Market Data as of August 31, 2026
Park Vista — Rental Market Data
Last Lease
3-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Park Vista at 8 Silverbell Grv in Scarborough East is a 96-suite residential building completed in 1990 by Silverbell Properties, and as of August 31, 2026, the tower is fully occupied with zero units currently listed for rent. The building's availability rate sits at 0 percent, and recent leasing activity shows one closed lease in the trailing 30 days at an average of $3,200 per month with a 42-day time on market, alongside two additional leases in the 90-day window averaging $2,900 per month and a 23-day DOM. Across all three tracked transactions, the building has realized an average rent of $2,967 per month at $2.40 per square foot on suites averaging 1,233 square feet, with a lifetime average DOM of 20 days.
With no active listings to benchmark, pricing intelligence draws on realized lease data. Park Vista's all-time average rate of $2.40 per square foot sits 29.5 percent below the Scarborough East submarket lease benchmark of $3.42 per square foot, reflecting the building's larger-than-average suite footprints relative to the submarket's implied 774-square-foot asking unit. The submarket's average asking rent stands at $2,406 per month at $3.11 per square foot, meaning Park Vista's realized rents exceed the submarket asking level in nominal terms while trading at a meaningful per-square-foot discount due to the building's spacious layout profile. Renter pricing context should therefore be anchored to the $2,900 to $3,200 per month range observed in recent closed leases rather than any active asking spread.
Marketing friction at Park Vista is effectively absent on the delisting side, with zero terminated, expired, or suspended listings recorded. However, the 30-day closed lease DOM of 42 days exceeds the submarket average of 33 days, indicating a modest leasing deceleration on the single recent transaction rather than broad-based stagnation. Negotiation dynamics across all tracked leases skew landlord-favorable, with landlords achieving an average premium of $50 per month, or 2.14 percent above initial asking, translating to roughly $600 in additional annual revenue per unit. Prospective renters should monitor the broader Scarborough East submarket, which currently carries 34 active listings, for comparable inventory until Park Vista releases a unit.
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Last Realized Lease
Transaction metrics for the most recently leased suite
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 Park Vista (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Park Vista last month, and how fast did they rent?
Park Vista at 8 Silverbell Grv recorded a 42-day DOM on its single 30-day lease closing, compared to a 23-day average over the trailing 90 days and a 33-day submarket benchmark. The building logged one closed lease in the past 30 days, two in the past 90 days, and three over the full trailing year, indicating leasing turnover remains slow but steady rather than accelerating. With zero active listings on the market as of August 31, 2026, Park Vista is effectively fully occupied, and the 20-day lifetime average DOM underscores that when units do hit the market, they clear well ahead of the Scarborough East norm.
What is the negotiation spread between asking rents and closed lease prices at Park Vista?
Park Vista tenants paid an average premium of $50 per month (2.14% above asking) across its three tracked leases, translating to $600 per year in additional landlord revenue. This landlord-favorable outcome means every recorded transaction settled at or above the listed asking price, with no concessions granted. The 100% close-at-or-above-asking rate signals strong tenant demand relative to the building's positioning in Scarborough East, giving Silverbell Properties meaningful pricing leverage on future renewals and new leases.
What are typical executed lease prices across different layouts at Park Vista?
The 3-Bedroom+ layout dominates Park Vista's lease volume with two closed deals averaging $3,150 per month and a 28-day DOM, while the 2-Bedroom + Den tier recorded one individual single transaction at $2,600 per month with a 4-day DOM. The 3-Bedroom+ tier (small sample of two leases) shows a median of $3,150, a P25–P75 range of $3,125 to $3,175, an average suite size of 1,300 square feet, a rate of $2.42 per square foot, and a 28-day average DOM. The 2-Bedroom + Den entry represents an individual single deal rather than a broad statistical benchmark, clocking in at 1,100 square feet, $2.36 per square foot, and a remarkably fast 4-day absorption.
What measurable rent premium did suites with parking achieve in closed leases at Park Vista?
Park Vista's leased parking premium is inconclusive due to insufficient paired data linking specific suites to assigned parking assignments. No verified parking fee can be isolated from the three tracked leases, and the active-listing parking data is flagged as unreliable due to anomalous outliers. Tenants should confirm whether a parking spot is included in the quoted rent or billed separately, as the platform cannot currently validate a consistent monthly parking charge for this building.
How does the lease-to-listing ratio at Park Vista reflect current tenant demand?
Park Vista's tracked lease timeline from May through August 2026 shows a volatile but ultimately upward rent trajectory, with the August closing at $3,200 per month representing the peak of the period. In May, one lease closed at $3,100 per month ($2.38 per square foot) after 13 days on market. July brought a single deal at $2,600 per month ($2.36 per square foot) that absorbed in just 4 days, reflecting a compact 1,100-square-foot suite rather than any property devaluation. August's lone closing hit $3,200 per month ($2.46 per square foot) but required 42 days to lease, the longest DOM in the series and a clear signal of tenant pushback on price at that level.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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) |
|---|---|---|---|---|---|
| 2026-04-27 | 1 | 1000 | 1000 | 1.00 | 126 |
| 2026-04-28 | 1 | 1000 | 1000 | 1.00 | 127 |
| 2026-04-29 | 1 | 1000 | 1000 | 1.00 | 128 |
| 2026-05-08 | 1 | 3000 | 1300 | 2.31 | N/A |
| 2026-05-09 | 1 | 3000 | 1300 | 2.31 | 1 |
| 2026-05-10 | 1 | 3000 | 1300 | 2.31 | 2 |
| 2026-05-11 | 1 | 3000 | 1300 | 2.31 | 3 |
| 2026-05-12 | 1 | 3000 | 1300 | 2.31 | 4 |
| 2026-05-13 | 1 | 3000 | 1300 | 2.31 | 5 |
| 2026-05-14 | 1 | 3000 | 1300 | 2.31 | 6 |
| 2026-05-15 | 1 | 3000 | 1300 | 2.31 | 7 |
| 2026-05-16 | 1 | 3000 | 1300 | 2.31 | 8 |
| 2026-05-17 | 1 | 3000 | 1300 | 2.31 | 9 |
| 2026-05-18 | 1 | 3000 | 1300 | 2.31 | 10 |
| 2026-05-19 | 1 | 3000 | 1300 | 2.31 | 11 |
| 2026-05-20 | 1 | 3000 | 1300 | 2.31 | 12 |
| 2026-07-08 | 1 | 3300 | 1300 | 2.54 | N/A |
| 2026-07-09 | 1 | 3300 | 1300 | 2.54 | 1 |
| 2026-07-10 | 1 | 3300 | 1300 | 2.54 | 2 |
| 2026-07-11 | 1 | 3300 | 1300 | 2.54 | 3 |
| 2026-07-12 | 1 | 3300 | 1300 | 2.54 | 4 |
| 2026-07-13 | 2 | 2875 | 1200 | 2.38 | 3 |
| 2026-07-14 | 2 | 2875 | 1200 | 2.38 | 4 |
| 2026-07-15 | 2 | 2875 | 1200 | 2.38 | 5 |
| 2026-07-16 | 2 | 2875 | 1200 | 2.38 | 6 |
| 2026-07-17 | 1 | 3300 | 1300 | 2.54 | 9 |
| 2026-07-18 | 1 | 3300 | 1300 | 2.54 | 10 |
| 2026-07-19 | 1 | 3300 | 1300 | 2.54 | 11 |
| 2026-07-20 | 1 | 3300 | 1300 | 2.54 | 12 |
| 2026-07-21 | 1 | 3300 | 1300 | 2.54 | 13 |
| 2026-07-22 | 1 | 3300 | 1300 | 2.54 | 14 |
| 2026-07-23 | 1 | 3300 | 1300 | 2.54 | 15 |
| 2026-07-24 | 1 | 3300 | 1300 | 2.54 | 16 |
| 2026-07-25 | 1 | 3300 | 1300 | 2.54 | 17 |
| 2026-07-26 | 1 | 3300 | 1300 | 2.54 | 18 |
| 2026-07-27 | 1 | 3300 | 1300 | 2.54 | 19 |
| 2026-07-28 | 1 | 3300 | 1300 | 2.54 | 20 |
| 2026-07-29 | 1 | 3300 | 1300 | 2.54 | 21 |
| 2026-07-30 | 1 | 3300 | 1300 | 2.54 | 22 |
| 2026-07-31 | 1 | 3300 | 1300 | 2.54 | 23 |
| 2026-08-01 | 1 | 3300 | 1300 | 2.54 | 24 |
| 2026-08-02 | 1 | 3300 | 1300 | 2.54 | 25 |
| 2026-08-03 | 1 | 3300 | 1300 | 2.54 | 26 |
| 2026-08-04 | 1 | 3300 | 1300 | 2.54 | 27 |
| 2026-08-05 | 1 | 3300 | 1300 | 2.54 | 28 |
| 2026-08-06 | 1 | 3300 | 1300 | 2.54 | 29 |
| 2026-08-07 | 1 | 3300 | 1300 | 2.54 | 30 |
| 2026-08-08 | 1 | 3300 | 1300 | 2.54 | 31 |
| 2026-08-09 | 1 | 3300 | 1300 | 2.54 | 32 |
| 2026-08-10 | 1 | 3300 | 1300 | 2.54 | 33 |
| 2026-08-11 | 1 | 3300 | 1300 | 2.54 | 34 |
| 2026-08-12 | 1 | 3300 | 1300 | 2.54 | 35 |
| 2026-08-13 | 1 | 3300 | 1300 | 2.54 | 36 |
| 2026-08-14 | 1 | 3300 | 1300 | 2.54 | 37 |
| 2026-08-15 | 1 | 3300 | 1300 | 2.54 | 38 |
| 2026-08-16 | 1 | 3300 | 1300 | 2.54 | 39 |
| 2026-08-17 | 1 | 3300 | 1300 | 2.54 | 40 |
| 2026-08-18 | 1 | 3300 | 1300 | 2.54 | 41 |
12-Month Market Dynamics & Trend Trajectory
Park Vista's average realized rent of $2,967 per month sits $638 above the Scarborough East submarket average of $2,329, a 27.4% premium that reflects the building's larger suite footprints averaging 1,233 square feet. On a rate-per-square-foot basis, however, Park Vista trades at $2.40 per square foot versus the submarket's $3.42 per square foot, a 29.5% discount that confirms tenants are paying a size premium rather than a density premium. The building's 20-day average DOM also undercuts the 33-day submarket benchmark, indicating faster absorption despite the higher absolute rent. Pricing discipline at Park Vista leans firmly in the landlord's favor. All three tracked leases closed at or above asking, with an average premium of $50 per month (2.14%) generating $600 per year in incremental revenue for Silverbell Properties. No tenant negotiated a discount below the listed price, and the 100% close-at-or-above-asking rate signals that asking rents at this building are calibrated to market-clearing levels without requiring concessions.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-17 | 1 | 3100 | 1300 | 2.38 | 13 |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 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 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-28 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-05 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-12 | 1 | 2600 | 1100 | 2.36 | 4 |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 1 | 3200 | 1300 | 2.46 | 42 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Park Vista at 8 Silverbell Grve sits in a tight Scarborough East cluster of four nearby buildings spanning 1984 to 1991. Three of the four comparables recorded active lease volume over the trailing 180 days: 15 Sewells Rd (15 Sewells Road, 0.21 km, completed 1989) closed one lease; Carriage House II (99 Blackwell Avenue, 0.29 km, completed 1984) closed two; and Mayfair on the Green II (410 McLevin Ave, 0.65 km, completed 1991) closed three. Carriage House at 10 Tapscott Road (0.23 km, completed 1984) recorded zero closed leases in the same window and functions purely as an architectural and amenity reference rather than a live pricing benchmark. The active peer set clusters around the mid-1980s to early-1990s construction era, placing Park Vista's 1990 build squarely within the same structural generation while its 96-suite scale distinguishes it from the smaller-footprint neighbours. The overall comp benchmark across all four buildings averages $2,319 per month in realized rent, $2.57 per square foot, and 913 square feet of interior space. Park Vista's trailing-12-month realized average of $2,967 per month and 1,233 square feet positions it well above the pocket on both nominal rent and total footprint, yet its $2.40 per square foot rate sits below the comp average of $2.57 per square foot. The building's value proposition in this immediate submarket is therefore one of premium space: renters pay a higher monthly figure but receive materially more interior area at a lower per-square-foot cost than any active competitor within 700 metres.
Comparable Analysis & Questions
How do rental rates at Park Vista compare to neighbouring buildings within Scarborough East?
Park Vista's trailing-12-month average realized rent of $2,967 per month exceeds the overall comp benchmark of $2,319 per month by $648, a gap driven primarily by the building's significantly larger suite footprints rather than a per-square-foot premium. Among active competitors, 15 Sewells Rd (15 Sewells Road, 0.21 km, one closed lease) averaged $2,075 per month at $2.77 per square foot across 750 square feet; Carriage House II (99 Blackwell Avenue, 0.29 km, two closed leases) averaged $2,300 per month at $2.46 per square foot across 938 square feet; and Mayfair on the Green II (410 McLevin Ave, 0.65 km, three closed leases) averaged $2,583 per month at $2.47 per square foot across 1,050 square feet. Carriage House (10 Tapscott Road, 0.23 km) recorded zero closed leases over the trailing 180 days and therefore offers no realized rent benchmark for direct comparison.
Does Park Vista offer a competitive price-per-square-foot ($/SF) against local comparables?
Park Vista trades at a discount below every active nearby competitor on a per-square-foot basis while providing substantially more interior square feet, making its higher nominal monthly rent a function of suite size rather than asset valuation. Against 15 Sewells Rd, the subject offers a $0.37 per square foot (13.4%) discount and 483 more interior square feet, yet still commands $892 more per month in realized rent; against Carriage House II, the subject trades at a $0.06 per square foot (2.4%) discount with 295 additional square feet and a $667 higher monthly figure; and against Mayfair on the Green II, the subject carries a $0.07 per square foot (2.8%) discount, 183 more square feet, and a $384 higher monthly rent. In each case the nominal rent variance is explained by the larger interior footprint: a renter at Park Vista pays more in total dollars but less per unit of space than at any active peer within 700 metres.
How do building age, amenities, and developer reputation impact rent spreads?
Park Vista offers a mid-tier lifestyle package anchored by a yoga studio, BBQ area, sauna and steam room, gym, party lounge, meeting room, and concierge security—features that differentiate it from the most amenity-heavy peers in the cluster while lacking the aquatic and racquetball facilities found at three of the four comparables. Specifically, Carriage House (zero recent leases), Carriage House II, and Mayfair on the Green II each provide an indoor pool and squash or racquetball court, none of which Park Vista offers; 15 Sewells Rd adds a games and billiards room absent from the subject; and Mayfair on the Green II includes a rooftop terrace and tennis/pickleball court that Park Vista does not match. Conversely, Park Vista's dedicated yoga studio and outdoor BBQ area are not listed at 15 Sewells Rd or Carriage House II, giving it a distinct wellness-and-social-outdoor angle. The building's amenity mix best serves cost-conscious professionals and small families who prioritize a private yoga space, outdoor grilling, and a full-service gym over resort-style pools and racquetball courts, positioning Park Vista as the practical, space-forward option in a pocket where larger-footprint competitors demand premium aquatic facilities.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Park Vista.
Building Amenities
- Concierge & Security
- Sauna & Steam Room
- Gym & Fitness Centre
- Party & Lounge Room
- Meeting Room
- Yoga Studio
- BBQ Area
Residential Buildings in the Vicinity
- 15 Sewells Rd214 m
- Carriage House228 m
- Carriage House II286 m
- Mayfair on the Green II651 m
- Mayfair on the Green I692 m
- Presto Towns735 m
- Mayfair on the Green IV779 m
- Mayfair on the Green III835 m
- 100 Wingarden Court Condominium1.0 km
- Regency Court1.5 km
- First Home Markham Sheppard - Building B2.0 km
- First Home Markham Sheppard - Building A2.0 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Park Vista.
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.