Be Flexible

It takes time to find the right place

If you can be flexible when choosing a new apartment for rent – use that opportunity. Give yourself time to browse available housing and choose the perfect moment to rent one. This comes with so many benefits, such as a lower price and an overall smoother renting and moving process. But what is the best time to rent an apartment in Toronto? Let’s find out when you should start the hunt to ensure the best deal.

Reasons to rent an apartment.

There are several reasons why renting may be a better option for you compared to buying a home in Toronto. You can enjoy a better location and easier access to favorite amenities in the city, with enough flexibility to move when your lifestyle or needs change. You also don’t have maintenance costs, along with the costs of buying a property. It’s easier to control your finances as renting comes with more predictable expenses than homeownership.

Renting or buying? What’s a better idea for you?

Why renting in Toronto is a great idea

If you’re still thinking if Toronto is the right place for you – stop worrying. You’re looking for a rental in the biggest city in Canada. And there are many reasons why its population is constantly growing. It’s a safe city with an excellent healthcare system and many opportunities to grow your career. It is also diverse and multicultural and represents a safe place for cultures from all around the world. You can access a high-quality lifestyle with friendly faces all around you.

When it comes to renting, currently the average price for a one-bedroom apartment is about $2,329. However, prices may vary across the city, but also take the time you look for an apartment. In specific neighborhoods, the costs can go as high as $2,600. This also depends on the season and demand for apartments in particular locations. Therefore, you need to be prepared and know where and when to look for a rental.

The city that has it all - Toronto is one of the most desirable cities in the world!

The best time to rent an apartment in Toronto

When looking for a rental, you should know your priorities first. This means you need to decide if you’re looking for more apartments to browse from or if you’re focusing on the lowest price. Either way, you should know that the busiest time for people who move is during summer – from June to September. This is because people are often free during summer, preparing for the new school year. This makes it a bit more difficult to find a place due to the higher demand and more applications.

That’s why waiting until the hectic season passes may be the wisest thing to do. If you’re flexible to wait until the off-season, you can have a much less stressful apartment search and even enjoy lower prices. If you begin your search in October, you’ll have enough time to browse apartments that will not get away from the market too quickly. The time that will probably save the most money is between December and March. Holidays, as well as cold weather, make this time less popular for moving. However, Professional Movers Ottawa experts recommend being extra careful when moving in winter. Even though it’s possible to move safely if you trust your move to an experienced team, wintertime still increases the chances of injury and damage to your items.

Be ready for apartment browsing

When you start apartment hunting, you need to be ready, so you can grab the place you like the moment you see it. Apartments that have a convenient location and are reasonably priced go off the market very soon. That’s why you need to know exactly what you’re looking for so you can recognize it when you come across it.

First, choose the right timing. If you’re looking for a good deal and want to avoid the hustle – start looking in autumn, when it’s off-season for people who move.

Next, know your budget. Decide how much you can afford for rent, so you can be clear on the size of the apartment and its location. As we mentioned, the location will heavily affect the price, so be sure to pick the areas of the city that are within your budget. Some of the most expensive neighborhoods in Toronto are Rosedale-Moore Park, University, Trinity-Bellwood, and Palmerston-Little, Italy. However, if you’re looking for a cheaper place to live, visit the neighborhoods such as South Parkdale, North St. James Town, Forest Hill North, and East End Danforth.

Should you look for an apartment by yourself?

It is possible to find an apartment on your own. However, trusting a professional can make the process a lot easier. A respectable real-estate team can match you with properties that fit your needs and budget to every little detail. This can save you a lot of time and energy that apartment hunting usually requires.

Be prepared for the move-in process

You never know when a great apartment will pop up. That’s why you need to plan your move well and be ready when that moment comes. Make sure you pick a trustworthy mover on time, but also have the necessary supplies so you can do this quickly when it’s time for last-minute packing. Make sure you’ve got enough boxes, packing paper, and other supplies for protecting fragile items, markers for labeling, scissors, and tape. Once you’ve got everything in one place, the packing will be a lot faster, even if you need to do it last minute.

Be ready to pack when you find a perfect rental, and check out when it’s the best time to rent an apartment in Toronto. Alt.tag: a couple packing for a move in Toronto

Final words

The best time to rent an apartment in Toronto will actually depend on you. When you decide on your priorities, such as a convenient location, low price, or last-minute offers, you’ll be able to tell the best time to start looking for a place. However, if you know what you’re looking for, your new home can come your way sooner than you think!