Depending on the area or the size of the town, the average rent in Ontario goes from 500 $ for the room to 1200 for one or two bedroom apartment or more for the house.
Basement apartments are usually small and not very warm, ideal for a single worker, they tend to be noisy too because the floor is made of wood and footsteps echo in the night.
One bedroom includes kitchen, living room, bathroom plus one room for sleeping, rent is from 650 to 1200, in large towns like Toronto or closer to city center it can be more than that.
Two bedroom apartment has two rooms plus living room, kitchen, bathroom- rent is from 750 to 1500 $, but these are just some prices in Ontario, there are cheaper or more expensive places too.
Usually the lease is signed for 1 year, the landlord can ask you to pay the whole year if you decide to move out before the end of one year lease, but you can ask them to let you move out if you find someone to take over the lease or you can sublet it.
It is a custom in Canada to pay first month and a last month rent in advance after signing the lease, be prepared to pay this amount when renting your first place.
As a newcomer you will be asked if you can provide someone to sign for you as a warrant in case you cannot pay the rent, usually a friend that lives here or a relative.
If you need to move and you have signed a lease, you have to let your landlord know 60 days before with a written notice or whatever period is in the contract, please read all carefully before you sign, and then afterwards read it again!
If you have any issues with management go to tenant rights board here http://www.ltb.gov.on.ca/en/
or one with tenant rights for your province to find out more.
What you can lease/rent
Basement apartment or room,
you will negotiate conditions with the house owner.
If you plan to rent a place for just a couple of months this is a better option because you can make a deal and don't have to sign a full year lease.
Apartment in a building
Buildings are run by a management, they will want you to sign a one year lease, if you for whatever reason decide that you need to move after 6 months they can demand that you pay for the full year, or they will give you the option to sublet the apartment.
https://www.cmhc-schl.gc.ca/en/co/reho/yogureho/fore/moou/moou_004.cfm
If you are taking over a sublet this means that you are not the primary signer of the lease, someone else is,and that you will be sharing the place or renting from him, not from the management, if you decide to sublet a place it would be wise to create a sublet contract and sign it with a person who is taking over the room or apartment, otherwise you will be responsible for damage they make and have to pay for it to the management.
A house
You can rent a house from the owner or from the management corp., this will cost more than an apartment, you will need to pay the utility bills, but you are not responsible for repairs and maintenance unless the damage is your fault or the contract doesn't specify that, always read the contract carefully and thoroughly.
You can find a sublet- a room, an apartment or a part of the house can be sublet.
Types of property in Canada
freehold- usually this would be a house that is owned by the owner, where he is a sole owner and pays bills and taxes etc.
condo- in most cases apartments are condos, or condominium that means that the owner is required to pay a condo fee monthly for maintenance to the condo corporation who is the owner of the building where you are the owner of the apartment unit or the land on which you buy your house. Condo can also be a house or a townhouse.Condominiums exist in most parts of Canada though more common in larger cities. They are regulated under provincial or territorial legislation and specific legal details vary from jurisdiction to jurisdiction. In most parts of Canada, they are referred to as Condominiums, except in British Columbia where they are referred to as a strata and in Quebec where they are referred to as syndicates of co-ownership.
Co-op real estate- A housing cooperative, or co-op, is a legal entity, usually a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure. Housing cooperatives are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family ownership, condominiums and renting.
The corporation is membership-based, with membership granted by way of a share purchase in the cooperative. Each shareholder in the legal entity is granted the right to occupy one housing unit. A primary advantage of the housing cooperative is the pooling of the members’ resources so that their buying power is leveraged, thus lowering the cost per member in all the services and products associated with home ownership.
Types of housing
Apartment
Row house or townhouse
this is a house in a row of other units that look like houses, attached to each other. In each you share a wall on either side with the people who live beside you. Often, especially in cities, there may also be a smaller unit above each townhouse, so there could also be someone living above you or below you. Townhouses (sometimes called row houses) are usually 2 or 3 levels tall (each level is called a ‘storey’).
Detached House
This is a house that stands on its own. It is often referred to as a ‘detached’ home and tends to be the most expensive type of home to purchase due to the land costs. You own both the house and the land it is on. When your house needs repair or maintenance, you must pay for it yourself. House owners must also pay the monthly bills for water and heat, as well as their other bills (like telephone and cable television). Owners are free to make changes to their house, inside and out, but they must obey local bylaws and apply for renovation and building permits when necessary. Single houses appeal to a wide array of people, including families with children and generally provide more space and privacy than other unit types.
Semi
This is a home joined to another on one side. Owners are only responsible for the care and maintenance of their own side, just like a detached house. Owners of semi-detached homes own their side of the property, including the land it is on, and are responsible for its care and maintenance, according to local bylaws.Semi-detached houses are usually less expensive than fully detached houses, although, like all real estate, this depends on the area.
Duplex/Triplex
A duplex/triplex is a building that is divided into multiple units, each household has its separate entrance and is responsible for the care of its own unit. Typically, you would buy the entire property and rent a unit to help offset your mortgage payments. Types of homes that are ‘duplexed’ or divided into two or more separate living units may be detached homes, semi-detached or even row houses.
useful links
http://www.padmapper.com/
http://www.gottarent.com/
www.viewit.ca
www.mls.ca
www.kijiji.ca
No comments:
Post a Comment