Friday, August 5, 2016

"How does Montreal maintain its enviably low rents?"


The average rent for a two-bedroom apartment in the Montreal metro area is $760. The Toronto average is $1,288. In Vancouver, it’s $1,368.


This, in miniature, is the story of Montreal’s improbably cheap rent: ample but antique housing stock; a sluggish economy; and a language barrier that puts a soft cap on population growth.


As anyone who has visited the city can attest, it’s full of three-storey walk-ups festooned with spiral staircases.