A liv.rent report shared with MTL Blog offers a snapshot of that phenomenon. The report shows that the average rent for an unfurnished, one-bedroom apartment is now above $1,000/month — in some cases, well above — in nine of Montreal's most popular boroughs and neighbourhoods.
Here's the breakdown:
Downtown Montreal: $1,437/month for an unfurnished, one-bedroom apartment
"Overall, the City of Montreal saw 990 $1 million–plus residential real estate transactions," including condos, attached and single-family homes, "in the first half of 2021, an increase of 112% from the same period in 2020," the report states.
Though sales in $2 to $4 million homes in Montreal rose by 138%, sales in $1 to $2 million homes made up the largest share of sales overall, with 807 Montreal properties sold in the first half of 2021, Sotheby's says.
Sales in properties over $4 million more than doubled between 2020 and 2021 — just six were sold in the first half of 2020, compared to the 14 properties sold in the same period in 2021.
The report said that according to the Quebec Professional Association of Real Estate Brokers, on average, selling a residential property in Montreal during the first quarter of 2021 took approximately 44 days, compared to the 68 it took to sell a home less than a year prior.
It's been fifteen months since the pandemic arrived in spring 2020 and Montreal is a much emptier place, according to new data from LinkedIn.
By comparing the number of LinkedIn members who moved within the country between 2019 and 2020, the online service's Workforce Report for Canada shows Montreal's "inflow-outflow ratio of residents" (defined as the "number of inflows to a city for every outflow") shrank a colossal 21%.
Greater Toronto (-12.2%), Hamilton (-18.9%) and London (-7.8%), also saw declines in their inflow-outflow ratios, compared to before April 2020.
"While big cities like Montreal and Toronto were hit hard by an influx of cases and spent much of the year in lockdown, Halifax and the broader Atlantic region has fared relatively well," the report explains.
The report doesn't affirm the classic argument that the majority of those departing Canada's cities are fleeing to more affordable provinces like New Brunswick.
That's because the inflow-outflow ratio of pricey Vancouver increased by 10.5% and Halifax's rose by 39%.
Gender and sexuality identified as areas of difficulty
The school board passed a resolution at the end of March, banning the use of the n-word in its schools.
Testimony solicited from the public included accounts from both students and parents that shared their challenges and difficulties in LBPSB schools.
Through the accounts, the task force identified four major "recurring themes":
Gender stereotypes that dictate what is "appropriate" for boys and girls
Gender stereotypes that produce a "narrow understanding" of masculinity
Gender-based double standards
Bullying linked to gender and sexuality
The report found that schools' dress codes singled out girls by forbidding them from wearing spaghetti-strap tank tops, short shorts and crop tops, explicitly banning "clothing that is unnecessarily sexualised" and "skimpy or revealing clothing."
Parents offer accounts of sexism, racism, transphobia and homophobia
One parent said they raised their seven-year-old daughter without gendering her toys, but after attending first grade at an LBPSB school, she began to tell her parents that some toys were only for boys.
Another parent said, "My son loves the colors pink and purple, but he constantly tells me he doesn’t want to wear t-shirts in those colors to school because people have told him (other students) that those are girl colors."
Mothers of Black sons that attended LBPSB schools — which have a predominantly white student body, according to the report — said they felt their sons were being subjected to racism by teaching staff.
"One boy told his mother that his teacher just doesn’t like him because he’s Black [...] On one occasion in particular, the young man was suspended because the teacher said that she felt 'threatened' by him, however, the young man said that he didn’t do anything but ask why she was sending him down to the office," the report read.
The full report, including the Task Force's recommendations, is available here.
While the other major Canadian cities saw extraordinary fluctuations in the cost of rental properties after a chaotic year, Montreal's market remained hot.
Year-over-year rents are down 2.2% in the Montreal CMA, according to a report from Rentals.ca and Bullpen Research & Consulting. But looking more closely, this has not resulted in savings for apartment dwellers.
While the average rent for a condo declined 5.4% to $1,895 per month between May 2020 and May 2021, the average rent for an apartment increased 1.3% to $1,634 per month.
For comparison, Rentals.ca said the average apartment rent in May 2019 was $1,354.
Furthermore, the report showed, "the average rent per square foot for rental apartments experienced a 16.4% annual increase, moving from $2.08 psf in May 2020 up to $2.42 psf in May 2021."
The report predicts rents will continue to rise as the pandemic-battered economy begins to recover: "As the vaccine becomes more readily available, and the country starts to open up again, the recent increase in monthly rental rates across the country suggest a slow return to normalcy in Canada," it concluded.
"As the borders open to further immigration, international students and tourism, rental rates are expected to continue to rise. The fall of 2021 could be a busy season for landlords."