Short Term Rental - Toronto/ Montreal? or Canada?

[Krishna D.]

Hello,

I am doing a bit of research on short-term rental to see if it can be a profitable strategy.

I am a newbie. Where I am sitting at the moment is I am looking to purchase a property by the end of next year. Taking this year to accumulate my knowledge (with books, podcasts, this forum...) and also increase my investing funds.

After doing a bit of research, the province of Quebec offers some good pricing. You also have the Atlantic region but looking at the growth of the city I think Montreal is a good bet.

However, the laws in Montreal seems to be stacked against the landlords (no deposit, no last month, lengthy eviction process...). 

After thinking a little more about it, I thought that short-term rentals could be a good strategy to work around those laws.

I am trying to see if anyone in the forum has experience with buying a property just for short-term rental either in the Montreal or Toronto region. But anywhere else in Canada as well is welcome.

Thank you very much.

[Roy N.]

@Krishna D.

Tenancy Law in Québec is heavily regulated and the Régis is tenant biased.    The same is true in Ontario with the LTB.   In Nova Scotia, Tenancy Law is only slightly less tenant favourable.  In New Brunswick application of the Residential Tenancies Act is a little more even handed.

However, if you are planning for short term rentals (i.e. a duration <1-week), you may well find they are not governed by tenancy law, but are viewed as being hotelier and governed/licensed as would be a hotel.