Market Data as of August 31, 2026

Transit City East — Rental Market Data

950 Portage Pkwy, Vaughan, Ontario L4K 0J7

Quick Rent Estimate

Active Suites9 Available

Type

Units

Avg Rent

2-Bedroom

$2,442

1-Bedroom

$1,670

Building Summary & Rental Market Overview

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

Building TypeCondominium

Year Completed2021

Total Suites606

DeveloperCentreCourt Developments & SmartCentres REIT

Transit City East is an established 606-suite development built in 2021. There are currently 9 active listings, representing a 1.5% availability rate. Over the last 90 days, 46 leases closed with an average of 30 days on market, while the last 30 days saw 14 leases close with an average of 24 days on market.

Active asking rents average $2,184 per month ($3.34 per square foot), which is slightly lower than the 90-day realized average of $2,282 per month ($3.49 per square foot). Average active suite sizes are 659 square feet, positioning the building competitively against the Vaughan Metropolitan Centre submarket asking benchmark of $3.73 per square foot.

Landlords are seeing a significant gap in velocity, with closed leases averaging 30 days on market compared to 107 days for delisted units. Unrented units asked an average of $2,350 per month, which is $136 above realized lease averages, suggesting that overpricing is the primary driver of vacancy. Renters should find high value here as current asking rates are trending below recent realized benchmarks.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Transit City East as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units9

-5 (35.7%)

Avg Asking Rent$2,184

-$112 (4.9%)

Avg Suite Size659 sf

-16 sf (2.3%)

Avg Days on Market34d

-6d (15.9%)

Avg Asking $/SF$3.34

-$0.09 (2.5%)

Active Market Insights & Questions

How has rental availability changed at Transit City East recently?

The building currently has 9 active listings with an average of 34 days on market. The inventory is heavily skewed toward larger units, with 2-bedroom suites making up the majority of available stock.

What floor plans and unit layouts are currently available at Transit City East?

The current availability is concentrated in larger layouts. Breaking down each specific tier, 2-bedroom suites account for 6 units (66.7% of inventory), while 1-bedroom suites account for 3 units (33.3% of inventory).

What is the average asking rent and $/SF by suite size at Transit City East?

Asking rents range from $1,200 to $2,750 per month. The highest-priced available unit is a 2-Bedroom suite asking $2,750 per month, while the entry-level pricing starts at $1,200 per month.

How much extra do parking spaces and dens cost at Transit City East?

Parking spots are available with a verified premium of $175 per month. There is currently no data available for den premiums in the active inventory.

How do asking rents at Transit City East compare to local and municipal benchmarks?

At an average asking rate of $3.34 per square foot, Transit City East is priced 10.5% below the Vaughan Metropolitan Centre submarket asking benchmark of $3.73 per square foot.

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 Transit City East (Data period: For the month of August 2026).

Units Leased14

Avg Leased Price$2,214

Avg Leased Size647 sf

Avg Days to Lease24d

Leased $/SF$3.48

Leased Transaction Insights & Questions

How many suites were leased at Transit City East last month, and how fast did they rent?

Leasing activity remains steady with 65 total leases recorded over the past year. The most recent 30-day window shows 14 closed leases with a fast average turnaround of 24 days on market.

What is the negotiation spread between asking rents and closed lease prices at Transit City East?

Tenants negotiated an average discount of $26 per month (1.10% below asking). This tenant-favorable leverage resulted in an average annual saving of $312 per year for 41.5% of leases that closed under asking.

What are typical executed lease prices across different layouts at Transit City East?

The highest volume layouts were 2-bedroom suites (42 leases, $2,341 avg rent, 33 DOM) and 1-bedroom suites (12 leases, $1,848 avg rent, 19 DOM). 2-Bedroom: 42 leases, average rent $2,341 per month, median $2,350 per month, range $2,112 to $2,571, average 676 square feet, $3.46 per square foot, 33 DOM (Statistically robust benchmark). 1-Bedroom: 12 leases, average rent $1,848 per month, median $1,850 per month, range $1,800 to $1,878, average 546 square feet, $3.39 per square foot, 19 DOM (Statistically robust benchmark). 2-Bedroom + Den: 7 leases, average rent $2,440 per month, median $2,500 per month, range $2,200 to $2,640, average 699 square feet, $3.49 per square foot, 43 DOM (Statistically robust benchmark). 1-Bedroom + Den: 4 leases, average rent $1,913 per month, median $1,900 per month, range $1,900 to $1,912, average 550 square feet, $3.48 per square foot, 25 DOM (Directional reference only).

What measurable rent premium did suites with parking achieve in closed leases at Transit City East?

There is currently insufficient paired data to determine a definitive leased parking premium for this building.

How does the lease-to-listing ratio at Transit City East reflect current tenant demand?

Leasing volume peaked in July 2026 with 19 closed leases and the lowest average DOM of 29 days for that month. May 2026 saw the lowest average rent of $2,098 per month.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Transit City East (Data period: For the month of August 2026).

Delisted Units3

Avg Asking Price$2,350

Avg Suite Size688 sf

Avg Days on Market107d

Delisted $/SF$3.43

De-Listed Market Analysis & Questions

How many listings de-listed at Transit City East, and what was their re-listing price compared to previous asking?

Three units were recently delisted, with two expiring and one terminated. These units spent an average of 107 days on market before being removed.

How do asking prices on de-listed suites compare to executed leases and active listings at Transit City East?

Unrented units asked an average of $2,350 per month, which is $136 per month ABOVE realized lease averages ($2,214 per month). This indicates that delisted units were overpriced relative to what the market was willing to pay.

What market friction causes rental listings to stall or de-list at Transit City East?

The 83-day excess in days on market for delisted units compared to leased units highlights significant pushback on price for units listed above the $2,200–$2,300 range.

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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Unit Type

Parking

Den

Chart Metrics

Max 2 Plotted

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Left AxisAsking Price

Avg Asking Price

Right AxisUnits Available

Avg Units Available

Historical statistics trends for active listings
Date	Units Available	Avg Price ($)	Avg SqFt (SF)	Avg PSF ($/SF)	Avg DOM (Days)
2026-04-27	27	2216	648	3.43	37
2026-04-28	30	2221	648	3.43	34
2026-04-29	29	2234	653	3.42	34
2026-04-30	28	2250	655	3.44	33
2026-05-01	28	2250	655	3.44	34
2026-05-02	28	2250	655	3.44	35
2026-05-03	28	2261	657	3.45	34
2026-05-04	26	2285	661	3.46	34
2026-05-05	25	2300	664	3.47	35
2026-05-06	22	2331	673	3.48	39
2026-05-07	22	2331	673	3.48	40
2026-05-08	21	2349	673	3.50	38
2026-05-09	20	2363	673	3.52	39
2026-05-10	19	2382	675	3.54	41
2026-05-11	18	2400	676	3.57	43
2026-05-12	19	2353	667	3.54	39
2026-05-13	18	2381	676	3.54	41
2026-05-14	21	2319	677	3.45	36
2026-05-15	21	2319	677	3.45	37
2026-05-16	22	2300	671	3.45	37
2026-05-17	21	2317	677	3.44	37
2026-05-18	21	2317	677	3.44	38
2026-05-19	20	2303	673	3.44	40
2026-05-20	20	2303	673	3.44	41
2026-05-21	21	2288	672	3.42	40
2026-05-22	21	2324	679	3.44	40
2026-05-23	21	2324	679	3.44	41
2026-05-24	21	2324	679	3.44	42
2026-05-25	21	2324	679	3.44	43
2026-05-26	20	2310	681	3.41	44
2026-05-27	20	2310	681	3.41	45
2026-05-28	19	2276	672	3.41	42
2026-05-29	18	2289	679	3.39	41
2026-05-30	18	2289	679	3.39	42
2026-05-31	18	2289	679	3.39	43
2026-06-01	17	2273	680	3.36	40
2026-06-02	19	2313	682	3.41	35
2026-06-03	20	2332	686	3.42	34
2026-06-04	20	2332	686	3.42	35
2026-06-05	21	2345	689	3.42	34
2026-06-06	21	2345	689	3.42	35
2026-06-07	20	2357	691	3.43	38
2026-06-08	21	2364	689	3.45	35
2026-06-09	20	2352	686	3.45	37
2026-06-10	18	2333	679	3.45	33
2026-06-11	17	2359	686	3.45	35
2026-06-12	14	2343	680	3.46	40
2026-06-13	14	2343	680	3.46	41
2026-06-14	13	2319	678	3.44	39
2026-06-15	13	2312	674	3.45	36
2026-06-16	13	2312	674	3.45	37
2026-06-17	14	2311	674	3.45	36
2026-06-18	13	2296	676	3.41	38
2026-06-19	13	2296	676	3.41	39
2026-06-20	13	2296	676	3.41	40
2026-06-21	13	2296	676	3.41	41
2026-06-22	13	2296	676	3.41	42
2026-06-23	14	2300	674	3.43	40
2026-06-24	13	2277	676	3.39	43
2026-06-25	14	2261	670	3.39	41
2026-06-26	13	2261	672	3.38	40
2026-06-27	14	2255	671	3.38	38
2026-06-28	15	2251	670	3.38	37
2026-06-29	16	2242	668	3.37	35
2026-06-30	18	2259	666	3.40	32
2026-07-01	18	2227	661	3.38	27
2026-07-02	18	2227	661	3.38	28
2026-07-03	17	2249	667	3.39	30
2026-07-04	17	2249	667	3.39	31
2026-07-05	17	2249	667	3.39	32
2026-07-06	17	2249	667	3.39	33
2026-07-07	17	2249	667	3.39	34
2026-07-08	18	2243	666	3.38	33
2026-07-09	19	2238	666	3.38	32
2026-07-10	21	2236	665	3.37	30
2026-07-11	21	2229	664	3.37	30
2026-07-12	21	2229	664	3.37	31
2026-07-13	20	2229	665	3.37	32
2026-07-14	22	2231	659	3.40	30
2026-07-15	23	2217	654	3.40	30
2026-07-16	22	2220	655	3.41	32
2026-07-17	23	2212	650	3.42	28
2026-07-18	22	2195	650	3.39	28
2026-07-19	23	2214	654	3.40	28
2026-07-20	22	2215	655	3.40	29
2026-07-21	21	2201	655	3.38	30
2026-07-22	22	2224	659	3.39	30
2026-07-23	22	2224	659	3.39	31
2026-07-24	21	2230	660	3.40	32
2026-07-25	21	2230	660	3.40	33
2026-07-26	20	2237	660	3.41	32
2026-07-27	18	2232	660	3.40	35
2026-07-28	16	2247	664	3.40	37
2026-07-29	16	2275	672	3.41	37
2026-07-30	15	2250	667	3.40	40
2026-07-31	14	2296	675	3.42	40
2026-08-01	13	2285	676	3.40	36
2026-08-02	12	2300	678	3.42	38
2026-08-03	10	2270	681	3.36	41
2026-08-04	11	2233	669	3.36	38
2026-08-05	11	2233	669	3.36	39
2026-08-06	11	2233	669	3.36	40
2026-08-07	12	2217	667	3.35	38
2026-08-08	12	2180	659	3.33	35
2026-08-09	12	2180	659	3.33	36
2026-08-10	12	2180	659	3.33	37
2026-08-11	13	2212	662	3.36	35
2026-08-12	15	2204	654	3.39	31
2026-08-13	15	2204	654	3.39	32
2026-08-14	17	2186	647	3.40	29
2026-08-15	17	2186	647	3.40	30
2026-08-16	17	2186	647	3.40	31
2026-08-17	17	2180	647	3.39	30
2026-08-18	16	2188	647	3.40	33
2026-08-19	13	2143	630	3.42	22
2026-08-20	12	2163	637	3.42	24
2026-08-21	12	2163	637	3.42	25
2026-08-22	11	2160	636	3.42	28
2026-08-23	11	2160	636	3.42	29
2026-08-24	13	2162	639	3.40	25
2026-08-25	13	2201	647	3.42	25
2026-08-26	11	2210	655	3.39	29
2026-08-27	10	2211	657	3.39	32
2026-08-28	10	2211	657	3.39	33
2026-08-29	10	2211	657	3.39	34
2026-08-30	10	2211	657	3.39	35
2026-08-31	9	2184	659	3.34	34

12-Month Market Dynamics & Trend Trajectory

Over the last five months, the building has seen a fluctuating rent environment. Rents dipped to an average of $2,098 per month in May 2026 before climbing to a peak of $2,397 per month in June 2026. Velocity has remained relatively consistent, with monthly closed counts ranging from 4 to 19. The most recent data from August 2026 shows a tightening of the market with an average DOM of 24 days and an average rent of $2,214 per month.

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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

Unit type

Parking

Den

Lease vs Asking Price Performance

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
Date	Units Leased	Avg Leased Price ($)	Avg SqFt (SF)	Avg PSF ($/SF)	Avg DOM (Days)
2026-05-03	7	2018	617	3.28	32
2026-05-10	4	2111	613	3.46	28
2026-05-17	2	2250	650	3.46	39
2026-05-24	2	2200	650	3.38	39
2026-05-31	1	1850	550	3.36	35
2026-06-07	8	2395	700	3.43	35
2026-06-14	3	2517	683	3.69	48
2026-06-21	1	2600	650	4.00	22
2026-06-28	2	2265	650	3.47	66
2026-07-05	1	2600	650	4.00	11
2026-07-12	4	2275	650	3.49	26
2026-07-19	3	2250	650	3.46	27
2026-07-26	9	2203	647	3.41	26
2026-08-02	4	2313	656	3.53	33
2026-08-09	0	N/A	N/A	N/A	N/A
2026-08-16	5	2200	650	3.38	20
2026-08-23	4	2088	597	3.49	13
2026-08-30	1	2400	638	3.76	51

Nearby Building Rental Comparables & Price Spreads

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

Transit City East is situated within a tight cluster of four nearby rental buildings completed between 2020 and 2023. The closest competitor, The Met (0.09 km), was built in 2020, while Transit City 5 (TC5), The Millway, and Transit City 4 (TC4) were all delivered in 2023. Completed in 2021, the subject building occupies a mid-point in terms of age within this micro-market. The subject provides a significant value proposition, offering an average of 647 square feet at $3.45 per square foot. This is substantially more interior space and a lower rate than the comp average of 610 square feet and $3.82 per square foot. Specifically, the subject trades at a 12.2% discount per square foot compared to TC4's $3.93 per square foot.

The Met91 m

7895 Jane St, Vaughan

Avg Asking$2,379/mo

Avg $/SF$3.79

Rent Spread:

+$195/mo (+8.9%) Higher

Transit City 5 (TC5)179 m

7890 Jane St, Vaughan

Avg Asking$2,295/mo

Avg $/SF$3.63

Rent Spread:

+$111/mo (+5.1%) Higher

The Millway197 m

185 Millway Avenue / 20 Bent Tree Drive, Vaughan

Avg Asking$2,531/mo

Avg $/SF$3.86

Rent Spread:

+$347/mo (+15.9%) Higher

Transit City 4 (TC4)278 m

1000 Portage Pkwy, Vaughan

Avg Asking$2,190/mo

Avg $/SF$3.89

Rent Spread:

+$6/mo (+0.3%) Higher

Nord West at Expo 4303 m

2916 Highway 7, Vaughan

Avg Asking$2,520/mo

Avg $/SF$3.43

Rent Spread:

+$336/mo (+15.4%) Higher

Nord East - Expo 3324 m

2908 Highway 7, Vaughan

Avg Asking$2,676/mo

Avg $/SF$3.47

Rent Spread:

+$492/mo (+22.5%) Higher

Comparable Analysis & Questions

How do rental rates at Transit City East compare to neighbouring buildings within Vaughan Metropolitan Centre?

Transit City East's average lease rent of $2,234 per month is $66 below the four-building comp average of $2,300. The subject undercuts The Met by $166 per month and TC5 by $81 per month. While TC4 rents $50 lower than the subject at $2,184 per month, TC4 suites are significantly smaller, averaging 565 square feet compared to the subject's 647 square feet.

Does Transit City East offer a competitive price-per-square-foot ($/SF) against local comparables?

The subject offers a superior value-to-space ratio, providing 647 square feet at $3.45 per square foot. This is $0.37 to $0.48 per square foot cheaper than every active competitor with reported lease data. Renters at 950 Portage Pkwy gain between 13 and 82 additional square feet of living space compared to The Met, TC5, and TC4, while paying a lower rate for that space.

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

Transit City East features a focused wellness and recreation package including a Golf Simulator, Yoga Studio, Gym & Fitness Centre, and Games & Billiards Room. The Golf Simulator is a key standout that matches TC5 and TC4 but is absent at The Met and The Millway. While competitors like TC4 offer dual pools and a Tesla car-share, and The Met provides a convenience store, the subject's amenity set is highly efficient for renters prioritizing fitness and social gaming.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Transit City East.

Building Amenities

Concierge & Security
Gym & Fitness Centre
Party & Lounge Room
Meeting Room
Games & Billiards Room
Yoga Studio
BBQ Area
Golf Simulator

Residential Buildings in the Vicinity

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Transit City East.

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.