After July 1st, finding housing in Montreal can become a real challenge. The date of July 1 is very popular for moves, as many leases end at this time. According to an article published in Le Devoir in 2021, nearly 500 households failed to find housing the day after July 1. In this article, we’ll look at the challenges you may face when looking for housing in Montreal after July 1st, and we’ll give you tips to make it easier.
The housing shortage in Montreal
The housing shortage is a major problem in Montreal, and this is especially evident after July 1. With a limited number of units available on the market, demand often exceeds supply, making the search for housing even more difficult. It is therefore crucial to start your search as early as possible in order to have more options available.
Increased competition in the real estate market
Due to the strong demand after July 1, competition for available housing in Montreal is fierce. It is not uncommon for many candidates to compete for the same apartment, which makes the selection process more selective. To increase your chances, be sure to prepare all the necessary documents in advance, such as references from your previous owner and proof of income.
Increasing rental prices
High demand and limited supply also have an impact on rent prices in Montreal. After July 1, prices can increase significantly, especially in the most popular areas of the city. It’s important to factor this into your budget and be prepared to pay potentially higher rent.
Trade-offs to consider
With housing shortages and increased competition, it may be necessary to make compromises when searching for yourself. For example, you might consider exploring less popular neighborhoods, where rents are more affordable. You could also review your selection criteria and be open to slightly smaller accommodations or less luxurious amenities.
The importance of preparedness
To facilitate your search for housing in Montreal after July 1st, preparation is essential. Here are some tips to help you:
- Start your search early: ideally, a few months before the planned moving date.
- Use online resources: Check out real estate sites, social media groups, and rental platforms.
- Be responsive: as soon as you find an accommodation that meets your criteria, quickly contact the owner to schedule a visit.
- Prepare your documents: Gather all the necessary supporting documents, such as references, bank statements and proof of income.
- Be flexible: Be prepared to adjust your criteria and consider different options.
Consider the help of a moving professional
If you’re having trouble finding housing in Montreal after July 1, consider hiring a moving professional. These experts are familiar with the local real estate market and can help you find options that fit your needs and budget.
In conclusion, finding housing in Montreal after July 1st can be a challenge due to housing shortages, increased competition and rising prices. To facilitate this process, start your search early, be prepared and open to compromise. Do not hesitate to seek the help of a moving professional to guide you through this important stage of your life. Happy looking for accommodation in Montreal!
