The housing crisis in Montreal has reached new heights, according to a study co-authored by Centraide of Greater Montreal and Montreal's branch of McKinsey. Almost 360,000 households, nearly one in five, across Greater Montreal don't make enough money to cover both rent and other basic essentials.
A new interactive tool is looking to address the escalating housing crisis in Quebec, bringing much-needed transparency to rental prices in-province. The Rent Registry, created by local non-profit Vivre en Ville, offers historical data on rental rates to protect tenants from excessive increases and curb real estate inflation.
According to a recent liv.rent report, Montreal's average rent is now well over the $1,000 mark, but plenty of renters pay just around one grand each month to keep themselves sheltered. Not every $1,000 apartment is made equal, though different neighbourhoods have vastly different rental markets, with floor space, number of rooms and other amenities varying widely across the island, even at a similar price point.