July 1 is known as moving day in Montreal — most residential leases expire on June 30 — but rising rents have added a new challenge to finding a place to live in the once affordable city.
BreakdownGenerated by LeadStory AI
- Montreal's rental market has become highly competitive, with renters needing to act quickly.
- Rents in Montreal have increased by nearly 71% between 2019 and 2025, with the average now $1,900 per month. 1m 3s
- Over 2,000 households are still searching for housing, with some turning to temporary solutions like hotels or camping. 39s
- The Quebec Landlord Association cites rising interest rates, immigration, and slow construction as causes for the surge. 1m 35s
- Rental prices have stabilized recently and more social housing is being built, but immediate needs remain unmet. 1m 51s