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Market Data as of August 31, 2026

LINK 2 - Solara — Rental Market Data

5240 Dundas St, Burlington, Ontario L7L 0J6
Quick Rent Estimate
Active Suites3 Available
Type
Units
Avg Rent
1-Bedroom
2
$2,000
2-Bedroom
1
$2,850

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2018
Total Suites91
DeveloperAdi Development Group

Developed by Adi Development Group and completed in 2018, LINK 2 - Solara is an established residential building located at 5240 Dundas St in the Burlington North neighborhood, featuring a total suite count of 91 units, 3 active listings, and an availability rate of 3.3%. Recent leasing activity reflects 4 closed transactions over the past 90 days averaging 65 days on the market, alongside 1 closed transaction in the past 30 days averaging 54 days on the market.

Active asking rent sits at an average of $2,283 per month at an average rate of $3.67 per square foot, compared to realized 90-day leases averaging $1,913 per month at $3.24 per square foot. Current active listings average 623 square feet versus historical leases averaging 618 square feet, with an asking rate per square foot that stands 2.8% above the submarket asking benchmark of $3.57 per square foot.

Marketing friction shows an average closed days on market of 62 days compared to a delisted days on market of 5 days. Tenant negotiations yielded an average discount of $100 per month or 4.75% below asking, allowing 57.1% of leases to close under asking with zero leases closing above asking, leaving 1-Bedroom layouts with a small selection of 2 units and 2-Bedroom layouts with a single listing.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at LINK 2 - Solara as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units3
+1 (50.0%)
Avg Asking Rent$2,283
-$117 (4.9%)
Avg Suite Size623 sf
-47 sf (7.0%)
Avg Days on Market29d
+7d (33.3%)
Avg Asking $/SF$3.67
+$0.10 (2.7%)

Active Market Insights & Questions

How has rental availability changed at LINK 2 - Solara recently?

LINK 2 - Solara maintains 3 active listings as of August 31, 2026, with a price range of $2,000 to $2,850 per month, an average rent of $2,283 per month, and a median rent of $2,000 per month. Active suites average 623 square feet at an asking rate of $3.67 per square foot, dominated by 1-Bedroom layouts capturing a 66.7% share, reflecting an inventory profile that leans toward compact entry-level configurations.

What floor plans and unit layouts are currently available at LINK 2 - Solara?

The dominant active layout at LINK 2 - Solara takes the form of 1-Bedroom suites, claiming 2 active listings and a 66.7% inventory share. This tier averages $2,000 per month across an average of 540 square feet at $3.70 per square foot. Meanwhile, the 2-Bedroom tier accounts for 1 listing and a 33.3% share, averaging $2,850 per month across 790 square feet at $3.61 per square foot.

What is the average asking rent and $/SF by suite size at LINK 2 - Solara?

LINK 2 - Solara displays a minimum entry rent of $2,000 per month and a peak asking rent of $2,850 per month, creating a dollar spread of $850 and a percentage spread of 42.5%. The median asking rent rests at $2,000 per month. The entry-level suite consists of a 1-Bedroom layout spanning 530 square feet at an asking rate of $3.77 per square foot, while the peak suite features a 2-Bedroom layout spanning 790 square feet at an asking rate of $3.61 per square foot.

How much extra do parking spaces and dens cost at LINK 2 - Solara?

Active den premium dollar amounts and square footage deltas cannot be calculated because current listings lack den configurations. Parking premium data cannot be reliably isolated due to an anomalous outlier or insufficient paired sample.

How do asking rents at LINK 2 - Solara compare to local and municipal benchmarks?

LINK 2 - Solara posts an average asking rent of $2,283 per month and $3.67 per square foot, compared against submarket benchmarks averaging $2,385 per month and $3.57 per square foot. The building commands an asking rate per square foot that is 2.8% above the submarket asking benchmark while representing 39 total active listings across the broader Burlington North area.

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 LINK 2 - Solara (Data period: For the month of August 2026).

Units Leased1
Avg Leased Price$2,000
Avg Leased Size618 sf
Avg Days to Lease54d
Leased $/SF$3.64

Leased Transaction Insights & Questions

How many suites were leased at LINK 2 - Solara last month, and how fast did they rent?

At LINK 2 - Solara, the 30-day average days on market reached 54 days compared to 65 days across the 90-day window, outpacing the broader Burlington North submarket benchmark of 32 days. Closed lease counts shifted from 1 transaction over the past 30 days to 4 transactions over the 90-day window and 7 total closed leases over the past year, reflecting moderate leasing turnover through the summer season.

What is the negotiation spread between asking rents and closed lease prices at LINK 2 - Solara?

At LINK 2 - Solara, tenants secured an average discount of $100 per month, representing a 4.75% price reduction below asking and yielding annual tenant savings of $1,200 per year. Approximately 57.1% of all closed leases finalized below initial asking prices, establishing a tenant-favorable leasing environment and providing meaningful landlord concessions for incoming renters.

What are typical executed lease prices across different layouts at LINK 2 - Solara?

At LINK 2 - Solara, 1-Bedroom and 1-Bedroom + Den configurations dominated leasing volume, accounting for 42.9% each of total closed transactions. The 3 closed 1-Bedroom suites averaged $1,917 per month with a median of $1,900 per month, spanning a P25-P75 range of $1,875 to $1,950 per month across an average size of 583 square feet at $3.31 per square foot over 62 days on market, representing a limited sample size. The 3 closed 1-Bedroom + Den suites averaged $2,017 per month with a median of $2,050 per month, spanning a P25-P75 range of $1,975 to $2,075 per month across an average size of 643 square feet at $3.14 per square foot over 50 days on market, representing a directional small sample. The single 2-Bedroom transaction closed at $2,300 per month with a median of $2,300 per month, spanning a P25-P75 range of $2,300 to $2,300 per month across 650 square feet at $3.54 per square foot over 101 days on market, representing an individual single deal rather than a broad statistical benchmark.

What measurable rent premium did suites with parking achieve in closed leases at LINK 2 - Solara?

At LINK 2 - Solara, parking premium data was inconclusive due to insufficient paired lease records, leaving dedicated vehicle accommodation values unquantified. Suite leasing agreements bundled garage spaces into standard monthly rents without separate line-item breakdowns. Active asking data similarly lacked reliable paired samples to isolate stall premiums.

How does the lease-to-listing ratio at LINK 2 - Solara reflect current tenant demand?

At LINK 2 - Solara, realized monthly rents fluctuated moderately across the tracked spring and summer timeline. April recorded 1 closed deal averaging $2,300 per month at $3.54 per square foot over 101 days on market. May closed 2 deals averaging $2,075 per month at $3.19 per square foot over 38 days on market. June recorded 3 closed deals averaging $1,883 per month at $3.10 per square foot over 68 days on market. August closed 1 deal averaging $2,000 per month at $3.64 per square foot over 54 days on market.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at LINK 2 - Solara (Data period: For the month of August 2026).

Delisted Units2
Avg Asking Price$2,000
Avg Suite Size548 sf
Avg Days on Market5d
Delisted $/SF$3.65

De-Listed Market Analysis & Questions

How many listings de-listed at LINK 2 - Solara, and what was their re-listing price compared to previous asking?

At LINK 2 - Solara, a total of 2 units were delisted, representing a delisted-to-leased ratio of 200% against 7 historical leases. The unrented pool consisted entirely of 2 terminated listings with zero expired or suspended properties. This corresponds to a health ratio of roughly 1 listing pulled or cancelled for every 3.5 successful leases.

How do asking prices on de-listed suites compare to executed leases and active listings at LINK 2 - Solara?

At LINK 2 - Solara, unrented delisted units asked an average of $2,000 per month, showing a nominal dollar spread of $0 relative to realized lease averages with a rate of $3.65 per square foot compared to $3.27 per square foot for all-time leases. Unrented listings achieved exact nominal pricing parity with closed lease transactions while commanding a higher rate per square foot due to compact floor plans.

What market friction causes rental listings to stall or de-list at LINK 2 - Solara?

At LINK 2 - Solara, delisted unrented units recorded an average of 5 days on market compared to 62 days for realized leases. Because delisted properties withdrew swiftly without lingering on the market, owners incurred negligible vacancy holding costs or excess marketing delays.

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)
2026-04-27420506453.1825
2026-04-28420506453.1826
2026-04-29520106263.2222
2026-04-30520106263.2223
2026-05-01520106263.2224
2026-05-02520106263.2225
2026-05-03520106263.2226
2026-05-04620176303.2122
2026-05-05620176303.2123
2026-05-06620176303.2124
2026-05-07620176303.2125
2026-05-08620176303.2126
2026-05-09620176303.2127
2026-05-10620176303.2128
2026-05-11620176303.2129
2026-05-12620176303.2130
2026-05-13620176303.2131
2026-05-14620176303.2132
2026-05-15620176303.2133
2026-05-16620176303.2134
2026-05-17620176303.2135
2026-05-18620176303.2136
2026-05-19620176303.2137
2026-05-20620176303.2138
2026-05-21620176303.2139
2026-05-22620176303.2140
2026-05-23620176303.2141
2026-05-24620176303.2142
2026-05-25520106263.2248
2026-05-26419876203.2147
2026-05-27419876203.2148
2026-05-28419876203.2149
2026-05-29419876203.2150
2026-05-30419876203.2151
2026-05-31419876203.2152
2026-06-01419876203.2153
2026-06-02419876203.2154
2026-06-03419876203.2155
2026-06-04419876203.2156
2026-06-05419876203.2157
2026-06-06419876203.2158
2026-06-07419876203.2159
2026-06-08419876203.2160
2026-06-09419876203.2161
2026-06-10419876203.2162
2026-06-11619925963.3642
2026-06-12619925963.3643
2026-06-13619925963.3644
2026-06-14619925963.3645
2026-06-15419875743.4733
2026-06-16419875743.4734
2026-06-17419875743.4735
2026-06-18419875743.4736
2026-06-19419875743.4737
2026-06-20419875743.4738
2026-06-21319505493.5524
2026-06-22319505493.5525
2026-06-23319505493.5526
2026-06-24319505493.5527
2026-06-25118505503.3657
2026-07-02119505503.55N/A
2026-07-03119505503.551
2026-07-04119505503.552
2026-07-05119505503.553
2026-07-06119505503.554
2026-07-07119505503.555
2026-07-08119505503.556
2026-07-09119505503.557
2026-07-10119505503.558
2026-07-11119505503.559
2026-07-12119505503.5510
2026-07-13119505503.5511
2026-07-14119505503.5512
2026-07-15119505503.5513
2026-07-16224006703.587
2026-07-17224006703.588
2026-07-18224006703.589
2026-07-19224006703.5810
2026-07-20224006703.5811
2026-07-21224006703.5812
2026-07-22224006703.5813
2026-07-23224006703.5814
2026-07-24224006703.5815
2026-07-25224006703.5816
2026-07-26224006703.5817
2026-07-27224006703.5818
2026-07-28224006703.5819
2026-07-29224006703.5820
2026-07-30224006703.5821
2026-07-31224006703.5822
2026-08-01224006703.5823
2026-08-02224006703.5824
2026-08-03224006703.5825
2026-08-04224006703.5826
2026-08-05224006703.5827
2026-08-06224006703.5828
2026-08-07422006093.6115
2026-08-08422006093.6116
2026-08-09422006093.6117
2026-08-10621335863.6412
2026-08-11621335863.6413
2026-08-12422006053.6418
2026-08-13422006053.6419
2026-08-14422006053.6420
2026-08-15422006053.6421
2026-08-16422006053.6422
2026-08-17422006053.6423
2026-08-18422006053.6424
2026-08-19422006053.6425
2026-08-20422006053.6426
2026-08-21422006053.6427
2026-08-22422006053.6428
2026-08-23422006053.6429
2026-08-24422006053.6430
2026-08-25322836233.6723
2026-08-26322836233.6724
2026-08-27322836233.6725
2026-08-28322836233.6726
2026-08-29322836233.6727
2026-08-30322836233.6728
2026-08-31322836233.6729

12-Month Market Dynamics & Trend Trajectory

LINK 2 - Solara has established a consistent leasing history with 7 lifetime closed transactions averaging $2,014 per month at $3.27 per square foot. Suites averaged 618 square feet with an overall average days on market of 62 days, pointing to steady tenant turnover within the Burlington North submarket. Pricing discipline at the building favored incoming renters, as 57.1% of transactions closed below asking price. Tenants capitalized on soft negotiation dynamics to secure an average monthly discount of $100, translating to a 4.75% markdown and direct annual savings of $1,200 per year.

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)
2026-05-24220756503.1938
2026-05-310N/AN/AN/AN/A
2026-06-070N/AN/AN/AN/A
2026-06-14219006392.9773
2026-06-21118505503.3658
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
2026-08-090N/AN/AN/AN/A
2026-08-160N/AN/AN/AN/A
2026-08-23120005503.6454

Nearby Building Rental Comparables & Price Spreads

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

LINK 2 - Solara, built in 2018 and located at 5240 Dundas St with 3 active listings, competes directly within the Burlington North micro-market alongside nearby residential developments of varying structural generations. Immediate peers include LINK 2 - Vert at 5260 Dundas St (0.05 km away, completed in 2018, with 0 active listings), Valera - V1 at 3210 Dakota Common (1.03 km away, completed in 2023, with 15 active listings), Valera - V2 at 3200 Dakota Common (1.09 km away, completed in 2023, with 20 active listings), and Realm Condos at 4853 Thomas Alton Boulevard (1.26 km away, completed in 2024, with 2 active listings). This competitive set highlights a generational contrast between the established 2018-vintage assets and newer 2023 to 2024 constructions that feature expanded amenity programs. Across the competitive set, the overall comp average lease rent stands at $2,313 per month, with an average rate of $3.52 per square foot and an average suite size of 664 square feet. LINK 2 - Solara maintains a competitive market position by offering historical rate stability compared to newer builds like Valera - V1 ($2,363 per month at $3.55 per square foot) and Valera - V2 ($2,352 per month at $3.59 per square foot), allowing tenants to secure established floor plans without paying the premium associated with 2023 and 2024 developments.

5260 Dundas St, Burlington

Avg Asking$2,050/mo
Avg $/SF$4.06
Rent Spread:
-$234/mo (-10.2%) Lower

3210 Dakota Common, Burlington

Avg Asking$2,391/mo
Avg $/SF$3.61
Rent Spread:
+$108/mo (+4.7%) Higher

3200 Dakota Common, Burlington

Avg Asking$2,382/mo
Avg $/SF$3.53
Rent Spread:
+$99/mo (+4.3%) Higher

4853 Thomas Alton Boulevard, Burlington

Avg Asking$2,216/mo
Avg $/SF$3.41
Rent Spread:
-$67/mo (-2.9%) Lower

4878 Powers Common Street, Burlington

Avg Asking$2,142/mo
Avg $/SF$3.42
Rent Spread:
-$142/mo (-6.2%) Lower

4870 Palladium Way, Burlington

Avg Asking$3,100/mo
Avg $/SF$2.58
Rent Spread:
+$817/mo (+35.8%) Higher

Comparable Analysis & Questions

How do rental rates at LINK 2 - Solara compare to neighbouring buildings within Burlington North?

LINK 2 - Solara achieves an average lease rent of $2,014 per month, trading below the overall comparable average of $2,313 per month across benchmarks such as Valera - V1, Valera - V2, and Realm Condos. Valera - V1 (3210 Dakota Common) reports an average lease rent of $2,363 per month at $3.55 per square foot across an average of 675 square feet. Valera - V2 (3200 Dakota Common) records an average lease rent of $2,352 per month at $3.59 per square foot across 667 square feet. Realm Condos (4853 Thomas Alton Boulevard) leases at an average of $2,225 per month at $3.42 per square foot across 650 square feet. LINK 2 - Vert (5260 Dundas St) currently reports no active leases or transactional data within the tracked period.

Does LINK 2 - Solara offer a competitive price-per-square-foot ($/SF) against local comparables?

LINK 2 - Solara offers a value proposition characterized by an average lease rate of $3.27 per square foot across an average of 618 square feet, positioning it below newer competing alternatives in the Burlington North submarket. Valera - V1 commands $3.55 per square foot across 675 square feet, Valera - V2 charges $3.59 per square foot across 667 square feet, and Realm Condos asks $3.42 per square foot across 650 square feet. Renters at LINK 2 - Solara trade off slightly more compact historical floor plans and older finishes in exchange for lower overall monthly rent commitments and reduced absolute rental burdens compared to the higher square foot costs found in 2023 and 2024 completions.

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

LINK 2 - Solara delivers a robust lifestyle and amenity profile that matches or exceeds many contemporary builds in the immediate vicinity. The building features signature amenities—including an Indoor Pool, Sauna & Steam Room, Hot Tub & Jacuzzi, Gym & Fitness Centre, Party & Lounge Room, Meeting Room, Games & Billiards Room, Rooftop Terrace, BBQ Area, and Garden & Courtyard—providing comprehensive wellness and recreational options. When contrasted with peers, LINK 2 - Solara shares similar comprehensive aquatic and fitness spaces with its immediate neighbor LINK 2 - Vert, while outmatching the traditional offerings found in newer developments like Valera - V1, Valera - V2, and Realm Condos by prioritizing extensive indoor pool and hydrotherapy infrastructure over specialized spaces like pet washes or yoga studios. This amenity package serves value-conscious professionals and fitness-oriented residents seeking resort-style wellness features within an established 2018 community.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around LINK 2 - Solara.

Building Amenities

  • Gym & Fitness Centre
  • Indoor Pool
  • Sauna & Steam Room
  • Hot Tub & Jacuzzi
  • Party & Lounge Room
  • Meeting Room
  • Games & Billiards Room
  • Rooftop Terrace
  • BBQ Area
  • Garden & Courtyard

Residential Buildings in the Vicinity

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for LINK 2 - Solara.

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.