Vancouver was the most expensive Canadian city for one-bedroom apartment rentals, with a median rent of about ***** Canadian dollars in January 2024. Toronto followed behind with a median rent of ***** Canadian dollars.

Vancouver, Toronto, and Mississauga were the most expensive cities to rent a two-bedroom apartment in Canada in January 2024. In all three cities, the average two-bedroom rent exceeded ***** Canadian dollars and in Vancouver, it was as high as ***** Canadian dollars per month.

This table contains data described by the following dimensions (Not all combinations are available): Geography (247 items: Carbonear; Newfoundland and Labrador; Corner Brook; Newfoundland and Labrador; Grand Falls-Windsor; Newfoundland and Labrador; Gander; Newfoundland and Labrador ...), Type of structure (4 items: Apartment structures of three units and over; Apartment structures of six units and over; Row and apartment structures of three units and over; Row structures of three units and over ...), Type of unit (4 items: Two bedroom units; Three bedroom units; One bedroom units; Bachelor units ...).

Commercial rents services price index (CRSPI) by North American Industry Classification System (NAICS). Monthly data are available from January 2006 for the total index and from January 2019 for all other indexes. The table presents data for the most recent reference period and the last five periods. The base period for the index is (2019=100).

Price to Rent Ratio in Canada decreased to 134.71 in the first quarter of 2025 from 134.87 in the fourth quarter of 2024. This dataset includes a chart with historical data for Canada Price to Rent Ratio.

The house price to rent ratio in Canada decreased 2023 onwards, after peaking in 2022. In the third quarter of 2024, the index amounted to ***** index points, down from ***** index points in the third quarter of 2023, when the highest value was recorded. The index tracks the development of house prices relative to rents, with 2015 chosen as a base year with an index value of 2015. This ratio was calculated by dividing median house prices by median annual rents. A ratio of *** percent means that the gap between median house prices and median annual rents widened by ** percent since 2015.

Revenue for Canadian apartment lessors has gained through the end of 2025. Apartment lessors collect rental income from rental properties, so market forces largely determine their rates. The supply of apartment rentals has grown slower than demand, which has elevated rental rates for lessors' benefit. Favourable economic conditions and demographic trends during most of the period have driven growth in demand. In 2020, the spread of COVID-19 lessened demand for apartment rentals, but the nature of apartment leases prevented a dip in revenue until 2021. Revenue has climbed since 2022 as higher prices and strong demand have fuelled a robust rental market. Revenue has climbed at a CAGR of 1.7% over the past five years and will reach $67.6 billion through the end of 2025. This includes a 1.6% swell in 2025 alone. Climbing vacancies fueled by a historic increase in rental supply will limit rent growth in 2025. The urban population in Canada has continued to expand, fuelling demand for housing in recent years. The supply of apartment rental units has lagged behind demand growth, reflected in low vacancy rates across Canada. Major urban centres have had especially low vacancy rates in recent years. Disposable income has also grown despite significant economic volatility. This has given individuals more funds to cover living expenses, which has enabled lessors to raise rental rates. Despite skyrocketing rental prices, profit has declined because of rising operating costs and property taxes. Favourable macroeconomic conditions are expected to fuel demand for apartment rentals moving forward. Per capita disposable income will climb while vacancy rates remain low. Furthermore, immigration and urbanization growth will fuel rent growth in major cities, benefiting apartment rental providers. Demand will continue to outpace supply growth, prompting a revenue gain. Revenue will expand at a CAGR of 1.3% through the end of 2030, reaching $71.9 billion in 2030.

Toronto Central and Toronto North were the most expensive areas to rent a two-bedroom apartment in Greater Toronto, Canada in 2023, with a median rent of ***** and ***** Canadian dollars, respectively. In comparison, the average for the city stood at ***** Canadian dollars. Bradford/West Gwillimbury/New Tecumseth, in comparison, was the most affordable area with a monthly rent of ***** Canadian dollars. The data is based on the results of an annual survey among owners, managers, and building superintendents and includes only apartments in privately initiated buildings with ***** or more rental units on the market for more than three months.

In Canada, rents paid for housing increased year-on-year since 2011. 2023 saw the highest nominal increase in rents at **** percent, and an inflation-adjusted change amounting to **** percent. In the previous two years, the inflation-adjusted change was negative, suggesting that rents grew at a slower rate than inflation that year.

The Canadian property management industry witnessed robust growth in rental apartment supply in 2024, lifting national vacancy rates to 2.2%. The expansion in apartment supply was the most significant in over three decades. However, rental market conditions remained tight in crucial markets. The average rent for two-bedroom apartment units climbed 5.4% in 2024, highlighting sustained demand for apartment rentals. Affordability issues persisted since the completion of high-priced units bolstered the supply gain. The industry remained highly competitive, requiring agile adaptation strategies from property managers in response to slower rent growth, higher vacancies, evolving tenant preferences and affordability challenges. Nonetheless, revenue has grown at a CAGR of 0.2% to $9.8 billion through the end of 2025, including a 1.3% climb in 2025. Sustained demand for apartment rental will primarily drive revenue growth in 2025, as residential property management is the industry's largest market. The high cost of housing has continued to subvert the transition from renting to homeownership. Interest rate reductions by the Bank of Canada stimulated a 10.0% climb in home sales in 2024, yet homeownership is still out of reach for most Canadians. As Canadians stay longer in rentals, demand for residential property managers is expected to strengthen. On the other hand, the demand for commercial property management is mixed because of the complexity of commercial buildings, evolving workspace needs and the emergence of hybrid work models. Higher rental rates and lower vacancy rates have led to rising profit. The industry will enjoy growth through the end of 2030, with revenue rising at a CAGR of 1.4% to reach $10.5 billion in 2030. Continuous population growth and urbanization will significantly influence the industry's performance, increasing rental housing demand in major cities. Although interest rates have dropped, home ownership will remain elusive for most Canadians, which means Canadians will rent longer, sustaining demand for residential property management services. Technological advancements will fundamentally change the industry's operations, making Artificial Intelligence, the Internet of Things and automation key drivers of efficiency, sustainability and tenant-centric innovation. The next five years will also present regulatory changes that could add compliance burdens and influence market dynamics. Canadian property management will evolve and be characterized by data-driven portfolio management, tenant retention strategies, technological adoption and compliance with stricter environmental regulations and tenant protection measures.

The average asking rent of industrial and logistics real estate in Canada was between ** and ** Canadian dollars per square foot in the first quarter of 2023. Toronto, which was the market with most inventory, had monthly rent of ***** Canadian dollars per square foot, making it the third most expensive market.

Commercial rents services price index (CRSPI) by North American Industry Classification System (NAICS). Quarterly data are available from the first quarter of 2006 for the total index and from the first quarter of 2019 for all other indexes. The table presents data for the most recent reference period and the last five periods. The base period for the index is (2019=100).

Canada's Industrial Equipment Rental and Leasing industry has overcome economic volatility through the end of 2024 as the variety of products rented or leased limits economic fluctuations from affecting demand from any one market. Healthcare facilities regularly rent and replace medical devices that are too costly to purchase and become obsolete quickly. Manufacturing and construction customers have adopted similar strategies to mitigate capital costs and access up-to-date equipment. Although COVID-19 substantially hindered some of the largest markets for industrial equipment rentals (manufacturing), historically low interest rates drove growth in residential construction while demand for equipment from overwhelmed hospitals soared. Despite 2020 declines, industry revenue has increased at a CAGR of 1.8% over the past five years, reaching $5.7 billion in 2024. Revenue will swell an estimated 1.3% in 2024 alone as the popularity of equipment rental conquers inflationary pressures. Renting rather than purchasing equipment offers flexibility for many businesses, enabling customers to quickly adjust inputs, costs and output, which is especially desirable when demand conditions are volatile. This has supported the expansion of rental companies through economic downturns. The Bank of Canada began cutting interest rates in June 2024 and several rate cuts since June have stimulated greater construction activity, bolstering demand from a vital market for industrial equipment rental and leasing. Profit has inched downward through the end of 2024 amid volatile demand from downstream markets and heightened competition. Through the end of 2029, contractors will benefit from accelerating nonresidential construction activity and consistent demand from the industrial and healthcare sectors. Renting and leasing industrial equipment will continue gaining popularity across industries. Technological advancements in equipment, which will drive rental demand, will also prompt rental companies to invest in updated fleets. Environmental consciousness will spur sustainable practices and the adoption of eco-friendly equipment among rental companies. As demand normalizes over the next five years, revenue will expand at a CAGR of 1.3% to reach $6.0 billion in 2029.

The construction, transportation, mining, forestry and agricultural markets that lease heavy machinery have weathered the tumult of the COVID-19 pandemic to push the Heavy Equipment Rental industry in Canada to growth. Growth in nonresidential construction activity, increased demand from air and rail transportation, alongside a rise in commodity prices have raised need for heavy equipment, even as the pandemic temporarily crippled economic activity in 2020. Consequently, industry revenue is expected to grow at a CAGR of 0.7% to $9.7 billion over the five years to 2023.While the industry has grown, volatility has been substantial. There was consistent demand for heavy equipment prior to the pandemic because of elevated commodity prices, which drove need from construction and transportation markets. However, the collapse in commodity prices because of the outbreak of COVID-19, as well as a temporary pause in most economic activity at the height of the pandemic, resulted in the largest single-year drop in industry revenue in decades. The rebound in commodity prices since has yielded growth in demand since, alongside strong, if uneven, growth in nonresidential and residential construction markets. With commodity prices tempering in 2023, industry revenue is forecast to rise at a more moderate 1.0% during the year. And while revenue has continued to grow, profit margins have not been spared by volatile demand swings, with profitability contracting over the current five-year period. The industry revenue is forecast to grow solidly as commodity prices remain high, despite the expectation that they will temper. The Bank of Canada, as well as other governments globally, have raised interest rates in an effort to curb inflation, dampening downstream demand. However, the Canadian economy has remained strong and construction activity is forecast to rise, despite the higher costs of borrowing. Perhaps most notably, demand from Canadian extraction markets is likely to remain elevated because of pressure from global turmoil, most notably the war in Ukraine. The industry is thus forecast to expand at an a CAGR of 2.1% to $10.8 billion over the five years to 2028.

The one-time top-up to the Canada Housing Benefit helped low-income renters with the cost of renting. To be eligible for the tax-free one-time payment of $500, applicants must have filed their 2021 income tax return. They must have had a 2021 adjusted family net income of $35,000 or less for families, or $20,000 or less for individuals, and paid at least 30% of their 2021 adjusted family net income towards rent in the 2022 calendar year. These tables contain statistics by province, age, gender, adjusted family net income, family type and forward sortation area.

This table contains data described by the following dimensions (Not all combinations are available): Geography (37 items: Census metropolitan areas; Saguenay; Quebec; Calgary; Alberta; Edmonton; Alberta ...).

The Car Rental industry has experienced volatility through the end of 2024. The industry endured a significant dip in revenue in 2020 because of COVID-19 and the associated drop in business and leisure travel within Canada. Despite this, the industry has performed well during most of the period. More travellers and increased spending on tourism before and after the pandemic have expanded industry revenue. Revenue is expected to climb at a CAGR of 0.4% to $6.3 billion through the end of 2024, including a 4.4% gain in 2024, when profit will reach 8.6%. The gain in revenue in 2024 can be mainly attributed to the ongoing domestic travel resurgence, a strengthen in inbound international travellers. During the period, the industry has continued to consolidate, leaving three dominant global brands, including Enterprise Holdings Inc. (Enterprise Holdings), Hertz Global Holdings Inc. (Hertz) and Avis Budget Group Inc. (Avis), with various degrees of solid market share. The industry has experienced several acquisitions over the past decade, including Hertz's acquisition of Dollar Thrifty, to gain market share in the leisure budget travel market. Shifting travel patterns, including a climb in demand at off-airport locations, which often have lower profit than airport rentals, have resulted in profit falling over the past five years. Increasing domestic travel, bolstered by an expanding Canadian economy, will raise demand for car rental services through the end of 2029. In addition to rising air travel, industry growth will be bolstered by growth in personal income and rebounding corporate travel budgets. Because of these trends, industry revenue is expected to climb at a CAGR of 1.5% to $6.8 billion through the end of 2029.

Approximately 66% of households in Canada own their home, compared to approximately 34% of households that rent their dwelling. The highest provincial ownership rates were in Newfoundland and Labrador (78%) and the lowest in Quebec (58%). Nunavut at 24% has the lowest ownership rates in the country as more than the half of the dwellings are public housing. Home ownership is less in the larger metropolitan areas than in rural and smaller centres. Dwelling refers only to owner-occupied private dwellings, which do not include dwellings situated on farms, but can include owner-occupied dwellings situated on rented or leased land or part of a condominium. The map shows the percentage of households in each census division that rent their dwelling.

The Municipality of West Vancouver the most expensive area to rent a two-bedroom apartment in Metro Vancouver, Canada in 2023, with a median rent of ***** Canadian dollars. In comparison, the average for the metro stood at ***** Canadian dollars. Maple Ridge/Pitt Meadows, Surrey, and White Rock, on the other hand, were some of the most affordable areas. In Canada, Vancouver is the most expensive city for rental properties.The data is based on the results of an annual survey among owners, managers, and building superintendents and includes only apartments in privately initiated buildings with ***** or more rental units on the market for more than three months.

The one-time top-up to the Canada Housing Benefit helped low-income renters with the cost of renting. To be eligible for the tax-free one-time payment of $500, applicants must have filed their 2021 income tax return. They must have had a 2021 adjusted family net income of $35,000 or less for families, or $20,000 or less for individuals, and paid at least 30% of their 2021 adjusted family net income towards rent in the 2022 calendar year. These tables contain statistics by province, age, gender, adjusted family net income, family type and forward sortation area.