Blog

Back to Blog
14 Dec

Renters rule in Montreal, spending an average $835 monthly on housing

Latest News

Posted by: James Moysey

Montreal is for renters.

Almost two-thirds of people who live in the city rent rather than own their homes, spending an average of $835 monthly on housing, including rent, electricity and heat, according to a new analysis of 2016 census data collected by Statistics Canada.

Housing costs are highest in Outremont — $1,269. But Westmount homeowners spend the most on housing: $2,304, including mortgage, real-estate taxes, condo fees, electricity and heating.

Here are more statistics from the analysis by the city of Montreal’s economic-development office:

Monthly housing costs

$835: Average spending on housing, including rent, electricity and heat, in the city of Montreal. The average apartment in Montreal has 4.5 rooms, which normally means two bedrooms, a kitchen, a living room and a bathroom.

8: Boroughs in Montreal where average housing costs are lower than $800.

$742: Average housing cost in Villeray–Saint-Michel–Parc-Extension borough. Lowest in the city.

4: Boroughs where average spending on housing is more than $900.

$1,269: Average housing cost in Outremont borough. Highest in city.

$1,126: Average housing cost in demerged suburbs.

$1,859: Average housing spending in Baie-d’Urfé. Highest on Montreal Island.

$1,366: Average spending on housing by homeowners on Montreal Island, including mortgage, real-estate taxes, condo fees, electricity and heating.

$2,304: Average spending on housing by homeowners in Westmount. Highest on Montreal Island.

Tenants vs. owners

63%: Montreal households that rent rather than own their homes.

73%: Côte-des-Neiges–Notre-Dame-de-Grâce households that are renters. Highest percentage in the city.

32%: Households in demerged suburbs that rent rather than own homes.

6%: Kirkland households that rent. Lowest percentage on Montreal Island.

Spending on housing

37%: Among renting households, percentage that spends more than 30 per cent of income on housing on Montreal Island.

21%: Among home-owning households in the city of Montreal, percentage who spend more than 30 per cent of income on housing. For Montreal Island as a whole, the percentage is slightly lower — 20 per cent spend more than 30 per cent on housing.