Rents are soaring in Quebec's cities

By: 600011 On: Jun 22, 2024, 2:51 PM


Tenant Group says rents are spiraling out of control across Quebec cities. Regroupement des Comités Logement et Associations de Locataires du Québec (RCLALQ), the province's tenant group, says moving into a new apartment is costing a fortune. A spokesman for the association said it was also noteworthy that the shocking rates were outside the big cities. It is also stated that this is much higher than the rate of inflation.

It has been found that the rental rates of apartments for rent on platforms like Facebook Marketplace and Kijiji have been inflated. Property owners found 50 percent more data than five years ago, the association said. In cities such as Trois-Rivières, rents have risen sharply. In Montreal, rents have risen 27 per cent in four years despite a boom in housing construction.

Housing companies point out that even though the private sector has built more apartments, this has not led to a fall in the prices of older units.