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quebec rent

A recent report revealed Canada's 10 best places to be renter — and Quebec absolutely dominated the list. However, with this ranking, the best places to rent weren't necessarily the cheapest places to rent.

The study from online real estate marketplace Point2Homes examined 24 metrics spanning three categories: "housing & economy," "quality of life" and "community," which means factors such as safety, air quality, walkability, commute time and access to nature were taken into account in order to determine the results.

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This year's unofficial Montreal Moving Day — July 1 — has reportedly left hundreds of local renters without leases, as eviction numbers soar and tenants face unaffordable housing options.

But if you're considering fleeing the province in search of cheaper living expenses, you might want to hold off for the moment. A recent report from Urbanation & Rentals.ca shows that rent prices nationwide have hit an all-time record high, and you're probably better off in Quebec than many other provinces.

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The cheapest places to retire in Canada were recently ranked and one city in Quebec managed to take the top spot.

Travel + Leisure released its list of the 10 Cheapest Places to Retire in Canada and Quebec City ranked number one, proving itself to be an enticing destination for Canadian seniors.

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It's no secret that the rising cost of living has significantly influenced the spending habits of Canadians coast to coast. Within Quebec, various financial aid programs cater to low-income residents, such as the solidarity tax credit, social assistance, and the basic income program.

Factoring in expenses like annual rent, groceries, utilities, transportation, phone bills, and internet services, IRIS' income report calculated that a lone Montreal resident would require an income of $32,252 in 2023. However, it's important to note that this figure may not accurately depict the circumstances of every individual in Quebec.

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Montreal's once-affordable rental market is showing signs of change. While the city has long been known for its relatively reasonable living costs, recent reports show rent prices are still going up and a wave of anxiety is washing over Montreal tenants, changing how many live.

Rent hikes in Quebec

Recent data from the National Rent Report by Rentals.ca and Urbanation shows that out of 35 cities analyzed for average rent prices, Montreal took 21st in the country for rising rent costs.

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To the surprise of no one, the cost of living has had a major impact on people's spending habits. For many Canadians, prioritizing savings or seeking financial aid has become essential. The Quebec government offers a range of financial aid programs for low-income residents including a solidarity tax credit, social assistance, and the basic income program, to name a few. Additionally, residents have the option of applying to the provincial Shelter Allowance Program, designed to assist those struggling to cover their rent.

The income required for a single Montrealer to live comfortably rose by 9% between 2022 and 2023, according to the Institut de Recherche et d’Informations Socioéconomiques (IRIS), which published the 2023 edition of its sustainable income report earlier this year. Considering factors such as annual rent, food, utilities (Hydro), transportation, phone, and internet services, IRIS determined that a Montrealer living alone would require an income of $32,252 in 2023. However, this figure may not reflect the reality for everyone in Quebec.

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Landlords keep asking more and more for rent across Canada. And people are less and less able to afford them.

Between February 2022 and February 2023, the asking rent on apartment listings increased by a whopping 9.7% on average nationwide, reaching $1,984, according to the latest report from Rentals.ca and Urbanation.

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Apartment dwellers will feel the squeeze this year in Quebec. According to a market forecast by Desjardins, the average Quebec rent could surge by as much as 10% in 2023 as new unit construction stagnates even amid an increase in demand.

Desjardins forecasts the provincewide vacancy rate, the number of empty apartments as a share of the total number of units, could therefore plummet to just 1%, compared to 1.7% in 2022.

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Quebec is the clear winner and Ontario is the loser in a ranking of the cheapest Canadian cities for renters. The ranking of renter costs by the site Point2 is based on 2021 census data from the country's 50 most populous cities and includes evaluations of rent, heating, electricity and water prices.

Cities in Quebec dominate the top 10, all of them with costs under $1,000/month in 2021, according to Point2. Conversely, Toronto cities occupy eight of the bottom 10 spots.

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Rent, like the price of everything else, is probably going to increase for many Quebecers. The province's housing authority has released its breakdown of costs landlords should weigh when determining rent in 2023. Tenants' actual rent adjustments will vary. Landlords can make changes based on their own situations. And renters have a right to contest those changes.

But following its 2023 guidelines, the Tribunal administratif du logement (TAL) says a tenant in a hypothetical $1,000/month unheated apartment could see their rent increase by 2.3%. A hypothetical 5% municipal tax increase could mean a rent hike of more like 2.9%

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Landlords were asking for an average of $1,544 in rent for one-bedroom Montreal apartments in November, up 0.7% in the last month and 2.9% in the last 12 months, according to the latest rent report from Rentals.ca and Urbanation. Other Canadian cities have fared far worse. Montreal was only the 25th most expensive market in the country.

Cities in Ontario make up the bulk of the list's top spots. Provincewide, listed rents for one-bedroom units have increased by a whopping 17.7% year-over-year, compared to only 3.3% in Quebec, the report states.

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It’s a doggone travesty — Montrealers are discarding their cats and dogs at shelters because there's not enough pet-friendly housing, according to the SPCA.

"It's a problem every year," said Sophie Gaillard, director of animal advocacy and legal affairs at the Montreal SPCA. "Near moving season, we're flooded with calls from people that are not able to find housing that allows them to keep their animals. They're basically asking for help."

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