Toronto - financial capital of Canada:
Toronto is financial capital of the country and provincial capital, too. A variety of factors influence rent prices in Toronto. The major ones are vacancy rates, rent control guidelines, and most
importantly Toronto’s housing market. Over the past decade, the housing market has been hotter than ever with housing prices increasing 33% between 2016 and 2017 alone. This causes a huge surge of demand in the rental
market as many potential first-time home buyers are priced out of the market.
Toronto city has ontario lake on one side and is surrounded by five big cities, namely, Mississauga, Brampton, Markham, Oshawa and Vaughan, and towns such as Richmond Hill, Milton, Oakville, Ajax, etc. together forms Greater Toronto Area (GTA). Almost fifty percent of total Ontario province population lives in GTA. Toronto city is well connected by Go Train & Buses with surrounding cities and towns, making downtown reachable within one hour travel distance. The suburbs of Toronto city are well linked by under ground subway trains and TTC buses.
Vancouver - world's top fifth livable city:
The average rental asking price of a one-bedroom apartment in Vancouver has gone up yet again in what some might call the least surprising piece of news this week. The rental market continues be very tight in the Vancouver Census Metropolitan Area (CMA), with
the vacancy rate for purpose-built apartments remaining below 1% to stand at 0.9% in 2017. In general, vacancy rates moved up slightly in more expensive areas and either remained flat or fell slightly in more modestly priced areas.
Metro Vancouver is a federation of 22 municipalities. City of Abbotsford, Burnaby, Coquitlam, Langley, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, Surrey, and White Rock form Greater Vancouver, also known as Metro Vancouver and they boundary of area touches USA border. Climate in downtown vancouver area is mostly warm an humid in all year around and there is hardly any snow falls in downtown area. Climate in 50 Km outside of the perimeter of Vancouver downtown is same like any other city in Canada.
The population of Metro Vancouver is of diverse origin. The 2006 census showed that 58.3% of the population was of European or indigenous heritage, while 41.7% of the population were of visible minority origin, the largest group being the Chinese followed by South Asians (India). Other prominent groups include Filipinos, Koreans, Japanese, Southeast Asian, West Asian, and Latin Americans. British Columbia is Canada's most ethnically diverse province.
Calgary - Oil & Gas financial hub of Canada:
According to Rental market report released by CMHC in year 2017, in the Calgary Census Metropolitan Area (CMA), the apartment vacancy rate1 in the primary rental market declined to 6.3% in October 2017 from 7.0% in October 2016. This represents the first year-over-year
decrease since 2013. Rental demand in Calgary has improved compared to the previous year, and outpaced the amount of new rental supply added to the market.
Calgary sits in the sunny eastern foothills of Canada’s Rocky Mountains, where the Bow and Elbow rivers meet. It is the major urban centre for the entire southern half of the province of Alberta, and is surrounded by an area of profound beauty with an unspoiled, resource-rich natural environment. It is no surprise to Calgarians that their home has been ranked the 5th most liveable city in the world by The Economist Intelligence Unit from 2009-2015. Population density is low, quality of life is high and housing abundant.
The downtown region of the city consists of five neighbourhoods: Eau Claire (including the Festival District), the Downtown West End, the Downtown Commercial Core, Chinatown, and the Downtown East Village (also part of the Rivers District). The commercial core is itself divided into a number of districts including the Stephen Avenue Retail Core, the Entertainment District, the Arts District and the Government District. Distinct from downtown and south of 9th Avenue is Calgary's densest neighbourhood, the Beltline.
Montréal - A Cultural capital of Canada:
Unlike other cities in the country, Montréal rents remained within affordable range for most of the tenants. Montréal is a french speaking city and is the most populous municipality in the province of Quebec and the second-most populous municipality in country
Ottawa - Capital city of Canada:
According to Rental market report released by CMHC in year 2017, the average fixed sample rent for two-bedroom apartments increased 2.0% compared to 2016. The tighter vacancy
rate was mainly due to stronger demand conditions. Demand for purpose-built rental accommodations rose at a strong rate this year, leading to a lower vacancy rate compared to 2016. The number of occupied units is estimated to have risen by just over 1,400 units relative
to a supply increase of 637 units. Strong demographic and economic fundamentals have supported overall housing demand in Ottawa this year.