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Market Data as of August 31, 2026

World on Yonge - I — Rental Market Data

7161-7171 Yonge St, Markham, Ontario L3T 0C5
Quick Rent Estimate
Active Suites8 Available
Type
Units
Avg Rent
1-Bedroom
4
$2,248
1-Bedroom + Den
2
$2,570
2-Bedroom
2
$2,015

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2014
Total Suites710
DeveloperLiberty Development Corp.

World on Yonge - I, located at 7161-7171 Yonge St in the Markham West neighborhood, is an established residential building developed by Liberty Development Corp. and completed in 2014. Spanning 710 suites across the property, current active inventory stands at 8 listings, reflecting an availability rate of 1.1 percent. Over the past 90 days, the building recorded 33 closed leases with an average days on market of 24 days, alongside 11 closed leases over the past 30 days with an average days on market of 24 days.

Current active asking rents average $2,270 per month at $3.57 per square foot, contrasting with realized 90-day leases averaging $2,484 per month at $3.63 per square foot. Active listings average 659 square feet compared to historical leases averaging 695 square feet, while active asking rates per square foot sit 1.1 percent below the submarket asking benchmark of $3.61 per square foot.

Marketing friction data indicates that closed transactions averaged 24 days on market while unrented units remained active for 56 days before being delisted, with 51.2 percent of leases closing under asking by an average of $40 per month to grant tenants annual savings. Inventory availability features a small selection across standard tiers, led by 1-Bedroom suites accounting for 50 percent of active stock, whereas 1-Bedroom plus Den and 2-Bedroom layouts offer limited alternative selection.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at World on Yonge - I as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units8
-4 (33.3%)
Avg Asking Rent$2,270
-$149 (6.1%)
Avg Suite Size659 sf
-37 sf (5.3%)
Avg Days on Market28d
+3d (11.0%)
Avg Asking $/SF$3.57
+$0.01 (0.3%)

Active Market Insights & Questions

How has rental availability changed at World on Yonge - I recently?

World on Yonge - I has 8 active listings as of August 31, 2026, featuring a price range of $1,180 to $2,850 per month, an average asking rent of $2,270 per month, and a median asking rent of $2,275 per month. Active inventory averages 659 square feet with an asking rate of $3.57 per square foot. 1-Bedroom layouts dominate the active inventory with a 50 percent share, showing that current available stock leans toward more compact, entry-level suites rather than multi-bedroom executive layouts.

What floor plans and unit layouts are currently available at World on Yonge - I?

The dominant active layout at World on Yonge - I is the 1-Bedroom tier, representing 4 listings and a 50 percent inventory share. 1-Bedroom suites average $2,248 per month across an average of 565 square feet at $3.99 per square foot. 1-Bedroom plus Den configurations comprise 2 units or a 25 percent share, averaging $2,570 per month across 649 square feet at $3.96 per square foot. Standard 2-Bedroom units account for the remaining 2 listings or 25 percent share, averaging $2,015 per month across 857 square feet at $2.36 per square foot.

What is the average asking rent and $/SF by suite size at World on Yonge - I?

World on Yonge - I exhibits a minimum entry rent of $1,180 per month and a peak asking rent of $2,850 per month, creating a dollar spread of $1,670 per month or a 141.5 percent spread. The median asking rent sits at $2,275 per month. The entry-level listing consists of a 2-Bedroom suite spanning 863 square feet priced at $1.37 per square foot, while the peak listing comprises a 2-Bedroom suite spanning 850 square feet priced at $3.35 per square foot.

How much extra do parking spaces and dens cost at World on Yonge - I?

World on Yonge - I features an active den premium of $323 per month for an additional 85 square feet of interior space. This extra den space carries a marginal cost of $3.80 per square foot. Active parking premium data cannot be reliably isolated due to an insufficient sample size or anomalous outliers.

How do asking rents at World on Yonge - I compare to local and municipal benchmarks?

World on Yonge - I asks an average of $2,270 per month at $3.57 per square foot, comparing against broader Markham West submarket asking averages of $2,730 per month at $3.61 per square foot. The lower nominal monthly outlay at the building is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot sits 1.1 percent below the submarket asking benchmark, backed by 8 active listings within a submarket total of 40 active units.

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 World on Yonge - I (Data period: For the month of August 2026).

Units Leased11
Avg Leased Price$2,539
Avg Leased Size695 sf
Avg Days to Lease24d
Leased $/SF$3.71

Leased Transaction Insights & Questions

How many suites were leased at World on Yonge - I last month, and how fast did they rent?

World on Yonge - I registered an average days on market of 24 days over the past 30 days and 24 days over the past 90 days, outperforming the Markham West submarket benchmark of 26 days. Leasing turnover accelerated significantly over the summer, with 33 closed leases recorded in the 90-day window and 43 total leases captured across the lifetime tracking period.

What is the negotiation spread between asking rents and closed lease prices at World on Yonge - I?

World on Yonge - I transactions closed at an average discount of $40 per month, representing a 1.57% reduction below asking price and yielding annual tenant savings of $480 per year. Approximately 51.2% of leases closed below asking, illustrating a tenant-favorable leasing environment where prospective renters successfully negotiated price concessions.

What are typical executed lease prices across different layouts at World on Yonge - I?

World on Yonge - I recorded the highest leasing volume in the 1-Bedroom and 1-Bedroom + Den tiers, which averaged $2,196 per month (30 days DOM) and $2,342 per month (25 days DOM) respectively. Standard 1-Bedroom suites averaged $2,196 per month, median $2,200 per month, with a P25-P75 range of $2,150 to $2,250 per month, spanning 551 square feet at $4.01 per square foot over 30 days DOM across 14 closed deals, representing a robust statistical benchmark. 1-Bedroom + Den layouts averaged $2,342 per month, median $2,350 per month, with a P25-P75 range of $2,325 to $2,392 per month, providing 645 square feet at $3.63 per square foot over 25 days DOM across 14 closed deals, serving as a statistically robust benchmark. Standard 2-Bedroom units averaged $2,806 per month, median $2,800 per month, with a P25-P75 range of $2,800 to $2,850 per month, spanning 853 square feet at $3.29 per square foot over 23 days DOM across 9 closed deals, forming a moderate sample. 2-Bedroom + Den suites averaged $2,835 per month, median $2,850 per month, with a P25-P75 range of $2,800 to $2,850 per month, spanning 853 square feet at $3.33 per square foot over 32 days DOM across 5 closed deals, representing a moderate sample. The 3-Bedroom + Super-tier averaged $3,700 per month, median $3,700 per month, with a P25-P75 range of $3,700 to $3,700 per month, spanning 1,210 square feet at $3.06 per square foot over 23 days DOM across 1 closed deal (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 World on Yonge - I?

World on Yonge - I achieved a verified realized parking premium of $319 per month for vehicle stalls bundled into successful lease agreements. Active parking premium data cannot be reliably isolated due to an insufficient paired sample, so no active luxury positioning or extreme parking figures are quoted.

How does the lease-to-listing ratio at World on Yonge - I reflect current tenant demand?

World on Yonge - I experienced moderate monthly rent fluctuations, starting at $2,468 per month in May before peaking at $2,560 per month in June and closing August at $2,539 per month. In May 2026, the building recorded 10 closed deals averaging $2,468 per month, $3.64 per square foot, and 36 days on market. In June 2026, closed volume moderated to 5 deals averaging $2,560 per month, $3.44 per square foot, and 43 days on market. In July 2026, leasing velocity spiked to 17 closed deals averaging $2,427 per month, $3.64 per square foot, and 19 days on market. In August 2026, activity settled at 11 closed deals averaging $2,539 per month, $3.71 per square foot, and 24 days on market.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at World on Yonge - I (Data period: For the month of August 2026).

Delisted Units2
Avg Asking Price$2,575
Avg Suite Size650 sf
Avg Days on Market56d
Delisted $/SF$3.96

De-Listed Market Analysis & Questions

How many listings de-listed at World on Yonge - I, and what was their re-listing price compared to previous asking?

World on Yonge - I recorded a total of 2 delisted units, representing a delisted-to-leased ratio of 18.2% across 2 terminated listings, 0 expired listings, and 0 suspended listings. This translates to roughly 1 listing pulled for every 5.5 successful leases, indicating a relatively healthy absorption rate with minimal landlord pushback on price.

How do asking prices on de-listed suites compare to executed leases and active listings at World on Yonge - I?

World on Yonge - I unrented units asked an average of $2,575 per month, which is $36 per month above realized lease averages of $2,539 per month, alongside a higher rate of $3.96 per square foot. Unrented units were overpriced relative to realized leases, driving pushback on price from prospective tenants.

What market friction causes rental listings to stall or de-list at World on Yonge - I?

World on Yonge - I unrented units sat on the market for an average of 56 days compared to 24 days for successfully leased units, resulting in 32 excess marketing days. Translating these 32 excess days into vacancy holding costs, landlords suffered over one month of lost rental income plus ongoing monthly maintenance fees due to overpricing.

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
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)
2026-04-271323256413.7326
2026-04-281423526593.6725
2026-04-291423526593.6726
2026-04-301324686683.7721
2026-05-011424546593.8020
2026-05-021424546593.8021
2026-05-031525576963.7621
2026-05-041525576963.7622
2026-05-051425366853.7924
2026-05-061525516963.7623
2026-05-071625737063.7322
2026-05-081525877113.7323
2026-05-091525877113.7324
2026-05-101525877113.7325
2026-05-111525877113.7326
2026-05-121525877113.7327
2026-05-131626047203.7126
2026-05-141526257303.6828
2026-05-151426137223.7127
2026-05-161426137223.7128
2026-05-171426137223.7129
2026-05-181426137223.7130
2026-05-191426137223.7131
2026-05-201326377353.6829
2026-05-211326377353.6830
2026-05-221126577373.6826
2026-05-231226367303.6825
2026-05-241226367303.6826
2026-05-251126257193.7228
2026-05-261127077463.6925
2026-05-271127077463.6926
2026-05-281226697303.7224
2026-05-291226697303.7225
2026-05-301226697303.7226
2026-05-311226697303.7227
2026-06-011326187053.8226
2026-06-021425956943.8525
2026-06-031526127043.8125
2026-06-041526127043.8126
2026-06-051526127043.8127
2026-06-061526127043.8128
2026-06-071526127043.8129
2026-06-081526127043.8130
2026-06-091526127043.8131
2026-06-101526127043.8132
2026-06-111526127043.8133
2026-06-121525826913.8431
2026-06-131525826913.8432
2026-06-141525826913.8433
2026-06-151525826913.8434
2026-06-161525826913.8435
2026-06-171624947013.6833
2026-06-181624947013.6834
2026-06-191525027053.6836
2026-06-201424566953.6838
2026-06-211524496923.6836
2026-06-221724847033.6526
2026-06-231725287213.6223
2026-06-241625087133.6324
2026-06-251724907033.6623
2026-06-261825027003.6823
2026-06-271825027003.6824
2026-06-281725087033.6824
2026-06-291725027033.6720
2026-06-301524156803.6618
2026-07-011424206833.6620
2026-07-021324377053.5419
2026-07-031423996833.6219
2026-07-041524356933.6218
2026-07-051623776683.6617
2026-07-061523326563.6619
2026-07-071523326563.6620
2026-07-081523326563.6621
2026-07-091523326563.6622
2026-07-101523326563.6623
2026-07-111623366553.6722
2026-07-121623366553.6723
2026-07-131623366553.6724
2026-07-141823416553.6723
2026-07-151623436553.6825
2026-07-161623436553.6826
2026-07-171623886693.6826
2026-07-181524016773.6628
2026-07-191524016773.6629
2026-07-201724206853.6326
2026-07-211924316873.6324
2026-07-221924316873.6325
2026-07-231924707003.6025
2026-07-241824496923.6124
2026-07-251724646973.6125
2026-07-261824566943.6125
2026-07-271724506933.6125
2026-07-281724506933.6126
2026-07-291624667023.5928
2026-07-301324106843.6130
2026-07-311224196963.5625
2026-08-011325257353.5324
2026-08-021325257353.5325
2026-08-031325257353.5326
2026-08-041425097223.5725
2026-08-051125347423.5122
2026-08-061125347423.5123
2026-08-071025187513.4522
2026-08-081025187513.4523
2026-08-091025357523.4723
2026-08-10924867403.4723
2026-08-11924867403.4724
2026-08-12825097643.3828
2026-08-13825097643.3829
2026-08-14825097643.3830
2026-08-15825097643.3831
2026-08-16825097643.3832
2026-08-17825097643.3833
2026-08-18924867413.4630
2026-08-191024867323.5028
2026-08-201024867323.5029
2026-08-211024617223.5222
2026-08-221024617223.5223
2026-08-231024617223.5224
2026-08-24723016883.4525
2026-08-25723016883.4526
2026-08-26822896713.5224
2026-08-27822896713.5225
2026-08-28822896713.5226
2026-08-29922846583.5924
2026-08-30922846583.5925
2026-08-31822706593.5728

12-Month Market Dynamics & Trend Trajectory

World on Yonge - I has established a consistent leasing history across 710 suites built by Liberty Development Corp., with a lifetime volume of 43 closed leases averaging $2,480 per month at $3.63 per square foot across an average suite size of 695 square feet. Average days on market sits at a balanced 27 days, reflecting steady tenant turnover and stable rental demand in the Markham West submarket. Pricing discipline within the building leans moderately toward prospective renters, as over half of all transactions settle below asking price. Landlords faced pricing friction when exceeding market thresholds, leading to an average tenant negotiation discount of $40 per month and reinforcing a tenant-favorable leasing environment where overpricing directly correlates with extended marketing times and terminated listings.

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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)
2026-05-03225757363.5320
2026-05-10224637073.5435
2026-05-17424136613.7547
2026-05-24224757003.6233
2026-05-310N/AN/AN/AN/A
2026-06-07128008503.2943
2026-06-140N/AN/AN/AN/A
2026-06-21325507503.4328
2026-06-28323586453.6635
2026-07-05228508503.3513
2026-07-12422486253.6113
2026-07-19323006153.9137
2026-07-26624916983.6020
2026-08-02324006503.7642
2026-08-09324926833.7015
2026-08-16125006503.8512
2026-08-23327838013.6323
2026-08-30124006503.6910

Nearby Building Rental Comparables & Price Spreads

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

World on Yonge - I, built in 2014 with 710 suites, competes directly within the Markham West micro-market against a mix of mid-2010s high-rises and established residential towers. Key nearby competitors include Parkside Towers at World on Yonge (B1) at 7165 Yonge St (0.01 km away, completed in 2015, with 22 active listings), Parkside Towers at World on Yonge (B2) at 7167 Yonge St (0.02 km away, completed in 2015, with 9 active listings), The Vanguard at 1 Grandview Ave (0.23 km away, completed in 2021, with 11 active listings), and Crystal Palace Condo at 7451 Yonge Street (0.71 km away, completed in 1984, with 1 active listing). This competitive set highlights a strong structural divide between modern, amenity-rich mid-2010s developments and older, lower-density inventory from the 1980s. Across these immediate competitors, the average benchmark rent sits at $2,652 per month, with an average rate of $3.42 per square foot across an average suite size of 820 square feet. World on Yonge - I positions itself competitively within this baseline by offering solid mid-2010s construction scale and highly efficient floor plans. While newer builds like The Vanguard command higher overall monthly rents due to post-2020 finishes, World on Yonge - I provides a balanced value proposition, trading near localized per-square-foot parity with its immediate twin towers while outperforming older properties in structural modernization and comprehensive resident facilities.

7165 Yonge St, Markham

Avg Asking$2,628/mo
Avg $/SF$3.86
Rent Spread:
+$358/mo (+15.7%) Higher

7167 Yonge St, Markham

Avg Asking$2,558/mo
Avg $/SF$3.68
Rent Spread:
+$288/mo (+12.7%) Higher

1 Grandview Ave, Markham

Avg Asking$2,957/mo
Avg $/SF$3.86
Rent Spread:
+$687/mo (+30.3%) Higher

7250 Yonge St, Vaughan

Avg Asking$3,400/mo
Avg $/SF$3.09
Rent Spread:
+$1,130/mo (+49.8%) Higher

7300 Yonge St, Vaughan

Avg Asking$3,619/mo
Avg $/SF$3.09
Rent Spread:
+$1,349/mo (+59.4%) Higher

1 Clark Ave W, Vaughan

Avg Asking$3,433/mo
Avg $/SF$3.73
Rent Spread:
+$1,163/mo (+51.2%) Higher

Comparable Analysis & Questions

How do rental rates at World on Yonge - I compare to neighbouring buildings within Markham West?

World on Yonge - I achieves an average lease rent of $2,480 per month, comparing reasonably against the overall competitive average of $2,652 per month across key benchmarks such as Parkside Towers and The Vanguard. Parkside Towers at World on Yonge (B1) (7165 Yonge St) reports an average lease rent of $2,536 per month at $3.94 per square foot across an average of 668 square feet. Parkside Towers at World on Yonge (B2) (7167 Yonge St) records an average lease rent of $2,594 per month at $3.63 per square foot across 722 square feet. The Vanguard (1 Grandview Ave) commands an average lease rent of $2,877 per month at $3.75 per square foot across 788 square feet. Crystal Palace Condo (7451 Yonge Street) registers an average lease rent of $2,600 per month at $2.36 per square foot across a much larger 1,100 square foot footprint.

Does World on Yonge - I offer a competitive price-per-square-foot ($/SF) against local comparables?

World on Yonge - I delivers a compelling value proposition, averaging $3.63 per square foot across an average suite size of 695 square feet to stand below the broader submarket average asking rate of $3.61 per square foot. When evaluated against Parkside Towers at World on Yonge (B1), the subject building offers a lower rate per square foot alongside larger 695 square foot layouts compared to the comp's 668 square feet. Renters at World on Yonge - I weigh trade-offs between modern building efficiency and floor plan scale, securing competitive per-square-foot pricing relative to 2015-era peers like Parkside Towers (B2) at $3.63 per square foot and newer options like The Vanguard at $3.75 per square foot. This dynamic allows incoming tenants to capture modern vertical community living without paying the severe premiums associated with post-2020 builds or sacrificing layout functionality found in older 1984 stock like Crystal Palace Condo at $2.36 per square foot.

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

World on Yonge - I provides an extensive, resort-style lifestyle and amenity profile that matches or exceeds the offerings of its immediate Yonge Street peers. The building features signature amenities including an indoor pool, a golf simulator, a hot tub and jacuzzi, a dedicated yoga studio, and a rooftop terrace, outmatching older area alternatives and competing directly with modern builds. For instance, while Crystal Palace Condo (7451 Yonge Street) limits its offerings to a gym, sauna, and party room, and Parkside Towers shares similar multi-tower recreational assets, World on Yonge - I delivers a comprehensive wellness package complete with a sauna and steam room, games and billiards room, and media and theatre room. This robust amenity infrastructure ideally serves professionals and couples seeking urban convenience paired with active, all-inclusive recreational facilities.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around World on Yonge - I.

Building Amenities

  • BBQ Area
  • Concierge & Security
  • Games & Billiards Room
  • Garden & Courtyard
  • Golf Simulator
  • Gym & Fitness Centre
  • Hot Tub & Jacuzzi
  • Indoor Pool
  • Media & Theatre Room
  • Meeting Room
  • Party & Lounge Room
  • Rooftop Terrace
  • Sauna & Steam Room
  • Yoga Studio

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for World on Yonge - 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.