Breadcrumb trail links
Cities in Quebec are strongly represented in the top 10, with seven of them on the list
Published on July 31, 2024 • Last updated 13 hours ago • 4 minutes reading time
You can save this article by registering for free here. Or log in if you already have an account.
St. John's, the overall winner, took second place in the community category, which is “critical to fostering connections, support and well-being.” Photo by CRYSTAL SCHICK/POSTMEDIA
Article content
Tenants know that finding a nice apartment at the right price and in the ideal location requires equal parts compromise and luck.
Fortunately, some cities in Canada offer more choices, provided you speak French comfortably.
Real estate company Point2 recently analyzed Canada's 100 most populous cities across 24 criteria to compile a list of the best places to rent. The analysis found that St. John's, NL, tops the list for renters, although seven Quebec cities made the top 10. Canada's only bilingual province, New Brunswick, also has two cities high on the list – Fredericton and Saint John.
Display 2
This ad hasn't loaded yet, but your article will continue below.
THIS CONTENT IS FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news from your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, Victoria Wells and others.
- Daily content from the Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from the Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic copy of the print edition for viewing on any device, sharing and commenting.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news from your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from the Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from the Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic copy of the print edition for viewing on any device, sharing and commenting.
- Daily puzzles, including the New York Times Crossword.
REGISTER / LOGIN TO UNLOCK MORE ARTICLES
Create an account or log in to continue your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Look forward to additional articles every month.
- Get email updates from your favorite authors.
Sign in or create an account
or
Article content
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 indicators, Quebec cities occupied 18 of the top 19 places, while Brossard, the only other Quebec city analyzed in the report, ranked 21st.
Five cities in Quebec made it into the top 10 in the quality of life category.
“Quebec appears to be fighting for a monopoly when it comes to the welfare of its tenants,” the report says.
“(The seven cities) are creating an environment where renters don't just have to get by until their dream of owning a home becomes a reality, but that they actually thrive throughout their renting years.”
However, rents in Quebec may soon rise slightly again, as the province passed a law earlier this year restricting lease transfers, which tenants had used to keep rents low.
Landlords can now refuse these transfers for any reason.
Meanwhile, St. John's, the overall winner, came second in the community category, which is “critical to fostering connections, support and wellbeing.”
“St. John's, NL has managed to find the right balance,” the report said.
Top Stories
Thanks for registering!
Article content
Display 3
This ad hasn't loaded yet, but your article will continue below.
Article content
“The strong fishing, gas and oil industries in Newfoundland and Labrador's charming capital city form the city's strong economic backbone, whose vibrant arts and culture scene is the beating heart of the province's most important urban centre.”
Sign up here to receive Posthaste straight to your inbox.
Has the S&P 500 already reached its annual high?
Bank of America is convinced of this. In an updated forecast, the bank assumes that the index will end the year at around 5,400, roughly the same as today, but 15 percent higher than last year.
The index peaked at the beginning of the month, but a series of weak results made it difficult continue to win Traction since then. With earnings reports from major technology companies like Meta Platforms Inc. and Apple Inc. due this week, the situation could change quickly.
Read more here.
- The US Federal Reserve’s interest rate decision
- Today’s data: Canada's gross domestic product data for May, US jobs report, pending home sales
- Merits: Meta Platforms Inc., Mastercard Inc., Boeing, eBay Inc., Alamos Gold Inc., Cameco Corp., TMX Group Ltd.
Display 4
This ad hasn't loaded yet, but your article will continue below.
Article content
Financial Post
Editor's recommendations
-
BHP takes over Canadian mining group Filo
-
Payment trends are changing due to fraud concerns
A 69-year-old university professor from Ontario plans to move to Nova Scotia after she retires. She is currently looking at properties and wondering if she can afford two homes before she moves. With her savings of $345,718, can she own two properties before she decides to retire?
Read more here.
Are you worried about whether you'll have enough money for retirement? Do you need to adjust your portfolio? Are you wondering how to make ends meet? Send us a message with your contact details and a description of your problem and we'll find an expert to help you. Your question could form the basis of a story about family finances (we won't mention your name, of course), which means you'd be helping other readers too. If you have a simpler question, the team of experts at FP Answers, led by Julie Cazzin, can take care of it.
Display 5
This ad hasn't loaded yet, but your article will continue below.
Article content
McLister on mortgages
Want to learn more about mortgages? Mortgage strategist Robert McLister's Financial Post column can help you navigate this complex sector, from the latest trends to financing opportunities you can't miss. Plus, you can find Canada's lowest nationwide rates on his daily updated mortgage rates page.
Today's Posthaste was written by Ben Cousins, with additional reporting from staff at the Financial Post, The Canadian Press and Bloomberg.
Do you have a story idea, pitch, locked report or suggestion for this newsletter? Email us at [email protected].
Bookmark our website and support our journalism: Don't miss out on the business news you need to know – bookmark financialpost.com and sign up for our newsletters here.
Article content
Share this article on your social network