Apartment Rental in Canada
The Apartment Rental industry in Canada has grown steadily over the five years to 2018. Industry operators collect rent income from properties they lease, where the rates they charge are largely determined by market forces. The supply of apartment rentals has grown at a slower pace than demand, which has elevated rental rates to the benefit of the industry. Favourable economic conditions and demographic trends have driven this growth in demand. The urban population in Canada has grown marginally over the past five years, which has increased demand for housing. Favourable macroeconomic conditions are expected to fuel demand for apartment rentals over the next five years. Disposable income is expected to grow at a faster rate, which is likely to continue putting upward pressure on rental rates to the benefit of industry operators.
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.
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