Thornhill Rental Comps & Market Trends
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 5 tracked properties across Thornhill, Markham.
Active Rental Inventory
No tracked inventory as of August 2026Current active rental availability status across Thornhill
Rental Inventory Overview for Thornhill
FastScreen currently monitors 5 residential condominium and apartment buildings across Thornhill. There are currently no active rental units publicly listed across these monitored properties. Verified closed lease comps, realized contract pricing, and building performance benchmarks are detailed in the verified transaction section below.
Closed Leases
Transactions that closed in the Past 90 Days across Thornhill
Thornhill Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in Past 90 Days (expanded 90-day window).
Thornhill Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Thornhill, Markham.
| Action | |||||
|---|---|---|---|---|---|
Northgage Condos 16B Elgin Street | $3,150/mo | $2.86/SF | 1lease | 0units | Comps |
Thornlea Place Condominium Residences 180 Dudley Avenue | $2,500/mo | $2.63/SF | 1lease | 0units | Comps |
Crystal Palace Condo 7451 Yonge Street | $2,600/mo | $2.36/SF | 1lease | 0units | Comps |
16a Elgin Street 16a Elgin Street | — | — | 0leases | 0units | Comps |
Northgage Condos 16 Elgin Street | — | — | 0leases | 0units | Comps |
16B Elgin Street
180 Dudley Avenue
7451 Yonge Street
16a Elgin Street
16 Elgin Street
Derived from verified closed lease contracts finalized during Past 90 Days across multi-residential buildings in Thornhill.
Realized monthly lease price divided by interior living square footage (excluding external terraces and parking valuations).
Total executed lease agreements. In boutique buildings with fewer than 2 monthly leases, comps automatically expand to a 90-day rolling window to preserve statistical validity.
The duration from public MLS listing publication to final binding agreement. Active supply reflects current vacant or upcoming units available for rent.
Thornhill Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Thornhill
Thornhill is an established residential submarket within Markham, comprising 5 tracked condominium and multi-family properties. The neighbourhood benefits from strong local demand, proximity to regional employment nodes, and accessible neighborhood commercial amenities.
Transportation throughout Thornhill is anchored by municipal transit connections, primary arterial thoroughfares, and nearby regional highways, connecting residents efficiently across Markham and the wider Greater Toronto Area.
The residential inventory in Thornhill features a balanced mix of contemporary condominium developments and established multi-residential suites, offering versatile floor plans tailored to individuals, couples, and working professionals.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Thornhill is currently $2,750/month ($2.62/SF), with an average leasing velocity of 47 Days on Market. Compared to the overall Markham municipal benchmark ($2,510/month), Thornhill trades at a 10% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Thornlea Place Condominium Residences ($2,500/mo) to Northgage Condos ($3,150/mo).
Currently across Thornhill's 5 tracked multi-family properties, there are 0 active rental listings with an average asking rent of $0/month ($0.00/SF). For closed transactions executed in Past 90 Days (expanded to rolling 90-day transactions for statistical reliability), realized lease agreements averaged $2,750/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Evaluate both verified closed lease comps and active asking prices across Thornhill to pinpoint value. Units featuring included parking stalls and private balconies represent high-utility assets. With an average of 47 days on market, prepare pre-verified credit reports, proof of employment, and deposit drafts prior to viewings. Check building construction completion dates to confirm Ontario rent control guideline applicability.
For Landlords
Aligning initial asking rents with recent 30-day closed transactions rather than speculative active listings prevents extended vacancy periods and protects net operating income. At an average rent of $2,750/mo, each day of vacancy costs $92/day. Pricing your listing accurately to 30-day verified comps eliminates costly extended marketing periods and protects your annual net operating income.
For Realtors
Review building-level historical lease velocity and $/SF trends in Thornhill to prepare comprehensive, defensible comparative market analyses for clients. Utilize granular building-level $/SF comps across Thornhill's 5 properties when preparing client CMAs. Highlight transit walking times, parking inclusions, and balcony square footage to command premium tenant interest.
Thornhill Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Thornhill, Markham
Based on lease transactions tracked by FastScreen in Past 90 Days (expanded to rolling 90-day transactions) across 5 tracked condominium and apartment buildings in Thornhill, realized rents by unit layout average:
- Studio / Bachelor:$1,870/mo($4.07/SF · 460 SF)+$163 vs Markham avg
- 1-Bedroom:$2,255/mo($3.89/SF · 580 SF)+$197 vs Markham avg
- 1-Bedroom + Den:$2,448/mo($3.83/SF · 640 SF)+$214 vs Markham avg
- 2-Bedroom:$2,550/mo($2.50/SF · 1025 SF)-$211 vs Markham avg
- 2-Bedroom + Den:$3,150/mo($2.86/SF · 1100 SF)+$138 vs Markham avg
- 3-Bedroom+:$4,125/mo($3.50/SF · 1180 SF)+$360 vs Markham avg
Overall market leasing across all unit layouts averaged $2,750/month ($2.62/SF) with an average of 47 Days on Market. Active rental listings currently average $0/month ($0.00/SF) for an average unit size of 0 SF.
Explore Other Markham Submarkets
Compare neighbourhood comps and rental rates for leased units across Markham against Thornhill