Page 1

AVR: 2.4%

AVR: 7.2%

2BR: $1515

2BR: $1247

AVR: 3.8%

AVR: 2.5%

2BR: $1215 AVR: 7.2% 2BR: $1103

2BR: $856 AVR: 3.2% 2BR: $1408

East Coast Statistics New Brunswick: AVR: 3.1%; 2BR: $893 Prince Edward Island: AVR: 2.6%; 2BR: $958 Nova Scotia: AVR: 2.1%; 2BR: $1182 Newfoundland and Labrador: AVR: 7.2%; 2BR: $850

TOP

10

PRIMARY MARKETS

by # of suites

1. MONTREAL

6. OTTAWA

2. TORONTO

7. WINNIPEG

3. VANCOUVER

8. HALIFAX

4. QUEBEC CITY

9. LONDON

5. EDMONTON

10. HAMILTON

AVR = Average Vacancy Rate at October 2020 2BR = Average Rent of 2 Bedroom Suite at October 2020 *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)

8 – theANNUAL


4,474,530 TOTAL RENTAL households in Canada in 2016

31.8%

OF CANADIAN households

RENT 46%

Primary Market Secondary Market

54%

CANADA’S PRIMARY MARKET RENTAL STATISTICS Canada’s Primary Market Rental Statistics Bach

1BR

2BR

3BR

Total

Number of Private Apartment Units

138,496

728,466

1,044,403

184,792

2,096,157

Private Apartment Vacancy Rates

4.6%

3.5%

2.8%

2.6%

3.2%

Private Apartment Average Rents

$865

$1,046

$1,125

$1,206

$1,087

Private Apartment Estimate of Percentage Change of Average Rent

4.5%

3.9%

3.5%

3.9%

3.7%

UNIVERSE OF BUILDINGS IN THE PRIMARY MARKETS BY NUMBER OF UNITS

3-5 Units 42% 6-19 Units 26% 20-49 Units 17% 50-199 Units 9% 200+ Units 5%

*In State of the Industry, the rent and vacancy figures stated reflect apartments within the Primary Rental Market.

theANNUAL – 9


Eastern Canada

*The vacancy and rent figures are as of October 2020. The year-over-year (YOY) figures shown in green are positive for rental providers, while figures in red are negative, and figures in yellow provide a warning.

Positive Warning Negative

theANNUAL – 11


State of the Industry Market universe of rental units Primary Secondary

0

5000

10000

15000

20000

25000

St. St. John’s, John’sNL

25,485 16% Rate Type

Oct '19

Oct '20

Vacancy Rates

6.9%

Average Rents

$896

$903

0.8%

$731

$823

$974

$937

*% Chg 0.6% Avg Rent

1.4%

0.8%

1.6%

1.0%

1.6%

**

7.5%

YOY

Bach

1BR

0.6%

9.0%

6.6%

2BR 7.9%

TOTAL RENTAL HOUSEHOLDS

3BR+

84%

6.8%

2nd Primary

Largest Market in Eastern Canada

Secondary

Market universe of rental units Primary

Charlottetown

Secondary 0

St. John’s

1000

2000

3000

4000

5000

6000

10,775 Rate Type

Oct '19

Oct '20

YOY

Bach

1BR

2BR

3BR+

Vacancy Rates

1.2%

2.7%

1.5%

**

3.9%

2.3%

0.7%

Average Rents

$891

$927

4.0%

$621

$819

$978

$1,121

*% Chg 2.9% Avg Rent

3.0%

0.1%

**

3.0%

2.7%

4.5%

57% 43%

6th Primary

12 – theANNUAL

TOTAL RENTAL HOUSEHOLDS

Secondary

Largest Market in Eastern Canada


Market universe of rental units Primary

Halifax

Secondary

0

St. John’s

10000 20000 30000 40000 50000 60000

69,180 Rate Type Vacancy Rates

Oct '19 1.0%

Oct '20 1.9%

24% YOY 0.9%

Bach 1.8%

1BR 1.9%

2BR 1.9%

3BR+ 1.8%

Average $1,113 $1,170 5.1% Rents

$865 $1,016 $1,255 $1,454

*% Chg 3.8% Avg Rent

5.3%

4.1%

0.3%

TOTAL RENTAL HOUSEHOLDS

76%

Largest Market in Eastern Canada

1st Primary

4.1%

4.2%

3.4%

Secondary

Market universe of rental units Primary

Moncton

Secondary

St. John’s

0

3000

6000

9000

12000

15000

19,175 30%

Rate Type

Oct '19

Oct '20

YOY

Bach

1BR

2BR

Vacancy Rates

2.2%

2.8%

0.6%

5.3%

2.2%

2.9%

Average Rents

$831

$896

7.8%

$685

$774

$949

$1,045

*% Chg 2.3% Avg Rent

5.1%

2.8%

5.0%

4.3%

4.6%

**

3BR+

70%

TOTAL RENTAL HOUSEHOLDS

2.3%

3rd Primary

* Estimate of Percentage Change of Average Rent for units reported in both 2019 and 2020. ** Indicates data suppressed to protect confidentiality or data not statistically reliable.

Largest Market in Eastern Canada

Secondary

theANNUAL – 13


State of the Industry Market universe of rental units Primary Secondary

0

2000

4000

6000

8000

10000

St. John’s Saint John, NB

15,695 Rate Type

Oct '19

Oct '20

YOY

Bach

1BR

2BR

3BR+

Vacancy Rates

3.3%

3.1%

-0.2%

4.6%

3.1%

2.8%

3.5%

Average Rents

$764

$788

3.1%

$567

$701

$825

$854

*% Chg 3.7% Avg Rent

3.6%

-0.1%

**

3.3%

3.4%

3.3%

63%

37%

TOTAL RENTAL HOUSEHOLDS 4th

Primary

Largest Market in Eastern Canada

Secondary

Market universe of rental units Primary Secondary

0

St. John’s

4000

6000

8000

10000

11,960

Fredericton

29%

Rate Type

Oct '19

Oct '20

YOY

Bach

1BR

2BR

Vacancy Rates

1.4%

2.5%

1.1%

3.5%

2.8%

2.6%

Average Rents

$933

$963

3.2%

$686

$815

$979

$1,217

*% Chg 4.3% Avg Rent

2.6%

-1.7%

2.2%

3.6%

3.2%

2.0%

3BR+

71%

TOTAL RENTAL HOUSEHOLDS

1.1%

5th Primary

14 – theANNUAL

2000

Largest Market in Eastern Canada

Secondary

* Estimate of Percentage Change of Average Rent for units reported in both 2019 and 2020. ** Indicates data suppressed to protect confidentiality or data not statistically reliable.


Central Canada

*The vacancy and rent figures are as of October 2020. The year-over-year (YOY) figures shown in green are positive for rental providers, while figures in red are negative, and figures in yellow provide a warning.

Positive Warning Negative

theANNUAL – 15


State of the Industry Market universe of rental units Primary

Quebec City St. John’s

Secondary

0

20000

40000

60000

80000

100000

143,935 Rate Type

Oct '19

Oct '20

YOY

Bach

1BR

2BR

66%

3BR+

Vacancy Rates

2.4%

2.7%

0.3%

3.0%

3.3%

2.3%

2.8%

Average Rents

$837

$874

4.4%

$607

$778

$899

$1,067

*% Chg 1.9% Avg Rent

2.8%

0.9%

3.2%

3.2%

2.7%

3.0%

34%

TOTAL RENTAL HOUSEHOLDS 3rd

Primary

Largest Market in Central Canada

Secondary

Market universe of rental units Primary

Gatineau St. John’s

Secondary

0

5000 10000 15000 20000 25000 30000

44,355 Rate Type

Oct '19

Oct '20

57% YOY

Bach

1BR

2BR

3BR+

Vacancy Rates

1.5%

Average Rents

$847

$906

7.0%

$631

$791

$950

$1,035

*% Chg 4.5% Avg Rent

2.4%

-2.1%

2.4%

2.5%

2.2%

2.2%

1.6%

0.1%

3.4%

2.2%

1.4%

TOTAL RENTAL HOUSEHOLDS

1.0%

9th Primary

16 – theANNUAL

43%

Secondary

Largest Market in Central Canada


800000

Market universe of rental units

700000 600000 500000 400000

Primary

300000 200000

Secondary

Montréal St. John’s

100000 0

765,550 27% Rate Type

Oct '19

Oct '20

YOY

Bach

1BR

2BR

3BR+

Vacancy Rates

1.5%

Average Rents

$841

$891

5.9%

$703

$810

$903 $1,112

*% Chg 3.6% Avg Rent

4.2%

0.6%

5.4%

4.6%

3.6%

2.7%

1.2%

4.8%

3.1%

2.1%

TOTAL RENTAL HOUSEHOLDS

73%

2.6%

1st Primary

2.4%

Secondary

Market universe of rental units

Toronto St. John’s

Largest Market in Central Canada

400000 350000 300000 250000

Primary

200000

Secondary

100000

150000

50000 0

715,545 Rate Type

Oct '19

Vacancy 1.5% Rates

45%

Oct '20

YOY

Bach

1BR

2BR

3.4%

1.9%

5.5%

4.0%

2.7%

3BR+

4.7%

-1.8%

4.4%

4.7%

4.5%

TOTAL RENTAL HOUSEHOLDS

2.2%

Average $1,459 $1,528 4.7% $1,204 $1,421 $1,635 $1,848 Rents *% Chg 6.5% Avg Rent

55%

**

* Estimate of Percentage Change of Average Rent for units reported in both 2019 and 2020. ** Indicates data suppressed to protect confidentiality or data not statistically reliable.

2nd Primary

Largest Market in Central Canada

Secondary

theANNUAL – 17


State of the Industry Market universe of rental units

70000 50000 30000

Primary

Ottawa St. John’s

10000 0

Secondary

128,285 Rate Type

Oct '19

Vacancy 1.8% Rates

Oct '20

YOY

Bach

1BR

2BR

3.9%

2.1%

3.1%

3.9%

3.7%

52%

3BR+ **

4th

Average $1,281 $1,358 6.0% $1,000 $1,244 $1,517 $1,851 Rents *% Chg 8.2% Avg Rent

4.5%

-3.7%

7.2%

5.4%

5.2%

Primary

2.5%

Largest Market in Central Canada

Secondary

50000

Market universe of rental units

London

TOTAL RENTAL HOUSEHOLDS

48%

40000 30000

Primary

20000

Secondary

10000

St. John’s

0

74,275 Rate Type Vacancy Rates Average Rents

Oct '19 1.8%

Oct '20 3.4%

YOY 1.6%

$1,024 $1,118 9.2%

*% Chg 5.0% Avg Rent

Bach 4.7% $774

1BR 3.5%

2BR 3.1%

3BR+

35% 65%

4.9%

6th

$1,001 $1,207 $1,379 Primary

7.0%

18 – theANNUAL

2.0%

8.5%

7.5%

6.8%

TOTAL RENTAL HOUSEHOLDS

4.5%

Secondary

Largest Market in Central Canada


50000

Market universe of rental units

Hamilton St. John’s

40000 30000

Primary

20000

Secondary

10000 0

86,860 Rate Type Vacancy Rates Average Rents

Oct '19 3.9%

Oct '20 3.5%

$1,133 $1,208

*% Chg 5.3% Avg Rent

YOY -0.4%

Bach 5.3%

6.6%

$898

0.1%

4.9%

1BR 3.4%

2BR 3.2%

3BR+

TOTAL RENTAL HOUSEHOLDS

51% 49%

5.7%

5th

$1,096 $1,291 $1,511

Largest Market in Central Canada

Primary 5.4%

5.4%

5.0%

3.5%

Secondary

Market universe of rental units

40000 30000 20000

Primary

10000 0

Secondary

St.K-C-W John’s

64,350 Rate Type Vacancy Rates

Oct '19 2.1%

Oct '20 2.1%

56% YOY -

Bach 3.1%

Average $1,163 $1,221 Rents

5.0%

$863

*% Chg 5.0% Avg Rent

-1.1%

5.1%

3.9%

1BR 1.9%

2BR 2.1%

3BR+

44%

3.0%

7th

$1,076 $1,295 $1,435 Primary 3.9%

4.0%

TOTAL RENTAL HOUSEHOLDS

2.8%

* Estimate of Percentage Change of Average Rent for units reported in both 2019 and 2020. ** Indicates data suppressed to protect confidentiality or data not statistically reliable.

Largest Market in Central Canada

Secondary

theANNUAL – 19


State of the Industry Market universe of rental units Primary Secondary

St. Catharines St. John’s

0

10000

20000

30000

45,735 Rate Type Vacancy Rates Average Rents

Oct '19 2.3%

Oct '20 2.7%

$1,028 $1,075

*% Chg 4.0% Avg Rent

YOY

Bach **

0.4%

1BR 2.5%

4.6%

$774

$958

1.6%

5.7%

5.7%

2BR 2.9%

TOTAL RENTAL HOUSEHOLDS

35%

3BR+

65%

1.9%

8th

$1,137 $1,260 Primary

5.6%

6.1%

7.1%

Secondary

Market universe of rental units

25000 20000 15000 10000

Primary

Windsor St. John’s

Largest Market in Central Canada

5000

Secondary

0

37,675 Rate Type

Oct '19

Oct '20

YOY

Bach

1BR

Vacancy Rates

2.9%

3.6%

0.7%

6.7%

3.9%

Average Rents

$870

$937

7.7%

$699

$896

*% Chg 7.5% Avg Rent

8.4%

0.9%

10.9%

8.3%

2BR 2.5%

3BR+

41% 59%

**

10th

$1,027 $1,214 Primary

20 – theANNUAL

8.7%

5.7%

TOTAL RENTAL HOUSEHOLDS Largest Market in Central Canada

Secondary

* Estimate of Percentage Change of Average Rent for units reported in both 2019 and 2020. ** Indicates data suppressed to protect confidentiality or data not statistically reliable.


Western Canada

*The vacancy and rent figures are as of October 2020. The year-over-year (YOY) figures shown in green are positive for rental providers, while figures in red are negative, and figures in yellow provide a warning.

Positive Warning Negative

theANNUAL – 21


State of the Industry 80000 70000 60000 50000 40000 30000 20000 10000 0

Market universe of rental units Primary

Winnipeg

Secondary

St. John’s

100,150 Rate Type Vacancy Rates Average Rents *% Chg Avg Rent

Oct '19 Oct '20 YOY 3.1%

3.8%

$1,070 $1,107

Bach

1BR

2BR

0.7%

3.9%

4.3%

3.5%

$757

$991

-0.5%

3.5%

3.0%

3BR+

3.4%

62%

38%

2.5%

TOTAL RENTAL HOUSEHOLDS 4th

$1,262 $1,578 Primary

3.5%

3.0%

3.0%

1.5%

Secondary

Market universe of rental units

20000 15000 10000

Primary

Saskatoon St. John’s

Largest Market in Western Canada

5000

Secondary

0

34,305 Rate Type Vacancy Rates Average Rents

Oct '19 Oct '20 YOY 5.7%

5.9%

$1,046 $1,078

*% Chg 2.0% Avg Rent

0.2%

Bach 5.0%

1BR 5.3%

3.1%

$729

$957

-

2.1%

2.1%

2BR 6.5%

3BR+

42%

6th

$1,166 $1,287

22 – theANNUAL

2.0%

TOTAL RENTAL HOUSEHOLDS

3.9%

Primary 2.0%

58%

0.6%

Secondary

Largest Market in Western Canada


15000

Market universe of rental units

Regina

12000 9000

Primary

6000

Secondary

3000

St. John’s

0

28,575 Rate Type Vacancy Rates Average Rents

Oct '19 Oct '20 YOY

Bach

1BR

2BR

49%

3BR+

51% 7.8%

7.5%

$1,035 $1,061

*% Chg -0.5% Avg Rent

9.8%

-0.3%

8.3%

2.5%

$757

$949

1.0%

0.8%

0.5%

7.0%

TOTAL RENTAL HOUSEHOLDS

4.7%

7th

$1,152 $1,332 Primary

0.5%

0.8%

1.3%

Secondary

Market universe of rental units Primary

Edmonton

Largest Market in Western Canada

Secondary

St. John’s

80000 70000 60000 50000 40000 30000 20000 10000 0

151,710 Rate Type Vacancy Rates Average Rents

47% Oct '19 Oct '20 YOY 4.9%

7.2%

$1,144 $1,153

*% Chg 0.9% Avg Rent

2.3%

Bach 8.2%

0.8%

$881

**

-0.7%

1BR 6.9%

2BR 7.4%

53%

3BR+ 5.8%

2nd

$1,031 $1,272 $1,385 Primary

**

**

**

TOTAL RENTAL HOUSEHOLDS

-0.7%

* Estimate of Percentage Change of Average Rent for units reported in both 2019 and 2020. ** Indicates data suppressed to protect confidentiality or data not statistically reliable.

Largest Market in Western Canada

Secondary

theANNUAL – 23


State of the Industry Market universe of rental units

Calgary

100000 80000 60000

Primary

40000

Secondary

20000

St. John’s

0

140,370 Rate Type Vacancy Rates Average Rents *% Chg Avg Rent

30% Oct '19 Oct '20 YOY 3.9%

6.6%

$1,181 $1,195

Bach

2.7%

5.9%

1.2%

$883

**

**

1BR 6.8%

2BR 6.3%

TOTAL RENTAL HOUSEHOLDS

70%

3BR+ 7.3%

3rd

$1,087 $1,323 $1,296 Primary

1.7%

**

**

**

**

Secondary

Market universe of rental units

250000 200000 150000

Primary

100000 50000

Secondary

Vancouver St. John’s

Largest Market in Western Canada

0

348,700 Rate Type Vacancy Rates Average Rents *% Chg Avg Rent

Oct '19 Oct '20 YOY 1.1%

2.6%

$1,469 $1,508

1.5% 2.7%

Bach 2.9%

1BR 2.5%

2BR 2.7%

3BR+

32% 68%

3.6%

1st

$1,258 $1,415 $1,792 $2,206 Primary

4.7%

24 – theANNUAL

2.0%

-2.7%

3.3%

2.0%

1.5%

TOTAL RENTAL HOUSEHOLDS

**

Secondary

Largest Market in Western Canada


Market universe of rental units

Victoria

Primary 0

Secondary

5000

10000

15000

20000

25000

30000

35000

60,745 45% Rate Type Vacancy Rates Average Rents *% Chg Avg Rent

Oct '19 Oct '20 YOY 1.0%

2.2%

$1,221 $1,275

1.2% 4.4%

Bach 2.1%

1BR 2.1%

2BR 2.4%

TOTAL RENTAL HOUSEHOLDS

55%

3BR+ 0.9%

Largest Market in Western Canada

5th

$1,015 $1,185 $1,507 $1,758 Primary

3.4%

3.3%

-0.1%

5.3%

3.7%

3.3%

4.2%

Secondary

Market universe of rental units Primary

Kelowna St. John’s

Secondary

0

3000

6000

9000

12000

15000

21,700 32% Rate Type

Oct '19 Oct '20 YOY

Bach

1BR

2BR

Vacancy Rates

2.7%

Average Rents

$1,222

$1,255

2.7%

$1,038

$1,144

$1,391

$1,596

2.4%

3.4%

1.0%

4.9%

2.2%

3.1%

3.9%

*% Chg Avg Rent

2.1%

-0.6%

6.4%

1.5%

1.3%

68%

3BR+

TOTAL RENTAL HOUSEHOLDS

1.3%

8th Primary

* Estimate of Percentage Change of Average Rent for units reported in both 2019 and 2020. ** Indicates data suppressed to protect confidentiality or data not statistically reliable.

Largest Market in Western Canada

Secondary

theANNUAL – 25

Profile for Marc Cote

theANNUAL National 2021 - State of the Industry  

theANNUAL, theANNUAL National, State of the Industry, CMHC, Rental Rates, Vacancy Rates

theANNUAL National 2021 - State of the Industry  

theANNUAL, theANNUAL National, State of the Industry, CMHC, Rental Rates, Vacancy Rates

Recommendations could not be loaded

Recommendations could not be loaded

Recommendations could not be loaded

Recommendations could not be loaded