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Market Data as of August 31, 2026

The Thornhill - Towers 1 & 2 — Rental Market Data

7950 Bathurst St, Vaughan, Ontario L4J 0L4
Quick Rent Estimate
Active Suites7 Available
Type
Units
Avg Rent
1-Bedroom
4
$2,286
2-Bedroom
3
$2,817

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2024
Total Suites521
DeveloperDaniels Corporation & Baif Associates

The Thornhill - Towers 1 & 2 brings 521 modern residential suites to 7950 Bathurst St in Vaughan's Thornhill neighborhood, developed by Daniels Corporation & Baif Associates and completed in 2024. Active inventory consists of 7 available suites reflecting a tight availability rate of 1.3%, backed by a recent leasing pace of 6 transactions over the past 30 days averaging 42 days on the market and 19 transactions over the past 90 days averaging 36 days on the market.

Current active listings ask an average rent of $2,514 per month at $3.90 per square foot across an average size of 705 square feet, compared to realized 90-day leases averaging $2,444 per month at $4.14 per square foot across an average size of 603 square feet. Current listings skew toward larger floor plans than historical leases, while the building's active asking rate per square foot tracks 6.6% above the wider Thornhill submarket asking benchmark of $3.66 per square foot.

Marketing friction is evident in unrented units that languished on the market for an average of 67 days before being pulled, asking $2,725 per month, which represents overpricing relative to realized lease averages of $2,546 per month. Tenants currently hold negotiating leverage, securing an average discount of $48 per month, or 1.87% below asking, with 50.0% of leases closing under asking. Prospective renters will find 1-bedroom apartments offering the deepest selection with 4 active listings, while 2-bedroom layouts offer more limited availability with 3 active suites.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at The Thornhill - Towers 1 & 2 as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units7
-1 (12.5%)
Avg Asking Rent$2,514
-$109 (4.2%)
Avg Suite Size705 sf
+38 sf (5.7%)
Avg Days on Market14d
-18d (55.9%)
Avg Asking $/SF$3.90
-$0.28 (6.6%)

Active Market Insights & Questions

How has rental availability changed at The Thornhill - Towers 1 & 2 recently?

The Thornhill - Towers 1 & 2 features 7 active listings as of August 31, 2026, spanning a price range of $2,150 to $2,900 per month, an average asking rent of $2,514 per month, and a median asking rent of $2,450 per month. Active inventory averages 705 square feet with an asking rate of $3.90 per square foot. The inventory is anchored by 1-bedroom apartments holding a 57.1% share, indicating that current availability leans toward more compact entry-level footprints rather than sprawling multi-bedroom layouts.

What floor plans and unit layouts are currently available at The Thornhill - Towers 1 & 2?

1-Bedroom layouts dominate current availability at The Thornhill - Towers 1 & 2 with 4 active listings, capturing a 57.1% inventory share. These 1-bedroom units average $2,286 per month across an average size of 525 square feet at $4.56 per square foot. Meanwhile, 2-bedroom suites comprise 3 active listings representing a 42.9% share, averaging $2,817 per month across an average size of 944 square feet at $3.01 per square foot.

What is the average asking rent and $/SF by suite size at The Thornhill - Towers 1 & 2?

The Thornhill - Towers 1 & 2 posts asking rents ranging from a minimum entry rent of $2,150 per month to a peak asking rent of $2,900 per month, creating a dollar spread of $750 per month and a percentage spread of 34.9%. Median asking rent sits at $2,450 per month. The entry-level option consists of a 1-bedroom suite sized at 400 square feet asking $5.38 per square foot, while the peak option comprises a 2-bedroom layout sized at 896 square feet asking $3.24 per square foot.

How much extra do parking spaces and dens cost at The Thornhill - Towers 1 & 2?

Active den premium data for The Thornhill - Towers 1 & 2 cannot be isolated because active den square footage deltas and marginal price differences are currently null. Furthermore, active parking premium data is currently unavailable due to an unreliable outlier or insufficient sample, meaning parking stall costs cannot be reliably isolated from current listings.

How do asking rents at The Thornhill - Towers 1 & 2 compare to local and municipal benchmarks?

The Thornhill - Towers 1 & 2 asks an average rent of $2,514 per month at $3.90 per square foot, which compares to the broader Thornhill submarket asking benchmark of $2,726 per month at $3.66 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 6.6% above the submarket asking benchmark while accounting for 7 of the submarket's 63 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 The Thornhill - Towers 1 & 2 (Data period: For the month of August 2026).

Units Leased6
Avg Leased Price$2,546
Avg Leased Size603 sf
Avg Days to Lease42d
Leased $/SF$4.28

Leased Transaction Insights & Questions

How many suites were leased at The Thornhill - Towers 1 & 2 last month, and how fast did they rent?

At The Thornhill - Towers 1 & 2, the 30-day days on market averaged 42 days, the 90-day days on market averaged 36 days, and the submarket benchmark days on market sat at 27 days. Leasing velocity recorded 6 closed leases over the trailing 30 days, 19 closed leases over the trailing 90 days, and 30 total closed leases over the lifetime tracking period, showing that leasing turnover moderated slightly through the summer marketing cycle.

What is the negotiation spread between asking rents and closed lease prices at The Thornhill - Towers 1 & 2?

At The Thornhill - Towers 1 & 2, tenants secured an average discount of $48 per month, representing a 1.87% reduction from initial asking prices and generating annual tenant savings of $576 per year. Exactly 50.0% of leases closed under asking price, reflecting clear tenant pricing leverage and active landlord concessions during lease finalization.

What are typical executed lease prices across different layouts at The Thornhill - Towers 1 & 2?

The Thornhill - Towers 1 & 2 recorded its highest leasing volume in the 1-Bedroom and 2-Bedroom anchor formats, with 1-Bedroom suites averaging $2,213 per month across 36 days on market and 2-Bedroom suites averaging $2,744 per month across 35 days on market. For the 1-Bedroom tier, 16 closed leases produced an average rent of $2,213 per month, a median of $2,200 per month, a P25-P75 range of $2,194 to $2,250 per month, an average size of 515 square feet, a rate of $4.36 per square foot, and 36 days on market, operating as a statistically robust benchmark. For the 2-Bedroom tier, 8 closed leases yielded an average rent of $2,744 per month, a median of $2,750 per month, a P25-P75 range of $2,700 to $2,800 per month, an average size of 762 square feet, a rate of $3.61 per square foot, and 35 days on market, serving as a moderate sample. For the 1-Bedroom + Den tier, 5 closed leases averaged $2,410 per month with a median of $2,450 per month, a P25-P75 range of $2,350 to $2,450 per month, an average size of 559 square feet, a rate of $4.31 per square foot, and 41 days on market, representing a moderate sample. For the 2-Bedroom + Den tier, 1 closed lease recorded an average rent of $2,980 per month with a median of $2,980 per month, a P25-P75 range of $2,980 to $2,980 per month, an average size of 950 square feet, a rate of $3.14 per square foot, and 10 days on market, representing an individual single transaction rather than a broad statistical benchmark (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 The Thornhill - Towers 1 & 2?

At The Thornhill - Towers 1 & 2, paired parking data was insufficient to isolate a distinct monthly parking premium. Suite bundling patterns indicate that parking was largely included or unbundled without separate line-item values in the recorded lease agreements. Active asking parking data similarly lacked sufficient paired samples to reliably quote separate monthly fees.

How does the lease-to-listing ratio at The Thornhill - Towers 1 & 2 reflect current tenant demand?

At The Thornhill - Towers 1 & 2, average monthly rents moved upward from spring through late summer alongside shifting inventory. In April 2026, 1 deal closed at an average rent of $2,450 per month, $4.45 per square foot, and 97 days on market. In May 2026, 9 deals closed at an average rent of $2,311 per month, $4.07 per square foot, and 29 days on market. In June 2026, 7 deals closed at an average rent of $2,407 per month, $3.96 per square foot, and 30 days on market. In July 2026, 7 deals closed at an average rent of $2,431 per month, $4.13 per square foot, and 36 days on market. In August 2026, 6 deals closed at an average rent of $2,546 per month, $4.28 per square foot, and 42 days on market.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at The Thornhill - Towers 1 & 2 (Data period: For the month of August 2026).

Delisted Units2
Avg Asking Price$2,725
Avg Suite Size703 sf
Avg Days on Market67d
Delisted $/SF$3.94

De-Listed Market Analysis & Questions

How many listings de-listed at The Thornhill - Towers 1 & 2, and what was their re-listing price compared to previous asking?

At The Thornhill - Towers 1 & 2, a total of 2 units were delisted, representing a delisted-to-leased ratio percentage of 33.3%, composed of 1 terminated listing, 1 expired listing, and 0 suspended listings. This indicates that approximately 1 listing was pulled for every 3 successful leases executed in the building.

How do asking prices on de-listed suites compare to executed leases and active listings at The Thornhill - Towers 1 & 2?

At The Thornhill - Towers 1 & 2, unrented units asked an average of $2,725 per month, which represented a nominal dollar spread of $179 per month above realized lease averages of $2,546 per month. These unrented listings were overpriced relative to active market clearing thresholds, resulting in withdrawal before securing tenants.

What market friction causes rental listings to stall or de-list at The Thornhill - Towers 1 & 2?

At The Thornhill - Towers 1 & 2, delisted units averaged 67 days on market compared to 36 days for realized leases, creating an excess marketing duration of 25 days. Translating this excess marketing duration into economic terms, landlords absorbed nearly a full month of vacancy carry and unrecovered condo maintenance fees due to pricing resistance.

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)
2026-04-271424326173.9822
2026-04-281424326173.9823
2026-04-291524206133.9922
2026-04-301524206133.9923
2026-05-011524206133.9924
2026-05-021524206133.9925
2026-05-031624436223.9724
2026-05-041724696293.9624
2026-05-051724786204.0822
2026-05-061724786204.0823
2026-05-071724786204.0824
2026-05-081624996284.0625
2026-05-091624996284.0626
2026-05-101624996284.0627
2026-05-111624996284.0628
2026-05-121724936254.0727
2026-05-131724936254.0728
2026-05-141625086294.0730
2026-05-151525626384.1326
2026-05-161425456234.1928
2026-05-171325416214.2125
2026-05-181325416214.2126
2026-05-191225786394.1229
2026-05-201225786394.1230
2026-05-211225786394.1231
2026-05-221225786394.1232
2026-05-231125576294.1632
2026-05-241125576294.1633
2026-05-251125576294.1634
2026-05-261125576294.1635
2026-05-271125576294.1636
2026-05-281125536304.1529
2026-05-291125536304.1530
2026-05-301225236234.1428
2026-05-311325106174.1527
2026-06-011224886064.1828
2026-06-021224886064.1829
2026-06-031224886064.1830
2026-06-041224886064.1831
2026-06-051224886064.1832
2026-06-061224886064.1833
2026-06-071224886064.1834
2026-06-081124956104.1835
2026-06-091124956104.1836
2026-06-101224716054.1734
2026-06-111224716054.1735
2026-06-121124325914.1936
2026-06-131124325914.1937
2026-06-141124325914.1938
2026-06-151124325914.1939
2026-06-161124325914.1940
2026-06-171224215884.1938
2026-06-181324235874.2036
2026-06-191223965734.2438
2026-06-201223965734.2439
2026-06-211223965734.2440
2026-06-221124145754.2743
2026-06-231124145754.2744
2026-06-241124145754.2745
2026-06-251124145754.2746
2026-06-261224005614.3843
2026-06-271224005614.3844
2026-06-281323925604.3641
2026-06-291323785584.3541
2026-06-301124015604.4041
2026-07-011124015604.4042
2026-07-02924145784.2546
2026-07-03924145784.2547
2026-07-04924145784.2548
2026-07-05924145784.2549
2026-07-06825036064.2249
2026-07-07825036064.2250
2026-07-08825036064.2251
2026-07-09925566454.1046
2026-07-10825916564.1051
2026-07-11825916564.1052
2026-07-12825916564.1053
2026-07-13825916564.1054
2026-07-14825916564.1055
2026-07-15726546724.1339
2026-07-16726546724.1340
2026-07-17726546724.1341
2026-07-18726546724.1342
2026-07-19626006254.2948
2026-07-20726076144.3742
2026-07-21726076144.3743
2026-07-22626256254.3435
2026-07-23726576914.0931
2026-07-24726576914.0932
2026-07-25827137114.0429
2026-07-26827137114.0430
2026-07-27826106674.1630
2026-07-28926376764.1228
2026-07-29826236674.1731
2026-07-30826236674.1732
2026-07-31826236674.1733
2026-08-01826236674.1734
2026-08-02826236674.1735
2026-08-03826236674.1736
2026-08-04826236674.1737
2026-08-05926766874.1234
2026-08-06926766874.1235
2026-08-07926766874.1236
2026-08-08926766874.1237
2026-08-09926766874.1238
2026-08-10826546804.1539
2026-08-11826486804.1434
2026-08-12826486804.1435
2026-08-13826486804.1436
2026-08-14727007064.0740
2026-08-15626756994.1145
2026-08-16525906684.2153
2026-08-17525906684.2154
2026-08-18724926274.2939
2026-08-19724926274.2940
2026-08-20724926274.2941
2026-08-21724926274.2942
2026-08-22624246074.3634
2026-08-23423866344.2813
2026-08-24524896874.0711
2026-08-25625247143.9210
2026-08-26625247143.9211
2026-08-27625247143.9212
2026-08-28725147053.9011
2026-08-29725147053.9012
2026-08-30725147053.9013
2026-08-31725147053.9014

12-Month Market Dynamics & Trend Trajectory

The Thornhill - Towers 1 & 2 has established a tracked leasing history of 30 total closed transactions, achieving an overall average rent of $2,413 per month at an average rate of $4.11 per square foot across an average suite size of 603 square feet. Tenant turnover remained steady with a lifetime average days on market of 36 days, reflecting consistent demand across the building's floor plans since registration. Pricing discipline favored tenants slightly as negotiations unfolded across the marketplace. Exactly 50.0% of lease transactions settled below asking price, yielding an average monthly tenant discount of $48 per month and annual tenant savings of $576 per year, confirming that prospective renters successfully negotiated minor concessions before executing contracts.

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
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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)
2026-05-03222005234.2237
2026-05-10523206103.8728
2026-05-17224005754.4226
2026-05-240N/AN/AN/AN/A
2026-05-31127007503.6029
2026-06-07123505724.1127
2026-06-14126507503.5322
2026-06-21122005504.0023
2026-06-28523085254.4734
2026-07-05222505504.0931
2026-07-120N/AN/AN/AN/A
2026-07-19225907503.5756
2026-07-26127507503.6714
2026-08-020N/AN/AN/AN/A
2026-08-09424945984.3529
2026-08-16128007503.7399
2026-08-23125005504.5534

Nearby Building Rental Comparables & Price Spreads

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

The competitive landscape surrounding The Thornhill - Towers 1 & 2 at 7950 Bathurst St features a well-defined mix of completions spanning nearly two decades. Direct nearby competitors include Boulevard at the Thornhill located 0.07 kilometers away (built in 2024 with 25 active listings), Legacy Park at Thornhill City Centre located 0.13 kilometers away (built in 2017 with 13 active listings), Vista at Thornhill City Centre located 0.26 kilometers away (built in 2008 with 6 active listings), and Beverley at Thornhill City Centre located 0.27 kilometers away (built in 2006 with 8 active listings). These properties illustrate a clear generational divide between newly constructed master-planned towers and mid-2000s developments. Across this four-building competitive set, the overall benchmarks sit at an average rent of $2,455 per month, a rate of $3.58 per square foot, and an average suite size of 603 square feet. As a modern 2024 completion built by Daniels Corporation & Baif Associates, The Thornhill - Towers 1 & 2 commands a premium rate per square foot by offering contemporary architectural layouts and state-of-the-art building systems that outweigh older, larger-format footprints found in the micro-market.

8 Beverley Glen Blvd, Vaughan

Avg Asking$2,476/mo
Avg $/SF$3.86
Rent Spread:
-$38/mo (-1.5%) Lower

7890-7900 Bathurst St, Vaughan

Avg Asking$2,509/mo
Avg $/SF$3.69
Rent Spread:
-$5/mo (-0.2%) Lower

7 North Park Rd, Vaughan

Avg Asking$2,551/mo
Avg $/SF$3.43
Rent Spread:
+$37/mo (+1.5%) Higher

15 North Park Rd, Vaughan

Avg Asking$2,286/mo
Avg $/SF$3.60
Rent Spread:
-$227/mo (-9.0%) Lower

20 North Park Rd, Vaughan

Avg Asking$2,360/mo
Avg $/SF$3.59
Rent Spread:
-$154/mo (-6.1%) Lower

30 North Park Rd, Vaughan

Avg Asking$2,469/mo
Avg $/SF$3.49
Rent Spread:
-$44/mo (-1.8%) Lower

Comparable Analysis & Questions

How do rental rates at The Thornhill - Towers 1 & 2 compare to neighbouring buildings within Thornhill?

The Thornhill - Towers 1 & 2 achieves an average lease rent of $2,413 per month, aligning closely with the overall competitive benchmark average of $2,455 per month across its primary competitor set. Individual building performance shows Boulevard at the Thornhill (8 Beverley Glen Blvd) averaging $2,450 per month at $3.83 per square foot across 656 square feet. Legacy Park at Thornhill City Centre (7890-7900 Bathurst St) registers an average of $2,402 per month at $3.64 per square foot across 665 square feet. Vista at Thornhill City Centre (7 North Park Rd) records an average of $2,612 per month at $3.32 per square foot across an expansive 803 square feet. Finally, Beverley at Thornhill City Centre (15 North Park Rd) posts an average of $2,356 per month at $3.52 per square foot across 674 square feet.

Does The Thornhill - Towers 1 & 2 offer a competitive price-per-square-foot ($/SF) against local comparables?

The Thornhill - Towers 1 & 2 establishes its value proposition through modern construction efficiency, trading at $4.11 per square foot across an average of 603 square feet compared to the submarket benchmark of $3.58 per square foot. Renters evaluate a distinct trade-off when selecting this 2024 development over older alternatives in the immediate area: while older peers like the 2008-built Vista at Thornhill City Centre offer larger average footprints of 803 square feet at a lower rate of $3.32 per square foot, they lack the optimized floor plans, modern energy efficiencies, and contemporary interior finishes of the subject building. Conversely, compact layouts at The Thornhill - Towers 1 & 2 reduce total monthly financial commitments while delivering superior build quality and contemporary styling.

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

Residents at The Thornhill - Towers 1 & 2 enjoy an extensive, modern lifestyle and amenity package that outpaces many surrounding buildings in the immediate micro-market. The property features signature amenities including an indoor kids' play room, an outdoor children's playground, a dedicated dog run, a pet wash station, and a full basketball court. When contrasted with nearby peers, Boulevard at the Thornhill offers a gym, basketball court, and rooftop terrace but lacks specialized pet infrastructure. Legacy Park at Thornhill City Centre provides a golf simulator, media room, and sauna facilities, while older towers like Vista and Beverley rely on traditional indoor pools and squash or tennis courts rather than modern co-working business centres and dedicated yoga studios. This comprehensive amenity ecosystem best serves young professionals, growing families, and pet owners seeking modern communal conveniences.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around The Thornhill - Towers 1 & 2.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Basketball Court
  • Party & Lounge Room
  • Meeting Room
  • Business Centre
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Children's Playground - Outdoor
  • Kids' Play Room - Indoor
  • Dog Run
  • Pet Wash Station

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for The Thornhill - Towers 1 & 2.

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.