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Old 04-21-2012, 11:15 AM
 
62 posts, read 227,659 times
Reputation: 104

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(Note, I also posted this in the Toronto forums, I'm just comparing)

If anyone rents a loft/condo in downtown Toronto, I'm curious as to how much it costs each month for living expenses only (do not include food). So rent/heat/gas/electricity/hydro/cable/internet and anything else. E.g. if you rent for $1800 a month, how much are all the other bills?

I've spoke with a \real estate agents and they said if I rent a condo/loft, my heat/electricity/gas will be covered as part of my rent. Is this correct?

Thanks in advance,

vic
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Old 04-23-2012, 01:52 PM
 
Location: Vancouver
72 posts, read 250,437 times
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Quote:
Originally Posted by vindikator View Post
(Note, I also posted this in the Toronto forums, I'm just comparing)

If anyone rents a loft/condo in downtown Toronto, I'm curious as to how much it costs each month for living expenses only (do not include food). So rent/heat/gas/electricity/hydro/cable/internet and anything else. E.g. if you rent for $1800 a month, how much are all the other bills?

I've spoke with a \real estate agents and they said if I rent a condo/loft, my heat/electricity/gas will be covered as part of my rent. Is this correct?

Thanks in advance,

vic
Whether the heat/electricity/gas is covered by your rent is dependent on (1) the agreement you come to with the landlord and (2) the items that are covered under strata fees. Some condos in Vancouver come with gas appliances and fireplaces - and since gas is covered by strata fees and paid for by the landlord, gas would be included in the rent. Since you can turn on your fireplace to heat your condo, I guess heat would be included in your rent too if you choose to heat your condo this way. Hot water, sewage, garbage pickup - all things that are included in building maintenance and included in strata fees should be included in rent.

Electricity is usually something I get my tenant to cover since this is something that is set up separately from the strata. However, I have seen some postings on Craigslist where electricity is covered by rent.

Hope this helps.
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Old 04-23-2012, 03:27 PM
 
62 posts, read 227,659 times
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Quote:
Originally Posted by AskKent View Post
Whether the heat/electricity/gas is covered by your rent is dependent on (1) the agreement you come to with the landlord and (2) the items that are covered under strata fees. Some condos in Vancouver come with gas appliances and fireplaces - and since gas is covered by strata fees and paid for by the landlord, gas would be included in the rent. Since you can turn on your fireplace to heat your condo, I guess heat would be included in your rent too if you choose to heat your condo this way. Hot water, sewage, garbage pickup - all things that are included in building maintenance and included in strata fees should be included in rent.

Electricity is usually something I get my tenant to cover since this is something that is set up separately from the strata. However, I have seen some postings on Craigslist where electricity is covered by rent.

Hope this helps.
Thank you, this was very helpful. Do you happen to know how much an average electricity bill would run?
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Old 04-23-2012, 04:57 PM
 
Location: Canada
4,751 posts, read 9,102,139 times
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Originally Posted by vindikator View Post
Thank you, this was very helpful. Do you happen to know how much an average electricity bill would run?
Mine runs 20-30 dollars a month. I live in a studio apartment but am home using my computer and lights alot.
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Old 04-23-2012, 07:13 PM
 
62 posts, read 227,659 times
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Originally Posted by BIMBAM View Post
Mine runs 20-30 dollars a month. I live in a studio apartment but am home using my computer and lights alot.
$20-$30? thats soooooo cheap! In MI in the winter I sometimes pay $300 a month for gas/electricity. I also would be using my computer and lights a lot, I would be working from home most of the time.
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Old 04-24-2012, 06:58 PM
 
Location: Canada
4,751 posts, read 9,102,139 times
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Originally Posted by vindikator View Post
$20-$30? thats soooooo cheap! In MI in the winter I sometimes pay $300 a month for gas/electricity. I also would be using my computer and lights a lot, I would be working from home most of the time.
Yeah, it's cuz BC is blessed geographically because of it's mountains and many rivers. Electricity is produced almost exclusively by hydroelectric means and is sold to consumers through a Crown Corporation called BC Hydro. That is to say, the government owns it and their mandate is the public interest as opposed to making returns so it's sold basically at cost. This is actually the case in all the other provinces as well with the recent exception of Alberta. I do not heat with electricity, however. The heat is included in my rent.
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Old 04-28-2012, 11:17 AM
 
Location: Nassau, The Bahamas
2 posts, read 22,229 times
Reputation: 10
Quote:
Originally Posted by vindikator View Post
$20-$30? thats soooooo cheap! In MI in the winter I sometimes pay $300 a month for gas/electricity. I also would be using my computer and lights a lot, I would be working from home most of the time.


Kind of off topic here and also my first post, but I just had to chime in on this. I currently reside in the Bahamas and will be moving to Vancouver within the next year and I cannot wait to pay utility bills there. I know this is going to sound like BS, but electricity bills here in Nassau from July - September run more than a $1000 per month.
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Old 04-28-2012, 01:49 PM
 
Location: Canada
4,751 posts, read 9,102,139 times
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Quote:
Originally Posted by Geoff72 View Post
Kind of off topic here and also my first post, but I just had to chime in on this. I currently reside in the Bahamas and will be moving to Vancouver within the next year and I cannot wait to pay utility bills there. I know this is going to sound like BS, but electricity bills here in Nassau from July - September run more than a $1000 per month.
Wow, how to Bahamians manage with those kinds of prices! Do you just stop using electricity?
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Old 04-28-2012, 03:25 PM
 
Location: Nassau, The Bahamas
2 posts, read 22,229 times
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Quote:
Originally Posted by BIMBAM View Post
Wow, how to Bahamians manage with those kinds of prices! Do you just stop using electricity?

No, most pretty much suffer with the heat and humidity and refuse to run an AC unit. That cuts costs quite a bit. I am just one of the ones that refuses to deal with the heat
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