mg100
New Member
Hi
I am trying to understand why the apartments in Montreal are the lowest among the major cities in Canada.
For example, the 2-bedroom rent in Montreal is $700 per month. On the other hand, here are the rents from other metros : Toronto $1100, Vancouver $1200, Calgary $1070, Edmonton $1000, Halifax $900.
I looked at vacancy rates but didn’t find anything abnormal. Montreal – 2.5%, Toronto 1.5%, Vancouver 1.4%, Calgary 1.9%, Edmonton 3.3%, Halifax 2.4% ( these are numbers are approximate)
Can someone please shed some light on this?
Thanks.
I am trying to understand why the apartments in Montreal are the lowest among the major cities in Canada.
For example, the 2-bedroom rent in Montreal is $700 per month. On the other hand, here are the rents from other metros : Toronto $1100, Vancouver $1200, Calgary $1070, Edmonton $1000, Halifax $900.
I looked at vacancy rates but didn’t find anything abnormal. Montreal – 2.5%, Toronto 1.5%, Vancouver 1.4%, Calgary 1.9%, Edmonton 3.3%, Halifax 2.4% ( these are numbers are approximate)
Can someone please shed some light on this?
Thanks.