Housing: Canada rental market index in the works

Statistics Canada and housing site Rentals.ca are teaming up to create a new rental housing market index.

Rentals.ca announced the data sharing partnership with Statistics Canada on Thursday.

In a press release, the site said the soon-to-be-released Rental Market Industry Index will track trends in the rental housing industry across Canada with a goal of helping landlords and tenants make “informed decisions.”

Rentals.ca will provide StatCan with rental listing data, while the government agency will be “directly responsible for the analysis, aggregation, and development” of the index.