Viewed as an essential source of information on the GTA rental market for condominiums and purpose-built rental projects. The increase in investor purchases and rise in demand from renters has led to explosive growth in the condominium rental sector, with the volume of condominium leases now far outnumbering condominium resale transactions and purpose-built development rising towards a 25-year high. Urbanation monitors rental activity in every condominium project and every purpose-built project developed over the past 10 years, generating precise average market rent per sf valuations - a metric that has become increasingly important as unit sizes have downsized.
The quarterly publication analyzes important trends and reports on key market metrics such as average rents and rents per sf, rental transaction volumes, building turnover rates, listings, average suite sizes, days on market, and purpose-built construction totals and proposed developments - with summaries at the GTA, municipal, submarket and project level.
Each issue delves into the most important issues of the day, answering questions such as: How quickly are rents appreciating? What are current market rents for condos versus new purpose-built projects? Where are developers building new rental? How many condo units are being listed by investors? Which unit types, areas and projects have the most rental turnover, and which achieve the highest rental rates per sf?