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Apartment Rental in Newfoundland

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NL53111CA

Apartment Rental in Newfoundland industry analysis

Revenue for the Apartment Rental industry in Newfoundland And Labrador is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to x,xxx locations over the past five years. Industry employment has decreased an annualized -x.x% to xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to x,xxx locations over the next five years. Industry employment is expected to stagnate an annualized x% to xxx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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About the Apartment Rental in Newfoundland Market Research Report

What’s Included in the Apartment Rental in Newfoundland Market Research Report

Definition of the Apartment Rental in Newfoundland?

Operators in the Apartment Rental industry in Canada act as lessors of buildings that are used as residences or dwellings. Industry participants are owner-lessors of residential buildings and establishments that rent real estate and then act as lessors by subleasing it to others. In addition to apartment rentals, the industry also includes attached and detached houses and row houses.

What’s included in the Apartment Rental in Newfoundland?

The Apartment Rental in Newfoundland includes two-bedroom apartments, one-bedroom apartments, apartments with three or more bedrooms and studio apartments. Related terms covered in the Apartment Rental in Newfoundland industry report includes another name for an apartment or home, the amount of unoccupied real rental units as a percentage of total available rental units and a legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. to qualify as an reit, the entity must distribute most of its pre-tax income.

Industry Performance of the Apartment Rental industry in Newfoundland

Benchmark the Apartment Rental in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Apartment Rental in Newfoundland

#9 in Highest Revenue 0.7% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Apartment Rental in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Apartment Rental industry in Newfoundland

See how key industry drivers, such as median houshold income, private investment in residential construction, private investment in non-residential construction, per capita disposable income, residential renovation expenditure and urban population are impacting Apartment Rental in Newfoundland

Newfoundland Economic Indicators

Median Houshold Income
Private Investment in Residential Construction
Private Investment in Non-Residential Construction

View more economic information in NL State Economic profile

Canada Key External Drivers

Per capita disposable income
Residential renovation expenditure
Urban population

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Apartment Rental industry in Newfoundland

Access proprietary data on Census Metropolitan Area in the Apartment Rental in Newfoundland, such as St. John's, Corner Brook and Grand Falls-Windsor. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Apartment Rental industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Apartment Rental industry in Newfoundland in 2025?

The market size of the Apartment Rental industry in Newfoundland is $461.3m in 2025.

How many businesses are there in the Apartment Rental industry in Newfoundland in 2025?

There are 4,274 businesses in the Apartment Rental industry in Newfoundland, which has been growing at an average annual rate of 2.6% from 2020 to 2025.

Has the Apartment Rental industry in Newfoundland grown or declined over the past 5 years?

The market size of the Apartment Rental industry in Newfoundland has been growing at an average annual rate of 1.3% from 2020 to 2025.

How many employees in the Apartment Rental industry in Newfoundland in 2025?

There are 221 employees in the Apartment Rental industry in Newfoundland, which has been declining at an average annual rate of -1.4% from 2020 to 2025.