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rent in quebec

Here's how much it costs to live comfortably in Montreal in 2024, based on a new ranking

As the cost of living continues to rise in Quebec, many residents are exploring ways to manage the growing impact of inflation — whether by taking on multiple jobs, working extra hours, or seeking financial assistance through the Canada Revenue Agency and Revenu Québec. But would it surprise you to learn that Montreal is actually one of Canada's most affordable cities when compared to other urban centres?

MovingWaldo, a tech company focused on streamlining the residential moving process, recently ranked Canada’s 10 most populous cities based on their affordability. Using data from sources like the Canadian Real Estate Association, Realtor.ca, Zumper, and Numbeo, the report compared the cost of buying a home, renting a one-bedroom apartment, and the overall cost of living in each city.

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quebec cities

These 8 Quebec cities have the cheapest rent prices in all of Canada

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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Canada's rent prices hit an all-time record high and Quebec is actually looking pretty good

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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rent in quebec

Rent in Quebec is rising — here's how cities compare (and where you can still find deals)

If you're thinking about moving, upgrading, or just curious about where your city stacks up in the rental rat race, the latest figures could sway where you want to sign your next lease. Rent in Quebec is all over the map this spring, from surprising spikes in Gatineau to the more predictable pains of Montreal's market.

According to the National Rent Report by Rentals.ca and Urbanation, Canadian rents have seen an 8.8% increase, with the average rent reaching $2,181 as of March 2024. That's a step down from the feverish 10.5% increase seen in February, and a minor relief of 0.6% month-over-month, attributed to seasonal adjustments and a cooling demand in Canada’s priciest cities.

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revenu quebec

Revenu Québec Is Giving Up To $170 A Month For Rent To Eligible Canadians

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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spca montreal

The Montreal SPCA Launched A Petition To Make It Illegal For Landlords To Ban Your Pets

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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