Canada welcomes around 450,000 people each year.

Most of them head to cities like Toronto. Toronto is an economic and multicultural hub for many newcomers such as yourself.

You need to know a few things to make the most of your experience living in this beautiful city.

Finding the right place to rent can take weeks or months, but arm yourself with this helpful guide to make it easier instead of wandering around.

Below are five tips for first-time renters living in Toronto, Canada:

1. Explore The Neighborhoods

Toronto is over 630m2, the New York City of Canada – only much more extensive.

This vast city has many diverse neighborhoods. Research the different areas to find the one that best suits your needs. 

Once you know more about what each neighborhood offers, the next step is to spend time in each of your favorite ones. Walk around each neighborhood and check out the proximity of stores, schools, hospitals, and restaurants.

Tailor your search according to your priorities.

2. Budget

Toronto is a popular destination for new immigrants, meaning housing is costly.

With job opportunities available, you should be earning a good salary, which will allow you to afford to live in what will soon be your favorite city.

Before you start your search, determine your budget—factor in utilities such as water, gas, electricity, and rent.

You should also include renter’s insurance, as many landlords and property companies require this from their tenants.

3. Reputable Sources

While Toronto is one of the safest cities in the world, its residents and visitors are not impervious to crime – particularly scammers.

Renting a house or apartment in Toronto is competitive, which means inherent risks are involved. A new immigrant or resident is an easy target because they will likely have a limited knowledge of the country.

Only rent from reputable sources, such as trusted estate agents or renowned rental websites. Search for short-term, furnished rentals in Toronto and set up appointments to view the ones you are interested in.

4. Lifestyle Requirements

Finding the perfect rental does not happen overnight.

Choosing where you will live and raising a family (if that is what you desire) takes time and energy. Stay patient during this process, no matter how frustrating it can sometimes be – and it will be frustrating.

Pick a rental that suits your lifestyle. Inspect the apartment thoroughly with the landlord before moving in or signing any leases. That will allow you to document any pre-existing damage, protecting you from liability when you leave.

Most apartment buildings in Toronto offer facilities and amenities such as parking, laundries, gyms, and pools.

5. Rights and Obligations

As a tenant in Toronto, you must be aware of your rights and obligations.

Some of these include paying a security deposit, maintaining the apartment, and having the right to live in a maintained property. You need to familiarize yourself with the Residential Tenancies Act.

Your landlord has rights like you do, so it is best to know them beforehand. That will keep everyone happy.

To End

As daunting as house hunting seems in this big city, these practical tips above will help make that experience much more enjoyable.

Take your time to find the place that makes you the happiest – the perfect home is always worth waiting for!