We all know that the Toronto real estate market is crazy right now. Affordability is practically nonexistent. That said, there are still many people who want to live in a house but cannot afford to buy. This means finding a house through the house rental agencies.
Renting a house in Toronto sounds like a more affordable alternative to buying, but it’s important to manage your expectations when searching, as the results may not be what you were hoping for.
Expectation: Close to work
Reality: Most jobs in Toronto are concentrated in the urban areas, where most housing is in high-rise buildings. Most residential neighbourhoods are located outside the core, so you won’t necessarily end up within walking distance of work if you want to live in a rental house in Toronto.
Even the single-family homes for rent that are in the urban communities of Toronto are often expensive, and vacancies are typically low.
Expectation: Lots of space
Reality: Many renters opt for a house rather than an apartment unit because of the square footage. The truth is, some of the more affordably priced houses for rent are small. And even if the square footage is bigger than in an apartment, older houses typically have very closed layouts, limiting the amount of useable space you end up with.
The other thing that can end up happening is that the entire house won’t be available for rent, but rather a basement apartment or an upper floor unit. So, you don’t end up with that much more space. Continue reading for more information.
Contact us:
Gottarent.com Head Office
Address: 44 Frid Street
City: Hamilton, ON
Zip Code: L8N 3G3
Phone: 1-888-440-2099
Renting a house in Toronto sounds like a more affordable alternative to buying, but it’s important to manage your expectations when searching, as the results may not be what you were hoping for.
Expectation: Close to work
Reality: Most jobs in Toronto are concentrated in the urban areas, where most housing is in high-rise buildings. Most residential neighbourhoods are located outside the core, so you won’t necessarily end up within walking distance of work if you want to live in a rental house in Toronto.
Even the single-family homes for rent that are in the urban communities of Toronto are often expensive, and vacancies are typically low.
Expectation: Lots of space
Reality: Many renters opt for a house rather than an apartment unit because of the square footage. The truth is, some of the more affordably priced houses for rent are small. And even if the square footage is bigger than in an apartment, older houses typically have very closed layouts, limiting the amount of useable space you end up with.
The other thing that can end up happening is that the entire house won’t be available for rent, but rather a basement apartment or an upper floor unit. So, you don’t end up with that much more space. Continue reading for more information.
Contact us:
Gottarent.com Head Office
Address: 44 Frid Street
City: Hamilton, ON
Zip Code: L8N 3G3
Phone: 1-888-440-2099
