If you’re living in a rental, thinking of renting, or currently managing a rental, this is for you!
Everyone will soon have an accessible option for staying up to date on the latest rental market trends.
In a recent release from Rentals.ca, Canada’s leading rental housing data source, they announced a new partnership with Statistics Canada—allowing for the creation of the Rental Market Industry Index.
Rentals.ca will be providing Statistics Canada with rental listing data and Statistics Canada will be responsible for the analysis, aggregation, and development of the index.
This new index will track trends in the rental housing industry across Canada and help both tenants and landlords make informed decisions.
It will also help policymakers and government officials address the rental and housing needs of Canadians as the government strives to address rising costs and housing unavailability.
- Related: Cost of one-bedroom rentals on the rise in Victoria while two-bedroom units drop
- Related: Cost of rent in Victoria trending downward as the year comes to a close
“In supplying rental housing pricing data to Statistics Canada, we take the responsibility very seriously and we feel that this partnership further solidifies and validates our leading position and authority on asking rent data across Canada,” said Max Steinman, CEO of Rentsync.
“Through this new partnership, we’re able to get data into the hands of institutions, and help policymakers, developers, and the Canadian public as a whole to make more informed decisions to help tackle the rental housing supply crisis.”
This partnership signifies a monumental step towards transparency and understanding within the rental housing market in Canada.
Using both Rentals.ca’s extensive rental listing data and Statistics Canada’s analytical capabilities, the Rental Market Industry Index will be a go-to source for comprehensive and reliable housing information.
Once the index is released, you’ll be able to access it via their website.
