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9 Corporate Housing Myths Uncovered

Posted by Doriana Zohil-Morton on April 12, 2019
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Corporate housing in Toronto isn’t a new concept. In fact, it’s arguably been one of the most affordable, convenient, and reliable options for business travellers for a very long time. Yet, there are a lot of misconceptions about how corporate housing works, who can use it, and the services that are offered.

At MAC Furnished Residences Inc., we feel it’s important for travellers to know all of the facts before choosing an appropriate place to stay. For one thing, if you’re planning on travelling for an extended period of time that exceeds 30 days, then you may want to consider looking into furnished corporate rental apartments in Toronto. With that in mind, we’ve taken the liberty of debunking a few corporate housing myths to help make the decision a little easier.

Myth #1: Only Businesses Use Corporate Housing Services

The name “corporate housing” can be a little confusing and misleading. The reality is that corporate housing, which is also known as interim housing, can be used by anyone who plans to stay in any given location for an extended length of time. There are no restrictions on the types of guests that are permitted or able to rent a corporate serviced apartment in Toronto or the GTA. From business professionals travelling solo or in groups to families who need to temporarily relocate, corporate housing is a convenient and affordable option for everyone.

Myth #2: It’s Cheaper to Stay in a Hotel

Technically, that depends on the star-rating of the hotel in question. On average, most high-end hotels in downtown Toronto can range anywhere from $150 to upwards of $400 per night. If you’re looking at hotels with a 5-star rating, the cost could be even more prohibitive. To draw a comparison, corporate housing in the Yonge-Bloor area offers all of the same wonderful amenities you’d come to expect from a luxury hotel at a fraction of the cost. And the best part is that you get all of the perks and privacy of living at home.

Myth #3: You Have to Provide Your Own Household Items

This couldn’t be further from the truth. Corporate housing suites are equipped with just about everything you could possibly need to make your stay as comfortable and enjoyable as possible. Linens, towels, toiletries, and all kitchen necessities are provided. The idea is to help you establish a nice home away from home whenever you need it. Most professional corporate housing services in North York even offer complete appliances including a refrigerator, stove, and ensuite washer/dryers for your convenience.

Myth #4: Corporate Housing Is Exactly Like Staying in a Hotel

While there are certainly a lot of similarities between staying in a hotel and booking a corporate rental apartment in Toronto, there are also a lot of differences that make the latter option more appealing. The key difference is that you get a lot more privacy and freedom to come and go as you please in a furnished apartment and you get to choose how long you want to stay. If you need to extend your stay at the last minute for any reason, corporate housing companies typically have more availability than hotels, especially during peak travelling seasons, for a much lower cost.

Myth #5: Only Businesspeople Use Corporate Housing In Toronto

Once again, this misconception stems from the name “corporate housing”. As mentioned, however, many different kinds of travellers can book a furnished apartment in Toronto or the GTA. All you have to do is specify your needs, how many bedrooms are required, how long you expect to stay, how many guests will be staying in the apartment, and if you have any special requests or requirements. Once you’re booking is complete, the corporate housing provider will take care of the rest. Fully furnished apartments are the perfect cost-effective solution for business travellers, families going on vacation, friends going on a road trip, or even couples who simply want to get away for a few days.

Myth #6: Corporate Housing Can Only Be Booked for Short-Term Stays

On the contrary, corporate rental apartments in Toronto are perfectly suited for both short- and long-term stays. As mentioned, if you need to extend your booking for any reason, it’s very easy to do so. Simply contact your booking representative or speak to the staff at the front desk and they’ll be more than happy to take care of your needs.

Myth #7: Housekeeping Services Aren’t Included

In some cases, this might be true depending on the corporate housing company you book your accommodations with. MAC Furnished Residences Inc. in Toronto, however, offers bi-weekly housekeeping services, which includes providing fresh linens and towels and tidying up your living space.

Myth #8: You Have to Sign a Short- or Long-Term Lease

While you’re required to sign a contract containing legal rental terms and conditions that must be followed for the duration of your stay, there’s never an obligation to sign an official lease. These terms and conditions are standard stipulations that simply protect the rental company and guests from potential damages. It’s basically like agreeing to a check-in and check-out date in the same way you would at a hotel.

Myth #9: Renting a Corporate Apartment Is More Complicated Than Booking a Hotel

Actually, renting a corporate serviced apartment in Toronto is a lot like booking a hotel room. Simply provide all pertinent information such as the number of guests, the number of bedrooms and bathrooms needed, your preferred locations, how long you expect to stay, and any other specific requirements. We’ll take care of everything else.

MAC Furnished Residences Inc. is one of the leading corporate apartment rental companies in Toronto. To learn about our services or book your accommodations, please contact us today! We can help you find the ideal short- and long-term furnished apartments in Toronto through our brokerage MAC Real Estate Services Inc. Our licensed realtors can also help you if you’re buying or selling a home or condo. Plus, we can help facilitate a smoother transition if you’re moving to Toronto with MAC Relocations Solutions.

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