Skip to Content

Market Data as of August 31, 2026

Majestic Court I — Rental Market Data

60 South Town Centre Blvd, Markham, Ontario L6G 0C5
Quick Rent Estimate

Last Lease

1-Bedroom
Lease Amount
$2,150/mo
Date Leased: August 28, 2026
Rent psf$3.31/sf
Turnover Velocity19 Days
Active Inventory Status0 Available

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2009
Total Suites253
DeveloperTimes Group

Majestic Court I at 60 South Town Centre Blvd in Markham's City Centre submarket is a fully occupied 253-suite residential building developed by Times Group and completed in 2009, with zero units currently listed for rent as of August 31, 2026. The building has closed 13 leases over the trailing year, including four in the past 30 days at an average of $2,188 per month and 51 days on market, and eight in the past 90 days averaging $2,338 per month with a 39-day leasing cycle. With no active inventory, the building's availability rate sits at zero percent, making it one of the tightest occupied assets in a submarket that currently carries 96 available listings.

Historical lease data places Majestic Court I's realized average rent at $2,365 per month and $3.21 per square foot across an average suite footprint of 746 square feet, which is 10.1 percent below the submarket's average realized rate of $3.57 per square foot. The building's all-time average days on market of 35 days runs eight days above the submarket benchmark of 27 days, indicating a modestly slower leasing cadence despite the competitive per-square-foot pricing. Tenants across tracked closed transactions negotiated an average discount of $38 per month, or 1.49 percent below asking, with 46.2 percent of leases closing under the initial asking price and delivering roughly $456 in annual savings.

Because zero units are actively listed, real-time pricing spreads, layout availability, and premium add-ons cannot be calculated for prospective renters. The dominant historical lease layout is the one-bedroom-plus-den configuration at 38.5 percent of closed transactions, suggesting the building's inventory skews toward mid-size family-oriented suites rather than compact studio or entry-level product. Renters seeking comparable space in Markham City Centre should monitor the 96 active submarket listings, where the average asking rent is $2,711 per month at $3.58 per square foot, and watch for Majestic Court I units to re-enter the market given the building's zero-delisting record and full occupancy.

Get Monthly Rental Market Updates for Majestic Court I

Stay ahead of pricing shifts. Monthly summary of closed lease contracts, active asking rates, and available inventory direct to your inbox.

Strictly monthly updates. One-click unsubscribe at any time.

Last Realized Lease

Transaction metrics for the most recently leased suite

1-Bedroom
Lease Amount$2,150/mo
Date LeasedAugust 28, 2026
Rent psf$3.31/sf
Turnover Velocity19 Days
Active Inventory Status0 Available

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 Majestic Court I (Data period: For the month of August 2026).

Units Leased4
Avg Leased Price$2,188
Avg Leased Size746 sf
Avg Days to Lease51d
Leased $/SF$3.37

Leased Transaction Insights & Questions

How many suites were leased at Majestic Court I last month, and how fast did they rent?

Majestic Court I closed 4 leases in the trailing 30 days at an average 51 days on market, compared to 8 leases over 90 days at 39 DOM and a submarket benchmark of 27 DOM. The building logged 13 total closed leases over the trailing year, meaning roughly a third of all activity landed in the most recent month. Leasing cadence accelerated from the 90-day window into the 30-day window, though the 51-day DOM in the latest cohort signals that individual units are taking longer to clear than the submarket average.

What is the negotiation spread between asking rents and closed lease prices at Majestic Court I?

Majestic Court I tenants negotiated an average discount of $38 per month (1.49% below asking), translating to $456 in annual savings per lease across the tracked sample. Forty-six percent of the 13 closed leases settled under the listed asking price, confirming measurable tenant leverage in this submarket. The remaining leases closed at or near asking, so the concession pattern is consistent rather than an outlier event.

What are typical executed lease prices across different layouts at Majestic Court I?

The 1-Bedroom + Den layout anchors Majestic Court I's lease volume with 5 closings at an average $2,250 per month and 51 DOM, while the 1-Bedroom tier follows with 4 closings at $2,138 per month and 20 DOM. The 1-Bedroom + Den sample (5 leases) is a statistically robust benchmark, with rents ranging from $2,200 to $2,250 across the P25–P75 band, averaging 670 square feet at $3.36 per square foot. The 1-Bedroom tier (4 leases) serves as a directional reference only, averaging 650 square feet at $3.29 per square foot with a P25–P75 range of $2,138 to $2,150. The 2-Bedroom tier (4 leases) is likewise a limited sample, averaging $2,738 per month across 938 square feet at $2.95 per square foot, with a P25–P75 range of $2,700 to $2,762 and 31 DOM.

What measurable rent premium did suites with parking achieve in closed leases at Majestic Court I?

Majestic Court I does not have sufficient paired lease data to isolate a reliable parking premium per month. Parking appears bundled into suite rents across the tracked transactions, and no verified standalone parking rate can be confirmed from the closed-lease record. Active-listing parking data is similarly inconclusive due to an unreliable outlier or insufficient paired sample, so no parking dollar figure should be quoted for this building.

How does the lease-to-listing ratio at Majestic Court I reflect current tenant demand?

Majestic Court I's monthly lease trajectory across spring and summer 2026 shows a volatile rent path with no single directional trend. April opened with 1 deal at $2,150 per month ($3.31 per square foot, 46 DOM). May brought the heaviest volume at 4 deals, averaging $2,475 per month ($3.20 per square foot, 26 DOM). June saw a single lease at $2,250 per month ($3.46 per square foot, 3 DOM). July closed 3 deals at the highest nominal rent of $2,567 per month but the lowest rate per square foot at $2.92, indicating those were larger suites rather than a pricing spike. August returned to 4 deals at $2,188 per month ($3.37 per square foot, 51 DOM), where the nominal drop reflects compact suite footprints rather than any devaluation of the property.

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)
2026-04-27624338083.0920
2026-04-28524808403.0316
2026-04-29524808403.0317
2026-04-30524808403.0318
2026-05-01524808403.0319
2026-05-02524808403.0320
2026-05-03524808403.0321
2026-05-04523608003.0411
2026-05-05523608003.0412
2026-05-06523608003.0413
2026-05-07523608003.0414
2026-05-08523608003.0415
2026-05-09523608003.0416
2026-05-10422637883.0018
2026-05-11422637883.0019
2026-05-12422637883.0020
2026-05-13422637883.0021
2026-05-14322506833.3016
2026-05-15223257003.3320
2026-05-16223257003.3321
2026-05-17223257003.3322
2026-05-18122506503.4624
2026-05-19122506503.4625
2026-05-20222506503.4613
2026-05-21222506503.4614
2026-05-22222506503.4615
2026-05-23222506503.4616
2026-05-24222506503.4617
2026-05-25222506503.4618
2026-05-26222506503.4619
2026-05-27222506503.4620
2026-05-28222506503.4621
2026-05-29322506503.4615
2026-05-30322506503.4616
2026-05-31322506503.4617
2026-06-01322506503.4618
2026-06-02424137253.3614
2026-06-03424137253.3615
2026-06-04424137253.3616
2026-06-05424137253.3617
2026-06-06424137253.3618
2026-06-07424137253.3619
2026-06-08424137253.3620
2026-06-09424137253.3621
2026-06-10424137253.3622
2026-06-11424137253.3623
2026-06-12424137253.3624
2026-06-13424137253.3625
2026-06-14424137253.3626
2026-06-15424137253.3627
2026-06-16424137253.3628
2026-06-17424137253.3629
2026-06-18424137253.3630
2026-06-19525108003.2125
2026-06-20525108003.2126
2026-06-21525108003.2127
2026-06-22624677753.2623
2026-06-23624677753.2624
2026-06-24624677753.2625
2026-06-25525108003.2131
2026-06-26525108003.2132
2026-06-27525108003.2133
2026-06-28525108003.2134
2026-06-29525108003.2135
2026-06-30525108003.2136
2026-07-01525108003.2137
2026-07-02525108003.2138
2026-07-03525108003.2139
2026-07-04424137253.3646
2026-07-05424137253.3647
2026-07-06424137253.3648
2026-07-07324677503.3349
2026-07-08324677503.3350
2026-07-09324677503.3351
2026-07-10324677503.3352
2026-07-11222506503.4661
2026-07-12222506503.4662
2026-07-13222506503.4663
2026-07-14222506503.4664
2026-07-15222506503.4665
2026-07-16222506503.4666
2026-07-17222506503.4667
2026-07-18222506503.4668
2026-07-19222506503.4669
2026-07-20222506503.4670
2026-07-21222506503.4671
2026-07-22222506503.4672
2026-07-23222506503.4673
2026-07-24222506503.4674
2026-07-25222506503.4675
2026-07-26222506503.4676
2026-07-27222506503.4677
2026-07-28222506503.4678
2026-07-29222506503.4679
2026-07-30222506503.4680
2026-07-31222506503.4681
2026-08-01222506503.4682
2026-08-02222506503.4683
2026-08-03222506503.4684
2026-08-04222506503.4685
2026-08-05222506503.4686
2026-08-06222506503.4687
2026-08-07222506503.4688
2026-08-08222506503.4689
2026-08-09322176503.4160
2026-08-10121506503.311
2026-08-11121506503.312
2026-08-12121506503.313
2026-08-13121506503.314
2026-08-14121506503.315
2026-08-15121506503.316
2026-08-16121506503.317
2026-08-17121506503.318
2026-08-18121506503.319
2026-08-19121506503.3110
2026-08-20121506503.3111
2026-08-21121506503.3112
2026-08-22221506503.317
2026-08-23221506503.318
2026-08-24221506503.319
2026-08-25221506503.3110
2026-08-26121506503.3117
2026-08-27121506503.3118

12-Month Market Dynamics & Trend Trajectory

Majestic Court I's realized average rent of $2,365 per month sits $135 below the Markham City Centre submarket average of $2,500, and its $3.21 per square foot rate runs 10.1% under the submarket's $3.57 per square foot benchmark. The building's average suite size of 746 square feet places it in the mid-range for the submarket, and the below-benchmark rate per square foot positions Majestic Court I as a value-oriented option for tenants comparing options across the 96 active listings in the area. On pricing discipline, 46.2% of Majestic Court I's 13 tracked leases closed below asking, with tenants capturing an average $38 per month concession (1.49% off list). That works out to $456 in annual savings per lease, a pattern that points to genuine landlord concession rather than a one-off negotiation. The remaining leases settled at or near asking, so the discount is a consistent feature of this building's leasing process rather than an anomaly.

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
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
DateUnits LeasedAvg Leased Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-05-03127008503.1855
2026-05-10224007503.2014
2026-05-17124007503.2021
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
2026-06-21122506503.463
2026-06-281280011002.5515
2026-07-05224508003.1044
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
2026-08-09222256503.4291
2026-08-160N/AN/AN/AN/A
2026-08-23221506503.3112

Nearby Building Rental Comparables & Price Spreads

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

Majestic Court I at 60 South Town Centre Blvd sits in a dense cluster of four nearby residential towers within 170 metres, all of which recorded active lease volume over the trailing 180 days. The closest competitor, Majestic Court II at 50 Clegg Rd (0.05 km, completed 2009), closed 10 lease transactions in that window. Eko Markham Centre – Noa 2 at 75 South Town Centre Blvd (0.07 km, completed 2008) logged 3 closed leases, while Eko Markham Centre – Noa 1 at 55 South Town Centre Blvd (0.08 km, completed 2008) recorded 5 and Eko Markham Centre – Noa 3 at 30 Clegg Rd (0.17 km, completed 2009) closed 7. All four peers span the 2008–2009 construction window, placing Majestic Court I in the same structural generation; no zero-transaction reference buildings appear in this immediate pocket. Against the four-comp benchmark of $2,261 average rent, $3.48 per square foot, and 662 average square feet, Majestic Court I's realized lease profile of $2,365 per month, $3.21 per square foot, and 746 average square feet positions the building as a larger-footprint, lower-rate-per-square-foot option. The subject's 84-square-foot advantage over the comp average translates into a tangible space premium for tenants, while its $0.27-per-square-foot discount below the comp mean signals a more competitive unit rate. At 16 years of age (built in 2009), the building competes on footprint generosity and aquatic-wellness amenities rather than on the newest construction or the broadest productivity amenity suites offered by its Eko and Majestic Court II neighbours.

50 Clegg Rd, Markham

Avg Asking$2,663/mo
Avg $/SF$3.18
Rent Spread:
N/A

75 South Town Centre Blvd, Markham

Avg Asking$2,300/mo
Avg $/SF$3.62
Rent Spread:
N/A

55 South Town Centre Blvd, Markham

Avg Asking$2,266/mo
Avg $/SF$3.43
Rent Spread:
N/A

32 Clegg Rd, Markham

Avg Asking$2,363/mo
Avg $/SF$3.17
Rent Spread:
N/A

30 Clegg Rd, Markham

Avg Asking$2,334/mo
Avg $/SF$3.46
Rent Spread:
N/A

23 Cox Blvd, Markham

Avg Asking$2,784/mo
Avg $/SF$3.11
Rent Spread:
N/A

Comparable Analysis & Questions

How do rental rates at Majestic Court I compare to neighbouring buildings within Markham City Centre?

Majestic Court I's average realized lease rent of $2,365 per month runs $104 above the four-comp benchmark of $2,261, a gap driven primarily by the subject's larger average suite footprint rather than a higher per-square-foot rate. Majestic Court II (50 Clegg Rd, 0.05 km, 10 closed leases) posted an average rent of $2,500 per month at $3.17 per square foot across 811 square feet, meaning the subject trades at a $135-per-month lower nominal rent despite commanding a $0.04-per-square-foot premium over that peer. Eko Markham Centre – Noa 2 (75 South Town Centre Blvd, 0.07 km, 3 closed leases) averaged $2,083 per month at $3.79 per square foot over 550 square feet, placing the subject $282 higher in nominal rent. Eko Markham Centre – Noa 1 (55 South Town Centre Blvd, 0.08 km, 5 closed leases) recorded $2,266 per month at $3.43 per square foot across 665 square feet, with the subject $99 higher. Eko Markham Centre – Noa 3 (30 Clegg Rd, 0.17 km, 7 closed leases) averaged $2,193 per month at $3.54 per square foot over 623 square feet, leaving the subject $172 higher in monthly rent.

Does Majestic Court I offer a competitive price-per-square-foot ($/SF) against local comparables?

Majestic Court I leases at $3.21 per square foot across an average 746-square-foot suite, a combination that undercuts the four-comp average of $3.48 per square foot and 662 square feet while delivering materially more interior space. Against Majestic Court II, the subject commands a $0.04-per-square-foot (1.3%) premium but provides 65 fewer interior square feet, so the lower nominal rent reflects a compact footprint rather than a weaker unit rate. Versus Eko Markham Centre – Noa 2, the subject trades at a $0.58-per-square-foot (15.3%) discount while providing 196 more interior square feet; the $282 higher monthly rent is entirely a function of that additional footprint, not a higher asset valuation per unit of space. Against Eko Markham Centre – Noa 1, the subject offers a $0.22-per-square-foot (6.4%) discount with 81 more square feet, and against Eko Markham Centre – Noa 3, a $0.33-per-square-foot (9.3%) discount with 123 more square feet. In every Eko comparison, the subject's higher nominal rent is a space premium, not a rate premium—tenants pay more in total because they receive more square footage at a lower per-square-foot cost.

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

Majestic Court I provides an eight-item lifestyle package—concierge and security, gym and fitness centre, indoor pool, hot tub and jacuzzi, sauna and steam room, party and lounge room, games and billiards room, and rooftop terrace—that covers the core aquatic-wellness and social-recreation themes but omits the productivity and entertainment amenities present at every nearby competitor. Majestic Court II adds a meeting room, business centre, media and theatre room, library and reading room, and BBQ area on top of the subject's full set; each Eko Markham Centre tower (Noa 1, Noa 2, Noa 3) layers in a meeting room, media and theatre room, and either a garden and courtyard or a rock-climbing wall that the subject does not offer. The subject's rooftop terrace is shared with Majestic Court II, Noa 1, and Noa 3 but absent from Noa 2, giving it a modest outdoor-living edge in that single pairing. This streamlined, aquatic-and-gym-centric package best serves cost-conscious professionals and young couples who prioritize pool, sauna, and fitness access over remote-work meeting rooms or media theatres, and who value a lower per-square-foot rate with generous interior square footage over a broader amenity checklist.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Majestic Court I.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Indoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Party & Lounge Room
  • Games & Billiards Room
  • Rooftop Terrace

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Majestic Court I.

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.