We can reap some interesting insights when looking at the rental market from the macro level – such as the fact that a one-bedroom apartment is nearly 50 per cent more expensive to lease in Toronto versus Montreal or that it costs a mere $384 to rent a studio in Troi-Rivieres, Quebec; the “cheapest city to rent” a bachelor in Canada.
When it feels like the Canadian dollar is becoming more and more like monopoly money everyday, there is — at least — good news on the horizon for renters.
Vacancy rates are going up in many metropolitan centres across the country and rent prices are remaining stable or dropping.
Toronto is Ontario’s largest city. It’s a metropolis with incredible culture, a great nightlife, and tons of options for every renter. If you want to live in a diverse city that can offer shopping, entertainment, art hubs, and an urban lifestyle, Toronto is a fantastic bet. Here are some things to keep in mind before making the big move to T-Dot.