Renting Monthly in Toronto - Our Guide

Last year, Toronto’s Tenant Issues Committee published a report which revealed that 47% of residents in this city are renters. The number is expected to grow despite increasingly prohibitive rent rates, considering how convenient businesspeople and students find the amenities of Toronto’s apartments. While lease terms usually cover annual rent, some property owners put up rent under a month-to-month basis. If you are among those who will only be staying in the city for just a few months, then a month-to-month lease is what you should look for. This type of lease renews each month within the period of your stay, which means you don’t have to sign papers and run errands now and then.

People who would find month-to-month rentals convenient

Those who are in Toronto for a business trip of less than a year would find month-to-month rentals economical, compared to booking a hotel or leasing a property for an entire year. Some students who are studying in any of Toronto’s colleges or universities may find month-to-month leases convenient, especially if they’re nearing graduation and doing an internship.

Getting the right lease for the right price

Toronto has a lot of apartments which offer prospective tenants monthly lease terms. Thus, the more patient you are in looking for a place to stay, you will be more likely to find a great place to stay that is within your budget. That persistence also extends to negotiating with landlords. You can also take advantage of any deals that you may encounter. What is essential is that you find an apartment that will only charge you for rent and utilities. You can sign-up for extra amenities or add-ons if these still fit your budget.

It’s not only the rent that matters. You should also learn as much as you can about the place you’re planning to stay in, even if you aren’t going to stay there for more than a few months. You can try speaking with the other tenants there if you have time. Ask them questions about things that could affect the quality of your stay there, such as traffic, noise, neighbours, crime, and any of the property’s safety features. You should also take note of the area around the place, especially during the early evening when most people are getting back from work. Observe how many there are and how they behave.

You also need to tour the unit you’re planning to rent. Are the walls too thin? Are there safety features such as fire exits, extinguishers, smoke detectors, and emergency lights? How much living and sleeping space does the apartment have? How far is it from the nearest health facilities, groceries, and bus stops? Consider these factors in measuring the quality of the place before you decide if it’s worth your money or not.

Don’t forget your rent documents!

Before you sign the lease papers, read them very carefully. You can ask the landlord to give you a day to go over the papers. Check if there are hidden charges or other unfair and unfavourable clauses and iron out these issues with your landlord. If there are none, make sure you understood what the terms say, such as rules on pets, repairs, sub-leasing, and room makeovers. Once you’ve signed a deal with your landlord, ask for a written copy of the terms and conditions of your lease agreement.

We provide executive rentals in the heart of Toronto - get in touch today to see how we can help!


What to Know About Getting an Executive Rental Apartment in Toronto

Anyone who plans to stay in Toronto for at least two months may get an executive rental apartment. The reason why it is called ‘executive rental’ is that given its amenities, furnishings, and services, an executive rental apartment can rival a hotel in terms of how comfortable and luxurious it is. Like hotels, these places are also located in safe and secure high-rise buildings. That said, they are far more cost-efficient than staying in a hotel for the same length of time, making it perfect for business trips.  

Since the apartment is fully furnished, you don’t have to buy any furniture at all. Some executive rentals also have nearby meeting rooms, should you decide to hold a meeting with your staff and colleagues.

(1) Types of Properties for Executive Rental

Toronto has many kinds of executive rental properties. There are apartments, condominiums, and townhouses. These properties vary as to what floor they are on and how spacious they are; it depends on your budget and preferences. Nevertheless, since most of these properties are located in high-rise buildings, they come with panoramic views of the city below.

(2) Location, location, location

The last thing you would want is to end up in a place far from your office and prone to traffic jams. So when you’re looking for an executive rental property in Toronto, you have to consider location when you make your choice. Ideally, the closer to the centre of town your apartment is, the more convenient it would be for you. But as you get closer to Toronto’s business centre, expect rental prices and competition to increase, so you need to balance location with your budget.

(3) Safety and security

A businessman like you is a walking magnet for criminal elements, so you should rent a place that has ample security personnel to deter would-be burglars. In addition, the community it is in should have as low a crime rate as possible. According to the Toronto Police Service, Bay Street Corridor, Yorkdale Glen-Park, and Pelmo Park-Humberlea are the areas with the highest robbery incidents. Forest Hill South, Ionview, Maple Leaf, and Casa Loma have the lowest theft and carnapping incidents. Aside from security, your place should have fire exits and evacuation signs in case of emergency.

(4) Services and amenities

Some executive rental apartments offer room service, transportation, dry cleaning, laundry, and other kinds of services. Aside from comparing rental prices, you should also examine the types of services that each apartment has, to see which ones meet your needs. Also, remember that the quality of service in these apartments may vary, so you should also take that into consideration when making your choice.

Getting the right executive rental property is essential

The city of Toronto is an excellent place to close deals, meet clients and partners, and organize business conferences. At the end of a hard day’s work, you deserve to rest and relax. Hence, having a comfortable apartment where you can unwind is crucial. A temporary home of two or three months in the right executive rental property would go a long way in making your stay in Toronto worthwhile. We provide executive rentals in the heart of Toronto - get in touch today to see how we can help!


Important Questions to Ask When Renting A Furnished Apartment - Our Guide

When looking for a decent furnished apartment to stay in, you should take every opportunity to ask questions. This will help you avoid any nasty surprises you might find in a listing you rushed right into renting. If you rent a furnished apartment that isn't really up to snuff, you'll end up with a lot of regrets. Asking questions will help you avoid that.

Every landlord or apartment owner that puts their property up for rent online is supposed to be able to answer any questions their prospective tenants might have. A good landlord should have no trouble explaining anything you find questionable. He or she should also be honest when it comes to telling you about the furnished apartment you’re thinking of renting.

Most say that the three aforementioned qualities are nearly impossible to find in a landlord. However, asking these essential questions about a furnished apartment will help you find the best one, not to mention the best landlord.

“What furniture is included in the apartment?”

One common issue that renters come across is that the supposedly “furnished” apartments they go for end up being a close-to-empty space. What's more, some so-called furnished apartments will only have a couch, a dining table, and two flimsy chairs. The term “furnished” is a pretty loose one. It can be used as a descriptor as long as there are pieces of furniture and fixtures inside the space, regardless of their condition or number.

“Is the furniture included in the rent?”

Don’t be fooled by furnished apartments that are listed at really low prices. Most of them might suddenly take away the furniture once you hand over your advance and security deposit just because you were too hasty and didn’t ask questions or read the contract. By asking the landlord if the furniture is included in the rent, you will know if what you see is what you get, or if the furniture you saw in the apartment's photos were just for show. Remember, you can never be too careful.

“Are accessories included?”

Asking this question will allow you to gauge exactly how much you’ll have to shell out to rent the apartment. Some furnished apartments might include necessities like vacuum cleaners, pots and pans, silverware, and a clothes iron, while others may not. A landlord's answer to this question will make it easy for you to make a checklist of things you’ll have to buy.

“Which utilities are covered by the rent?”

An inquiry into what utility bills covered by the rental fee may also help you come up with an estimate as to how much this apartment will set you back. Most landlords will give you a price inclusive of water and electricity bills to give you a feeling of security, while others will give you a quote exclusive of such utilities. They do this so they will be able to put up their properties for rent at a lower cost.

“Do I have to add extra for the furniture?”
Some units will require you to fork over extra cash for a safety deposit that will be used in case you break or damage any of the furnishings and fixtures that come with your apartment. However, asking the owner about the deposit can be a jumping-off point to start negotiations, based on whether you can prove yourself to be a trustworthy tenant or not.

We provide boutique apartments in the heart of Toronto - get in touch today to see how we can help!


How to Prepare for an Extended Business Trip - Boutique Apartments

If there was a list of ways to tell if a business is doing well, it will probably be a very long one. That said, a surefire way to find out if your endeavour is successful (and this goes for all types of businesses) is if you frequently have to travel for work.

Having to travel for work is a symbol of success for many entrepreneurs and executives who spend most of their days cooped up in an office. This is because travelling for business is a sign that your business is making the right impression, and companies abroad have a significant amount of interest in what you and your business have to offer.

For those who are new to extended business trips, however, it’s understandable if you don't know where to start when you're preparing for one. Especially if you're going to an entirely different country, as most of the things you're accustomed to may not be available there.

Confused on how to effectively prepare for an extended business trip? Well, then the first part of preparation actually entails reading up on how you should prepare. Read on and find out what you have to do to avoid getting caught off guard when you go abroad:

1. Brush up on the country you’re visiting

First things first, before travelling to any country for the first time, you should read up on it. Doing so will help you get a better grasp on how you should prepare and what you should pack. A lot of countries might surprise you the first time you visit them, as your lack of familiarity with what they're like may keep you from packing what you need to survive there.  That's why it's important that you do your research. That way, you'll know what the weather will be like when you arrive, what necessities won’t be available there, and other bits and pieces of information you may need to ensure that your trip will go smoothly.

2. Pack according to the climate of your destination

Now that you’ve done some research on your destination, the next thing you should do is choose clothes that you will be comfortable in while you're there. You won't want to end up wearing shorts in ice-cold weather, nor will you be comfortable in thick clothing if you're going to a tropical country. For colder destinations, packing an extra set of thermal underwear and suitable outerwear will suffice, while light and breezy clothing will help you stay fresh in places that get a lot of sun.

3. Stay in between underpacking and overpacking

When going abroad for a certain number of days, pack enough clothing that will last you the whole trip. You'll want to have the right amount of clothes so you won't have to stop by your hotel's laundry shop for a rush job that might ruin your clothes. But if you're going to a place that's known as prime shopping destination, you can pack less and snag a few more pieces to fit your needs there! As long as you have the budget, that is.

4. Opt for a furnished apartment

For extended periods, going for an AirBnb or a hotel might be a bit too much for your budget, so it’s best to go for furnished corporate apartments that are offered at significantly lower prices, but provide the same amount of comfort. With the nature of most business trips emphasizing practicality and a “strictly-work” mindset, you might want to save the infinity pools, spas, and all-out buffets for a luxury trip next time instead.
Furnished apartments usually come with creature comforts like WiFi and a stove for cooking, so downtime will be no problem. Furthermore, a lot of apartments in your search results will be within walking distance to landmarks and city capitals, making for an easier commute and more convenient experience overall.

5. Calculate your daily budget for your visit

Based on the research you did previously, come up with a budget for your trip. Some countries and cities may have a lower or higher cost of living compared to your current location, so come up with a good estimate of your daily budget based on what you learned about your destination’s average cost for food, transportation, and other expenses you might encounter along the way. Be conservative in your computation to make the best possible budget that won’t leave you strapped for cash or open for regrettable expenses. This can also be done more effectively with the help of expense tracking apps like Spendee.

We provide boutique apartments in the heart of Toronto - get in touch today to see how we can help!


6 Tips to Find the Right Apartment to Rent in Toronto

Apartment hunting can be very challenging, especially if you do not know the market well. If you are looking for an apartment in Toronto, there are a number of things that you need to consider. With so many options on the market, you want to make sure that you find the best apartment possible. Here are some tips that you should follow when choosing the best apartment to rent in Toronto:

1. Focus on a Few Areas

It can be extremely useful to narrow down your Toronto apartment options. While there are many ideal neighbourhoods in Toronto, not every one of them will fit your needs and requirements. Therefore, do some research and pick only a few neighbourhoods that you think are best for you to focus on.

2. Go For a Furnished Apartment

If you are not planning to permanently stay in Toronto, then a furnished apartment is what you should be going after. This is so that you won’t have to waste your money on furniture for a place that you are not planning to stay for long.

Even if you are searching for a long-term rental, furnished apartments can still be a good option as it will help you save a lot of time and effort. Look for a furnished apartment that fits your personal style and preferences. After all, you want to rent an apartment that you feel comfortable in. Look for an apartment where the furniture is still in decent condition so that you won’t have to spend more money on replacements or repairs in the future.

3. Compare Your Options

Once you have visited all of the apartments on your list, compare your options to figure out which one is the best. Factors that you should be taken into account are the rent, location, amenities, among others. By weighing your options carefully, you will be able to determine the best place for you.

4. Look at Photos Online Before Visiting

If you want to save time, you should look at photos of each apartment on your list online before making a physical visit. Just by looking at the pictures, you will be able to determine which places are worth your time. Keep in mind that some pictures can be deceiving, which is why it is important that you still make a visit in person.

5. Consider the Landlord

Apart from the apartment itself, it is also crucial that you take the landlord into consideration when searching for an apartment. Your landlord is going to be the key person that is responsible for all the maintenance work in the property. While some landlords are responsible and competent, there are others who can be negligent and irresponsible. This is why you need to make sure that your landlord is someone that can be trusted to get the job done.

6. Test Things Out

During your visit to each apartment, be sure to test out important functions such as the thermometer, faucet, toilet, garbage disposal, and other things. If you find that something is not working properly, you can ask the landlord about it on the spot.

Takeaway

There are numerous apartments across neighbourhoods in Toronto to choose from. This is why you need to make sure that you have done your research before settling on one. By following the tips in this article, you will be able to narrow down your list, thus making it easier for you to choose the best apartment to rent. We provide boutique apartments in the heart of Toronto - get in touch today to see how we can help!