Questions and Answers
Your Questions About House Rent
How is the house rent in canada specially for foreign workers?
is the house rent in canada expensive? im planning to work in canada as a working visa.
Depends on the part of the country you’re going to be living in. And it makes no difference that you’re a foreign worker.
How much would a million dollar house rent for?
If the purchase price is about 1 million, how much would one expect to rent it for?
Is there some kind of rule of thumb for house/apartment rentals?
It really depends on the housing prices in that housing market and if it’s reflective in how much it can rent for.
For example one of my clients rent a $800K (market value) assessed property for $2500/month. There’s people who rent $1 Million properties for $5000/month. It’s not an exact science nor is it always about the price of the home. You can buy crappy $1 Million homes in Vancouver, Canada and that home moved to a place like Portland, OR would be worth only $250K. So it all depends on the housing market you’re in and the location of the home, size, etc.
I recently moved to India. How much should my house rent be as a percentage of my CTC or basic salary?
I have recently moved to Chennai. I am planning on renting initially, at least for the first year. I was wondering if there is a recommendation as to what should one’s house rent be, as a percentage of one’s salary (whether it is the basic salary or the CTC).
Around 30% of your basic salary
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