking is bundled into the suite rent or billed separately before signing.

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

Gibson Square – North Tower rents trended upward across the April-to-August 2026 window, rising from $2,483 in spring to $3,075 by late summer. April closed 3 deals at $2,483 average ($4.04 per square foot, 18-day DOM). May saw 3 closings at $2,933 average ($3.61 per square foot, 23-day DOM). June was the volume peak with 5 deals at $2,870 average ($3.81 per square foot, 23-day DOM). July slowed to 3 units at $2,833 average ($3.85 per square foot, 39-day DOM). August recovered to 4 closings at $3,075 average ($3.76 per square foot, 21-day DOM), the highest monthly rent in the tracked period.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$3,200
Avg Suite Size850 sf
Avg Days on Market49d
Delisted $/SF$3.76

De-Listed Market Analysis & Questions

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

Gibson Square – North Tower recorded 1 delisted unit in the tracking window, representing a 25% delisted-to-leased ratio against 4 recent leases. The single listing was terminated by the landlord; no units expired or were suspended. While one delisting is not a broad statistical signal, it does indicate that at least one asking price failed to convert within the marketing window, warranting attention from prospective tenants who may find similar units re-listed at adjusted rates.

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

Gibson Square – North Tower's single delisted unit asked $3,200 per month, which is $125 per month (4.1%) above the $3,075 realized lease average in the same 30-day window. The delisted listing carried a rate of $3.76 per square foot, essentially matching the realized lease rate of $3.76 per square foot, confirming the overpricing was driven by the absolute dollar ask rather than a density premium. This is a direct overpricing signal: the unit sat on market because the landlord's asking price exceeded what tenants were willing to pay at that rate per square foot.

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

Gibson Square – North Tower's delisted unit sat on market for an average of 49 days, compared to a 21-day realized lease DOM in the same period. That 28-day excess represents roughly one month of lost rent at the $3,200 asking rate—approximately $2,987 in vacancy carry—plus ongoing condo maintenance fees for the duration. The friction is meaningful: a landlord who overprices by even $125 per month can lose a full month of revenue before the unit finally leases at 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.

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)
2026-04-27831298513.7632
2026-04-28730768373.7730
2026-04-29730768373.7731
2026-04-30631678683.7531
2026-05-01631678683.7532
2026-05-02631678683.7533
2026-05-03631678683.7534
2026-05-04631678683.7535
2026-05-05631678683.7536
2026-05-06631678683.7537
2026-05-07532808923.8141
2026-05-08532808923.8142
2026-05-09532808923.8143
2026-05-10532808923.8144
2026-05-11433139123.7952
2026-05-12333839243.8760
2026-05-13333839243.8761
2026-05-14333839243.8762
2026-05-15333839243.8763
2026-05-16333839243.8764
2026-05-17333839243.8765
2026-05-18333839243.8766
2026-05-19432388563.9851
2026-05-20531208154.0041
2026-05-21531208154.0042
2026-05-22432638813.8447
2026-05-23432638813.8448
2026-05-24432638813.8449
2026-05-25432638813.8450
2026-05-26432638813.8451
2026-05-27432638813.8452
2026-05-28432638813.8453
2026-05-29432638813.8454
2026-05-30432638813.8455
2026-05-31330177414.0926
2026-06-01330177414.0927
2026-06-02428386934.1221
2026-06-03428386934.1222
2026-06-04530508153.8918
2026-06-05429137883.899
2026-06-06429137883.8910
2026-06-07528207404.009
2026-06-08528207404.0010
2026-06-09528207404.0011
2026-06-10528207404.0012
2026-06-11528207404.0013
2026-06-12628837583.9612
2026-06-13628837583.9613
2026-06-14628837583.9614
2026-06-15628837583.9615
2026-06-16728297503.9113
2026-06-17728297503.9114
2026-06-18728297503.9115
2026-06-19728297503.9116
2026-06-20828887723.8715
2026-06-21828887723.8716
2026-06-22929227803.8615
2026-06-23929227803.8616
2026-06-24929227803.8617
2026-06-25828007153.9618
2026-06-26728217253.9516
2026-06-27728217253.9517
2026-06-28628837543.8618
2026-06-29528007203.9221
2026-06-30429257633.8521
2026-07-01429257633.8522
2026-07-02330677833.9525
2026-07-03330677833.9526
2026-07-04330677833.9527
2026-07-05330677833.9528
2026-07-06330677833.9529
2026-07-07330677833.9530
2026-07-08330677833.9531
2026-07-09330677833.9532
2026-07-10330677833.9533
2026-07-11330677833.9534
2026-07-12330508043.8017
2026-07-13330508043.8018
2026-07-14330508043.8019
2026-07-15330508043.8020
2026-07-16330508043.8021
2026-07-17330508043.8022
2026-07-18330508043.8023
2026-07-19330508043.8024
2026-07-20330508043.8025
2026-07-21430888163.7919
2026-07-22430888163.7920
2026-07-23430888163.7921
2026-07-24430888163.7922
2026-07-25430888163.7923
2026-07-26430888163.7924
2026-07-27430638163.7614
2026-07-28430638163.7615
2026-07-29331678503.7316
2026-07-30331678503.7317
2026-07-31430007753.9313
2026-08-01531408403.8211
2026-08-02531408403.8212
2026-08-03531408403.8213
2026-08-04531408403.8214
2026-08-05531408403.8215
2026-08-06531408403.8216
2026-08-07431258383.8318
2026-08-08431258383.8319
2026-08-09431258383.8320
2026-08-10331008333.8511
2026-08-11331008333.8512
2026-08-12331008333.8513
2026-08-13231008253.9513
2026-08-14231008253.9514
2026-08-15231008253.9515
2026-08-16231008253.9516
2026-08-17231008253.9517
2026-08-18231008253.9518
2026-08-19231008253.9519
2026-08-20329337334.2113
2026-08-21329337334.2114
2026-08-22329337334.2115
2026-08-23329337334.2116
2026-08-24225505504.6414
2026-08-25126005504.735
2026-08-26126005504.736
2026-08-27126005504.737
2026-08-28126005504.738
2026-08-29126005504.739
2026-08-30126005504.7310
2026-08-31126005504.7311

12-Month Market Dynamics & Trend Trajectory

Gibson Square – North Tower has closed 18 leases since its 2015 registration, averaging $2,856 per month at $3.81 per square foot across an average suite size of 768 square feet. The lifetime average DOM of 24 days sits just under the North York City Centre submarket benchmark of 25 days, indicating the building leases at roughly market pace. Tenant turnover has been steady but modest, with the bulk of activity concentrated in the April-to-August 2026 window, suggesting a seasonal leasing pattern typical of North York City Centre high-rises. On pricing discipline, 50.0% of the 18 tracked leases closed below the listed asking price, with an average tenant discount of $49 per month (1.66%). The net negotiation spread of -$49 per month and $588 in annualized savings confirm that tenants hold meaningful leverage at this building. Landlords are conceding on price to close deals, and prospective tenants should factor in a modest below-asking settlement when budgeting.

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
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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)
2026-05-03126007503.4723
2026-05-10231008443.6824
2026-05-170N/AN/AN/AN/A
2026-05-240N/AN/AN/AN/A
2026-05-310N/AN/AN/AN/A
2026-06-070N/AN/AN/AN/A
2026-06-140N/AN/AN/AN/A
2026-06-21232009753.4629
2026-06-28326506744.0319
2026-07-050N/AN/AN/AN/A
2026-07-12125506503.9254
2026-07-190N/AN/AN/AN/A
2026-07-26229757813.8131
2026-08-02132008503.7617
2026-08-09131008503.6517
2026-08-160N/AN/AN/AN/A
2026-08-23230008253.8224

Nearby Building Rental Comparables & Price Spreads

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

Gibson Square – North Tower at 5168 Yonge St sits within a tight competitive cluster in North York City Centre, anchored by its sister building Gibson Square – South Tower at 5162 Yonge St, just 0.01 km away and completed in the same 2015 era, which recorded 29 closed leases over the trailing 180 days. Four blocks north, Beacon at 5180 Yonge St (completed 2019, 0.09 km) also logged 29 closed leases in the same window, while two older-generation towers along Empress Avenue—Royal Pinnacle at 33 Empress Ave (built 2000, 0.13 km, 14 closed leases) and The Majestic I at 28 Empress Ave (built 2000, 0.16 km, 7 closed leases)—round out the four-building comp set. The structural split is clear: the two 2015 towers and the 2019 Beacon represent a newer construction cohort, whereas the Empress Avenue pair is roughly 15 years older, a gap that shows up in both amenity depth and per-square-foot pricing. Across the four comparables, the average closed-lease rent lands at $2,763 per month with an average rate of $3.72 per square foot and an average suite size of 772 square feet. Gibson Square – North Tower's realized lease average of $2,856 per month and $3.81 per square foot places it modestly above the comp midpoint on both rent and rate, while its 768-square-foot average footprint sits just under the comp mean. The building's value proposition in this micro-market is therefore one of a mid-2010s product that trades at a slight per-square-foot premium over three of four peers—justified by a fuller amenity stack—while offering more interior space than the compact Beacon but less than the two older, larger-floorplate towers on Empress Avenue.

5162 Yonge St, North York

Avg Asking$2,916/mo
Avg $/SF$3.84
Rent Spread:
+$316/mo (+12.1%) Higher
Beacon86 m

5180 Yonge St, North York

Avg Asking$2,589/mo
Avg $/SF$4.17
Rent Spread:
-$11/mo (-0.4%) Lower

33 Empress Ave, North York

Avg Asking$2,874/mo
Avg $/SF$3.44
Rent Spread:
+$274/mo (+10.5%) Higher

28 Empress Ave, North York

Avg Asking$2,911/mo
Avg $/SF$3.56
Rent Spread:
+$311/mo (+12.0%) Higher

233 Beecroft Rd, North York

Avg Asking$2,808/mo
Avg $/SF$3.52
Rent Spread:
+$208/mo (+8.0%) Higher

18 Parkview Ave, North York

Avg Asking$2,605/mo
Avg $/SF$2.95
Rent Spread:
+$5/mo (+0.2%) Higher

Comparable Analysis & Questions

How do rental rates at Gibson Square - North Tower compare to neighbouring buildings within North York City Centre?

Gibson Square – North Tower's average closed-lease rent of $2,856 per month runs $93 above the four-comp average of $2,763, positioning it in the upper half of this immediate Yonge Street corridor. Gibson Square – South Tower at 5162 Yonge St (0.01 km) closed leases averaging $2,909 per month at $3.74 per square foot across 803 square feet, edging the North Tower by $53. Beacon at 5180 Yonge St (0.09 km) posted the lowest average rent in the set at $2,516 per month, though its $4.22 per-square-foot rate reflects a tighter 623-square-foot average suite. Royal Pinnacle at 33 Empress Ave (0.13 km) averaged $2,882 per month at $3.36 per square foot over 881 square feet, and The Majestic I at 28 Empress Ave (0.16 km) closed at $2,743 per month, $3.56 per square foot, and 779 square feet.

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

Gibson Square – North Tower leases at $3.81 per square foot on an average 768-square-foot suite, a rate that sits at a premium to three of four nearby competitors but delivers a meaningfully larger footprint than Beacon's 623-square-foot average. Against Beacon (0.09 km), the North Tower trades at a $0.41-per-square-foot discount—$3.81 versus $4.22—while providing 145 more square feet of interior space, making it the clear value play for renters who prioritize floor area over the absolute lowest monthly figure. Compared with Gibson Square – South Tower (0.01 km), the North Tower commands a $0.07-per-square-foot premium ($3.81 vs. $3.74) on 35 fewer square feet, and against Royal Pinnacle (0.13 km) it carries a $0.45-per-square-foot premium ($3.81 vs. $3.36) on 113 fewer square feet. The Majestic I (0.16 km) shows the tightest spread: a $0.25-per-square-foot premium for the North Tower on just 11 fewer square feet, meaning the two buildings are nearly identical in scale but differ in construction era and amenity depth.

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

Gibson Square – North Tower fields a 10-item amenity suite that outperforms both Empress Avenue towers and edges out Beacon on several lifestyle features, making it the most well-rounded offering within a 200-metre radius. The North Tower's indoor pool is absent at Royal Pinnacle and The Majestic I, and its dedicated dining room and kitchen is not offered at Beacon, Royal Pinnacle, or The Majestic I. A media and theatre room distinguishes the North Tower from Royal Pinnacle and The Majestic I, neither of which provides a dedicated screening space. The games and billiards room is missing at The Majestic I, and the rooftop terrace is unavailable at both Empress Avenue buildings. By contrast, the South Tower adds a hot tub, garden courtyard, and meeting room that the North Tower lacks, and Beacon offers a BBQ area and meeting room not found in the North Tower's lineup. Taken together, this amenity profile best serves young professionals and small households in their late twenties to mid-thirties who want resort-style indoor recreation—pool, sauna, theatre, billiards—without the trade-off of a smaller suite or an older building shell.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Gibson Square - North Tower.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Indoor Pool
  • Sauna & Steam Room
  • Party & Lounge Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Rooftop Terrace
  • Dining Room & Kitchen

Data Methodology & Analytical Standards

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

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.