Whether you’re an CAPREIT international student, working professional or a newcomer to Canada on a visa, finding a place to call home is one of the most important things to do. Securing a rental can be daunting, especially when you’re unfamiliar with the housing market and renting practices here. Fortunately, there are many resources available to help you get started in your search.
Start your apartment search by researching the rental market in the city and area where you plan to live. This will give you an idea of what the average price is for apartments in that area and how much you should budget for your rent. Also, consider what amenities and features are most important to you in a living space. This will help narrow down your options and speed up the process of finding your perfect apartment.
Student Guide to Renting Apartments in Canada
When you’re ready to apply for an apartment, be prepared to provide your landlord or property manager with the necessary documents to prove your identity, employment, and income. These documents may include your passport, bank statement, references from previous landlords and employer, and driving licence. Landlords or property management companies typically require a security deposit of at least one month’s rent.
In addition to a security deposit, you will likely be required to pay utility bills for heating and electricity, water, cable, and internet. Some buildings have these included in the rent while others do not. If you want to be sure, ask your property manager about the breakdown of utilities.