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Yara El-Soueidi: Montreal’s grim rental market risks getting worse

by The Novum Times
14 June 2023
in Canada
Reading Time: 9 mins read
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Proposed new laws seeks to cease lease transfers — a saviour for a lot of tenants on the lookout for reasonably priced housing.

Printed Jun 14, 2023  •  Final up to date 47 minutes in the past  •  3 minute learn

A for rent sign on a residential property in Montreal.
Lease transfers have lengthy been a strategy to mitigate extreme lease hikes in Montreal, writes Yara El-Soueidi. Picture by Allen McInnis /Montreal Gazette

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It had the impact of a bomb popping out of nowhere. At a second when many anxious Quebecers are packing containers and getting ready to maneuver from their flats on July 1 — Quebec’s unofficial annual Shifting Day — France-Élaine Duranceau, the minister chargeable for housing, tabled Invoice 31.

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For tenants, this proposed regulation — dropped on a Friday on the final day of the parliamentary session — is dangerous information, as it could reform housing laws in favour of landlords in at the very least one essential manner.

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My very own housing scenario is shared by many Montreal millennials. I lease an condominium in Villeray, one of the vital sought-after neighbourhoods within the metropolis. I’ve been residing within the space for 11 years now, seven of them within the cosy two-bedroom condominium I’m in now.

My landlords are my neighbours, and they’re pleasant. They assist after I ask and make things better once they break. The lease is affordable and secure. My scenario is good, however it’s removed from the norm. It’s annoying even for me as a fortunate tenant to see the present state of housing in Montreal.

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For a lot of much less fortunate tenants — these struggling to discover a place to reside they will afford — lease transfers have been a saviour. However now these are in danger beneath Invoice 31.

Lease transfers — which permit departing tenants to assign the phrases of present leases to another person — have lengthy been a strategy to mitigate extreme lease hikes and have helped to provide many low-income Montrealers an reasonably priced place to reside.

At present, landlords will need to have an excellent motive to refuse a lease switch. However with Invoice 31, they may refuse it for any motive. This implies you’ll be able to just about say goodbye to discovering a one-bedroom condominium for beneath $1,000 a month.

You’d suppose our political leaders would understand rents lately are past the technique of too many individuals amid Montreal’s housing disaster. It’s been reported that round 750 renter households didn’t discover housing by July 1 final yr, and 24,000 households or people discovered themselves on the town’s ready record for sponsored housing.

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Is Duranceau — a former real-estate agent — paying consideration?

The scenario is infuriating, to say the least — not just for renters, but additionally for individuals who are holding on to the hope of in the future with the ability to afford a primary dwelling on this metropolis. For myself, because it stands, the overinflated costs imply I can not — as a 30something year-old skilled with a gentle earnings and no children — entry the real-estate market as simply as earlier generations may.

So I stay a renter for the foreseeable future. However regardless of my good relationship with my landlords, I nonetheless fear about the opportunity of getting evicted some day. It has occurred as soon as earlier than. And if somebody like me is nervous, what about individuals who discover themselves in additional susceptible conditions?

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Frankly, Montreal appears to be like just like the Wild West on the subject of housing, the place landlords can ask for the moon, whereas Premier François Legault not so way back urged rents could possibly be had for as little as $500. 

What’s being carried out, for instance, to guard our housing market from international funding? What number of models are sitting empty, or getting used as (unlawful) Airbnbs?

We’ve all heard tales of landlords making unreasonable and even unlawful calls for, like insisting potential tenants pay a deposit on an condominium past the primary month of lease (not allowed, in line with Quebec regulation). We’ve all heard in regards to the “renoviction” craze that has pressured numerous Montrealers out of their houses.

Measures round social housing, lease management, accessing the market, and extra, have to be introduced updated to replicate the present actuality — marked by hyperinflation that has left too many individuals struggling to maintain up with fundamental bills and discover an reasonably priced place to reside.

With Invoice 31, I can not bear to look at how this horror present will proceed to unfold.

Yara El-Soueidi is a Montreal author.

Carla White walks outside her apartment in Montreal on Thursday, May 25, 2023.

Developer to let Quebec rental board determine on case of holdout tenant

A balcony with a For Rent sign is seen in this file photo.

Quebec group launches on-line lease registry to advertise transparency in housing market

Brownstein: Hire will increase ‘the worst for the reason that Eighties,’ housing advocate says

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Tags: ElSoueidiGrimMarketMontrealsrentalrisksworseYara

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