The new reporting aims to be a reliable source for the rental industry
Rentals.ca has announced a partnership agreement with Statistics Canada to work on a new report on the rental market industry. The Rental Market Industry Index aims to help landlords and renters make informed decisions, as well as help policymakers and government officials address the needs of Canadians, according to a Press release.
The Rental Market Industry Index will track trends in the rental housing industry across Canada. Rentals.ca will provide Statistics Canada the rental listing data, while Statistics Canada will be responsible for the analysis, aggregation, and development of the report.
“In supplying rental housing pricing data to Statistics Canada, we take the responsibility very seriously and we feel that this partnership further solidifies and validates our leading position and authority on asking rent data across Canada,” said Max Steinman, CEO of Rentsync.
“Through this new partnership, we’re able to get data into the hands of institutions, and help policymakers, developers, and the Canadian public as a whole to make more informed decisions to help tackle the rental housing supply crisis.”
The news release described the new partnership as a significant step towards improving transparency and understanding within the rental housing market in Canada. It also said the soon-to-be-released Rental Market Industry Index will be a comprehensive and reliable source for the industry.
Rentals.ca is owned and operated by Rentsync, a SaaS and marketplace technology company based in Toronto that specializes in providing services to the rental housing industry.
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