Market Data as of August 31, 2026
The Fountains - 2H — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
The Fountains - 2H at 85 North Park Rd in Thornhill, Vaughan, is a 214-suite residential tower completed in 2014 by Liberty Development Corp. As of August 31, 2026, five units are actively listed, representing a 2.3 percent availability rate across the building. The recent leasing pace shows two closed leases in the trailing 30 days at an average 58 days on market, and five leases over the past 90 days averaging 48 days, with six total tracked transactions since registration.
Active asking rents average $2,540 per month at $3.63 per square foot across a 706-square-foot average suite, compared to realized 90-day lease rents of $2,510 per month at $3.68 per square foot. The current inventory footprint is more spacious than the historical lease average of 667 square feet, meaning the lower asking rate per square foot reflects genuinely larger suites rather than a pricing concession. Against the Thornhill submarket asking benchmark of $3.66 per square foot, The Fountains - 2H sits 0.8 percent below the broader market rate.
Marketing friction is moderate: active listings average 22 days on market, under the submarket benchmark of 27 days, yet the trailing 30-day closed-lease cohort required 58 days to lease, signaling some deceleration in recent transactions. Across all tracked leases, tenants secured an average discount of $71 per month, or 2.5 percent below asking, with 66.7 percent of deals closing under the initial list price. Inventory depth is thin: the one-bedroom-plus-den tier and two-bedroom tier each hold two units, while the standard one-bedroom offers a single listing, leaving renters with limited choice at every bedroom level.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at The Fountains - 2H as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at The Fountains - 2H recently?
The Fountains - 2H carries five active listings as of August 31, 2026, with asking rents spanning $2,200 to $2,950 per month, an average of $2,540 and a median of $2,400. The average active suite measures 706 square feet at an asking rate of $3.63 per square foot. Inventory splits evenly between one-bedroom-plus-den and two-bedroom layouts at 40 percent each, with a single standard one-bedroom rounding out the mix, so the current stock leans toward mid-size family and den configurations rather than compact entry-level units.
What floor plans and unit layouts are currently available at The Fountains - 2H?
The dominant active layout at The Fountains - 2H is the one-bedroom-plus-den, with two units representing 40 percent of available inventory at an average asking rent of $2,325 per month across 640 square feet and $3.64 per square foot. The two-bedroom tier mirrors that share with two listings averaging $2,925 per month over 850 square feet at $3.44 per square foot, while the standard one-bedroom accounts for the remaining 20 percent as a single listing at $2,200 per month, 550 square feet, and $4.00 per square foot.
What is the average asking rent and $/SF by suite size at The Fountains - 2H?
The Fountains - 2H offers active asking rents from a $2,200 entry point to a $2,950 peak, a $750 spread representing 34.1 percent of the entry price. The median asking rent sits at $2,400 per month. The entry-level suite is a 550-square-foot one-bedroom at $4.00 per square foot, while the peak listing is an 850-square-foot two-bedroom at $3.47 per square foot, meaning the top-tier unit trades a lower rate per square foot for substantially more living area.
How much extra do parking spaces and dens cost at The Fountains - 2H?
The Fountains - 2H carries a verified den premium of $125 per month for an additional 90 square feet of den space, equating to a marginal cost of $1.39 per square foot for the extra room. Active parking stall premiums cannot be reliably isolated from the current dataset due to insufficient paired samples, so renters should confirm individual parking arrangements directly with the leasing office.
How do asking rents at The Fountains - 2H compare to local and municipal benchmarks?
The Fountains - 2H asks an average of $2,540 per month at $3.63 per square foot, compared to the Thornhill submarket asking benchmark of $2,726 per month and $3.66 per square foot. The building's asking rate per square foot runs 0.8 percent below the submarket average, and the nominal rent gap of roughly $186 per month is explained by the subject's larger 706-square-foot average suite versus the submarket norm. The Fountains - 2H accounts for five out of 63 available listings in the Thornhill submarket, a 7.9 percent share of current inventory.
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 Fountains - 2H (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at The Fountains - 2H last month, and how fast did they rent?
The Fountains - 2H at 85 North Park Rd closed 2 leases in the trailing 30 days at an average DOM of 58, compared to a 90-day DOM of 48 and a Thornhill submarket benchmark of 27 days. Over the trailing 90 days, the building recorded 5 closed leases, and the full one-year window totals 6 transactions, indicating leasing activity has moderated rather than accelerated. The 30-day DOM of 58 exceeds the submarket average by 31 days, suggesting current absorption is running slower than the broader Thornhill market.
What is the negotiation spread between asking rents and closed lease prices at The Fountains - 2H?
The Fountains - 2H closed leases at an average discount of $71 per month (2.5% below asking), translating to $852 in annual tenant savings per unit. Across the six tracked leases, 66.7% settled below the listed asking price, confirming consistent tenant leverage and landlord concession in this micro-market. The net negotiation spread of -$71 per month reflects a tenant-favorable pricing environment where landlords absorbed a measurable reduction to close deals.
What are typical executed lease prices across different layouts at The Fountains - 2H?
The Fountains - 2H's highest-volume anchor layout is the 1-Bedroom, with 3 closed leases averaging $2,208 per month and a DOM of 33 days. This is a small sample (3 leases) and serves as a directional reference only. The 2-Bedroom tier recorded 2 closed leases at an average of $2,950 per month (median $2,950, P25–P75 range $2,925–$2,974), averaging 850 square feet at $3.47 per square foot with a DOM of 62 days. This is also a limited sample of 2 leases and should be treated as directional. The 1-Bedroom + Den tier represents an individual single transaction at $2,250 per month for 650 square feet ($3.46 per square foot) with a DOM of 75 days, and does not constitute a statistical benchmark.
What measurable rent premium did suites with parking achieve in closed leases at The Fountains - 2H?
The Fountains - 2H does not have a reliably isolable leased parking premium, as paired lease-and-parking data is insufficient to calculate a verified monthly figure. Active listings at the building also show unreliable or outlier parking pricing, preventing a clean comparison between realized and asking parking values. Tenants should treat any quoted parking add-on at this property as unverified until a larger paired sample confirms the true market rate.
How does the lease-to-listing ratio at The Fountains - 2H reflect current tenant demand?
The Fountains - 2H shows an upward nominal rent trajectory across its tracked monthly timeline, rising from $2,225 in May to $2,600 in August 2026. In May, one lease closed at $2,225 per month ($4.05 per square foot) with a DOM of 56 days. July saw three leases close at an average of $2,450 per month but a lower rate of $3.62 per square foot with a DOM of 42 days; the nominal increase over May reflects larger suite footprints rather than a per-square-foot rate hike. August recorded two leases at $2,600 per month ($3.76 per square foot) with a DOM of 58 days, indicating the highest nominal rent in the window but also the longest time-to-lease.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 2 | 2375 | 750 | 3.36 | 36 |
| 2026-04-28 | 3 | 2300 | 683 | 3.54 | 24 |
| 2026-04-29 | 3 | 2300 | 683 | 3.54 | 25 |
| 2026-04-30 | 3 | 2300 | 683 | 3.54 | 26 |
| 2026-05-01 | 3 | 2300 | 683 | 3.54 | 27 |
| 2026-05-02 | 3 | 2300 | 683 | 3.54 | 28 |
| 2026-05-03 | 3 | 2300 | 683 | 3.54 | 29 |
| 2026-05-04 | 3 | 2300 | 683 | 3.54 | 30 |
| 2026-05-05 | 3 | 2300 | 683 | 3.54 | 31 |
| 2026-05-06 | 3 | 2300 | 683 | 3.54 | 32 |
| 2026-05-07 | 3 | 2300 | 683 | 3.54 | 33 |
| 2026-05-08 | 3 | 2300 | 683 | 3.54 | 34 |
| 2026-05-09 | 3 | 2300 | 683 | 3.54 | 35 |
| 2026-05-10 | 2 | 2375 | 750 | 3.36 | 49 |
| 2026-05-11 | 2 | 2375 | 750 | 3.36 | 50 |
| 2026-05-12 | 3 | 2367 | 717 | 3.45 | 34 |
| 2026-05-13 | 3 | 2367 | 717 | 3.45 | 35 |
| 2026-05-14 | 3 | 2367 | 717 | 3.45 | 36 |
| 2026-05-15 | 3 | 2367 | 717 | 3.45 | 37 |
| 2026-05-16 | 3 | 2367 | 717 | 3.45 | 38 |
| 2026-05-17 | 3 | 2367 | 717 | 3.45 | 39 |
| 2026-05-18 | 3 | 2367 | 717 | 3.45 | 40 |
| 2026-05-19 | 3 | 2367 | 717 | 3.45 | 41 |
| 2026-05-20 | 2 | 2425 | 800 | 3.12 | 35 |
| 2026-05-21 | 2 | 2425 | 800 | 3.12 | 36 |
| 2026-05-22 | 2 | 2425 | 800 | 3.12 | 37 |
| 2026-05-23 | 3 | 2683 | 817 | 3.34 | 25 |
| 2026-05-24 | 3 | 2683 | 817 | 3.34 | 26 |
| 2026-05-25 | 3 | 2683 | 817 | 3.34 | 27 |
| 2026-05-26 | 3 | 2683 | 817 | 3.34 | 28 |
| 2026-05-27 | 3 | 2683 | 817 | 3.34 | 29 |
| 2026-05-28 | 3 | 2683 | 817 | 3.34 | 30 |
| 2026-05-29 | 3 | 2683 | 817 | 3.34 | 31 |
| 2026-05-30 | 3 | 2683 | 817 | 3.34 | 32 |
| 2026-05-31 | 3 | 2683 | 817 | 3.34 | 33 |
| 2026-06-01 | 3 | 2683 | 817 | 3.34 | 34 |
| 2026-06-02 | 3 | 2683 | 817 | 3.34 | 35 |
| 2026-06-03 | 3 | 2683 | 817 | 3.34 | 36 |
| 2026-06-04 | 3 | 2683 | 817 | 3.34 | 37 |
| 2026-06-05 | 3 | 2683 | 817 | 3.34 | 38 |
| 2026-06-06 | 3 | 2683 | 817 | 3.34 | 39 |
| 2026-06-07 | 3 | 2683 | 817 | 3.34 | 40 |
| 2026-06-08 | 3 | 2683 | 817 | 3.34 | 41 |
| 2026-06-09 | 3 | 2683 | 817 | 3.34 | 42 |
| 2026-06-10 | 3 | 2683 | 817 | 3.34 | 43 |
| 2026-06-11 | 3 | 2683 | 817 | 3.34 | 44 |
| 2026-06-12 | 4 | 2763 | 825 | 3.39 | 34 |
| 2026-06-13 | 4 | 2763 | 825 | 3.39 | 35 |
| 2026-06-14 | 4 | 2763 | 825 | 3.39 | 36 |
| 2026-06-15 | 4 | 2763 | 825 | 3.39 | 37 |
| 2026-06-16 | 4 | 2763 | 825 | 3.39 | 38 |
| 2026-06-17 | 4 | 2763 | 825 | 3.39 | 39 |
| 2026-06-18 | 4 | 2763 | 825 | 3.39 | 40 |
| 2026-06-19 | 4 | 2763 | 825 | 3.39 | 41 |
| 2026-06-20 | 4 | 2763 | 825 | 3.39 | 42 |
| 2026-06-21 | 5 | 2668 | 790 | 3.41 | 34 |
| 2026-06-22 | 5 | 2668 | 790 | 3.41 | 35 |
| 2026-06-23 | 5 | 2668 | 790 | 3.41 | 36 |
| 2026-06-24 | 5 | 2668 | 790 | 3.41 | 37 |
| 2026-06-25 | 5 | 2668 | 790 | 3.41 | 38 |
| 2026-06-26 | 5 | 2668 | 790 | 3.41 | 39 |
| 2026-06-27 | 5 | 2668 | 790 | 3.41 | 40 |
| 2026-06-28 | 5 | 2668 | 790 | 3.41 | 41 |
| 2026-06-29 | 5 | 2668 | 790 | 3.41 | 42 |
| 2026-06-30 | 4 | 2710 | 750 | 3.61 | 29 |
| 2026-07-01 | 4 | 2710 | 750 | 3.61 | 30 |
| 2026-07-02 | 4 | 2710 | 750 | 3.61 | 31 |
| 2026-07-03 | 4 | 2710 | 750 | 3.61 | 32 |
| 2026-07-04 | 4 | 2710 | 750 | 3.61 | 33 |
| 2026-07-05 | 4 | 2710 | 750 | 3.61 | 34 |
| 2026-07-06 | 5 | 2608 | 710 | 3.69 | 28 |
| 2026-07-07 | 5 | 2608 | 710 | 3.69 | 29 |
| 2026-07-08 | 6 | 2540 | 683 | 3.74 | 25 |
| 2026-07-09 | 6 | 2540 | 683 | 3.74 | 26 |
| 2026-07-10 | 6 | 2540 | 683 | 3.74 | 27 |
| 2026-07-11 | 6 | 2540 | 683 | 3.74 | 28 |
| 2026-07-12 | 6 | 2540 | 683 | 3.74 | 29 |
| 2026-07-13 | 6 | 2540 | 683 | 3.74 | 30 |
| 2026-07-14 | 6 | 2540 | 683 | 3.74 | 31 |
| 2026-07-15 | 6 | 2540 | 683 | 3.74 | 32 |
| 2026-07-16 | 6 | 2540 | 683 | 3.74 | 33 |
| 2026-07-17 | 6 | 2540 | 683 | 3.74 | 34 |
| 2026-07-18 | 6 | 2540 | 683 | 3.74 | 35 |
| 2026-07-19 | 4 | 2688 | 725 | 3.73 | 44 |
| 2026-07-20 | 4 | 2688 | 725 | 3.73 | 45 |
| 2026-07-21 | 3 | 2583 | 683 | 3.79 | 48 |
| 2026-07-22 | 3 | 2583 | 683 | 3.79 | 49 |
| 2026-07-23 | 3 | 2583 | 683 | 3.79 | 50 |
| 2026-07-24 | 3 | 2583 | 683 | 3.79 | 51 |
| 2026-07-25 | 3 | 2583 | 683 | 3.79 | 52 |
| 2026-07-26 | 2 | 2700 | 700 | 3.88 | 42 |
| 2026-07-27 | 2 | 2700 | 700 | 3.88 | 43 |
| 2026-07-28 | 2 | 2700 | 700 | 3.88 | 44 |
| 2026-07-29 | 3 | 2783 | 750 | 3.75 | 30 |
| 2026-07-30 | 3 | 2783 | 750 | 3.75 | 31 |
| 2026-07-31 | 4 | 2638 | 700 | 3.81 | 24 |
| 2026-08-01 | 4 | 2638 | 700 | 3.81 | 25 |
| 2026-08-02 | 4 | 2638 | 700 | 3.81 | 26 |
| 2026-08-03 | 4 | 2638 | 700 | 3.81 | 27 |
| 2026-08-04 | 4 | 2638 | 700 | 3.81 | 28 |
| 2026-08-05 | 4 | 2638 | 700 | 3.81 | 29 |
| 2026-08-06 | 3 | 2783 | 750 | 3.75 | 30 |
| 2026-08-07 | 3 | 2783 | 750 | 3.75 | 31 |
| 2026-08-08 | 3 | 2783 | 750 | 3.75 | 32 |
| 2026-08-09 | 3 | 2783 | 750 | 3.75 | 33 |
| 2026-08-10 | 3 | 2783 | 750 | 3.75 | 34 |
| 2026-08-11 | 4 | 2688 | 720 | 3.76 | 26 |
| 2026-08-12 | 4 | 2688 | 720 | 3.76 | 27 |
| 2026-08-13 | 5 | 2730 | 746 | 3.69 | 22 |
| 2026-08-14 | 5 | 2730 | 746 | 3.69 | 23 |
| 2026-08-15 | 4 | 2613 | 720 | 3.67 | 10 |
| 2026-08-16 | 4 | 2613 | 720 | 3.67 | 11 |
| 2026-08-17 | 4 | 2613 | 720 | 3.67 | 12 |
| 2026-08-18 | 4 | 2613 | 720 | 3.67 | 13 |
| 2026-08-19 | 4 | 2613 | 720 | 3.67 | 14 |
| 2026-08-20 | 4 | 2613 | 720 | 3.67 | 15 |
| 2026-08-21 | 4 | 2613 | 720 | 3.67 | 16 |
| 2026-08-22 | 4 | 2613 | 720 | 3.67 | 17 |
| 2026-08-23 | 4 | 2613 | 720 | 3.67 | 18 |
| 2026-08-24 | 5 | 2540 | 706 | 3.63 | 15 |
| 2026-08-25 | 5 | 2540 | 706 | 3.63 | 16 |
| 2026-08-26 | 5 | 2540 | 706 | 3.63 | 17 |
| 2026-08-27 | 5 | 2540 | 706 | 3.63 | 18 |
| 2026-08-28 | 5 | 2540 | 706 | 3.63 | 19 |
| 2026-08-29 | 5 | 2540 | 706 | 3.63 | 20 |
| 2026-08-30 | 5 | 2540 | 706 | 3.63 | 21 |
| 2026-08-31 | 5 | 2540 | 706 | 3.63 | 22 |
12-Month Market Dynamics & Trend Trajectory
The Fountains - 2H realized an average lease rent of $2,462 per month at $3.74 per square foot across 667 square feet of average suite size, positioning the building 4.8% below the Thornhill submarket average lease rent of $2,594 while commanding a 2.8% premium on rate per square foot over the submarket's $3.58 per square foot benchmark. This combination signals that the building's suites are slightly more compact than the submarket norm, allowing a competitive per-square-foot rate that still lands below the local average monthly outlay for tenants. Pricing discipline at The Fountains - 2H skews tenant-favorable, with 66.7% of the six tracked leases closing below asking and an average concession of $71 per month (2.5% discount). The annualized impact of this landlord give-back totals $852 per unit per year, confirming that tenants in this micro-market hold meaningful negotiation leverage. The net spread of -$71 per month is consistent across the sample and indicates landlords are prioritizing occupancy over list-price rigidity in the Thornhill corridor.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-17 | 1 | 2225 | 550 | 4.05 | 56 |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-21 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-28 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-05 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-12 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-19 | 2 | 2550 | 700 | 3.71 | 25 |
| 2026-07-26 | 1 | 2250 | 650 | 3.46 | 75 |
| 2026-08-02 | 1 | 2200 | 550 | 4.00 | 31 |
| 2026-08-09 | 1 | 2999 | 850 | 3.53 | 84 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Comparing rental asking rates and price-per-square-foot ($/SF) at The Fountains - 2H with 6 tracked residential buildings in the immediate vicinity.
Comparable Analysis & Questions
How do rental rates at The Fountains - 2H compare to neighbouring buildings within Thornhill?
At $2,540/month ($3.63/SF), The Fountains - 2H maintains a competitive market position compared to surrounding properties.
Does The Fountains - 2H offer a competitive price-per-square-foot ($/SF) against local comparables?
Comparing $/SF rates demonstrates how space efficiency and suite square footage influence relative affordability against nearby buildings.
How do building age, amenities, and developer reputation impact rent spreads?
Modern building amenities, concierge services, and construction vintage contribute to rent spreads between The Fountains - 2H and neighbouring options.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around The Fountains - 2H.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Yoga Studio
- Indoor Pool
- Hot Tub & Jacuzzi
- Sauna & Steam Room
- Party & Lounge Room
- Meeting Room
- Media & Theatre Room
- Games & Billiards Room
Residential Buildings in the Vicinity
- Thornhill City Centre II48 m
- The Fountains - 2K60 m
- D'Or Condominiums - East61 m
- The Fountains - 176 m
- Thornhill City Centre I110 m
- D'Or Condominiums - West135 m
- Centre Park Condos - West Building160 m
- Centre Park Condos - East Building209 m
- The Residence at Beauclaire300 m
- Beverley at Thornhill City Centre318 m
- Vista at Thornhill City Centre326 m
- Royal Promenade I368 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for The Fountains - 2H.
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.
