Your Guide to Renting in Canada
Your Guide to Renting in Canada
Are you thinking about renting a place in Canada? If so, you’re going to want to read this! Newcomers often find themselves navigating an unfamiliar rental market, but we’re here to help you get started.
First things first: Did you know that some provinces have rent control regulations? This means there are limits on how much your landlord can increase your rent each year. Being aware of this can save you some money when choosing a property.
Another important point is understanding your lease. Different types may auto-renew, and the notice you’ll need to give to terminate your lease can vary. If you’ve got a month-to-month lease, generally, you’ll need to give a month's notice, but keep in mind that provinces like Ontario require two months’ notice.
You should also be cautious about rental scams. Always make sure that you’re dealing with a legitimate landlord and never pay before receiving a proper rental agreement. If a deal seems too good to be true, it probably is!
Finally, familiarize yourself with condo bylaws if you’re considering renting a condo, as they may have additional restrictions not found in regular leases.
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