Renting in Toronto
The Journey to Finding Your New Home.
Whether you have experience renting, or this is your first time, the renters’ market in highly-sought after Toronto can be a difficult feat. Securing a rental property, or even unit in Toronto can be as challenging, if not more challenging, than purchasing real estate.
When searching for a Toronto rental, always do your homework, be prepared, and make informed decisions.
Now that you have an understanding of the different property types available for rent in Toronto, and the average monthly price for each, it’s time to start your search for your dream rental. There are two main ways to search for a rental in Toronto:
Looking for a rental yourself.
There are tons of online resources to help you find a place for rent in Toronto. Craigslist and Kijiji, although widely used, tend to be a cesspool for scams. Make sure to never give a deposit before physically seeing the apartment and confirming that the person you’re talking to does, in fact, own it. And if it seems too good to be true, it probably is.
Pro Tip:
Viewit.ca is a great website with high integrity compared to free classified sites. Listings on Viewit.ca also feature lots of photos, giving you an accurate idea of what the place actually looks like. Landlords pay to advertise on Viewit.ca, which greatly reduces the chances of being scammed. Another credible website is Pad Mapper.
Hire a real estate agent to help.
Of course, you can always work with a licensed realtor to help you find the perfect Toronto rental for you. There are thousands of homes listed with real estate agents, and a good agent can help you identify great properties and neighbourhoods, as well as help you negotiate the price and terms of your lease. The best part? The landlord pays the agent’s commission, so you can have an expert represent your interests for free!
Need an agent? Find one here!
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