When it comes to rental canada, there are many norms and requirements to consider. Arrive’s guide breaks down some of the main aspects of renting in Canada, including what renters should expect to pay for their living expenses, as well as the legal standards and process that must be followed when entering into a lease agreement with their landlord.

Rental prices vary widely across Canada, with the average cost of a one-bedroom apartment at $2,202. A variety of factors determine the price, including proximity to a major city or workplace, availability of public transportation options and crime rates.

Rental Properties in Canada: A Comprehensive Guide

Generally speaking, it is recommended that renters set aside 30% of their monthly income for housing costs. In addition to the base rent, additional expenses should be taken into account, such as air conditioning and heating, electricity (averaging $50-80 CAD per month), and water.

Landlords typically require tenants to sign a lease agreement, with specific terms and conditions outlined. This document should clearly state the amount of the rent in Canadian dollars, who is responsible and involved in the lease agreement, what is included and not included in the rent, and the conditions under which either party can end the lease.

Depending on the province, the standard lease may also stipulate that landlords must meet minimum health and safety standards. Landlords are allowed to increase the rent with proper notice, but most provinces have a maximum limit. It’s important to note that rent increase limits can change from year to year, depending on the market.