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Market Data as of August 31, 2026

Citylights on Broadway - North Tower — Rental Market Data

99 Broadway Ave, Toronto, Ontario M4P 0E3
Quick Rent Estimate
Active Suites4 Available
Type
Units
Avg Rent
1-Bedroom
2
$2,225
1-Bedroom + Den
1
$2,450
2-Bedroom
1
$2,850

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2022
Total Suites394
DeveloperPemberton Group

Developed by Pemberton Group in 2022, Citylights on Broadway - North Tower stands at 99 Broadway Ave in Toronto's North Midtown submarket as a 394-suite high-rise residential development with an active availability rate of 1.0 percent across 4 current listings moving at an average of 28 days on the market. Over the past 90 days, the building achieved 18 closed lease transactions averaging 22 days on the market, while the most recent 30-day window recorded 9 closed leases averaging 18 days on the market.

Current active asking rents average $2,438 per month at $5.16 per square foot, compared to realized 90-day leases averaging $2,311 per month at $4.29 per square foot for more compact square footages, while the active asking rate per square foot exceeds the broader North Midtown submarket asking benchmark of $4.27 per square foot by 20.8 percent.

Marketing friction remains moderate as unrented listings averaging 32 days on the market asked $2,567 per month, sitting $356 per month above realized lease averages due to overpricing, while active inventory is heavily concentrated in 1-Bedroom layouts offering limited selection alongside single-listing availability for 1-Bedroom + Den and 2-Bedroom configurations.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Citylights on Broadway - North Tower as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units4
-3 (42.9%)
Avg Asking Rent$2,438
+$73 (3.1%)
Avg Suite Size485 sf
-21 sf (4.1%)
Avg Days on Market28d
+7d (33.6%)
Avg Asking $/SF$5.16
+$0.42 (8.8%)

Active Market Insights & Questions

How has rental availability changed at Citylights on Broadway - North Tower recently?

Citylights on Broadway - North Tower has 4 active listings as of August 31, 2026, with an asking price range between $2,150 and $2,850 per month, an average asking rent of $2,438 per month, and a median asking rent of $2,375 per month. The active inventory features an average suite size of 485 square feet and an average asking rate of $5.16 per square foot. One-bedroom layouts dominate the active inventory with a 50 percent share, skewing current availability toward compact entry-level suites rather than multi-bedroom executive layouts.

What floor plans and unit layouts are currently available at Citylights on Broadway - North Tower?

The dominant active layout at Citylights on Broadway - North Tower is the 1-Bedroom, accounting for 2 listings and a 50 percent inventory share. Two 1-Bedroom units are currently available with an average asking rent of $2,225 per month, a median asking rent of $2,225 per month, an average asking rate of $5.07 per square foot, and an average size of 445 square feet. One 1-Bedroom + Den suite represents 25 percent of active inventory with an average asking and median rent of $2,450 per month, an asking rate of $6.13 per square foot, and a size of 400 square feet. One 2-Bedroom unit rounds out the remaining 25 percent share with an average asking and median rent of $2,850 per month, an asking rate of $4.38 per square foot, and a size of 650 square feet.

What is the average asking rent and $/SF by suite size at Citylights on Broadway - North Tower?

Citylights on Broadway - North Tower features a minimum entry rent of $2,150 per month and a peak asking rent of $2,850 per month, creating a dollar spread of $700 per month and a percentage spread of 32.6 percent. The median asking rent sits at $2,375 per month across the active portfolio. The entry-level suite is a 1-Bedroom unit spanning 490 square feet with an asking rate of $4.39 per square foot, while the peak suite is a 2-Bedroom layout spanning 650 square feet with an asking rate of $4.38 per square foot.

How much extra do parking spaces and dens cost at Citylights on Broadway - North Tower?

Citylights on Broadway - North Tower lists an active den premium of $225 per month with a square footage delta of -45 square feet. Marginal costs per square foot for the extra den space cannot be reliably isolated. Active parking premium data cannot be reliably isolated due to an anomalous outlier or insufficient paired sample.

How do asking rents at Citylights on Broadway - North Tower compare to local and municipal benchmarks?

Citylights on Broadway - North Tower asks an average rent of $2,438 per month at $5.16 per square foot, comparing to the North Midtown submarket asking benchmark of $2,803 per month at $4.27 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing, resulting in an asking rate per square foot that is 20.8 percent above the submarket average while representing a 1.7 percent share of submarket 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 Citylights on Broadway - North Tower (Data period: For the month of August 2026).

Units Leased9
Avg Leased Price$2,211
Avg Leased Size552 sf
Avg Days to Lease18d
Leased $/SF$4.53

Leased Transaction Insights & Questions

How many suites were leased at Citylights on Broadway - North Tower last month, and how fast did they rent?

At Citylights on Broadway - North Tower, the 30-day average days on market is 18 days, compared to 22 days for the 90-day window and a submarket benchmark of 24 days. Leasing turnover accelerated over the summer months, rising from 5 closed deals in April to 9 closed deals over the last 30 days, reflecting steady leasing velocity across the building.

What is the negotiation spread between asking rents and closed lease prices at Citylights on Broadway - North Tower?

At Citylights on Broadway - North Tower, transactions settled with an average tenant discount of $44 per month, representing a 1.78% reduction below asking and annual tenant savings of $528 per year. A total of 40.7% of leases closed under asking price, highlighting tenant-favorable negotiation leverage where prospective renters successfully secured landlord concessions.

What are typical executed lease prices across different layouts at Citylights on Broadway - North Tower?

The 1-Bedroom and 2-Bedroom are the top two volume anchor layouts at Citylights on Broadway - North Tower, recording average monthly rents of $2,077 per month (27 days on market) and $2,711 per month (23 days on market) respectively. The 1-Bedroom tier is a robust sample of 13 closed leases averaging an average rent of $2,077 per month, a median rent of $2,050 per month, a P25-P75 range of $2,050 to $2,100 per month, an average square footage of 474 square feet, a rate of $4.44 per square foot, and 27 days on market. The 2-Bedroom tier provides a robust sample of 9 closed leases, averaging an average rent of $2,711 per month, a median rent of $2,750 per month, a P25-P75 range of $2,600 to $2,900 per month, an average size of 666 square feet, an average rate of $4.09 per square foot, and 23 days on market. The 1-Bedroom + Den tier represents a robust sample of 5 closed leases, averaging an average rent of $2,240 per month, a median rent of $2,300 per month, a P25-P75 range of $2,100 to $2,350 per month, an average size of 550 square feet, an average rate of $4.07 per square foot, and 15 days on market.

What measurable rent premium did suites with parking achieve in closed leases at Citylights on Broadway - North Tower?

At Citylights on Broadway - North Tower, verified parking spaces commanded an average realized premium of $88 per month when added to suite leases. Active asking parking data was inconclusive due to an insufficient paired sample, indicating that stall pricing is often negotiated separately or bundled depending on the specific floor plan.

How does the lease-to-listing ratio at Citylights on Broadway - North Tower reflect current tenant demand?

At Citylights on Broadway - North Tower, average monthly rents moved from an average rent of $2,100 per month at $4.07 per square foot with 26 days on market in April, peaking at an average rent of $2,625 per month at $4.32 per square foot with 28 days on market in May. June recorded 1 closed deal at an average rent of $2,300 per month at $3.07 per square foot with 67 days on market, before activity expanded to 8 deals averaging an average rent of $2,425 per month at $4.16 per square foot with 21 days on market in July, and 9 deals averaging an average rent of $2,211 per month at $4.53 per square foot with 18 days on market in August.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Citylights on Broadway - North Tower (Data period: For the month of August 2026).

Delisted Units3
Avg Asking Price$2,567
Avg Suite Size583 sf
Avg Days on Market32d
Delisted $/SF$4.40

De-Listed Market Analysis & Questions

How many listings de-listed at Citylights on Broadway - North Tower, and what was their re-listing price compared to previous asking?

At Citylights on Broadway - North Tower, exactly 3 units were delisted, yielding a delisted-to-leased ratio of 33.3%, composed entirely of 3 terminated listings with zero expired or suspended entries. This represents roughly 1 pulled listing for every 3 successfully executed leases, indicating moderate inventory churn.

How do asking prices on de-listed suites compare to executed leases and active listings at Citylights on Broadway - North Tower?

At Citylights on Broadway - North Tower, unrented delisted units asked an average of $2,567 per month, which is $356 per month above realized lease averages of $2,211 per month and represented an overpricing premium of 16.1% over completed deals. Prospective tenants rejected these elevated asking figures, resulting in terminated marketing campaigns.

What market friction causes rental listings to stall or de-list at Citylights on Broadway - North Tower?

At Citylights on Broadway - North Tower, unrented delisted units lingered on the market for an average of 32 days compared to 18 days for realized leases, resulting in 14 excess marketing days. This holding period generates vacancy carry costs equivalent to roughly half a month of lost rental income plus ongoing monthly condo maintenance fees, penalizing landlords who misjudge local pricing limits.

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)
2026-04-27724145854.1715
2026-04-28724145854.1716
2026-04-29725295994.269
2026-04-30725936144.279
2026-05-01725936144.2710
2026-05-02725936144.2711
2026-05-03725936144.2712
2026-05-04825316064.2112
2026-05-05825316064.2113
2026-05-06925726114.2412
2026-05-07925726114.2413
2026-05-08925726114.2414
2026-05-09925726114.2415
2026-05-10825506184.1515
2026-05-11825506184.1516
2026-05-12924875944.2415
2026-05-13924095834.1812
2026-05-14924095834.1813
2026-05-15924095834.1814
2026-05-16924095834.1815
2026-05-17924095834.1816
2026-05-18924095834.1817
2026-05-19824636064.0820
2026-05-20725146144.1220
2026-05-21625426334.0219
2026-05-22625426334.0220
2026-05-23625426334.0221
2026-05-24524706303.9323
2026-05-25524706303.9324
2026-05-26425636503.9628
2026-05-27325006503.8729
2026-05-28325006503.8730
2026-05-29325006503.8731
2026-05-30325006503.8732
2026-05-31325006503.8733
2026-06-01325006503.8734
2026-06-02325006503.8735
2026-06-03325006503.8736
2026-06-04325006503.8737
2026-06-05325006503.8738
2026-06-06325006503.8739
2026-06-07325006503.8740
2026-06-08325006503.8741
2026-06-09325006503.8742
2026-06-10325006503.8743
2026-06-11325006503.8744
2026-06-12424885884.4334
2026-06-13424885884.4335
2026-06-14524805804.4429
2026-06-15524805804.4430
2026-06-16625175924.3926
2026-06-17625175924.3927
2026-06-18724965864.3824
2026-06-19724965864.3825
2026-06-20724965864.3826
2026-06-21724965864.3827
2026-06-22724965864.3828
2026-06-23825415944.3825
2026-06-24825415944.3826
2026-06-25825415944.3827
2026-06-26725395714.5223
2026-06-27725395714.5224
2026-06-28725395714.5225
2026-06-29725395714.5226
2026-06-30725395714.5227
2026-07-01725395714.5228
2026-07-02624885584.5413
2026-07-03725395784.4812
2026-07-04725395784.4813
2026-07-05725395784.4814
2026-07-06624885664.5015
2026-07-07725255784.4611
2026-07-08924315494.529
2026-07-09924315494.5210
2026-07-10924315494.5211
2026-07-111024335494.5111
2026-07-121024335494.5112
2026-07-13923865334.5613
2026-07-14824225314.6515
2026-07-15824225314.6516
2026-07-16723965144.7418
2026-07-17624635334.7020
2026-07-18624635334.7021
2026-07-19624635334.7022
2026-07-20624255234.7012
2026-07-21723645064.7511
2026-07-22723645064.7512
2026-07-23723645064.7513
2026-07-24723645064.7514
2026-07-25723645064.7515
2026-07-26723645064.7516
2026-07-27723645064.7517
2026-07-28723645064.7518
2026-07-29723645064.7519
2026-07-30723645064.7520
2026-07-31723645064.7521
2026-08-01723645064.7522
2026-08-02723505064.7220
2026-08-03723505064.7221
2026-08-04723505064.7222
2026-08-05723505064.7223
2026-08-06823195044.6621
2026-08-07922944934.7320
2026-08-08922944934.7321
2026-08-09922944934.7322
2026-08-10922944934.7323
2026-08-11922944934.7324
2026-08-12922944934.7325
2026-08-13823315044.6926
2026-08-14923064934.7524
2026-08-15923064934.7525
2026-08-16823314934.8228
2026-08-17723504924.8727
2026-08-18724435144.8620
2026-08-19724435144.8621
2026-08-20824065114.8019
2026-08-21724145064.8814
2026-08-22824004934.9913
2026-08-23624504985.0515
2026-08-24624504985.0516
2026-08-25525205185.0119
2026-08-26525205185.0120
2026-08-27525205185.0121
2026-08-28525205185.0122
2026-08-29525205185.0123
2026-08-30525205185.0124
2026-08-31424384855.1628

12-Month Market Dynamics & Trend Trajectory

Citylights on Broadway - North Tower has established a robust leasing history anchored by 27 lifetime transactions, averaging $2,319 per month at $4.25 per square foot across an average suite size of 552 square feet. Tenant turnover remains healthy, with a lifetime average days on market of 24 days, demonstrating consistent absorption across the 394-suite Pemberton Group development since registration. Pricing discipline in the building favors incoming renters, with 40.7% of lease transactions securing concessions below asking price. Tenants capitalized on market conditions by negotiating an average monthly discount of $44 per month, translating to annual savings of $528 per year and confirming a tenant-favorable leasing environment where unadjusted asking rents face immediate pushback.

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
Max 2 selected
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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)
2026-05-10127506504.2334
2026-05-17123504954.7531
2026-05-24227006504.1523
2026-05-310N/AN/AN/AN/A
2026-06-070N/AN/AN/AN/A
2026-06-140N/AN/AN/AN/A
2026-06-21123007503.0767
2026-06-28121005503.8259
2026-07-05228006504.3117
2026-07-12424005744.2610
2026-07-19121005503.8232
2026-07-260N/AN/AN/AN/A
2026-08-020N/AN/AN/AN/A
2026-08-09120004005.0023
2026-08-16421385094.2025
2026-08-23321674504.8711
2026-08-30128506504.3810

Nearby Building Rental Comparables & Price Spreads

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

Citylights on Broadway - North Tower at 99 Broadway Ave operates within a highly active North Midtown competitive micro-market featuring four core residential benchmarks completed between 2022 and 2025. Immediate local competitors include Citylights on Broadway - South Tower (195 Redpath Ave, 0.04 km away, completed in 2022 with 57 active listings), Line 5 - North Tower (117 Broadway Ave, 0.06 km away, completed in 2025 with 48 active listings), The Parker (200 Redpath Avenue, 0.06 km away, completed in 2022 with 2 active listings), and The Corner on Broadway (223 Redpath Avenue, 0.07 km away, completed in 2024 with 14 active listings). These developments represent modern high-rise density constructed primarily in the early-to-mid 2020s, establishing a uniform contemporary standard for North Midtown vertical living. Across this four-property competitive set, the overall average lease rent sits at $2,549 per month, backed by a mean rate of $4.39 per square foot and an average suite size of 587 square feet. Citylights on Broadway - North Tower positions itself competitively within this peer group, offering balanced mid-density scale, efficient modern floor plans, and a rent profile that aligns closely with its 2022-vintage sister tower while providing attractive value relative to newer or boutique builds in the immediate 0.1-kilometer radius.

195 Redpath Ave, Toronto

Avg Asking$2,297/mo
Avg $/SF$4.24
Rent Spread:
-$140/mo (-5.8%) Lower

200 Redpath Avenue, Toronto

Avg Asking$2,667/mo
Avg $/SF$5.06
Rent Spread:
+$230/mo (+9.4%) Higher

117 Broadway Ave, Toronto

Avg Asking$2,475/mo
Avg $/SF$4.00
Rent Spread:
+$38/mo (+1.5%) Higher

223 Redpath Avenue, Toronto

Avg Asking$2,960/mo
Avg $/SF$4.68
Rent Spread:
+$522/mo (+21.4%) Higher

110-120 Broadway Avenue, Toronto

Avg Asking$2,345/mo
Avg $/SF$4.50
Rent Spread:
-$92/mo (-3.8%) Lower

127 Broadway Ave, Toronto

Avg Asking$2,335/mo
Avg $/SF$4.02
Rent Spread:
-$102/mo (-4.2%) Lower

Comparable Analysis & Questions

How do rental rates at Citylights on Broadway - North Tower compare to neighbouring buildings within North Midtown?

Citylights on Broadway - North Tower achieves an average lease rent of $2,319 per month, trading below the overall competitor benchmark average of $2,549 per month across key nearby properties such as Citylights on Broadway - South Tower, Line 5 - North Tower, The Parker, and The Corner on Broadway. Individual competitor leasing metrics show Citylights on Broadway - South Tower at 195 Redpath Ave averaging $2,250 per month at $4.19 per square foot across 547 square feet. Line 5 - North Tower at 117 Broadway Ave commands an average lease rent of $2,423 per month at $4.10 per square foot across 605 square feet. The Parker at 200 Redpath Avenue records an average lease rent of $2,513 per month at $4.57 per square foot across 550 square feet. Finally, The Corner on Broadway at 223 Redpath Avenue reports an average lease rent of $3,009 per month at $4.68 per square foot across 646 square feet.

Does Citylights on Broadway - North Tower offer a competitive price-per-square-foot ($/SF) against local comparables?

Citylights on Broadway - North Tower offers a highly competitive value position with an average leased rate of $4.25 per square foot and an average suite size of 552 square feet, positioning it favorably against nearby alternatives and the broader submarket benchmark of $4.19 per square foot. Renters evaluating the building trade off slight variations in layout efficiency and building completion vintage; for instance, while boutique peers like The Corner on Broadway command a higher $4.68 per square foot across 646 square feet, Citylights on Broadway - North Tower provides a more accessible entry point at $4.25 per square foot. Similarly, compared to Line 5 - North Tower at $4.10 per square foot across 605 square feet, the subject building delivers comparable modern construction quality and manageable utility burdens without commanding top-tier luxury pricing.

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

Citylights on Broadway - North Tower delivers an extensive, resort-style amenity package that rivals or exceeds most neighboring properties in the North Midtown micro-market. Residents enjoy five signature amenities including an indoor pool, outdoor pool, dedicated yoga studio, comprehensive gym and fitness centre, and a striking rooftop terrace, which compare favorably against competing setups like The Parker's spin studio and dog run or Line 5 - North Tower's pet wash station and juice bar. While properties like The Corner on Broadway focus heavily on indoor lounges and children's play areas, Citylights on Broadway - North Tower emphasizes active recreation and wellness through its basketball court, badminton court, and dual pool setup. This robust amenity infrastructure particularly serves fitness enthusiasts, active young professionals, and urban renters seeking comprehensive on-site wellness options without leaving the building.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Citylights on Broadway - North Tower.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Indoor Pool
  • Outdoor Pool
  • Sauna & Steam Room
  • Basketball Court
  • Badminton Court
  • Party & Lounge Room
  • Media & Theatre Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Citylights on Broadway - North Tower.

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.