Market Data as of August 31, 2026
Hallmark Place — Rental Market Data
Last Lease
2-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Hallmark Place is an established residential building located at 6720 Glen Erin Drive W in the Mississauga West submarket, developed by Westclair Developments and completed in 2006, featuring 148 suites. The development currently reports zero active listings, resulting in a 0% availability rate and tight leasing conditions. Recent leasing velocity reflects 2 closed transactions over the past 90 days with an average days on market of 7 days, alongside 30-day activity recording zero completed leases.
Historical leasing data for Hallmark Place indicates an average realized lease rent of $2,375 per month at an average rate of $2.87 per square foot across an average suite size of 875 square feet. Current active inventory metrics cannot be calculated due to zero available units, and submarket comparisons show the building operating at a rate of $2.87 per square foot versus the broader Mississauga West asking benchmark of $3.63 per square foot.
Marketing friction remains non-existent with closed days on market averaging 7 days and zero recorded delisted units, alongside landlord-favorable leverage where 90-day leases closed at an average premium of $125 per month (a 6.25% premium) above asking. Inventory availability is entirely locked down with zero units currently on the market across all bedroom tiers, leaving prospective tenants with no active selection.
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Last Realized Lease
Transaction metrics for the most recently leased suite
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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) |
|---|---|---|---|---|---|
| 2026-06-01 | 1 | 2000 | 650 | 3.08 | N/A |
| 2026-06-02 | 1 | 2000 | 650 | 3.08 | 1 |
| 2026-06-03 | 1 | 2000 | 650 | 3.08 | 2 |
| 2026-06-04 | 1 | 2000 | 650 | 3.08 | 3 |
| 2026-06-05 | 1 | 2000 | 650 | 3.08 | 4 |
| 2026-06-15 | 1 | 2500 | 1100 | 2.27 | N/A |
| 2026-06-16 | 1 | 2500 | 1100 | 2.27 | 1 |
| 2026-06-17 | 1 | 2500 | 1100 | 2.27 | 2 |
| 2026-06-18 | 1 | 2500 | 1100 | 2.27 | 3 |
| 2026-06-19 | 1 | 2500 | 1100 | 2.27 | 4 |
| 2026-06-20 | 1 | 2500 | 1100 | 2.27 | 5 |
| 2026-06-21 | 1 | 2500 | 1100 | 2.27 | 6 |
| 2026-06-22 | 1 | 2500 | 1100 | 2.27 | 7 |
12-Month Market Dynamics & Trend Trajectory
Hallmark Place features a lifetime leasing history of 2 total closed transactions, generating an average monthly rent of $2,375 per month at $2.87 per square foot across an average suite size of 875 square feet. With a lifetime average days on market of 7 days, the building demonstrates rapid tenant turnover that substantially outperforms the broader Mississauga West submarket benchmark of 22 days on market. Pricing discipline at the building exhibits strong landlord leverage, with transactions closing at an average premium of $125 per month or 6.25% above asking price, capturing $1,500 per year in additional rental revenue. Active listing volume is currently zero, reflecting a fully absorbed operating state with no active market inventory.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-31 | 1 | 2250 | 650 | 3.46 | 5 |
| 2026-06-07 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-21 | 1 | 2500 | 1100 | 2.27 | 8 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Hallmark Place sits within a competitive micro-market defined by a mix of mature developments, featuring nearby peers such as Rockcliffe on the Park Apartments located 0.16 kilometers away (built in 2026 with 4 active listings), The Aquitaine Condos located 0.38 kilometers away (built in 1977 with 2 active listings), The Parkview located 0.73 kilometers away (built in 1984 with 1 active listing), and Meadowvale Place located 0.76 kilometers away (built in 2006 with 3 active listings). These competitors span multiple structural eras, contrasting mid-century and 1980s stock against mid-2000s builds like the subject property, which was completed in 2006 and contains 148 suites. Across the immediate competitive set, overall benchmarks average $2,736 per month at $2.76 per square foot across an average suite size of 1,025 square feet. Hallmark Place aligns closely with the mid-2000s vintage generation, offering competitive value relative to older high-density stock while tracking slightly below broader submarket benchmarks that average $2,605 per month at $3.44 per square foot.
6719 Glen Erin Drive, Mississauga
Comparable Analysis & Questions
How do rental rates at Hallmark Place compare to neighbouring buildings within Mississauga West?
Hallmark Place achieves an average lease rent of $2,375 per month, trading below the overall competitive set average of $2,736 per month. Individual competitor benchmarks include Rockcliffe on the Park Apartments at 6719 Glen Erin Drive with an average lease rent of $2,400 per month ($2.53 per square foot across 950 square feet), The Aquitaine Condos at 2929 Aquitaine Avenue with an average lease rent of $2,825 per month ($2.57 per square foot across 1,100 square feet), The Parkview at 6500 Montevideo Road W with an average lease rent of $3,200 per month ($2.46 per square foot across 1,300 square feet), and Meadowvale Place at 2900 Battleford Road with an average lease rent of $2,517 per month ($3.46 per square foot across 750 square feet).
Does Hallmark Place offer a competitive price-per-square-foot ($/SF) against local comparables?
Hallmark Place delivers an average leased rate of $2.87 per square foot across an average suite size of 875 square feet, positioning it competitively against the broader submarket benchmark of $3.44 per square foot. Renters at Hallmark Place balance moderately sized floor plans against favorable overall rental outlays compared to larger, older alternatives like The Parkview at 1,300 square feet ($2.46 per square foot) or The Aquitaine Condos at 1,100 square feet ($2.57 per square foot). While buildings like Meadowvale Place achieve a higher rate of $3.46 per square foot across smaller 750 square foot footprints, Hallmark Place captures a middle ground of functional layout efficiency and mid-2000s construction standards.
How do building age, amenities, and developer reputation impact rent spreads?
The supplied data provides amenities for Hallmark Place but does not provide comparable amenity lists for the nearby buildings, so a direct amenity comparison cannot be established.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Hallmark Place.
Residential Buildings in the Vicinity
- Rockcliffe on the Park Apartments160 m
- The Aquitaine Condos377 m
- The Parkview735 m
- Meadowvale Place760 m
- 2301 Derry Road1.0 km
- 23 Swanhurst Boulevard3.0 km
- First Home Long Valley Phase 2 - Building 13.4 km
- First Home Long Valley Phase 2 - Building 23.5 km
- First Home Long Valley3.5 km
- Tannery Square3.6 km
- 5557 Oscar Peterson Boulevard3.7 km
- 2415 Bankside3.8 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Hallmark Place.
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.