Turnover Rent Shock
+23.5% rent increase when moving
New tenants face massive rent increases even as overall growth "slows." Moving from a $2,000 apartment means paying $2,470+ at your next place. That's $5,640 extra annually just for changing addresses.
The real cost
Toronto: $7,476/year extra | Vancouver: $8,412/year extra
How to not get wrecked
- 1Negotiate renewal with market data
- 2Time moves for off-peak seasons
- 3Consider longer-term leases
- 4Factor "moving penalty" into budget
Related money drains
#02
Hidden Rental Fee Trap
$3,000-$6,000 upfront costs
First and last month, deposits, and fees can add up to 2.5–3x your monthly rent before you move in.
#03
Parking Fees Like DLC Charges
$100-$400/month extra
Apartment parking can add $100–$400/month, often hidden until lease signing.
#04
Utility Connection Scam
$200-$500 per move
Utility connection fees and deposits add up every time you move: $200–$500 per move.
Track your spending and plug these drains with Prosperi.