Urbanation
Canadian Apartment Magazine
Average annual rent increases cooled slightly in May
The average annual rent for vacated units in Canada rose 6.5 per cent in May, marking the lowest annual increase since December 2021.
Canadian Apartment Magazine
Canada’s average asking rent up 20% since 2021
Canada’s average asking rent has risen 20 per cent since the pandemic low of April 2021, up to $2,002 representing an increase of $340 per month.
Canadian Apartment Magazine
Smaller units in demand across GTA
While average rents for all GTA rental units available for lease in Q1-2023 reached record highs, smaller units saw a significant surge.
Canadian Apartment Magazine
March data shows rent growths are reaccelerating
According to March data from rentals.ca and Urbanation, average rents in Canada were up 1 per cent for the first time since November.
Canadian Apartment Magazine
Average rent in Ontario up 13.5 per cent
Ontario placed third among provinces in January for average annual rent increases, up 13.5 per cent for condo rentals and apartments.
Canadian Apartment Magazine
GTA condominium rents up 17% in 2022
As reported by Urbanation, GTA condominium rents rose by nearly 17 per cent in 2022 following decreases in 2021 and 2020.
Canadian Apartment Magazine
Average monthly rents top $2,000 in Canada
Average monthly rents have surpassed $2,000 in Canada with no signs of slowing according to latest National Rent Report from Rentals.ca and Urbanation.
Canadian Apartment Magazine
Annual rent increase more than doubles average wage increase
Annual average rent in Canada rose 11.8 % in October, which is more than double the average hourly wage increase of 5.6 %.
REMI Network
New condo sales in GTA drop 79%
New condo sales in the GTA declined 79 per cent from a year ago, according to the Q3-2022 condo market survey from Urbanation.
Canadian Apartment Magazine
GTA rents rise at fastest pace on record
GTA rents in Q2 2022 rose at their fastest pace on record, with smaller units experiencing the strongest growth rates since the pandemic.
Canadian Apartment Magazine
GTA rental construction surged in 2021
Despite the unprecedented challenges of 2021, the GTA rental market faired well by Q4 with rental construction increasing to a 30-year high.
REMI Network
GTA new condo sales reach record high for Q3
New condo sales in the GTA increased 22 per cent from Q3-2020 to Q3-2021, from 6,386 units to a total of 7,773 units.
Canadian Apartment Magazine
Toronto vacancy rate declines to 3% in Q3-2021
Urbanation’s latest survey of purpose-built rental buildings reports that the average Toronto vacancy rate has dropped from 5.1 per cent in Q2 to 3 per cent in Q3-2021.
CondoBusiness
GTA new condo market rebounds from COVID hit
The new condo market in the GTA has not only fully recovered from a pandemic slump, but reached record sales in the second quarter of 2021.
Canadian Apartment Magazine
GTA vacancy rate continues to climb
The GTA vacancy rate reached an all-time high in Q1-2021 according to a new survey by Urbanation looking at newer purpose-built rental apartments.
Canadian Apartment Magazine
Toronto vacancy rate reaches 50-year high
The latest Urbanation survey of purpose-built rental apartments in Toronto show the vacancy rate rose to a 50-year high of 5.7 per cent in Q4-2020.
Canadian Apartment Magazine
Downtown Toronto’s startling rise in vacancies
New data from Urbanation shows a sharp rise in vacancies in downtown Toronto's purpose-built apartments from 0.7 per cent in Q3-2019 to nearly 3 per cent today.
