Are you wondering how you'll find your first home after immigrating to Canada? You're not alone. Finding a home in a new country can be scary.
Today we'll break down some of the documentation required to rent a home in Toronto.
1. Rental Application
The Toronto area is full of in-demand homes and rental properties. To put yourself in the running for one of these properties, you'll need to fill out a rental application. Property owners may have different applications but usually ask for the same information. You'll need to share your personal information, like your name, current address, and how many people will live with you. You'll also have to fill out information about your employer and income. Along with the rental application, you may need to provide additional documents, described below.
2. Government-Issued Photo ID
Your photo ID could include your passport or driver's license. Your ID is proof that you are who you say you are. In Canada, you must show your ID to prove your identity when making important financial decisions, including renting a property.
3. Letter of Employment
Sometimes, a landlord will ask for a letter of employment. This document is a written and signed letter from your employer to prove that you are employed and will receive a reliable income. This letter might include your salary and how long you've worked.
4. Pay Stubs
If you don't need to provide a letter of employment, you'll likely need to show your recent pay stubs. A pay stub is a document your employer gives you as proof of payment. Your potential landlord will want to see that you are making consistent money. Your pay stubs are proof that you will be able to pay rent on time.