Apartment Rentals Toronto
| The provincial capital of Ontario that is Toronto is Canada's largest city. One of the world’s most multicultural cities, Toronto is also Canada's financial center and 'economic engine,' as well as one of the country's most important cultural, art, and health sciences centers. In comparison to other major North American cities, Toronto is safer as its violent crime rate is one of the lowest among them. Reasons enough to create a great rush for renting an apartment there. As buying a house is unaffordable, housing opportunities for low income people are mostly confined to the rental market. Nearly half of Toronto’s rental stock is conventional (purpose-built) apartments in the private rental sector. The rest comprises rented houses, apartment rentals toronto, rented condominium units and social housing. Over the past decade or so, rise in rentals has been gradual but continuous. According to reports, the average rent for a two-bedroom apartment in Toronto was higher than in any other Canadian Census Metropolitan Area. In spite of an extremely low vacancy rate, it is never impossible to rent an apartment in Toronto provided you do your homework and follow some tested guidelines. To find a suitable apartment, you must be sure about determine your needs, identify problem areas and ask the right questions. Mind you, once you have signed the lease you commit yourself for a year. Price factor To begin with, decide how much you can afford to spend in renting an apartment in Toronto. While calculating, factors in utility costs, parking and your monthly bills. If you have a clear idea about your financial capability, you will be in a position to narrow down your search and save a lot of precious time. For your information, the rent of a one-bedroom apartment in downtown Toronto varies between $700 and $1500 and it is difficult to find one much cheaper than $700 even in the suburbs. Neighborhood Choice of a suitable neighborhood in Toronto for you and your family to live in is a very important consideration. Find out how far it is from your office or your children’s schools. If you don’t mind commuting everyday, is public transportation easily accessible Is it a safe area with less incidents of crime Check also whether it is close to grocery stores, doctor offices and the post office. You may even look for a location where your friends or acquaintances stay so that you can spend some time with them. If you want to rent an apartment rentals toronto, you can choose from Chinatown, Little Italy, The Annex, Cabbage town, and Harbourfront. A hub of students, Chinatown is relatively a cheaper rental area. Like Chinatown, Little Italy is also crowded with mostly older converted houses. The Annex is quite expensive, while most rentals in Cabbage town consist of basement apartments. Located along the shore of Lake Ontario, Harbourfront mostly consists of high-rise apartments with extremely high rents. In the next layer away from downtown Toronto, you can find The Beaches, The Danforth, Riverdale, Forest Hill, Bloor West Village, Rosedale, Parkdale, Leaside, and Queen West. Packed with tourists and shoppers on weekends, The Beaches is ocupied by quaint shops, fashionable boutiques, and excellent restaurants. The Danforth has a distinct advantage because it is right on the subway line. Apartments in Riverdale, an older part of Toronto, are reasonably priced and you will like its family-friendly ambience. Forest Hill is a posh locality of Toronto that does not have much in the way of apartment rentals. However, you can find many modern apartment buildings around the Forest Hill Village area. Apartment rents are generally high in Bloor West Village, a popular Toronto locality. In Toronto, Rosedale is the most expensive area. Apartment rents in Parkdale are still low, but safety at night is a cause for concern. Leaside is a quiet neighborhood, while in Queen Street West you come across the cool, artistic crowd, and a number of student berths. Roommate If you want a roommate as part of your cost-cutting exercise, try to find someone yourself amongst your immediate friends and their friends. Or, you can try a roommate referral service or glance through the classified ads in local newspapers. Be extremely careful in choosing your roommate to that you don’t have to regret your decision for the remaining period of your lease. Type of apartment Decide the type of apartment you need depending on the size of your family and the space you require for your furniture and other possessions. Do you require a one-room apartment or a one, two or three bedroom apartment Remember, the larger the apartment the higher the rent will be. Features and amenities Decide what features you need or desire in your apartment. Are you in need of an on-site gymnasium or a swimming pool or a balcony Do you feel unsafe in the absence of security patrols, video cameras or a controlled-access public entry If you have a clear idea about your requirements, searching for an apartment will become easier. Inspection Seeing is believing. You must visit the apartment and examine it closely for problems. Check the building, the apartment, doors and windows, the kitchen, and the bathroom in particular. Lease Once you have found an apartment in Toronto that meets your requirements, ask the landlord about important details regarding conditions of the lease and building regulations. Ensure that any verbal promises are also included in the lease and do get it in writing. Ask the landlord about longevity of the lease, provision of subletting, the amount of deposit, possibility of roommates, utilities included in the cost of rent, parking space, special building rules regarding pets etc., repairs, emergency maintenance, move-in time etc. Make sure that all names and addresses, dates of occupancy, rent amount, details about money given up front are recorded. How to search You can consult daily newspapers and weekly magazines that can be a good source of apartment listings, both in print and online. You can also use a broker if you can’t take time off work to look at places. There are many Internet sites that can help you choose an apartment rental of your choice in Toronto. Related Articles »
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