Renting a house is an essential endeavour that needs to be done carefully since you will be looking for a place to live where you will spend most of your time. You would need to spend some time because you want specific features, such as utilities, neighbourhood, etc., in your living place.
Canada, the second-largest country, has a land area of about 9.98 million square kilometres. Its economy is industrialized and expanding quickly. It is one of the wealthiest nations, delivers the highest standard of life, lowers taxes, and has an inflation rate of 2.3%, all while boosting its economy. When renting an apartment in Canada, CAPREIT apartments provide the best accommodation opportunities in thriving neighbourhoods and provinces such as British Columbia, Alberta, Ontario, etc.
So, when looking for a rental property, remember the following points that will help you get the place of your dreams.
Types Of Rental Property
When it comes to renting a property, you can have different choices:
Apartment
Apartments come in different sizes, including one-bedroom, two-bedrooms, etc.; you can find one in a high-rise building with an elevator or a low-rise building. You can also get several amenities, including underground parking, on-street parking, etc. CAPREIT apartments ensure that the residents can take advantage of on-site laundry rooms, garage parking, etc. There are high-end amenities, too, such as exercise centres,in-suite laundry, swimming pools, contemporary kitchens, etc.
According to the 2021 World’s Best Cities Report, six cities in Canada are in the top 100 cities. The quality of life for Canadians is higher, and they have access to first-rate medical facilities, top-notch educational institutions, and a thriving economy. During the projected 2022–2027, the residential real estate market is anticipated to post a CAGR of more than 10%. One can say the housing market is booming.
So, buying a house can be expensive, and people opt to rent an apartment or house. Apartment living has several benefits, such as secure entry, social amenities, maintenance, etc.
House Rental
House rentals consist of townhouses, single-detached homes, etc. A house offers the benefit of extra space as well as access to outdoor areas, including patios, lawns, gardens, and parking. It is better for those who want ample space.
Consider The Utilities
The price of utilities is another significant factor! You will probably need to pay for other monthly expenses like gas, water, and other utilities. You must check out your lease to see what utilities you are responsible for paying. So, before you sign the lease, check it out with your landlord if you have any concerns regarding who is responsible for what.
Check Out The Neighbourhood
You should pick a welcoming and secure neighbourhood. First-time tenants often decide quickly and sign a contract before thoroughly investigating the community. Avoid rushing the rental procedure. Visit the neighbourhood/societies at various times of the day before committing to an apartment.
Consider The Accessibility And Proximity
This one is very crucial. It is so since the apartment you’re renting needs to be close to your workplace, your school, etc. Therefore, it must be close to the locations to which you need access. These locations include your office or school, the bus or train, public transport, the grocery store, malls, and other locations.
Conclusion
Check out the factors mentioned above before deciding to rent a residential property. Focusing on the neighbourhood and your proximity to amenities like public transportation, place of work, parks, etc., it’s also vital to consider the rental property’s interior. So always make sure to inspect the amenities, facilities, utility conditions, etc.
Read also: Factors to Consider When Renting a House in Kenya
