Everything You Need To Know About Renting An apartment in Canada

13 Nov 2018 · by ChrisSampaio

Whether you are moving to Canada or you already live there, you need to plan your apartment search process. Just like in the US, you need to have time to check out apartments before deciding on the one to rent. There are many rental accommodations in Canada ranging from apartments to condominiums and main houses. An apartment may be available for rent entirely while in other cases it may be divided into units. A house that is divided into units may require sharing resources such as bathrooms and the kitchen. Most importantly, utilities such as water and electricity may not be part of the rent. You need to clarify such factors with your agent before paying for the house. 

How To Find Rental Apartments in Canada

There are several options to use when looking for an apartment. You can decide to look for an apartment manually. This is a tiring process but also one of the most effective. Identify the neighborhood you want to live in and take a walk around looking for vacant properties. You can also use the services of an agency to find vacant properties within the given locality. 

 The other option is to use classifieds in magazines, local newspapers, libraries, and classified ads websites such as Craigslist and HomeAds. Other online platforms include social media sites such as Facebook and Instagram. Facebook groups are effective in tracking down apartment buildings for rent. You can check out https://www.homeads.ca/apartment-building-barrie for the latest rental apartments listings in Barrie and Ontario at large. 

Requirements When Renting An Apartment In Canada

If you are looking for an apartment to rent in Canada, there are important documents that you must produce. The requirements may vary from one apartment to another. For instance, to rent an apartment building Barrie, you must produce a letter from your current employer. Other documents you may be asked include a bank statement, a reference letter from recent landlords, driving license, among others. Obtaining such documents may be difficult for those arriving in the country from abroad.

Canadian Lease Agreements

 There are many factors that go into the lease agreement. If you are looking to rent an apartment, you need to find it a few weeks in advance. Most rental properties in Canada start on the 1st of the month. There are a few Landlords who offer rentals starting on the 15th of each month. 

If you are looking to rent a house within a busy city, you must be ready to pay at least half a month’s rent as a security deposit. You should also make inquiries before moving into a house on whether it is furnished or not. Most houses in Canada are not furnished; therefore, you should have a budget for house furnishing too. 

Unless otherwise, you will have to sign a lease agreement for at least one year. Once the lease period expires, you may renew it for a similar period or switch to a monthly payment plan. You should discuss such factors with your landlord before signing the lease agreement. 

Local Authority Rules

There are other factors that do not depend on state laws. For example, rules on rent increases vary depending on the province. In certain places, the rent is subject to annual increase at a certain percentage. For example, if you rent an apartment building Barrie, in Ontario, you must be ready to pay an increase in monthly rent after 12 months. Landlords are expected to give the tenants a 3 months notice before increasing monthly rent. However, the increases are usually marginal. The increase for this year is estimated to be between 1 and 2 percent. The maximum allowed increase in most states is 4 percent. 

Large cities also have various policies on water usage and waste disposal among other factors. When you are looking for a rental apartment, find out the locality you are going to live in. Make inquiries in advance so that you know what to expect. 

Conclusion

 For you to get the best rental apartment anywhere in Canada, you need to plan in advance. Start by finding out the basic information about your preferred locality. Once you are certain about where you want to live, start the search process. Make sure you have the necessary documents and plan your move some week early to carter for inconveniences.


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