rent growth

New Rental Market Industry Index coming soon

Thursday, January 4, 2024

Rentals.ca has partnered with Statistics Canada to create the Rental Market Industry Index, a new data-based resource to help landlords and renters make informed decisions while also helping policymakers and government officials address the needs of Canadians.

Through this partnership, Rentals.ca will be providing Statistics Canada with rental listing data, while Statistics Canada will be responsible for the analysis, aggregation, and development of the Rental Market Industry Index.

“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.”

According to the partners, the new Rental Market Industry Index signifies a significant step towards enhancing transparency and understanding within the rental housing market in Canada, and will provide comprehensive and reliable data for those in need.

Rentals.ca is owned and operated by Rentsync, a leading SaaS and marketplace technology company based in Toronto. For more information, visit Rentals.ca.

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