Cities in Quebec are heavily featured in the top 10, with seven cracking the list
As renters well know, finding a nice place at the right price and ideal location is equal parts compromise and luck.
Fortunately, some cities in Canada offer more choice, provided you’re comfortable speaking French.
The seven Quebec cities in the top 10 are Sherbrooke, Quebec City, Trois-Rivieres, Saguenay, Granby, Saint-Hyacinthe and Levis.
In terms of housing and economic measures, cities in Quebec took 18 of the top 19 spots, while Brossard, the only other Quebec city the report analyzed, came 21st.
Five cities in Quebec made the top 10 in the “quality of life” category.
“Quebec seems to be fighting for a monopoly when it comes to the welfare of its renters,” the report states.
“(The seven cities) are creating an environment where tenants aren’t just making do until their homeownership dreams come true, but are actually thriving all through their renter years.”
Rent prices in Quebec may soon inch higher, however, as earlier this year the province passed a bill to restrict lease transfers, which tenants had used to keep rent prices down.
Landlords can now reject these transfers for any reason.
Meanwhile, St. John’s, the overall winner, placed second in the “community” category, which “is essential for fostering connections, support, and well-being.”
“St. John’s, NL managed to find the right balance,” the report states.
“The strong fishing industry, doubled by the gas and oil industries in Newfoundland and Labrador’s charming capital create the strong economic backbone of the city, with its vibrant arts and cultural community representing the beating heart of the province’s main urban hub.”
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The Bank of America sure thinks so. In an updated forecast, the bank expects it to finish the year around 5,400, roughly where it is today, but up 15 per cent on the year.
The index peaked earlier this month, but a string of lacklustre earnings have made it hard to gain further traction since. With more earnings to come this week from major tech companies including Meta Platforms Inc. and Apple Inc. things could change in a hurry.
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A 69-year-old university professor from Ontario is planning to move to Nova Scotia upon retirement. She is looking at real estate now and wondering if she can afford to own two homes until it’s time to make the move. With $345,718 in savings, is she able to carry two properties before she decides to retire?