Despite the existing knowledge that urban rapid rail transit has many effects on surrounding areas, and despite some attempts to understand the links between transit and gentrification, there remain methodological gaps in the research. This study addresses the relationship between the implementation of urban rapid rail transit and gentrification, which is conceived of as an event. As such, an event analysis approach using ‘survival analysis’ is adopted as the statistical analytical tool. It tests whether proximity to rail transit is related to the onset of gentrification in census tracts in Canada’s largest cities. It is found that proximity to rail transit, and to other gentrifying census tracts, have a statistically significant effect on gentrification in two of the three cities analysed. By providing a methodological framework for the empirical analysis of the impact of urban rail transit on gentrification, this paper is a reference for both researchers and transportation planners.