Over the five years to 2017, the Apartment Rental industry is expected to outpace the overall economy. Increased demand from a net inflow of immigrants to Canada and booming real estate markets in Vancouver and Toronto were the main drivers of industry growth over the period. Moving forward, industry revenue is anticipated to continue growing, albeit at a slower rate. Increasing incomes, stemming from a declining unemployment rate, will drive demand for rentals, enabling landlords to charge higher rents without alienating tenants. Additionally, steady net migration and an increasing urban population will further boost industry demand over the next five years.
Operators in this industry act as lessors of buildings that are used as residences or dwellings. Industry participants are owner-lessors of residential buildings and establishments that rent real estate and then act as lessors by subleasing it to others. In addition to apartment rentals, the industry also includes attached and detached houses and row houses.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.