Canada Mortgage and Housing Corporation (CMHC) conducts the Rental Market Survey(RMS) every year in April and October to estimate the relative strengths in the rental market. The survey is conducted on a sample basis in all urban areas with populations of 10,000 and more. The survey targets only privately initiated structures with at least three rental units, which have been on the market for at least three months. The survey collects market rent, available and vacant unit data for all sampled structures.
The survey is conducted by a combination of telephone interviews and site visits, and information is obtained from the owner, manager, or building superintendent. The survey is conducted during the first two weeks of April/October, and the results reflect market conditions at that time.
Data tables in this publication result from CMHC’s Rental Market Survey and provide a snapshot of vacancy and availability rates, and average rents in both new and existing structures.
A letter code representing the statistical reliability (i.e., the coefficient of variation (CV)) for each estimate is provided to indicate the data reliability. CV of an estimate is defined as the ratio of the standard error of the estimate to the estimate itself and the CV is generally expressed a percentage. For example, let the average rent for one bedroom apartments in a given CMA be x̄ and its standard error be σ x̄. Then the Coefficient of Variation is given by CV = σx̄ / x̄.