Dedicated furnished holiday apartment

Tourists, families on holiday, visiting workers and event or festival visitors.

Nightly fees and cleaning fees. Income depends on how many nights you book, and busy seasons often cover quieter ones.

• Pricing and booking management
• Organising cleaners and turnovers
• Budgeting for slow months

• Many municipalities and provinces require registration or a licence, and some restrict short-term rentals outside a principal residence. Check before you commit
• If you lease, get the landlord's permission in writing, because subletting without it can end the tenancy
• Check insurance designed for short-term rentals and commercial general liability cover
• Check whether GST/HST, provincial taxes or municipal accommodation tax apply to your stays
• Fixed costs continue in slow seasons, so keep a cash buffer
• If you hire cleaners as staff, check workers' compensation rules in your province

Startup costs are estimated at typically around $6,000 to $25,000, depending on the size of the unit, how it is furnished and equipped, and your insurance and setup choices. Fixed costs continue in slow seasons, so keep a cash buffer.

Monthly revenue is estimated at typically around $2,000 to $9,000, depending on location, nightly rate, number of units and how often they are booked. Slow seasons can leave gaps while costs continue. Revenue is not profit.

Check whether your municipality or province requires registration or a licence, and whether short-term rentals are restricted outside a principal residence. If you lease, get the landlord's permission in writing. Also check insurance, GST/HST, provincial and accommodation taxes, and workers' compensation rules if you hire cleaners.