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Montreal's once-affordable rental market is showing signs of change. While the city has long been known for its relatively reasonable living costs, recent reports show rent prices are still going up and a wave of anxiety is washing over Montreal tenants, changing how many live.
Landlords keep asking more and more for rent across Canada. And people are less and less able to afford them.
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.