Why are apartment rents cheap in Montreal compared with other big cities in Canada?

Question

Apartments in Montreal are significantly cheaper than Vancouver, Calgary, Toronto and Ottawa. Why is that? Montreal rated a respectable 21st place in Forbes "Best Cities of the World to Live in."

Answer 1

Yes, it's supply and demand. Cities such as Vancouver, Toronto, Calgary and elsewhere attract far more new residents to them then Montreal does. There are multiple reasons for this, but as a reasult there are far fewer available places in those cities as compaired to Montreal.



I currently live in Montreal, and one of the things that shocked me when I first arrived was, not only are places so cheap, but very often you see deals like 'first months rent is free', and other perks. You can't take a walk in Montreal without seeing tons of 'logement a louer' (place for rent) signs everywhere. Also, I was never asked for a reference to rent an appartment, wheras in Vancouver (where I am from) you could not even dream of renting a place without multiple references.



So, yes, basically, supply and demand. There are far more vacant places here in Montreal, so the price drops. This is also great because you, as the renter, can be choosey. Whearas in Vancouver, you take what you can get, here in Montreal it's much easier. :D



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I was skirting that particular issue, but Capitalgentleman is spot on. After Bill 101 and the referendums, there was an exodus from Montreal, from both big bussiness and anglophones. Through the 80's and 90's Montreal was a city in a state of decline, truly a dying city. Even The Bank Of Montreal left Montreal in all but name (BMO maintains its official legal corporate head office in Montreal, located on Saint-Jacques Street. However, the Chairman and President and most senior division executives work out of Toronto headquarters at First Canadian Place. Under the direction of the Toronto executive, the Montreal Place d'Armes office oversees the bank's economic (and, to some extent, political) relation with the province of Quebec.) There has been some effort in recent years to clean up the city (Quartier International for example), but many areas of the city still look like some 3rd world waste land. Abandonned boarded up buildings and the likes.



Yes, Quebec does have higher taxes then the rest of Canada, however, in this regard, it does not work out. Rent in Montreal is still laughably cheap when compaired to any other Canadian city.

Answer 2

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Answer 3

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Answer 4

Because real estate values have been lower there for a long time. Montreal is a nice city but people don't tend to move to it from other parts of Canada. Everyone wants to be in Vancouver because of the scenery and climate, they go to Calgary, Toronto and Ottawa for jobs, and that raises the prices. Supply and demand.

Answer 5

Prices of apartments are under the control of the Rental Board. Reggie des Lodgements.

the metro area is growing, as many cities, suburbs are growing. Metro area of a little over 4.0 M.

the city proper is 1.7 M. the city is still growing and densifying. It,s not about the Exodus out of the metro area.

there is more choice in the city proper because families are leaving the congested city for the expanse of suburbs.

Mostly all other Canadian cities from almost their founding evolved with suburbs, not so for MTL. The urban fabric in MTL is older and very different from other Canadian cities it was a city designed for horse and carriage.

the area only really started growing suburbs in the 50's, they grew very slowly, but in the past 15 years,

Montreal suburbs have exploded.

Answer 6

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Answer 7

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In short YES. Woman in Montreal are very "friendly". However not all of them speak english. Best bet is to go out and hit the clubs on st. laurent. Crescent st. is mostly toursits. I have traveled all over the world and Montreal has some of the hottest and most laid back ladies around. There is a definite libral sexual culture here.

Answer 8

Montreal is dying in many respects. When the strict language laws came in, many businesses, and people (mostly Anglophones) left. Head offices of major corporations moved from Montreal to Toronto, in large part to escape the language hassles. Thus, there is not the demand from rising populations in Montreal. You can get some really nice places, right downtown, for far, far less than the equivalent in another city. However, unless you speak fluent French, forget about getting a decent job!

Answer 9

oh well i guess its a good thing? haha i lived in montreal its cheap because other parts of canada haev better climate, more job offers and such

Answer 10

Man, it's easy anywhere in Canada.

Answer 11

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Answer 12

The low prices can be deceiving. Property taxes in Quebec (and all other taxes) are higher than in any other province, so cost of living works out to be about the same.

Answer 13

because of the separation problems of the past it reduced the values of the homes

Answer 14

because france is cheaper than uk