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Helen Wolkowicz, wrote an article in the media Business Insider in which he explained that although Montreal offers a low cost of living with a high quality, So it can be considered a true gem, it also has its negative side.
Wolkowicz has lived in Montreal for over 50 years and continues to enjoy the city Well, he said, it is full of history, charm, architecture and culinary delights. In addition, it is safe, walkable, has a vibrant nightlife and a cultural calendar full of events.
He based his arguments on different cases that he has encountered in recent years. For example, that of a 39-year-old woman who, despite having a stable job, You cannot afford to rent an apartment with a budget of 1,500 Canadian dollars, about US$1,112.
And the situation is not going to improve. According to the Coalition of Quebec Housing Committees and Tenants’ Associations, Rental prices in Montreal have increased about 27 per cent between 2020 and 2024.
This means an important change considering that Before the pandemic, renters could get a luxury condo in a complex with a pool and amenities for just 1,500 Canadian dollars per month. But now for that cost they will be lucky to find a standard two-bedroom apartment.
And the dream of buying a home is even further away. Even those who qualify for a mortgage, They usually don’t get enough of a loan to become homeowners.
Montreal, Canada, looks attractive, but it’s a trap for young people
In the article of Business InsiderHelen Wolkowicz points out that Montreal is an attractive city for young professionals. In fact, there are almost 200,000 students, which would represent around 11 percent of the population, among other reasons because it has top-level schools.
However, the bad news for young people is that once they enter the workforce, they may find that You won’t find it easy to live in the city due to the lack of affordable rentals.
Besides, If they don’t speak French, they won’t find much incentive to stay because new language signage laws in Quebec, which come into force in June 2025, state that businesses must give French at least twice as much space in their windows as any other language.
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