Whole-property holiday rental in Canada

Holidaying families and groups, couples on weekend breaks, and visitors for events or longer seasonal stays.

Nightly or weekly rates plus cleaning fees, with higher rates in peak seasons such as summer or ski season. Costs include cleaning, supplies, utilities and platform fees.

• Pricing and managing seasonal demand
• Guest communication and problem solving
• Organizing cleaners, keys and maintenance

• Many municipalities restrict or ban short-term rentals of second properties, so confirm it is allowed before buying furniture
• Specialist short-term rental or commercial insurance, since ordinary home or landlord policies may exclude paying guests
• Condo bylaws, lease terms and mortgage conditions that may prohibit rentals
• Income tax, GST/HST and municipal or provincial accommodation taxes, so consider speaking to an accountant
• Seasonality: winter or off-season gaps can leave you with costs but few bookings
• Property damage, noise complaints and safety items such as smoke and carbon monoxide alarms

Startup costs are typically estimated at around $5,000 to $25,000 CAD, depending on the property, how you furnish it and what set-up it needs before the first guests arrive. Check your own quotes before committing.

Monthly revenue is typically estimated at around $1,500 to $7,500, depending on location, season and how often you are booked. Winter or off-season gaps can leave you with costs but few bookings, so plan for seasonality.

Check whether your municipality restricts or bans short-term rentals before buying furniture. Also check condo bylaws, lease terms and mortgage conditions, insurance that covers paying guests, and income tax, GST/HST and accommodation taxes. An accountant can help.