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I pay $500 Canadian + electricity/heating ($80) / month for an apartment (half of top floor in duplex) in a good part of town, 20 minute walk from the very best

I pay $500 Canadian + electricity/heating ($80) / month for an apartment (half of top floor in duplex) in a good part of town, 20 minute walk from the very best part. That's 439.43USD including all utilities for a one bedroom, or '3.5' as it is called here (kitchen, living room, bedroom, bathroom). & I know many dozens of people in the same scenario, or who pay less. There is definitely more expensive stuff out there, and you do need to hunt a little bit for this price (usually craigslist etc. is pricey), but I regularly see even bigger apartments go for the price I'm paying. In fact I shit you not, my neighbour who has kept their place since the early 90s, pays 246.22 USD + electric for the same apartment as me. . .

treis 8y ago
Do you have a link to an example? >In fact I shit you not, my neighbour who has kept their place since the early 90s, pays 246.22 USD + electric for the same apartment as me. . . Undoubtedly those that have rent controlled apartments do well. But that does not mean one can go and get an apartment and pay a rate similar to the one that they have.
- RodericDay 8y ago
  Yeah they can, people do lease transfers with other people instead of relinquishing their apartments to building owners.
- broccolistem 8y ago
  >Do you have a link to an example? Like I said, on Craigslist/Kijiji/etc it is difficult to find such a price, or when it goes online, it disappears very quickly. A price like this can be found by walking around and finding "à louer" signs and calling the number. But here is one for $650CAD (492.47USD): https://www.kijiji.ca/v-appartement-condo/ville-de-montreal/3-1-2-nord-villeray-beau-brillant-locataire-de-choix/1417313879?enableSearchNavigationFlag=true https://www.kijiji.ca/v-appartement-condo/ville-de-montreal/... >But that does not mean one can go and get an apartment and pay a rate similar to the one that they have. But when she dies (probably not far away), the place legally must be rented at the same price (+ inflation of one year), assuming no major renovations are undertaken. And if it get's renovated, the price can only rise to a certain point unless the whole building get's demoed. So someone will get it at about that price, eventually, unless the landlord illegally raises the price (which happens).

treis 8y ago

Do you have a link to an example? >In fact I shit you not, my neighbour who has kept their place since the early 90s, pays 246.22 USD + electric for the same apartment as me. . . Undoubtedly those that have rent controlled apartments do well. But that does not mean one can go and get an apartment and pay a rate similar to the one that they have.

RodericDay 8y ago
Yeah they can, people do lease transfers with other people instead of relinquishing their apartments to building owners.
broccolistem 8y ago
>Do you have a link to an example? Like I said, on Craigslist/Kijiji/etc it is difficult to find such a price, or when it goes online, it disappears very quickly. A price like this can be found by walking around and finding "à louer" signs and calling the number. But here is one for $650CAD (492.47USD): https://www.kijiji.ca/v-appartement-condo/ville-de-montreal/3-1-2-nord-villeray-beau-brillant-locataire-de-choix/1417313879?enableSearchNavigationFlag=true https://www.kijiji.ca/v-appartement-condo/ville-de-montreal/... >But that does not mean one can go and get an apartment and pay a rate similar to the one that they have. But when she dies (probably not far away), the place legally must be rented at the same price (+ inflation of one year), assuming no major renovations are undertaken. And if it get's renovated, the price can only rise to a certain point unless the whole building get's demoed. So someone will get it at about that price, eventually, unless the landlord illegally raises the price (which happens).