Residential Rental Market

• Individuals are concerned about their ability to pay their rent if they have been laid off as a result of COVID-19. Governments are providing various means of income support to alleviate this situation.
• Monthly rental payments are approximately $100 million in Atlantic Canada.
• About 27% of Atlantic households are renters rather than homeowners.
• Average monthly income of lessors of residential dwellings in 2018 (including rent and other income) was $165 million.

For more information on how COVID-19 is impacting the residential & non-residential market, see our industry assessment page.