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YolandaB

Rental agent - Toronto

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YolandaB

Hello everyone,

Our passports are on its way back so we will book our flights to arrive in Toronto on 3 February!

Can anyone please share some condo finding tips (if any) and what to look for / stay away. A friend of  us

told us over the weekend they knew someone that went over and got screwed by an agent ...they also got

asked to put down a 6 months deposit.

Please let me know what to look for as we don't want to be a n bad situation. We will use a airbnb for say

2 weeks then we would want to sign a lease for a year. Also can anyone give notice within that year as in SA

or are you liable for the remainder if you wish o move?

Any feedback will be appreciated ! 😊

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JohanR

Hello there,

Glad to hear that you guys are ready to make the big move. This last month will fly past and before you know it you will walk through the airport doors and into a new adventure. 

We used agents for both the rental places we have had since we arrived here, one in Burlington and after that in Ottawa. Ours agents were professional and helped us get a much further reach than what we could get. Not a bad thing to have an agent(costs you nothing) but you can do it on your own. Most apartments are rented out through a management company that looks after the building.

On the 6 month deposit, as you arrive here with absolutely no credit record, it is seen as a way to sweeten the deal for a landlord but is in no means a requirement. As rentals sometime go very quickly, especially downtown Toronto, you need to act fast if you like a property.  You can also if need be get out of a year lease if your landlord will be willing to negotiate, but please remember that if you need a landlord reference it might impact you negatively down the line.

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YolandaB

Can anyone recommend a good agent to help us find a rental unit ?

We are looking at Yonge street (between North York & Yorkville) but more prefer around Yorkville (or anything under the 401 on younge)

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KelvinK

@YolandaB We used https://condos.ca/ for our rental. A gentleman with the name Danial Chapari Rasi helped us - he was very helpful and even drove us to some listings to check them out. They have tons of verified listings on their site. We also put down 6 months up front. Just a note that the landlord cannot legally ask for more than 2 months deposit (first and last cheque), you have to state that you are willing to provide a larger deposit in your offer to them.

Also remember that you will most probably sign a 1 year lease, so make sure that you like the area and that it's close to work, etc. If you want to stay downtown, I would suggest staying as close as possible to a subway station in order to cut out buses or streetcars (these can be quite unreliable at times with long waiting times). We used AirBnb for about 2 months in order to scout out different areas and to get job offers. Also, there are some really bad areas in Toronto (e.g. Sherbourne Street which is full of drug addicts and homeless persons), so take a walk in the city to really see the areas - I definitely won't say it's unsafe in these areas, but it looks bad, dirty and full of crazy people shouting at random things. 

Lastly, but you probably know this, Toronto is stupid expensive - be prepared to pay at least $2000 per month for a tiny 1 bd apartment. 

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YolandaB

Thanks @KelvinK,

We did learn that there are super dodgy areas like Jane & finch and Rexdale but we didn't know there were bad areas downtown! We will surely take your advise (we were planning of using a Airbnb for 14 days) but I think

we should also use it for at least 2 months to check the areas out properly!

Do you know if one will be liable for the remainder of the contract if we sign a lease but wants to move earlier (if the land lord rejects it)?

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KelvinK

@YolandaB yes unfortunately there are areas downtown where you definitely don't want to stay. Again, it's not unsafe, just ugly and not nice seeing all those people in the streets. But even in these "bad" areas you will still see women walking by themselves. Best it to take a nice long walk as see if you like the area. You're welcome to ask for advise again once you start looking at potential properties.

It might be better to use Airbnb longer yes, that way you're not super rushed to find a place and less lightly to regret it later on. It might also be a good idea to let the airbnb overlap into your lease period (with a few days or so)  - this way you can start buying and assembling furniture while you are still staying in the airbnb.

As far as I know, it would be a breach of contact if you move out earlier - they would then keep your deposit. Not sure if they will take further steps to get the entire 1 year rent from you? Maybe someone with knowledge on this can advise?

Hope you find a nice place you like - not sure what type of place you're looking for, but there are many new condos with amazing amenities (heated pool, sauna, theaters, billiards room, shuttle services, etc.). We were lucky to find one with all that, plus 1Gig/second fiber internet included. Shout if you have any other questions!

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