Quote:
Originally Posted by connect2source
I'm shocked at how high the rental rates are for Halifax, the one beds are close to what we pay in Vancouver for a condo-style newer high-rise apartment.
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Same with me. I thought prices were high in Hamilton/Oakvile/Burlington area, but still a person can get a nice bachelor or 1 bedroom apartment in the $1100 vicinity. Halifax area developers must be doing well if they can get these rental rates.
How do Halifax-area renters manage to pay these rates? It must cut into their food and entertainment budgets. Perhaps they do it by not owning cars?
Surprisingly enough, the Maple is almost sold out. No wonder developers are putting up these apartment buildings at the rents they are charging.
PS: Some of the apartment units in the Maple are short term rentals for out-of-towners, I wonder if that is part of the reason for the high rental rates on some units?