Market Data as of August 31, 2026
Royal Arms — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Royal Arms at 5418 Yonge St in the North York City Centre neighborhood is an established residential building completed in 1998 by developer Tridel, containing 221 total suites with 3 active listings representing a 1.4% availability rate. The property recorded 6 closed leases over the trailing 90 days with an average days on market of 19 days, alongside a 30-day leasing pace of 2 transactions averaging 26 days on the market.
Active asking rents average $3,125 per month at $3.03 per square foot, comparing against realized 90-day leases averaging $2,642 per month at $3.16 per square foot across 6 transactions. Current active inventory skews toward larger suite layouts compared to recent historical leases, and the building's active asking rate of $3.03 per square foot sits well below the North York City Centre submarket asking benchmark of $3.84 per square foot.
Marketing friction remains low with zero delisted units and a tenant-favorable negotiation environment where tenants secured an average discount of $80 per month or 2.67% below asking, with 50.0% of leases closing under asking. Inventory selection offers exactly 1 active listing across each available layout tier, providing limited choices for prospective tenants across the 1-Bedroom + Den, 2-Bedroom + Den, and 3-Bedroom+ configurations.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Royal Arms as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Royal Arms recently?
Royal Arms features 3 active listings as of August 31, 2026, with an asking price range of $2,500 to $3,975 per month, an average asking rent of $3,125 per month, and a median asking rent of $2,900 per month. Active inventory features an average size of 1,100 square feet and an average asking rate of $3.03 per square foot. Dominant layout share is split evenly among available tiers, with inventory leaning toward spacious, multi-bedroom executive layouts.
What floor plans and unit layouts are currently available at Royal Arms?
The dominant active layout at Royal Arms is the 1-Bedroom + Den, claiming 1 listing and a 33.3% inventory share. Additional options include a 2-Bedroom + Den featuring 1 listing representing a 33.3% share with an average asking rent of $2,900 per month across an average of 850 square feet at $3.41 per square foot. A 3-Bedroom+ configuration rounds out the inventory with 1 listing taking a 33.3% share, averaging $3,975 per month across 1,700 square feet at $2.34 per square foot.
What is the average asking rent and $/SF by suite size at Royal Arms?
Royal Arms records a minimum entry rent of $2,500 per month and a peak asking rent of $3,975 per month, establishing a dollar spread of $1,475 and a percentage spread of 59%. Median asking rent sits at $2,900 per month. The entry-level suite consists of a 1-Bedroom + Den layout spanning 750 square feet at an asking rate of $3.33 per square foot, while the peak suite features a 3-Bedroom+ layout spanning 1,700 square feet at an asking rate of $2.34 per square foot.
How much extra do parking spaces and dens cost at Royal Arms?
Active den premiums at Royal Arms cannot be isolated as active den premium data is null and square footage deltas are unquantified. Marginal costs for extra den space remain indeterminate due to insufficient structural data within the current active listings. Furthermore, active parking premium data cannot be reliably isolated due to an insufficient paired sample.
How do asking rents at Royal Arms compare to local and municipal benchmarks?
Royal Arms asks an average rent of $3,125 per month at $3.03 per square foot compared to the North York City Centre submarket asking benchmark of $2,753 per month at $3.84 per square foot. Lower nominal monthly figures in certain comparisons reflect more compact suite footprints rather than cheaper underlying valuations, while the building's asking rate per square foot sits 21.1% below the submarket asking benchmark amid a total submarket inventory of 216 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 Royal Arms (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Royal Arms last month, and how fast did they rent?
At Royal Arms, 30-day leasing velocity registered a 26-day average days on market across 2 transactions, while the 90-day window recorded a 19-day average across 6 deals against a North York City Centre submarket benchmark of 25 days. Closed lease counts tracked 6 transactions over the trailing 90 days compared to 10 total tracked leases over the lifetime dataset, demonstrating steady leasing turnover through the late summer season.
What is the negotiation spread between asking rents and closed lease prices at Royal Arms?
At Royal Arms, transactions settled with an average discount of $80 per month, representing a 2.67% reduction from initial asking prices and saving tenants $960 per year. Exactly 50.0% of closed leases secured concessions below asking price, reinforcing a tenant-favorable leasing environment where prospective renters exercised pricing leverage.
What are typical executed lease prices across different layouts at Royal Arms?
Royal Arms recorded its highest leasing volume in the 2-Bedroom + Den and 2-Bedroom configurations, which averaged $2,813 per month over 26 days on market and $2,750 per month over 16 days on market, respectively. The 2-Bedroom + Den tier recorded 4 closed leases with a median rent of $2,850 per month, a P25-P75 range of $2,750 to $2,912 per month, an average square footage of 913 square feet, and an average rate of $3.11 per square foot (note that this represents a small sample size). The 2-Bedroom tier recorded 2 closed leases with a median rent of $2,750 per month, a P25-P75 range of $2,725 to $2,775 per month, an average square footage of 900 square feet, and an average rate of $3.06 per square foot (note that this represents a small sample size). The 3-Bedroom+ tier recorded 2 closed leases averaging $3,700 per month, a median rent of $3,700 per month, a P25-P75 range of $3,600 to $3,800 per month, an average square footage of 1,333 square feet, and an average rate of $2.78 per square foot across a 40-day marketing window (note that this represents a small sample size). The 1-Bedroom tier recorded 1 closed lease averaging $2,150 per month, a median rent of $2,150 per month, a P25-P75 range of $2,150 to $2,150 per month, an average square footage of 600 square feet, and an average rate of $3.58 per square foot over 29 days on market (note that this represents an individual deal rather than a broad statistical benchmark). The 1-Bedroom + Den tier recorded 1 closed lease averaging $2,500 per month, a median rent of $2,500 per month, a P25-P75 range of $2,500 to $2,500 per month, an average square footage of 750 square feet, and an average rate of $3.33 per square foot over 5 days on market (note that this represents an individual deal rather than a broad statistical benchmark).
What measurable rent premium did suites with parking achieve in closed leases at Royal Arms?
At Royal Arms, parked suite pairings lacked sufficient paired data to isolate a definitive realized monthly parking premium. Parking stalls were bundled directly into lease agreements without separate line-item values, and active asking metrics similarly lacked reliable standalone parking data.
How does the lease-to-listing ratio at Royal Arms reflect current tenant demand?
At Royal Arms, monthly average rents moved from $3,238 per month in May down to $2,975 per month by August. May recorded 4 closed leases averaging $3,02 per square foot over 34 days on market. June closed 2 leases averaging $2,625 per month and $3.11 per square foot across 14 days on market. July recorded 2 closed leases averaging $2,325 per month and $3.46 per square foot over 17 days on market. August concluded the tracked period with 2 closed leases averaging $2,975 per month and $2.91 per square foot across 26 days on market.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 4 | 3338 | 1092 | 3.11 | 18 |
| 2026-04-28 | 4 | 3338 | 1092 | 3.11 | 19 |
| 2026-04-29 | 4 | 3338 | 1092 | 3.11 | 20 |
| 2026-04-30 | 4 | 3338 | 1092 | 3.11 | 21 |
| 2026-05-01 | 4 | 3338 | 1092 | 3.11 | 22 |
| 2026-05-02 | 4 | 3338 | 1092 | 3.11 | 23 |
| 2026-05-03 | 4 | 3338 | 1092 | 3.11 | 24 |
| 2026-05-04 | 4 | 3338 | 1092 | 3.11 | 25 |
| 2026-05-05 | 4 | 3338 | 1092 | 3.11 | 26 |
| 2026-05-06 | 3 | 3500 | 1172 | 3.02 | 25 |
| 2026-05-07 | 3 | 3500 | 1172 | 3.02 | 26 |
| 2026-05-08 | 3 | 3500 | 1172 | 3.02 | 27 |
| 2026-05-09 | 3 | 3500 | 1172 | 3.02 | 28 |
| 2026-05-10 | 3 | 3500 | 1172 | 3.02 | 29 |
| 2026-05-11 | 3 | 3500 | 1172 | 3.02 | 30 |
| 2026-05-12 | 2 | 3850 | 1333 | 2.89 | 35 |
| 2026-05-13 | 1 | 3900 | 1366 | 2.86 | 21 |
| 2026-05-14 | 1 | 3900 | 1366 | 2.86 | 22 |
| 2026-05-15 | 1 | 3900 | 1366 | 2.86 | 23 |
| 2026-05-16 | 1 | 3900 | 1366 | 2.86 | 24 |
| 2026-05-17 | 1 | 3900 | 1366 | 2.86 | 25 |
| 2026-05-18 | 1 | 3900 | 1366 | 2.86 | 26 |
| 2026-05-19 | 1 | 3900 | 1366 | 2.86 | 27 |
| 2026-05-20 | 1 | 3900 | 1366 | 2.86 | 28 |
| 2026-05-22 | 1 | 2500 | 750 | 3.33 | N/A |
| 2026-05-23 | 1 | 2500 | 750 | 3.33 | 1 |
| 2026-05-24 | 1 | 2500 | 750 | 3.33 | 2 |
| 2026-05-25 | 1 | 2500 | 750 | 3.33 | 3 |
| 2026-05-26 | 1 | 2500 | 750 | 3.33 | 4 |
| 2026-05-27 | 1 | 2500 | 750 | 3.33 | 5 |
| 2026-05-28 | 1 | 2500 | 750 | 3.33 | 6 |
| 2026-05-29 | 1 | 2500 | 750 | 3.33 | 7 |
| 2026-05-30 | 1 | 2500 | 750 | 3.33 | 8 |
| 2026-05-31 | 2 | 2650 | 850 | 3.14 | 5 |
| 2026-06-01 | 2 | 2650 | 850 | 3.14 | 6 |
| 2026-06-02 | 2 | 2650 | 850 | 3.14 | 7 |
| 2026-06-03 | 2 | 2650 | 850 | 3.14 | 8 |
| 2026-06-04 | 2 | 2650 | 850 | 3.14 | 9 |
| 2026-06-05 | 2 | 2650 | 850 | 3.14 | 10 |
| 2026-06-06 | 2 | 2650 | 850 | 3.14 | 11 |
| 2026-06-07 | 2 | 2650 | 850 | 3.14 | 12 |
| 2026-06-08 | 2 | 2650 | 850 | 3.14 | 13 |
| 2026-06-09 | 1 | 2500 | 750 | 3.33 | 18 |
| 2026-06-22 | 1 | 2800 | 950 | 2.95 | N/A |
| 2026-06-23 | 1 | 2800 | 950 | 2.95 | 1 |
| 2026-06-24 | 1 | 2800 | 950 | 2.95 | 2 |
| 2026-06-25 | 1 | 2800 | 950 | 2.95 | 3 |
| 2026-06-26 | 1 | 2800 | 950 | 2.95 | 4 |
| 2026-06-27 | 2 | 2650 | 850 | 3.14 | 3 |
| 2026-06-28 | 2 | 2650 | 850 | 3.14 | 4 |
| 2026-06-29 | 4 | 2575 | 813 | 3.22 | 2 |
| 2026-06-30 | 4 | 2575 | 813 | 3.22 | 3 |
| 2026-07-01 | 4 | 2575 | 813 | 3.22 | 4 |
| 2026-07-02 | 4 | 2575 | 813 | 3.22 | 5 |
| 2026-07-03 | 4 | 2575 | 813 | 3.22 | 6 |
| 2026-07-04 | 4 | 2575 | 813 | 3.22 | 7 |
| 2026-07-05 | 4 | 2575 | 813 | 3.22 | 8 |
| 2026-07-06 | 4 | 2575 | 813 | 3.22 | 9 |
| 2026-07-07 | 4 | 2575 | 813 | 3.22 | 10 |
| 2026-07-08 | 4 | 2575 | 813 | 3.22 | 11 |
| 2026-07-09 | 4 | 2575 | 813 | 3.22 | 12 |
| 2026-07-10 | 4 | 2575 | 813 | 3.22 | 13 |
| 2026-07-11 | 4 | 2575 | 813 | 3.22 | 14 |
| 2026-07-12 | 4 | 2575 | 813 | 3.22 | 15 |
| 2026-07-13 | 4 | 2575 | 813 | 3.22 | 16 |
| 2026-07-14 | 4 | 2575 | 813 | 3.22 | 17 |
| 2026-07-15 | 4 | 2575 | 813 | 3.22 | 18 |
| 2026-07-16 | 4 | 2575 | 813 | 3.22 | 19 |
| 2026-07-17 | 3 | 2500 | 767 | 3.31 | 19 |
| 2026-07-18 | 3 | 2500 | 767 | 3.31 | 20 |
| 2026-07-19 | 3 | 2500 | 767 | 3.31 | 21 |
| 2026-07-20 | 3 | 2500 | 767 | 3.31 | 22 |
| 2026-07-21 | 4 | 2500 | 763 | 3.31 | 17 |
| 2026-07-22 | 4 | 2500 | 763 | 3.31 | 18 |
| 2026-07-23 | 4 | 2500 | 763 | 3.31 | 19 |
| 2026-07-24 | 4 | 2500 | 763 | 3.31 | 20 |
| 2026-07-25 | 4 | 2500 | 763 | 3.31 | 21 |
| 2026-07-26 | 3 | 2500 | 767 | 3.31 | 28 |
| 2026-07-27 | 3 | 2500 | 767 | 3.31 | 29 |
| 2026-07-28 | 2 | 2675 | 850 | 3.17 | 30 |
| 2026-07-29 | 2 | 2675 | 850 | 3.17 | 31 |
| 2026-07-30 | 2 | 2675 | 850 | 3.17 | 32 |
| 2026-07-31 | 2 | 2675 | 850 | 3.17 | 33 |
| 2026-08-01 | 2 | 2675 | 850 | 3.17 | 34 |
| 2026-08-02 | 2 | 2675 | 850 | 3.17 | 35 |
| 2026-08-03 | 2 | 2675 | 850 | 3.17 | 36 |
| 2026-08-04 | 2 | 2675 | 850 | 3.17 | 37 |
| 2026-08-05 | 2 | 2675 | 850 | 3.17 | 38 |
| 2026-08-06 | 2 | 2675 | 850 | 3.17 | 39 |
| 2026-08-07 | 3 | 2750 | 850 | 3.25 | 27 |
| 2026-08-08 | 3 | 2750 | 850 | 3.25 | 28 |
| 2026-08-09 | 3 | 2750 | 850 | 3.25 | 29 |
| 2026-08-10 | 3 | 2750 | 850 | 3.25 | 30 |
| 2026-08-11 | 3 | 2750 | 850 | 3.25 | 31 |
| 2026-08-12 | 3 | 2750 | 850 | 3.25 | 32 |
| 2026-08-13 | 2 | 2700 | 800 | 3.37 | 27 |
| 2026-08-14 | 2 | 2700 | 800 | 3.37 | 28 |
| 2026-08-15 | 2 | 2700 | 800 | 3.37 | 29 |
| 2026-08-16 | 2 | 2700 | 800 | 3.37 | 30 |
| 2026-08-17 | 2 | 2700 | 800 | 3.37 | 31 |
| 2026-08-18 | 2 | 2700 | 800 | 3.37 | 32 |
| 2026-08-19 | 3 | 3125 | 1100 | 3.03 | 22 |
| 2026-08-20 | 3 | 3125 | 1100 | 3.03 | 23 |
| 2026-08-21 | 3 | 3125 | 1100 | 3.03 | 24 |
| 2026-08-22 | 4 | 3119 | 1100 | 2.98 | 19 |
| 2026-08-23 | 4 | 3119 | 1100 | 2.98 | 20 |
| 2026-08-24 | 4 | 3119 | 1100 | 2.98 | 21 |
| 2026-08-25 | 4 | 3119 | 1100 | 2.98 | 22 |
| 2026-08-26 | 4 | 3119 | 1100 | 2.98 | 23 |
| 2026-08-27 | 4 | 3119 | 1100 | 2.98 | 24 |
| 2026-08-28 | 4 | 3119 | 1100 | 2.98 | 25 |
| 2026-08-29 | 3 | 3125 | 1100 | 3.03 | 32 |
| 2026-08-30 | 3 | 3125 | 1100 | 3.03 | 33 |
| 2026-08-31 | 3 | 3125 | 1100 | 3.03 | 34 |
12-Month Market Dynamics & Trend Trajectory
Royal Arms has established a lifetime leasing volume of 10 closed transactions with an average monthly rent of $2,880 per month and a rate of $3.10 per square foot across an average suite size of 947 square feet. Properties in the building average 25 days on market, reflecting steady tenant absorption and reliable building-level liquidity. Pricing discipline across the asset reflects clear tenant-favorable leverage, with 50.0% of transactions securing price reductions below initial asking levels. Tenants negotiated an average discount of $80 per month, translating to a 2.67% average markdown and generating $960 in annual tenant savings through landlord concessions.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-03 | 1 | 2850 | 850 | 3.35 | 34 |
| 2026-05-10 | 2 | 3300 | 1075 | 3.09 | 37 |
| 2026-05-17 | 1 | 3500 | 1366 | 2.56 | 29 |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 2 | 2625 | 850 | 3.11 | 14 |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-21 | 0 | N/A | N/A | N/A | N/A |
| 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 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 2 | 2325 | 675 | 3.46 | 17 |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 1 | 2850 | 950 | 3.00 | 45 |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 1 | 3100 | 1100 | 2.82 | 7 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Royal Arms sits within a highly concentrated competitive micro-market in North York City Centre, surrounded by four direct competitor buildings located within 0.14 kilometers. This immediate competitive set includes Skyview on Yonge at 5444 Yonge St (0.12 km away, built in 1986, with 2 closed leases in the past 180 days), Triomphe at Northtown I at 5 Northtown Way (0.13 km away, built in 2002, with 12 closed leases), Grand Triomphe II at 500 Doris Ave (0.13 km away, built in 2009, with 6 closed leases), and Grand Triomphe I at 10 Northtown Way (0.14 km away, built in 2005, with 22 closed leases). These properties reflect varying structural eras, ranging from mid-1980s construction to mid-2000s high-rise developments, positioning the 1998-built Royal Arms as a well-established mid-generation option. Across the broader competitive benchmark, these nearby alternatives average $2,660 per month in rent at $3.29 per square foot across an average footprint of 823 square feet. Royal Arms positions itself competitively within this micro-market by offering larger average suite layouts at a more competitive rate per square foot than newer peer structures like the Grand Triomphe towers. While newer towers command higher per-square-foot pricing due to more recent finishes, Royal Arms delivers greater overall interior space, providing a distinct value proposition for renters prioritizing square footage over modern build age.
Comparable Analysis & Questions
How do rental rates at Royal Arms compare to neighbouring buildings within North York City Centre?
Royal Arms averages $2,880 per month in historical lease rent, comparing against an overall competitive market average of $2,660 per month across key benchmark properties including Skyview on Yonge, Triomphe at Northtown I, Grand Triomphe II, and Grand Triomphe I. Skyview on Yonge (5444 Yonge St) reports an average lease rent of $2,590 per month at $3.06 per square foot across an average of 846 square feet. Triomphe at Northtown I (5 Northtown Way) achieves an average lease rent of $2,657 per month at $3.10 per square foot across an average of 892 square feet. Grand Triomphe II (500 Doris Ave) records an average lease rent of $2,722 per month at $3.48 per square foot across an average of 783 square feet. Grand Triomphe I (10 Northtown Way) reports an average lease rent of $2,671 per month at $3.53 per square foot across an average of 771 square feet.
Does Royal Arms offer a competitive price-per-square-foot ($/SF) against local comparables?
Royal Arms defines its value proposition by offering a lower rate per square foot and more generous interior layouts compared to several adjacent newer alternatives in the North York City Centre micro-market. The building's historical leased rate of $3.10 per square foot matches Triomphe at Northtown I at $3.10 per square foot and undercuts Grand Triomphe I at $3.53 per square foot and Grand Triomphe II at $3.48 per square foot, while providing larger average footprints of 947 square feet. Renters at Royal Arms trade newer construction dates and modern aesthetic finishes for substantially larger living areas and lower baseline costs per square foot, securing more expansive floor plans than the 771-square-foot layouts found at Grand Triomphe I.
How do building age, amenities, and developer reputation impact rent spreads?
Royal Arms delivers an extensive residential lifestyle and amenity profile that matches or exceeds many established competitors in the immediate North York City Centre node. Signature amenities at Royal Arms include a 24/7 concierge and security service, a car wash bay, a gym and fitness centre paired with a dedicated yoga studio, an indoor pool, a hot tub and jacuzzi, a sauna and steam room, a party and lounge room, a meeting room, a games and billiards room, a library and reading room, a BBQ area, a rooftop terrace, and a garden and courtyard. When contrasted against nearby peers, Royal Arms matches the indoor pool and fitness offerings found at Skyview on Yonge at 5444 Yonge St, Triomphe at Northtown I at 5 Northtown Way, and Grand Triomphe II at 500 Doris Ave, while providing dedicated wellness and outdoor spaces like its sauna, hot tub, and rooftop terrace. This robust amenity package particularly well serves professionals and families seeking full-service building infrastructure without paying the premium rates attached to newer towers.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Royal Arms.
Building Amenities
- Concierge & Security
- Car Wash Bay
- Gym & Fitness Centre
- Yoga Studio
- Indoor Pool
- Hot Tub & Jacuzzi
- Sauna & Steam Room
- Party & Lounge Room
- Meeting Room
- Games & Billiards Room
- Library & Reading Room
- BBQ Area
- Rooftop Terrace
- Garden & Courtyard
Residential Buildings in the Vicinity
- Skyview on Yonge119 m
- Grand Triomphe II127 m
- Triomphe at Northtown I129 m
- Grand Triomphe I138 m
- Triomphe at Northtown II144 m
- Celsius181 m
- Parkside at Northtown205 m
- Sommerset at Northtown209 m
- Monaco211 m
- Dynasty Tower234 m
- Grandview at Northtown242 m
- The Diamond Condominiums243 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Royal Arms.
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.
