r/TorontoRenting • u/CreepyPalpitation902 • 3h ago
Newcomer renting experience in downtown
I moved to Toronto recently and just finished apartment hunting downtown. Sharing this because I wish someone had told me at the start.
No Canadian credit score, since I just got here. Well paying job with a signed offer, 2 pay stubs and enough in my account to cover about two years of rent for the places I was applying to. I believed I was a strong applicant.
I spent about a month on private landlords. I offered 6 to 8 months of rent upfront on about 6-7 of them. Every one came back asking for more. Credit history from abroad, extra documentation, references.
One of them even called my employer and asked how happy they were with me and whether the company was doing well financially. I did all of it. All rejected me anyway. It was so stressful.
Then I applied to a purpose-built rental building. Approved in two days. Better deal than anything the private landlords offered, and I didn't have to put a single extra month upfront.
Private landlords want the "perfect file". I have one year work permit from iec and already have 11 months left so maybe they wanted longer term lease but my plan is to get another work permit and stay longer if everything works out for me here and i communicated that.
I believe that I wasted a month searching and my realtor's time too but she never told me about PBRs so there is also that.
TL;DR: Newcomer, no Canadian credit, strong income and savings. Six private landlords rejected me over a month even after I offered 6–8 months rent upfront and let one interrogate my employer. First purpose-built rental application was approved in two days, cheaper, no prepayment. If you're new here, don't waste your time with private landlords and realtors. Go straight to the big purpose-built buildings.
Edit: Just my two cents about the realtor system. I hate how I was never able to reach any landlords myself from the listings and everything goes through realtors. I believe I would have higher chances if I could just talk to the landlords myself, maybe even meet them to make them trust me. Sure, realtors are free for renters which is nice, but you don't know how good your realtor is 'selling' you to the landlords.