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toronto rent

montreal vs toronto

We asked people what Toronto does better than Montreal and some of the answers hurt

Montreal and Toronto. A rivalry as old as time.

Whether it's the Habs and Leafs throwing down on the ice or the endless debate about bagels, public transit, or who has the better universities, people love picking sides.

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Finding An Apartment To Rent Could Soon Suck Even More For Canadians – Here's Why

The rising cost of rent may soon be less of a worry than securing your next stay when it comes to housing woes in Canada. Although the country's supply of purpose-built rental units is growing at its fastest pace in seven years, pressure on the rental market remains through the roof, especially with immigration targets set at record levels.

A recent RBC report warns that Canada's rental housing gap — the difference between the projected rate of rental availability and the number of homes required to achieve balance — could quadruple the current deficit, falling 120,000 short by 2026.

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Bonkers Rent Increases In Canada Are Outpacing Wages — Here's Where You Might Be Most Screwed

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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A Ranking Of The Cheapest Canadian Cities For Renters Dropped & Ontario Just Sounds Like Hell

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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montreal apartments

Montreal Rent Is Up Again But Not Nearly As Much As For Those Suckers In Toronto

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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Here's How The Cost Of Living In Montreal Actually Compares To 6 Other Canadian Cities

Canada: land of the free and home of the seriously indebted. Amid record inflation, the cost of living in Canada has soared from unreasonable to holy-sh*t-holy-sh*t-holy-sh*t.

In Montreal, once a bastion of affordable living in an otherwise unaffordable country, residents have hunkered down in the face of skyrocketing prices, consoled by the certainty that they at the very least have it better than Canadians in other cities… right?

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rent montreal

Montreal's Average Rent Finally Dropped After A Continuous Surge Since March, Report Says

After months and months of continued increases, totalling more than $200 in price hikes since January, the average Montreal rent for an unfurnished one-bedroom apartment fell by $22 in July. This places the new average at $1,517 per month. That average only crossed over the $1,500 threshold in June, according to recent reports from liv.rent.

The months-long price increases in Montreal were largely echoed in the Vancouver and Toronto housing markets, according to the full report. This isn’t necessarily comforting — all three cities are in active housing crises. But unlike Montreal, both cities saw average rents increase in July, liv.rent says.

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