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.