Short-Stay rental of your spare suite

Holidaymakers, visiting family and friends of locals, and travelling workers or event visitors staying a few nights.

A nightly rate plus a cleaning fee, with prices adjusted for season and local events. Booking platforms take a commission.

• Reliable guest communication
• Keeping a space spotless
• Pricing and calendar management

• Many cities and provinces require registration or a licence for short-term rentals, and some limit them to principal residences. Check before listing
• Quebec requires tourist accommodation registration, so check with the provincial authority if you are there
• Standard home insurance may not cover paying guests. Ask your insurer about short-term rental cover
• Check whether GST/HST, provincial sales tax or a municipal accommodation tax applies to your stays
• Condo or strata bylaws and lease terms can ban short stays
• Winter and off-season months can be quiet, so plan for gaps

Startup costs are estimated at typically around $2,000 to $10,000, depending on how much furnishing, linen and equipment the suite needs and how you set up your listing. Cleaning and turnover costs between stays are also worth budgeting for.

Monthly revenue is estimated at typically around $800 to $3,500, depending on location, nightly rate and how often it is booked. Winter and off-season months can be quiet, so plan for gaps. Revenue is not profit.

Check this before listing. Many cities and provinces require registration or a licence, and some limit short stays to principal residences. In Quebec, check tourist accommodation registration. Also check your home insurance, tax rules, and any condo bylaws or lease terms.