Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

November 09, 2011 10:52 ET

Renting a Home? CMHC Offers Range of Tips and Resources

OTTAWA, ONTARIO--(Marketwire - Nov. 9, 2011) - Whether you are a first-time renter or a long-time tenant, there are many important decisions to make when evaluating potential rental accommodations. To help make these decisions easier, Canada Mortgage and Housing Corporation (CMHC) offers a number of resources, including worksheets and helpful hints, to help you make responsible and informed rental decisions.

Starting with tips for getting started and identifying rental needs, to evaluating rental options and meeting a landlord, to signing rental agreements and paying rental deposits, CMHC's resources support renters throughout all stages of the rental process.

CMHC also offers resources designed specifically for recent immigrants to Canada in eight different languages. Renting in Canada: What Newcomers Need to Know includes a variety of relevant and appropriate tools, products and resources to make finding safe and affordable housing easier.

Taking the time to plan and determine what you need and how much you can afford will make the overall rental experience less stressful and the outcome more satisfying. In the planning stage, it is important to identify things like the number of bedrooms and location requirements, establish a budget and evaluate an apartment's affordability.

The tenant-landlord relationship is one of shared responsibility and CMHC's resources provide guidance on the responsibilities of both. They also offer advice on dealing with issues such as regular and emergency repairs, rent increases and payment difficulties.

Because the law governing landlords and tenants in Canada varies among the different provinces and territories, CMHC also offers Provincial and Territorial Fact Sheets that include province-specific information.

Finally, moving can be a hectic time with a varied checklist of tasks. Once you have chosen a place to live, CMHC's tools for renters provide helpful tips on selecting reputable movers as well as reminders to transfer or close your service accounts at your existing residence and arrange for services at your new home.

For more than 65 years, CMHC has shared a wealth of knowledge and housing expertise, as well as useful tools and guidance, to help Canadians enjoy an informed and assured housing experience. To consult or download copies of CMHC's resources for renting a home visit

November is the first ever Financial Literacy Month. This is the first article in a series of four focusing on creating awareness of the various tools and resources that are available to help Canadians make informed and responsible housing decisions.

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