> in Montréal you can get a $400USD 1 bedroom apartment in a good part of town
I find that extremely hard to believe
I find that extremely hard to believe
& I know many dozens of people in the same scenario, or who pay less. There is definitely more expensive stuff out there, and you do need to hunt a little bit for this price (usually craigslist etc. is pricey), but I regularly see even bigger apartments go for the price I'm paying.
In fact I shit you not, my neighbour who has kept their place since the early 90s, pays 246.22 USD + electric for the same apartment as me. . .
>In fact I shit you not, my neighbour who has kept their place since the early 90s, pays 246.22 USD + electric for the same apartment as me. . .
Undoubtedly those that have rent controlled apartments do well. But that does not mean one can go and get an apartment and pay a rate similar to the one that they have.
Like I said, on Craigslist/Kijiji/etc it is difficult to find such a price, or when it goes online, it disappears very quickly. A price like this can be found by walking around and finding "à louer" signs and calling the number.
But here is one for $650CAD (492.47USD): https://www.kijiji.ca/v-appartement-condo/ville-de-montreal/...
>But that does not mean one can go and get an apartment and pay a rate similar to the one that they have.
But when she dies (probably not far away), the place legally must be rented at the same price (+ inflation of one year), assuming no major renovations are undertaken. And if it get's renovated, the price can only rise to a certain point unless the whole building get's demoed. So someone will get it at about that price, eventually, unless the landlord illegally raises the price (which happens).