Housing
Reading Between The Lines of Montreal’s ‘Cheap’ Rents
Compared to Toronto and Vancouver, Montreal’s real estate market looks enviable—but its rents are shaped by factors other cities can’t replicate.
In 2017, the average cost to rent an apartment in Toronto was $1,300 CAD a month. In Vancouver, it was $1,297. But in greater Montreal that number was $766.
It’s a startling difference for a city that requires little quality-of-life compromise to live in. Montreal has an enviable vibrancy and cultural richness and one of the highest rates of restaurants-per-capita in North America. It is smaller than Toronto but larger than Vancouver, the two hottest real estate markets in Canada.