Transit City 5 (TC5) — Rental Market Data

Transit City 5 (TC5) features 8 active listings as of August 31, 2026, spanning a price range of $1,900 to $2,650 per month, with an average asking rent of $2,286 per month and a median asking rent of $2,195 per month. Active suites average 719 square feet with an asking rate of $3.26 per square foot. Two-bedroom configurations dominate the available inventory, accounting for 62.5 percent of active listings and shaping a market posture focused toward multi-occupant households.

The 2-Bedroom layout tier dominates active availability at Transit City 5 (TC5), accounting for 5 units and a 62.5 percent inventory share with an average asking rent of $2,367 per month across 780 square feet at $3.11 per square foot. The 1-Bedroom tier provides 2 available suites representing 25 percent of inventory, asking an average of $2,000 per month across 600 square feet at $3.37 per square foot. A single 1-Bedroom plus Den suite makes up the remaining 12.5 percent of active inventory, asking $2,450 per month across 650 square feet at $3.77 per square foot.

Transit City 5 (TC5) displays a minimum entry rent of $1,900 per month and a peak asking rent of $2,650 per month, creating a dollar spread of $750 and a percentage spread of 39.5 percent. The median asking rent rests at $2,195 per month. The entry-level option consists of a 1-Bedroom suite offering 650 square feet at an asking rate of $2.92 per square foot, whereas the peak tier is anchored by a 2-Bedroom suite spanning 650 square feet at an asking rate of $4.08 per square foot.

Transit City 5 (TC5) commands an active den premium of $450 per month for an additional 50 square feet of interior space. This extra square footage equates to a marginal cost of $9 per square foot for the den area. Active parking premium data cannot be reliably isolated due to insufficient paired samples or anomalous outliers.

Transit City 5 (TC5) asks an average rent of $2,286 per month at $3.26 per square foot, comparing against the broader Vaughan Metropolitan Centre submarket asking average of $2,315 per month at $3.73 per square foot. The building's lower nominal monthly rent relative to the submarket is driven by more compact suite sizing rather than cheaper unit pricing. The building asking rate per square foot sits 12.6 percent below the submarket benchmark, representing 6.96 percent of total submarket active inventory.

Transit City 5 (TC5) achieves an average lease rent of $2,309 per month, aligning closely with the overall competitive average of $2,270 per month established across nearby benchmarks like The Met, Transit City 4 (TC4), and Transit City East. The Met (7895 Jane St) reports an average lease rent of $2,400 per month at $3.82 per square foot across an average footprint of 634 square feet. Transit City 4 (TC4) (1000 Portage Pkwy) commands an average lease rent of $2,184 per month at $3.93 per square foot across 565 square feet. Finally, Transit City East (950 Portage Pkwy) records an average lease rent of $2,226 per month at $3.46 per square foot across an average of 644 square feet.

Transit City 5 (TC5) defines its value proposition by delivering a realized lease rate of $3.74 per square foot across an average suite size of 622 square feet, positioning it competitively against older and denser high-rise alternatives in the Vaughan Metropolitan Centre. Renters evaluating Transit City 5 (TC5) against Transit City East trade a minor premium of $0.28 per square foot in exchange for a slightly more compact, highly efficient modern layout averaging 622 square feet compared to 644 square feet. Conversely, renters comparing the subject building to The Met benefit from a lower rate of $3.74 per square foot versus $3.82 per square foot at The Met, while enjoying newer 2023 construction finishes and modern building efficiencies without sacrificing everyday livability.

Transit City 5 (TC5) provides an extensive, resort-style amenity ecosystem that easily matches or exceeds the lifestyle offerings found across competing master-planned towers in the Vaughan Metropolitan Centre. Standout signature features at Transit City 5 (TC5) include an indoor pool, an outdoor pool, a dedicated golf simulator, an indoor running track, and a full basketball court, significantly outpacing the fitness packages found at Transit City East, which relies on a standard gym, yoga studio, and golf simulator. While The Met offers a shared laundry room, hot tub, and convenience store, and Transit City 4 (TC4) features a Tesla car-share and the onsite Buca Restaurant and Bar, Transit City 5 (TC5) delivers a more comprehensive wellness and recreation package including a squash court, sauna and steam room, and co-working spaces. This robust amenity suite makes Transit City 5 (TC5) particularly attractive to fitness-focused professionals, hybrid workers, and lifestyle-driven tenants seeking an active community standard.