How To Get An Apartment in Canada With No Job?

There can be a number of situations where you are looking for housing in Canada but do not have a job and don’t plan to have one for a while.

Some of those situations can be –

  • You have just moved to a new city
  • You have just moved to Canada
  • You are a student looking for housing

In all those cases you won’t be able to prove employment while applying for housing which is something that landlords or real estate agents will ask you for.

Do you need to have a job for housing?

While having a job can help you show a source of income to be able to pay for housing. You DO NOT need to have a job to apply for housing. As long as you can prove that you have the means to pay the rent, you should be able to secure housing in Canada.

Alternatives to proof of employment

Income is not the only way to prove your ability to pay rent, you can show the following as well –

  • Bank Statements – If you are able to show that you have enough funds to pay for the housing that should be sufficient enough.
  • Investment Accounts – Not everyone keeps their money in the bank. If you have a lot of money in your investment accounts, you could show the statement as evidence of your ability to pay the rent.
  • Benefit statements – If you are receiving regular benefits from the government and the amount is sufficient enough to pay for the rent.
  • Inheritance – If you are getting paid a significant sum on a regular basis, you can show that as a proof of income.
  • Sponsor (or co-applicant) – If you do not have enough funds then you need to seek a sponsor who would be willing to cover your payments.

Note that you can use multiple sources of funds as proof of your ability to pay the rent! For example – if you have multiple bank accounts or if you want to show both bank and investment accounts when applying for housing. Do let the landlord/agent know that you have attached multiple documents as sometimes they might miss what is going on while reviewing your housing application.

Who can sponsor for my housing application?

Usually people have their family members or close friends as sponsors on their housing application. Your sponsor will need to complete the following requirements for your housing application to be considered –

  • Housing application – Sponsor will need to have themselves listed on the housing application and will need to provide their personal details.
  • Sponsor’s proof of income – This can be sponsor’s employment letter or bank statements.
  • Letter from sponsor – It might be handy to keep a separate letter from Sponsor that they are willing to pay your rent and are liable for it.

What are the income requirements for sponsor?

The income requirements for a sponsor can vary depending on the housing, regulations in the area and but usually the annual income needs to be atleast between 24-36 times the rent.

So if you are looking for a $2000 per month apartments, you might be required to have an income of around $72000 per year to prove your ability to pay the rent.

What if landlord requires job for housing?

If you have shown enough funds to pay for housing and are rejected for not having a job. Depending on your situation, that might be grounds for discrimination.

For example, a person who just moved to Canada can’t be expected to have a job straightaway. You would need to report such incidence to the local authorities.

Other things to be aware of

Once your housing application is accepted, you would be asked to pay for the first month’s rent as well as a security deposit. Note that in some provinces like Quebec you are not required to have a security deposit and only the first month’s rent.

Make sure to ask the landlord/real estate agent how you can make the payments as some places might accept certified cheque only while other places would be okay with electronic fund transfers or even credit card payments!

If you are looking for apartments in Toronto region, then this guide on finding an apartment in Toronto region might beneficial for you as well.

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