Montreal rents to rise 6 per cent by finish of 2021, predicts on-line itemizing website


Leases.ca says rental costs will decline for the subsequent few months earlier than surging within the later a part of the yr.

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The web itemizing website Rentals.ca says it predicts rental costs will decline for the subsequent few months earlier than surging within the later a part of the yr.

In its third annual rental market report, the positioning stated it expects nationwide rents will improve by three per cent, and that Montreal will exceed that nationwide common with a six per cent improve anticipated.

Actually, Montreal’s rents will see the most important soar amongst giant cities, with Toronto rents anticipated to climb simply 4 per cent, whereas Vancouver’s rents will rise by three per cent. Rents in Calgary are anticipated to stay steady.

“In lots of markets, rents have dropped to the purpose the place tenants can lease an condominium with a further bed room for a similar hire as they have been paying final yr,” Matt Danison, CEO of Leases.ca, stated in a press release.

Ben Myers, president of Bullpen Analysis & Advertising, stated it seems tenants have some negotiating energy over landlords, because the variety of listings has elevated considerably whereas tenants are not constrained by their commute and are looking for cheap lodging, or extra space.