Spring is here, and so is Canada’s April housing market update

View in browser

Dear ,

As spring blooms in Canada, the rental accommodation market across the country remains hot, fuelled by the continuing arrival of newcomers and international students and a lack of supply of rental properties.

For both pre-arrivals and those who have recently landed, the good news is that the asking rents for all available property listings increased just 1.0 percent in March (and 10.8 percent year over year) to reach an average of $2,004 nationally.

Vancouver remains the most expensive rental market in Canada, with a one-bedroom priced at $2,743 dollars. Toronto is next at $2,506.

But for those of you looking to live in smaller markets, the pricing is better. A one-bedroom in Surrey, B.C., is $1,894, and in Calgary, it's $1,573.

Canada's western provinces continue to have the lowest rent prices by far.

Helping you research and find rental housing in Canada is our mission.

In addition to our Rentals for Newcomers site, where you can register for free and search for your own rental, we now provide the option of renting with the help of a real estate agent or renting a room in a house. It's all free.

All of these are excellent rental options in Canada for you to research.

In this month's newsletter, our city focus is on the popular and diverse GTA city of Brampton, Ontario. Be sure to check it out.

And don't forget to register for our monthly Accommodation in Canada webinar. Make it part of your research.

Please follow us at Rentals for Newcomers, and you can also follow us on Twitter (@rentalsfornewc), Facebook (Rentals for Newcomers) and Instagram (rentalsfornewcomers) and LinkedIn (Rentals For Newcomers).

David Frattini

Managing Partner

Prepare For Canada

Renting Webinar Will Help You Find Your First Canadian Rental Accommodation

Whether you're planning to settle in one of the popular gateway cities such as Toronto or Vancouver, or whether you considering what secondary cities such as Calgary, Edmonton, Halifax, Brampton, Surrey, or Ottawa have to offer, understanding the rental market, rental pricing, and rental options is vital to a successful transition to life in Canada.

Our Accommodation in Canada webinar gives you all of this - and more.

Quick Tips for Landlords and Newcomer Tenants

Newcomers arriving in Canada often form their first transactional relationship with … their landlord. It’s an important one, and worth nurturing whether you're renting in a multifamily apartment building or share part of a house.

Here are some quick tips to help make that relationship work:

Newcomers and Interest Rates Fuel Canada's Competitive Rental Market

It's spring in Canada, and the rental accommodation market across the country remains "highly competitive," fueled by the continuing arrival of newcomers and international students and interest rates.

A new report by Rentals.ca and Urbanization shows that average rents across the country rose just one percent between February and March. That is the first month-over-month increase since November 2022.

Immigration, Lower Rates and Pent Up Demand Will Determine the Direction of the Canadian Housing Market

Farah Omran, Scotiabank's Housing Economist, outlines that scenario in her most recent Monthly Housing report as the Canadian housing market started to show signs of a rebound in March, with demand increasing and monthly home prices rising for the first time since the Bank of Canada launched its fight against inflation by raising interest rates.

So is this the time for newcomers to Canada to buy a home?

Working With a Real Estate Agent in Canada to Find Rental Housing

Why should newcomers consider working with a real estate agent (also known as a realtor) to find a rental?

Demand, competition, expertise, and access to landlords are four obvious reasons (also, doing it by yourself in a new country can create a lot of stress, delay, and wasted effort).

City Spotlight - Brampton

What to Know About Living in Brampton,..

Brampton, Ontario is one of the cities in Canada that you can explore as a place to call..

Best Brampton Neighbourhoods for Renting

Brampton is acknowledged as one of Canada's most popular landing spots..

Choosing a City in Canada for Renting and..

Newcomers to Canada and international students have so many great cities to choose from..

Read About Tenants & Medical Travel Insurance From Prepare For Canada and Aha Insurance

The journey of a thousand miles begins with..

Securing health and renter’s insurance are two important steps. aha Insurance has worked..

Who is eligible for visitor travel and..

Newcomers to Canada and international students arriving in Canada often ask, "Why do I..

Here's What Newcomers to Canada Need to Know..

Newcomers to Canada and international students arriving in Canada often ask, "Why do I..

Upcoming Webinars

May 5th

Arrive in Canada Financially Prepared

REGISTER

May 18th

Renting Your First Home

Register

May 14th

How to Find Accommodation In Canada for Students

Register

May 31st

Your First Weeks in Canada Webinar

REGISTER