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AVR: 1.4%

AVR: 5.6%

2BR: $1387

2BR: $1213

AVR: 2.3%

AVR: 2.9%

2BR: $775

2BR: $1134 AVR: 8.4%

AVR: 1.8%

2BR: $1070

2BR: $1266

East Coast Statistics New Brunswick: AVR: 3.2% 2BR: $801 Prince Edward Island: AVR: 0.3% 2BR: $903 Nova Scotia: AVR: 2.0% 2BR: $1090 Newfoundland and Labrador: AVR: 6.0% 2BR: $870

10

6. OTTAWA

2. TORONTO

7. CALGARY

3. VANCOUVER

8. WINNIPEG

PRIMARY MARKETS

4. QUEBEC CITY

9. HAMILTON

by # of suites

5. EDMONTON

10. LONDON

TOP

1. MONTREAL

8 – theANNUAL


UNIVERSE OF BUILDINGS IN THE PRIMARY MARKETS BY NUMBER OF UNITS

TOTAL RENTAL

households in Canada in 2015 AVR= Average Vacancy Rate at October 2018

OF CANADIAN

Secondary Market

households

RENT

Primary Market

2BR= Average Rent of 2 Bedroom Suite at October 2018

*In the data that follows, theANNUAL excludes subsidized housing. Secondary figure includes: rented row housing, and the usual secondary rental supply (rented single family homes, doubles, duplexes, accessory suites and rented condos)

theANNUAL – 9


Eastern Canada

theANNUAL – 11


State of the Industry Market universe of rental units Primary Secondary

0

St. John’s

5000

10000

Oct ‘17

Oct ‘18

YOY

BACH 1 BR

2 BR

3 BR

Vacancy 7.2% 6.3% -0.9% 5.5% rates

4.8%

6.7%

**

Average $866 $877 1.3% rents

$791

$961

$895

$712

20000

25000

24,010

16%

Rate Type

15000

TOTAL RENTAL HOUSEHOLDS

84%

Largest Market in all of Canada

20th Primary Secondary

** indicates data suppressed to protect confidentiality or data not statistically reliable.

Market universe of rental units Primary

Charlottetown

Secondary 0

St. John’s

2000

4000

6000

8000

10000

14,453 35% Rate Type

Oct ‘17

Oct ‘18

BACH 1 BR

2 BR

3 BR

Vacancy 0.9% 0.2% -0.7% rates

0%

0.2%

0%

Average $854 $872 rents

$585

12 – theANNUAL

YOY

2.1%

0.2%

65%

24th Primary

$755

$921

$1025

TOTAL RENTAL HOUSEHOLDS

Secondary

Largest Market in all of Canada


Market universe of rental units Primary

Halifax

Secondary

St. John’s

0

10000 20000 30000 40000 50000 60000 70000 80000

108,971 TOTAL RENTAL HOUSEHOLDS

42% 58% Rate Type

Oct ‘17

Vacancy 2.3% rates

Oct ‘18

YOY

BACH 1 BR

1.6%

-0.7%

1.5%

Average $1027 $1066 rents

2 BR

3 BR

1.7% 1.5%

1.3%

11th

Largest Market in all of Canada

Primary 3.8%

$812

$904 $1156 $1355

Secondary

Market universe of rental units Primary

Moncton

Secondary

0

St. John’s

5000

10000

15000

20000

28,735 42% 58% Rate Type

Oct ‘17

Oct ‘18

YOY

BACH 1 BR

2 BR

3 BR

Vacancy 4.5% 2.7% rates

-1.8%

2.4%

2.8%

4.2%

Average $764 $794 rents

3.9%

2.1%

TOTAL RENTAL HOUSEHOLDS 19th

Largest Market in all of Canada

Primary $607

$698

$831

$929

Secondary

theANNUAL – 13


State of the Industry Market universe of rental units Primary Secondary

0

St. John’s

3000

6000

Oct ‘18

60% YOY

BACH 1 BR

15000

TOTAL RENTAL HOUSEHOLDS

40% Oct ‘17

12000

22,241

Saint John

Rate Type

9000

2 BR

3 BR

Vacancy 4.7% 3.7% rates

-1.0%

2.8%

3.7%

3.5%

5.1%

Average $713 $725 rents

1.7%

$526

$648

$755

$810

22nd

Largest Market in all of Canada

Primary Secondary

Market universe of rental units Primary Secondary

0

St. John’s

40% 60%

Oct ‘17

Oct ‘18

YOY

BACH 1 BR

2 BR

3 BR

Vacancy 2.2% 2.1% -0.1% rates

**

1.8%

2.9%

Average $848 $878 rents

$637

3.5%

2.7%

6000

8000 10000 12000

$747

$894

$1134

TOTAL RENTAL HOUSEHOLDS 23rd

Primary

** indicates data suppressed to protect confidentiality or data not statistically reliable.

14 – theANNUAL

4000

18,287

Fredericton

Rate Type

2000

Secondary

Largest Market in all of Canada


Central Canada

theANNUAL – 15


State of the Industry Market universe of rental units Primary

Quebec City St. John’s

Secondary 0

40000

70000

100000 130000

212,774 TOTAL RENTAL HOUSEHOLDS

40% 60% Rate Type

Oct ‘17

Oct ‘18

YOY

BACH 1 BR

2 BR

3 BR

Vacancy 4.5% 3.3% rates

-1.2%

3.4%

3.3%

3.2%

3.2%

Average $793 $813 rents

2.5%

$567

$720

$839

$998

Largest Market in all of Canada

4th Primary Secondary

Market universe of rental units Primary

Gatineau St. John’s

Secondary 0

20000

40000

60000

63,290 33% Rate Type

Oct ‘17

Oct ‘18

67% YOY

Vacancy 3.8% 1.2% rates

-2.6%

Average $755 $770 rents

2.0%

BACH 1 BR **

1.0%

2 BR 1.2%

3 BR 1.0%

$696

$794

$891

** indicates data suppressed to protect confidentiality or data not statistically reliable.

16 – theANNUAL

14th Primary

$561

TOTAL RENTAL HOUSEHOLDS

Secondary

Largest Market in all of Canada


800000

Market universe of rental units

700000 600000 500000 400000 300000

Primary

200000

Secondary

Montréal St. John’s

100000 0

1,264,230 56% Rate Type

Oct ‘17

Oct ‘18

YOY

BACH 1 BR

2 BR

3 BR

Vacancy 2.8% 1.9% rates

-0.9%

3.1%

2.1%

1.9%

0.8%

Average $766 $796 rents

3.9%

$641

$720

$809

$1007

44%

TOTAL RENTAL HOUSEHOLDS 1st

Largest Market in all of Canada

Primary Secondary

Market universe of rental units

800000 700000 600000 500000

Primary

400000 300000

Toronto St. John’s

Secondary

200000 100000 0

902,158 34% 66% Rate Type

Oct ‘17

Vacancy 1.0% rates

Oct ‘18

YOY

1.1%

0.1% 1.6%

BACH 1 BR 1.2%

Average $1300 $1363 4.8% $1080 $1261 rents

2 BR

3 BR

1.0%

0.8%

TOTAL RENTAL HOUSEHOLDS 2nd

Largest Market in all of Canada

Primary $1467 $1633

Secondary

theANNUAL – 17


State of the Industry Market universe of rental units Primary

Ottawa St. John’s

Secondary

0

30000 60000 90000 120000

172,362 TOTAL RENTAL HOUSEHOLDS

36% Rate Type

Oct ‘17

64%

Oct ‘18

YOY

Vacancy 1.7% rates

1.6%

-0.1% 1.3%

1.5%

Average $1113 rents

$1174

5.5% $881

$1088 $1301 $1584

BACH 1 BR

2 BR 1.8%

3 BR

6th

1.5%

Largest Market in all of Canada

Primary Secondary

70000 60000

Market universe of rental units

London

50000 40000 30000

Primary

20000 10000

Secondary

0

St. John’s

109,267 40% 60% Rate Type

Oct ‘17

Oct ‘18

Vacancy rates

1.8%

2.1% 0.3% 2.7%

Average rents

$952

YOY

BACH 1 BR 2.1%

2 BR

3 BR

2.1%

2.1%

10th Primary

$995

18 – theANNUAL

4.5% $669

$877

$1087 $1240

TOTAL RENTAL HOUSEHOLDS

Secondary

Largest Market in all of Canada


80000 70000 60000

Market universe of rental units

Hamilton St. John’s

50000 40000

Primary

30000

Secondary

10000

20000 0

117,146 TOTAL RENTAL HOUSEHOLDS

36% Rate Type

Oct ‘17

Vacancy 2.4% rates

64%

Oct ‘18

YOY

BACH 1 BR

3.1%

0.7%

7.8%

Average $1020 $1077 rents

2 BR

3 BR

2.5% 3.0%

5.6%

9th

Largest Market in all of Canada

Primary 5.6% $806

$970 $1158 $1373

Secondary

60000

Market universe of rental units

St.Tri-City John’s

50000 40000 30000

Primary

20000

Secondary

10000 0

87,393 35% 65% Rate Type

Oct ‘17

Vacancy 1.9% rates

Oct ‘18

YOY

2.9%

1.0% 2.5%

Average $1040 $1138 rents

BACH 1 BR 2.9%

2 BR

3 BR

3.1%

1.7%

TOTAL RENTAL HOUSEHOLDS 12th

Largest Market in all of Canada

Primary 9.4% $796

$1021

$1210 $1254

Secondary

theANNUAL – 19


State of the Industry Market universe of rental units Primary Secondary

St. Catharines St. John’s

0

10000 20000 30000 40000 50000

54,362 TOTAL RENTAL HOUSEHOLDS

30% Rate Type

Oct ‘17

Oct ‘18

YOY

Vacancy 1.5% rates

2.5%

1.0% **

2.9%

2.1%

Average $931 rents

$979

5.2% $659

$871

$1036 $1159

BACH 1 BR

2 BR

70%

3 BR

Largest Market in all of Canada

15th

2.2% Primary Secondary

** indicates data suppressed to protect confidentiality or data not statistically reliable.

Market universe of rental units

30000 25000 20000 15000

Primary

Windsor St. John’s

10000 5000

Secondary

0

45,928 33% 67% Rate Type

Oct ‘17

Oct ‘18

YOY

BACH 1 BR

2 BR

3 BR

Vacancy 2.4% 3.0% rates

0.6%

6.0%

1.9%

1.5%

Average $772 $818 rents

6.0% $600

20 – theANNUAL

3.4%

16th Primary

$772

$915

$1090

TOTAL RENTAL HOUSEHOLDS

Secondary

Largest Market in all of Canada


Western Canada

theANNUAL – 21


State of the Industry Market universe of rental units

80000 70000 60000 50000 40000

Primary

Winnipeg

30000 20000

Secondary

10000

St. John’s

0

137,501 TOTAL RENTAL HOUSEHOLDS

40% 60% Rate Type

Oct ‘17

Oct ‘18

Vacancy 2.8% 2.9% rates

YOY

BACH 1 BR

0.1% 2.6%

Average $970 $1030 6.2% $697 rents

2 BR

2.9% 3.0%

3 BR

Largest Market in all of Canada

8th

3.7% Primary

$920 $1179 $1446

Secondary

Market universe of rental units

30000 25000 20000 15000

Primary

Saskatoon St. John’s

10000 5000

Secondary

0

42,292 32% 68% Rate Type

Oct ‘17

Oct ‘18

YOY

Vacancy 9.6% rates

8.3%

-1.3% 6.5%

Average $999 rents

$1024

BACH 1 BR 7.8%

2 BR

3 BR

8.8%

8.2%

17th Primary

22 – theANNUAL

2.5% $701

$912

$1110

$1195

TOTAL RENTAL HOUSEHOLDS

Secondary

Largest Market in all of Canada


Market universe of rental units

30000 25000 20000 15000

Primary

Regina

10000

Secondary

5000 0

St. John’s

35,483 35% Rate Type

Oct ‘17

Vacancy 7.7% rates

65%

Oct ‘18

YOY

7.0%

0.7% 11.5%

9.0%

6.7%

1.5% $700

$935

$1130 $1323

Average $1026 $1041 rents

TOTAL RENTAL HOUSEHOLDS

BACH 1 BR

2 BR

3 BR

18th

2.9%

Largest Market in all of Canada

Primary Secondary

Market universe of rental units

150000 120000 90000 60000

Primary

Edmonton

Secondary

30000 0

St. John’s

200,913 33% Rate Type

Oct ‘17

Oct ‘18

YOY

Vacancy 7.0% rates

5.3%

-1.7% 4.9%

Average $1101 rents

$1131

BACH 1 BR 5.3%

2 BR

3 BR

5.4%

5.2%

67%

TOTAL RENTAL HOUSEHOLDS 5th

Largest Market in all of Canada

Primary 2.7% $862

$1017

$1246 $1373

Secondary

theANNUAL – 23


State of the Industry Market universe of rental units

Calgary

150000 120000 90000

Primary

60000

Secondary

30000

St. John’s

0

162,973 22%

Rate Type

Oct ‘17

Vacancy 6.3% rates

78%

Oct ‘18

YOY

3.9%

-2.4% 2.4%

Average $1128 $1149 rents

TOTAL RENTAL HOUSEHOLDS

BACH 1 BR 3.6%

2 BR 4.3%

3 BR

7th

5.9%

Largest Market in all of Canada

Primary 1.9%

$879

$1050 $1272 $1244

Secondary

Market universe of rental units

300000 250000 200000 150000

Primary

100000 50000

Secondary

Vancouver St. John’s

0

409,567 25%

Rate Type

Oct ‘17

Vacancy 0.9% rates

Oct ‘18

YOY

1.0%

0.1% 0.9%

BACH 1 BR

Average $1297 $1385 6.8% $1150 rents

24 – theANNUAL

1.1%

2 BR

3 BR

0.9%

1.0%

75%

3rd Primary

$1307 $1649 $1921

TOTAL RENTAL HOUSEHOLDS

Secondary

Largest Market in all of Canada


Market universe of rental units

Victoria

Primary Secondary

0

St. John’s

10000 20000 30000 40000 50000

77,415 32%

Rate Type

Oct ‘17

Vacancy 0.7% rates

Oct ‘18

YOY

1.2%

0.5%

Average $1072 $1170 rents

BACH 1 BR 0.6%

1.2%

2 BR 1.2%

TOTAL RENTAL HOUSEHOLDS

68%

3 BR

13th

**

Largest Market in all of Canada

Primary 9.1% $926

$1076 $1406 $1647

Secondary

** indicates data suppressed to protect confidentiality or data not statistically reliable.

Market universe of rental units 0

Primary

Kelowna St. John’s

5000

10000

15000

20000

Secondary

23,345 20%

Rate Type

Oct ‘17

Vacancy 0.2% rates

80%

Oct ‘18

YOY

1.9%

1.7% 0.3%

Average $1043 $1133 rents

BACH 1 BR 3.5%

2 BR

3 BR

0.9%

1.4%

TOTAL RENTAL HOUSEHOLDS 21st

Largest Market in all of Canada

Primary 8.6% $890

$1003 $1267 $1397

Secondary

theANNUAL – 25

Profile for Marc Cote

theANNUAL 2019 National Edition - State Of The Industry  

theANNUAL 2019 National Edition - State Of The Industry  

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