Category: All About Airbnb

Airbnb Rules in Kelowna

Post author By Robyn Peña
Post date August 31, 2022

In this article, we featured Airbnb regulations in Kelowna along with short-term let policies, rental properties, things to consider in property investment, and more. Continue reading and learn more about the Airbnb rules in Kelowna.

Is Airbnb legal in Kelowna?

Don’t worry, Airbnb is legal in Kelowna! This city is known for its award-winning vineyards and wineries.

Here is a little proof! As of July 2022, there are 12,194 nights available in Kelowna from Airbnb alone. Kelowna Resort Accommodations manages 49 listings, while Locations and Cole operates 32 and 31 respectively.

How much can I make by running an Airbnb in Kelowna?

Currently, there are 617 Airbnb listings in Kelowna, with 48% of entire houses earning up to C$3,378 a month. The Average Occupancy Rate in Kelowna is 61% and the average daily rate is C$164. According to short-term rental properties data source Airbtics, a 2-bedroom apartment in Kelowna can make up to C$56,533 each year. Check out our Airbnb Income Calculator!

Short-term Rental Policy in Kelowna

Anyone operating a short-term rental in Kelowna must apply for a business licence. A homeowner or primary resident can legally rent their principal residence (or a bedroom within their residence) for periods of less than 30 days in certain zones in the city.
Annual business licences for short-term rentals cost $345 for principal residences and $750 for non-principal residences. These fees reflect the cost of implementation and compliance oversight activities. Short-term rental operators are required to renew their licence annually and ensure all documentation is accurate and up-to-date for the new year.
The City actively inspects short-term rentals. Operators must provide access to their short-term rental accommodation for the City to inspect, upon request.
Short-term rentals are NOT allowed in secondary suites or carriage houses.
Your short-term rental application is required to include a parking plan that outlines and labels each parking stall to show that there is enough room to support a short-term rental, as well as any other uses, within your property lines.

Rental Demand in Kelowna

There are many hosts who are doing rental arbitrage in Canada as it does not require you to own a property. Despite the fact that the price rent in Kelowna has increased, its demand and rental rate are also growing! Based on a recent rental housing inventory in Kelowna, their new rental buildings are located near public transportation, employment, and amenities.

Source: Kelowna Rental Demand

Property Investment in Kelowna

If you are looking to start an Airbnb business in Canada, particularly in Kelowna, you have to consider which areas are the most profitable. Whether it is located in the city centre or in the countryside, knowing your estimated annual revenue and high-return investment opportunities is important. Using an accurate short-term rental calculator, it shouldn’t be a difficult task at all!

Rental Properties in Kelowna

Once you have decided to buy a property, you have to consider the average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. It could be a challenge to find rented properties in Kelowna, so here are some of the most recommended areas that you can look into & consider purchasing:

Area	Average House Price	Average Rent Price (pcm)	Average Airbnb Revenue
North End	C$1,414,071	C$1,850	C$3,568
Lower Mission	C$893,000	C$1,045	C$2,588
Downtown	C$699,958	C$2,300	C$4,060

Conclusion

In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15-30% gross rental yields, and 10-20% net. It’s also fun to do!

Tags Airbnb Rules & Regulations, lat_49.8879177, lng_-119.495902

Airbnb Rules All About Airbnb

Airbnb Rules in Whistler

Post author By Robyn Peña
Post date August 31, 2022

If you are looking to buy investment properties in Canada, knowing the Airbnb rules in your preferred city is the first step. It’s also important to consider the occupancy rates in Canada in order to have successful investment & long-term profitability! In this article, we featured Airbnb regulations in Whistler along with short-term let policies, rental properties, things to consider in property investment, and more. Continue reading and learn more about the Airbnb rules in Whistler.

Is Airbnb legal in Whistler?

Don’t worry, Airbnb is legal in Whistler! This city is home to skiing and snowboarding in the wintertime & mountain biking during the summer – which is perfect for the majority of vacationers.

Here is a little proof! As of July 2022, there are 20,727 nights available in Whistler from Airbnb alone. Vacasa Canada manages 315 listings, while Whistler Platinum and Blackcomb Peaks operate 96 and 92 respectively.

How much can I make by running an Airbnb in Whistler?

Currently, there are 1,223 Airbnb listings in Whistler, with 40% of entire houses earning up to C$3,245 a month. The Average Occupancy Rate in Whistler is 51% and the average daily rate is C$225. According to vacation rental properties market data source Airbtics, a 2-bedroom apartment in Whistler can make up to C$84,392 each year. Want to discover how much can you make on Airbnb? Then check out our Airbnb Calculator!

Short-term Rental Policy in Whistler

It is required to have business licences for all tourist accommodation activity, including the marketing of properties/units. If your unit is rented solely through a property management company, you are covered by their business licence.
To obtain a business licence and market a property as tourist accommodation, the property’s zoning must list tourist accommodation or temporary accommodation as a permitted use. Properties with residential zoning may not be marketed as available to tourists, for any length of time.
It is also necessary to give consideration to registered covenants that may affect a property. Development, rental pool and other covenants may place restrictions and obligations on property use.
In Whistler, “residential” zoning means a fixed place of living, to which a person intends to return when absent. Therefore, regardless of the length of stay, tourist accommodation is not permitted in any residential-zoned area. To advertise and rent your property to tourists, your property’s zoning must state that tourist accommodation or temporary accommodation is a permitted use.
The new bylaw establishes new contemporary definitions, operational rules and inspection requirements which must be met before opening.
Under the new bylaw, these licences remain the property of the city and are non-transferrable. In addition, any operator who receives three violation notices will have their licence suspended. Anyone caught operating without a licence would be subject to a chargeable offence.
The city requires a $65 fee per year for a tourist-home licence. A new annual fee of $500 will be required for a new vacation rental unit or bed and breakfast licence (or change of ownership), and an annual fee of $250 for the renewal of any existing licence.

Rental Demand in Whistler

There are many hosts who are doing rental arbitrage in Canada as it does not require you to own a property. Based on the rental demand data in Whistler, rental and leasing have contributed to the largest portion of the area’s GDP at 26.2%.

Source: Whistler BC Economic Data

Property Investment in Whistler

If you are looking to start an Airbnb business in Canada, particularly in Whistler, you have to consider which areas are the most profitable. Whether it is located in the city centre or in the countryside, knowing your estimated annual revenue and high-return investment opportunities is important. Using an accurate short-term rental calculator, it shouldn’t be a difficult task at all!

Rental Properties in Whistler

Once you have decided to buy a property, you have to consider the average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. It could be a challenge to find rented properties in Whistler, so here are some of the most recommended areas that you can look into & consider purchasing:

Area	Average House Price	Average Rent Price (pcm)	Average Airbnb Revenue
Whistler Creek	C$999,050	C$2,200	C$4,164
Blackcomb	C$1,928,667	C$1,516	C$5,136
Nesters	C$685,000	C$2,040	C$5,537

Conclusion

Tags Airbnb Rules & Regulations, lat_50.1171903, lng_-122.9543022

Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Niagara Falls

Post author By Robyn Peña
Post date August 30, 2022

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! In this article, we featured the entire process of Airbnb rental arbitrage in Niagara Falls, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage?

Rental Arbitrage is a way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property!

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time.

Here’s a proof! In Niagara Falls, Harjot manages 27 listings and I’m pretty sure that he doesn’t own all the properties. He made C$1,688,870 in the last 12 months.

How much can I make with rental arbitrage in Niagara Falls?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Niagara Falls Centre, located in the L2E district, where the majority of tourists from all over the world prefer to stay.

This neighborhood is mostly preferred by vacationers because of its easy-going vibe and accessibility to public transportation & restaurants. Hence, the rental demand constantly increasing!

Profit & Monthly Expense in Niagara Falls

Based on Airbtics’ data, you can earn a whopping C$5,778 per month for a 3-bedroom apartment in Niagara Falls Centre alone. With the data provided, you can certainly tell that investing in a property in Niagara Falls is profitable!

Average Rent Price	Airbnb Monthly Revenue	Monthly Expense	Monthly Profit
C$2,295	C$5,778	C$1,156	C$2,327

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$5,778-C$2,295-C$1,156= C$2,327).

Startup Cost in Niagara Falls

Now that you have an overview of how much your monthly expense and revenue is, let’s talk about the start-up cost! How long does it take for an investor like you to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price)	Cash Return Time
C$6,590	3 months

The average estimated startup cost (for furnishing) in Niagara Falls is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$4,590). Now that we have a total startup cost of C$6,590, cash return time can be calculated by dividing this by the monthly profit (C$2,327).

Given your monthly revenue of C$2,327, it will take approximately 3 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Niagara Falls!

Best Areas for Rental Arbitrage in Niagara Falls

Before investing in a particular area in Niagara Falls, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Niagara Falls ranked by their annual revenue, along with their occupancy & daily rates!

1. Niagara Falls Centre (L2E)

Named after the famous waterfalls itself, the Niagara Falls Centre is a popular neighborhood because of its easy accessibility to tourist attractions, shopping districts, restaurants, and more! Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,650	C$2,989	86%	C$172
2-bedrooms	C$1,950	C$3,107	68%	C$219
3-bedrooms	C$2,295	C$5,778	78%	C$272

According to our Airbtics Dashboard, there are more than 57 Airbnb listings with 12 condo properties and 12 one-bedroom properties in this area. The monthly revenue for most properties in Niagara Falls Centre is more than C$2,366 per month with occupancy being more than 33%.

2. Ryerson (M5B)

Known as the 2nd most walkable neighborhood in Niagara Falls, the neighborhood of Ryerson targets both students from Ryerson University & tourists. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,800	C$2,773	73%	C$142
2-bedrooms	C$2,100	C$2,865	65%	C$188
3-bedrooms	C$2,400	C$3,821	60%	C$353

This area has a total of 91 Airbnb listings with 37 private room properties and 36 one-bedroom properties. The monthly revenue for most properties in Ryerson is more than C$3,025 per month with occupancy being more than 54%.

3. Corwin (L2G)

This neighborhood is generally great for all kinds of households and there’s a solid 42% of renters among those who are living in the area. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,500	C$2,127	66%	C$164
2-bedrooms	C$1,950	C$3,077	73%	C$189
3-bedrooms	C$2,195	C$3,568	62%	C$239

This area has a total of 32 Airbnb listings with 9 private room properties and 14 one-bedroom properties. The monthly revenue for most properties in Corwin is more than C$1,789 per month with occupancy being more than 45%.

Short-term rental regulations in Niagara Falls

To begin with, it’s certainly important to be familiar with the Airbnb rules in Niagara Falls to make sure that your business will run smoothly. Here are some of the short-term rental regulations and ordinances to take note of:

A licensed Bed and Breakfast (BNB) is permitted with an owner occupied detached dwelling (or dwelling unit of a duplex or semi-detached dwelling), where these dwellings are permitted in residential and commercial zones, subject to the regulations contained in By-law No. 2018-91.
Operators of Vacation Rental Units and Bed and Breakfasts are to be in possession of an active license to operate. Applications for Vacation Rental Units and Bed & Breakfasts can be found on the Business Licensing Page.
Council passed a bylaw to allow a bed and breakfast of up to three bedrooms in an owner-occupied dwelling unit in three residential zones and up to four bedrooms in the River Road district.
The new bylaw establishes new contemporary definitions, operational rules and inspection requirements which must be met before opening.
Under the new bylaw, these licences remain the property of the city and are non-transferrable. In addition, any operator who receives three violation notices will have their licence suspended. Anyone caught operating without a licence would be subject to a chargeable offence.
The city requires a $65 fee per year for a tourist-home licence. A new annual fee of $500 will be required for a new vacation rental unit or bed and breakfast licence (or change of ownership), and an annual fee of $250 for the renewal of any existing licence.

Rental Properties in Niagara Falls

The largest market for tourists in Ontario is Niagara Falls with over 12.95 million annual visitors! According to local news, rental properties in Niagara are skyrocketing, with a 25.5% increase in just three years.

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Victoria:

1. Point 2 Homes

2. Realtor Ca

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative!

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

Craigslist allows renters to specifically state what kind of property they are looking for. You can try typing in ‘landlords allowing Airbnb’ or ‘sublease property in (city name)’ and try other keywords to get you on the right track.
Facebook marketplace has a vast community of landlords & renters, so you can try joining the right groups to lead you on the right path. Here are some of the finest Facebook groups that you can join:

Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Tags Airbnb Rental Arbitrage, lat_43.10664367675781, lng_-79.06395721435547

Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Victoria

Post author By Robyn Peña
Post date August 30, 2022

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! In this article, we featured the entire process of Airbnb rental arbitrage in Victoria, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage?

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time.

Here’s a proof! In Victoria, Angela manages 24 listings and I’m pretty sure that she doesn’t own all the properties. She made C$970,541 in the last 12 months.

How much can I make with rental arbitrage in Victoria?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is James Bay, located in the V8V district, where some of the popular tourist destinations are situated.

This neighborhood is attractive for tourists and locals who like to be surrounded by a combination of nature, parks, and museums! During the summertime, many vacationers try their carriage tours and cruise ships at Ogden Point, hence the rental demand at peak!

Profit & Monthly Expense in Victoria

Based on Airbtics’ data, you can earn a whopping C$5,335 per month for a 3-bedroom apartment in James Bay alone. With the data provided, you can certainly tell that investing in a property in Victoria is profitable!

Average Rent Price	Airbnb Monthly Revenue	Monthly Expense	Monthly Profit
C$3,300	C$5,335	C$1,067	C$968

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$5,335-C$3,300-C$1,067= C$968).

Startup Cost in Victoria

Total Startup Cost (Average startup cost + 2 months rent price)	Cash Return Time
C$8,600	9 months

The average estimated startup cost (for furnishing) in Victoria is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$6,600). Now that we have a total startup cost of C$8,600, cash return time can be calculated by dividing this by the monthly profit (C$968).

Given your monthly revenue of C$968, it will take approximately 9 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Victoria!

Best Areas for Rental Arbitrage in Victoria

Before investing in a particular area in Victoria, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Victoria ranked by their annual revenue, along with their occupancy & daily rates!

1. Downtown (V8T)

Downtown Victoria is the business centre of Greater Victoria and is known for its main attraction, the BC provincial legislative buildings! Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
Studio	C$1,350	C$3,692	89%	C$163
1-bedroom	C$1,700	C$4,614	92%	C$290
2-bedrooms	C$1,564	C$3,741	89%	C$298

According to our Airbtics Dashboard, there are more than 438 Airbnb listings with 299 condo properties and 256 one-bedroom properties in this area. The monthly revenue for most properties in Downtown is more than C$4,753 per month with occupancy being more than 86%.

2. Fairfield (M6K)

Bounded by James Bay, Fairfield is a popular neighborhood for young families because of its amenities, parks, and schools. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
Studio	C$1,240	C$3,084	89%	C$215
1-bedroom	C$1,888	C$3,517	92%	C$212
2-bedrooms	C$2,750	C$4,200	78%	C$457

This area has a total of 61 Airbnb listings with 7 condo properties and 24 one-bedroom properties. The monthly revenue for most properties in Fairfield is more than C$4,598 per month with occupancy being more than 85%.

3. James Bay (V8V)

If you are looking to target various kinds of tourists and prefer long-term profitability in the business, this area might be the best one to invest in! The neighborhood of James Bay is home to the Fisherman’s Wharf and Royal BC Museum which attracts a handful of vacationers. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$2,400	C$3,084	89%	C$215
2-bedrooms	C$2,600	C$5,086	82%	C$320
3-bedrooms	C$4,500	C$7,393	87%	C$502

This area has a total of 73 Airbnb listings with 19 private room properties and 31 one-bedroom properties. The monthly revenue for most properties in James Bay is more than C$3,734 per month with occupancy being more than 86%.

Short-term rental regulations in Victoria

To begin with, it’s certainly important to be familiar with the Airbnb rules in Victoria to make sure that your business will run smoothly. Here are some of the short-term rental regulations and laws to take note of:

You are NOT eligible if the short-term rental unit is a self-contained dwelling suite, except for when a renter rents it out on occasion with the owner’s permission.
It is required to have a Short-Term Rental Business Licence. The price for a principal residence is $150, while all other types of short-term rentals are $1,500.
If you are denied a short-term rental business licence, you may request that Council reconsider your business licence application. You will have an opportunity to submit your reasons for reconsideration and Council may decide to either uphold or deny your appeal for a business licence.
You are eligible if your short-term rental unit is your principal residence.
- The whole home on occasion (for example, when you are on vacation);
- Up to two bedrooms in your home with a shared kitchen and living spaces.
You are eligible if you own a legally non-conforming unit where transient accommodation was a permitted use. Changes to the Zoning Bylaw now prohibit short-term rentals in residential units where “transient accommodation” was a permitted use in zoning. However, properties may be considered legally non-conforming under this use if they have been operating a short-term rental in a transient accommodation zone prior to the zoning changes, and comply with strata regulations and operating requirements.

Rental Properties in Victoria

Victoria is known as the City of Gardens and boasts its Inner Harbour & museums. According to local news, rental growth is expected to rise up to 10% in Victoria!

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Victoria:

1. Rentals Ca

2. Zumper

How to Find Landlords for Airbnb Rental Arbitrage

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

Real Estate Websites

However, you can also find apartment & condominium properties online in the following websites:

Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

Craigslist allows renters to specifically state what kind of property they are looking for. You can try typing in ‘landlords allowing Airbnb’ or ‘sublease property in (city name)’ and try other keywords to get you on the right track.
Facebook marketplace has a vast community of landlords & renters, so you can try joining the right groups to lead you on the right path. Here are some of the finest Facebook groups that you can join:

Communicate with Landlords

Tags Airbnb Rental Arbitrage, lat_48.4283182, lng_-123.3649533

Airbnb Rules All About Airbnb

Airbnb Rules in Niagara Falls Ontario: What You Need To Know

Post author By Robyn Peña
Post date August 30, 2022

Airbnb Rules in Niagara Falls Ontario: What You Need To Know: Airbnb & short-term rental rules are important for hosts and property investors’ success in Niagara Falls, Canada. Find out more & be a pro!

Home > Resources > Airbnb Regulations >

Airbnb & short-term rental rules are important for hosts and property investors’ success in Niagara Falls, Canada. Find out more & be a pro!

August 30, 2023

If you are looking to buy investment properties in Canada, knowing the Airbnb rules in your preferred city is the first step. It’s also important to consider the occupancy rates in Canada in order to have successful investment & long-term profitability! In this article, we featured Airbnb regulations in Niagara Falls along with short-term let policies, rental properties, things to consider in property investment, and more. Continue reading and learn more about the Airbnb rules in Niagara Falls Ontario.

Is Airbnb legal in Niagara Falls?

Don’t worry, Airbnb is legal in Niagara Falls! This city is home to the famous waterfalls itself – Niagara Falls and is a popular neighborhood because of its easy accessibility to tourist attractions, shopping districts, restaurants, and more.

Here is a little proof! As of August 2023, there are 610 active listings in Niagara Falls. In fact, David manages 17 listings, while CChloe and Vacarya operate 15 and 9 respectively.

How much can I make by running an Airbnb in Niagara Falls?

Most of the listings in Niagara Falls are entire houses. They have an average occupancy rate of 48% and can earn up to C$37,290.

Meanwhile, the Average Occupancy Rate in Niagara Falls is 46% and the average daily rate is C$169. According to short-term rental market data source Airbtics, a 2-bedroom house in Niagara Falls can make up to C$33,914 each year. Check out our Short-term Rental Income Calculator!

Short-term Rental Policy in Niagara Falls

A licensed Bed and Breakfast (BNB) is permitted with an owner-occupied detached dwelling (or dwelling unit of a duplex or semi-detached dwelling), where these dwellings are permitted in residential and commercial zones, subject to the regulations contained in By-law No. 2018-91.
Operators of Vacation Rental Units and Bed and Breakfasts are to be in possession of an active license to operate. Applications for Vacation Rental Units and Bed & Breakfasts can be found on the Business Licensing Page.
Council passed a bylaw to allow a bed and breakfast of up to three bedrooms in an owner-occupied dwelling unit in three residential zones and up to four. bedrooms in the River Road district.
The new bylaw establishes new contemporary definitions, operational rules, and inspection requirements which must be met before opening.
Under the new bylaw, these licenses remain the property of the city and are non-transferrable. In addition, any operator who receives three violation notices will have their license suspended. Anyone caught operating without a license would be subject to a chargeable offense.
The city requires a $65 fee per year for a tourist-home license. An initial application fee of $500 will be required for a new vacation rental unit or bed and breakfast license (or change of ownership), and an annual fee of $250 for the renewal of any existing license. Access the application form here.

Discover the most profitable Canada Airbnb markets around where you live.

Comprehensive Exploration of Short-term rental & Real Estate Trends in the Top 40 Canada Cities for Prime Airbnb Investments! Find the best places to own and invest an Airbnb.

Rental Demand in Niagara Falls

There are many hosts who are doing rental arbitrage in Canada as it does not require you to own a property. Based on a recent real estate report on Niagara Falls, the housing demand continues to rise, although slowly.

Source: Niagara Falls CA Housing Demand

Property Investment in Niagara Falls

If you are looking to start an Airbnb business in Canada, particularly in Niagara Falls, you have to consider which areas are the most profitable. Whether it is located in the city center or in the countryside, knowing your estimated annual revenue and high-return investment opportunities is important. Using an accurate short-term rental calculator shouldn’t be a difficult task at all!

Rental Properties in Niagara Falls

Once you have decided to buy a property, you have to consider the average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. It could be a challenge to find rented properties in Niagara Falls, so here are some of the most recommended areas that you can look into & consider purchasing:


Area	Average House Price	Annual Airbnb Revenue	Gross Rental Yield
Niagara Falls Centre	C$707,450	C$39,971	5.65%
Ryerson	C$639,000	C$35,002	5.48%
Corwin	C$717,000	C$44,630	6.22%

Area

Airbnb Dataset

Niagara Falls Centre

Average House Price: C$707,450
Annual Airbnb Revenue: C$39,971
Gross Rental Yield: 5.65%

Ryerson

Average House Price: C$639,000
Annual Airbnb Revenue: C$35,002
Gross Rental Yield: 5.48%

Corwin

Average House Price: C$717,000
Annual Airbnb Revenue: C$44,630
Gross Rental Yield: 6.22%

The figures above are just estimates. House prices and Airbnb revenue vary. So, make sure that you find the best property type as well as the best number of bedrooms in your prospective Airbnb market.

Conclusion

In my personal opinion, the biggest advantage of running a short-term rental is a high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15-30% gross rental yields, and 10-20% net. It’s also fun to do!

Unlock Worldwide
Short-Term Rental Data

Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data

Find unsaturated neighborhoods with the highest occupancy history.

Jährliche Airbnb-Einnahmen in cologne-deutschland

Arnav June 25, 2024

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Tags Airbnb Rules & Regulations, lat_43.10664367675781, lng_-79.06395721435547

Airbnb Rules All About Airbnb

Airbnb Rules in Victoria

Post author By Robyn Peña
Post date August 30, 2022

If you are looking to start an Airbnb business in Canada, knowing the Airbnb rules in your preferred city is the first step. It’s also important to consider the occupancy rates in Canada in order to have successful investment & long-term profitability!

In this article, we featured Airbnb regulations in Victoria along with short-term let policies, rental properties, things to consider in property investment, and more. Continue reading and learn more about the Airbnb rules in Victoria.

Is Airbnb legal in Victoria?

Don’t worry, Airbnb is legal in Victoria! This city is home to numerous tech companies and offers many tourism job opportunities for locals. Victoria also accommodates millions of visitors annually and it directly affects the rental demand.

Here is a little proof! As of July 2022, there are 16,173 nights available in Victoria from Airbnb alone. Co-Hosts manages 33 listings, while Victoria Prime Services and Angela operate 28 and 24 respectively.

How much can I make by running an Airbnb in Victoria?

Currently, there are 768 Airbnb listings in Victoria, with 40% of entire houses earning up to C$4,380 a month. The Average Occupancy Rate in Victoria is 86% and the average daily rate is C$155. According to vacation rental market data source Airbtics, a 2-bedroom apartment in Victoria can make up to C$78,720 each year. Check out our Short-term Rental Calculator to know how much profit you can make with Airbnb!

Short-term Rental Policy in Victoria

You are NOT eligible if the short-term rental unit is a self-contained dwelling suite, except for when a renter rents it out on occasion with the owner’s permission.
It is required to have a Short-Term Rental Business Licence. The price for a principal residence is $150, while all other types of short-term rentals are $1,500.
If you are denied a short-term rental business licence, you may request that Council reconsider your business licence application. You will have an opportunity to submit your reasons for reconsideration and Council may decide to either uphold or deny your appeal for a business licence.
You are eligible if your short-term rental unit is your principal residence:
- The whole home on occasion (for example, when you are on vacation);
- Up to two bedrooms in your home with a shared kitchen and living spaces.
You are eligible if you own a legally non-conforming unit where transient accommodation was a permitted use. Changes to the Zoning Bylaw now prohibit short-term rentals in residential units where “transient accommodation” was a permitted use in zoning. However, properties may be considered legally non-conforming under this use if they have been operating a short-term rental in a transient accommodation zone prior to the zoning changes, and comply with strata regulations and operating requirements.

Rental Demand in Victoria

There are many hosts who are doing rental arbitrage in Canada as it does not require you to own a property. Based on a recent Victoria rent report, it has the highest annual rental growth of 27% next to Hamilton.

Source: Victoria BC Rental Demand

Property Investment in Victoria

If you are looking to start an Airbnb business in Canada, particularly in Victoria, you have to consider which areas are the most profitable. Whether it is located in the city centre or in the countryside, knowing your estimated annual revenue and high-return investment opportunities is important. Using an accurate short-term rental calculator, it shouldn’t be a difficult task at all!

Rental Properties in Victoria

Once you have decided to buy a property, you have to consider the average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. It could be a challenge to find rented properties in Victoria, so here are some of the most recommended areas that you can look into & consider purchasing:

Area	Average House Price	Average Rent Price (pcm)	Average Airbnb Revenue
Downtown	C$862,000	C$1,350	C$3,692
Fairfield	C$990,000	C$1,240	C$2,244
James Bay	C$1,074,000	C$1,850	C$3,264

Conclusion

Tags Airbnb Rules & Regulations, lat_48.4283182, lng_-123.3649533

Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Toronto

Post author By Robyn Peña
Post date August 25, 2022

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: You don’t need to own a property to start the Airbnb rental arbitrage business!

Moreover, one of the most important factors to consider is the location and among the best cities to own a rental property in Canada is Toronto.

In this article, we featured the entire process of Airbnb rental arbitrage in Toronto, its profitability, along the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage?

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time.

Here’s a proof! In Toronto, Julie manages 42 listings and I’m pretty sure she doesn’t own all the properties. She made C$1,737,314 in the last 12 months.

Is Airbnb legal in Canada?

Here’s the catch: Airbnb is certainly legal in Canada! As particularly stated in Airbnb rules in Toronto, hosts are prohibited to operate less than 28 nights at a time for listings that don’t have a valid registration number. Listen to one of our featured hosts from Toronto in our podcast, Into The Airbnb:

https://open.spotify.com/episode/3bPvS8CUhixjdN781Ccz3c?si=2deea6db90b6409d

How much can I make with rental arbitrage in Toronto?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Yorkville, located in the M5R district, which is the fastest-growing area in the country.

Since this neighborhood is situated near upscale restaurants and tourist destinations, it’s mostly preferred by tourists & young professionals – and has an incredible rental demand!

How much can I make with rental arbitrage in Toronto?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Yorkville, located in the M5R district, which is the fastest-growing area in the country.

Since this neighborhood is situated near upscale restaurants and tourist destinations, it’s mostly preferred by tourists & young professionals – and has an incredible rental demand.

Profit & Monthly Expense in Toronto

Based on Airbtics’ data, you can earn a whopping C$10,634 per month for a 3-bedroom apartment in Yorkville alone. With the data provided, you can certainly tell that investing in a property in Toronto is profitable!

Average Rent Price	Airbnb Monthly Revenue	Monthly Expense	Monthly Profit
C$4,500	C$10,634	C$2,127	C$4,007

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$10,634-C$4,500-C$2,127= C$4,007).

Startup Cost in Toronto

Total Startup Cost (Average startup cost + 2 months rent price)	Cash Return Time
C$11,000	3 months

The average estimated startup cost (for furnishing) in Toronto is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$4,500). Now that we have a total startup cost of C$11,000, cash return time can be calculated by dividing this by the monthly profit (C$4,007).

Given your monthly revenue of C$4,007, it will take approximately 3 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Toronto.

Best Areas for Rental Arbitrage in Toronto

Before investing in a particular area in Toronto, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Toronto ranked by their annual revenue, along with their occupancy & daily rates!

1. Cabbagetown

This popular and historic neighbourhood located in the downtown of Toronto is home to many artists, musicians, and writers. It’s a preferred area for many young professionals and people who want to enjoy the energy of this culturally rich place!

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,723	C$2,816	93%	C$153
2-bedrooms	C$2,050	C$3,694	90%	C$211
3-bedrooms	C$3,750	C$5,357	89%	C$418

According to our Airbtics Dashboard, there are more than 93 Airbnb listings with 24 condo properties and 3 one-bedroom properties in this area. The monthly revenue for most properties in Cabbagetown is more than C$2,135 per month with occupancy being more than 71%.

2. King West

Located in Toronto’s downtown area, King West is claimed to have the most attractive property types. It is also the city’s largest and busiest transit route and is home to many business professionals! Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$2,375	C$3,432	91%	C$232
2-bedrooms	C$2,500	C$5,842	87%	C$409
3-bedrooms	C$4,200	C$5,946	87%	C$533

This area has a total of 331 Airbnb listings with 221 condo properties and 206 one-bedroom properties. The monthly revenue for most properties in King West is more than C$2,940 per month with occupancy being more than 68%.

3. Yorkville

If you are looking to target various kinds of tourists and prefer long-term profitability in the business, this area might be the best one to invest in! Home to Canada’s most exclusive shopping districts, this borough is one of the fastest-growing areas in the country. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$2,400	C$3,344	90%	C$223
2-bedrooms	C$2,600	C$4,762	81%	C$314
3-bedrooms	C$4,500	C$7,634	51%	C$1,651

This area has a total of 155 Airbnb listings with 17 private room properties and 101 one-bedroom properties in this area. The monthly revenue for most properties in Yorkville is more than C$3,282 per month with occupancy being more than 72%.

Short-term rental regulations in Toronto

To begin with, it’s certainly important to be familiar with the Airbnb rules in Toronto to make sure that your business will run smoothly. Here are some of the short-term rental regulations and laws to take note of:

Short-term rental operators must register with the City in order to operate in Toronto.
It is required to collect and remit a four percent (4%) Municipal. Accommodation Tax (MAT) on all rentals
Hosts will also need to provide the name and telephone number of an emergency contact person who will be available 24 hours a day during rental periods. The city of Toronto will also require that hosts keep all records of short-term rental activity which will need to be provided to the city upon request.
Under the new rules, Torontonians will only be able to host short-term rentals in their principal or primary residence, with homeowners and tenants both able to participate.
Hosts will also need to ensure that their property is located in a residential zone, or the residential component of mixed-use zones.
Hosts renting their entire home while they are away will only be able to rent their entire home for a maximum of 180 nights per year. While there is no limit to nights for renting private rooms, a host can only rent up to three bedrooms if they are renting multiple rooms in their residence.

Rental Properties in Toronto

Since Toronto is known for its cultural diversity, this metropolis is home to towering buildings and busy streets. While the number of executives & business professionals are increasing in Toronto, the demand for rentals also skyrockets!

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Toronto:

1.Toronto Rentals

2. Zillow

How to Find Landlords for Airbnb Rental Arbitrage

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

Real Estate Websites

However, you can also find apartment & condominium properties online on the following websites:

Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

Craigslist allows renters to specifically state what kind of property they are looking for. You can try typing in ‘landlords allowing Airbnb’ or ‘sublease property in (city name)’ and try other keywords to get you on the right track.
Facebook marketplace has a vast community of landlords & renters, so you can try joining the right groups to lead you on the right path. Here are some of the finest Facebook groups that you can join:

Communicate with Landlords

Tags Airbnb Rental Arbitrage, lat_43.6534817, lng_-79.3839347

Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Ottawa

Post author By Robyn Peña
Post date August 25, 2022

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! In this article, we featured the entire process of Airbnb rental arbitrage in Ottawa, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage?

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time.

Here’s a proof! In Ottawa, Lisa manages 25 listings and I’m pretty sure she doesn’t own all the properties. She made C$667,178 in the last 12 months.

How much can I make with rental arbitrage in Ottawa?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Lower Town, located in the K1N district, which is generally home to affluent young professionals in Ottawa.

Since this neighborhood is centrally located and accessible to tourist areas, it has had an exceptional rental demand over the years!

Profit & Monthly Expense in Ottawa

Based on Airbtics’ data, you can earn a whopping C$2,907 per month for a 2-bedroom apartment in Lower Town alone. With the data provided, you can certainly tell that investing in a property in Ottawa is profitable!

Average Rent Price	Airbnb Monthly Revenue	Monthly Expense	Monthly Profit
C$1,825	C$2,907	C$581	C$501

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$2,907-C$1,825-C$581 = C$501).

Startup Cost in Ottawa

Total Startup Cost (Average startup cost + 2 months rent price)	Cash Return Time
C$5,650	11 months

The average estimated startup cost (for furnishing) in Ottawa is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$3,650). Now that we have a total startup cost of C$5,650, cash return time can be calculated by dividing this by the monthly profit (C$501).

Given your monthly revenue of C$501, it will take approximately 11 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Ottawa!

Best Areas for Rental Arbitrage in Ottawa

Before investing in a particular area in Ottawa, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Ottawa ranked by their annual revenue, along with their occupancy & daily rates!

1. Vanier (K1L)

This neighborhood is one of the francophone areas in Ottawa and is also the least expensive neighborhood! Rental property investors who are looking for cash flow will discover great opportunities in Vanier. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,040	C$1,793	94%	C$109
2-bedrooms	C$1,600	C$2,289	83%	C$173
3-bedrooms	C$2,023	C$3,064	90%	C$173

According to our Airbtics Dashboard, there are more than 54 Airbnb listings with 40 entire home properties and 20 one-bedroom properties in this area. The monthly revenue for most properties in Vanier is more than C$1,580 per month with occupancy being more than 60%.

2. Byward Market (K1A)

Considered as Ottawa’s entertainment centre, Byward Market consists of affordable properties and a vibrant neighborhood! The median rent for a two-bedroom apartment in this area is also 26% higher than the entire city of Ottawa. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,675	C$2,488	72%	C$127
2-bedrooms	C$1,969	C$3,009	78%	C$153
3-bedrooms	C$1,900	C$3,336	63%	C$191

This area has a total of 54 Airbnb listings with 7 condo properties and 22 one-bedroom properties. The monthly revenue for most properties in Byward Market is more than C$1,478 per month with occupancy being more than 51%.

3. Lower Town (K1N)

Aside from this neighborhood’s low crime rate, it also has inexpensive properties and has barely tracked inflation. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,400	C$2,628	74%	C$128
2-bedrooms	C$1,825	C$2,907	78%	C$188
3-bedrooms	C$2,300	C$3,264	82%	C$217

This area has a total of 118 Airbnb listings with 15 condo properties and 24 two-bedroom properties in this area. The monthly revenue for most properties in Lower Town is more than C$1,662 per month with occupancy being more than 62%.

Short-term rental regulations in Ottawa

To begin with, it’s certainly important to be familiar with the Airbnb rules in Ottawa to make sure that your business will run smoothly. Here are some of the short-term rental regulations and laws to take note of:

Homeowners can offer short-term rentals in their own home (principal residence).
Renters can offer short-term rentals in the rental unit that is their principal residence unless prohibited by their landlord.
Condominium and housing co-operative unit owners can offer short-term rentals in their principal residence unless prohibited by their condominium corporation or housing co-operative
Rural homeowners and cottage owners can offer “cottage rentals” with a separate permit. This must be separate from any permit for their primary residence.
Short-term rental hosts are only able to list (market or book) a short-term rental through short-term rental platforms registered with the City.
Must include the City-issued host permit number and the maximum number of overnight guests, as noted on the host permit, on all listings

Rental Properties in Ottawa

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Ottawa:

1. Point 2 Homes

2. Zillow

How to Find Landlords for Airbnb Rental Arbitrage

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

Real Estate Websites

However, you can also find apartment & condominium properties online in the following websites:

Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

Craigslist allows renters to specifically state what kind of property they are looking for. You can try typing in ‘landlords allowing Airbnb’ or ‘sublease property in (city name)’ and try other keywords to get you on the right track.
Facebook marketplace has a vast community of landlords & renters, so you can try joining the right groups to lead you on the right path. Here are some of the finest Facebook groups that you can join:

Communicate with Landlords

Tags Airbnb Rental Arbitrage, lat_45.4208777, lng_-75.6901106

Airbnb Rules All About Airbnb

Airbnb Rules in Ottawa

Post author By Robyn Peña
Post date August 25, 2022

If you are looking to buy investment properties in Canada, knowing the Airbnb rules in your preferred city is the first step. It’s also important to consider the other metrics such as the occupancy rates in Canada as well as the top cities for Airbnb rentals in order to have successful investment & long-term profitability! In this article, we featured Airbnb regulations in Ottawa along with short-term let policies, rental properties, things to consider in property investment, and more. Continue reading and learn more about the Airbnb rules in Ottawa.

Is Airbnb legal in Ottawa?

Don’t worry, Airbnb is legal in Ottawa! Ottawa is consistently ranked as the best place to live in Canada & is considered one of the best 100 cities in the world because of its diversity & strong economy.

Here is a little proof! As of June 2022, there are 21,289 nights available in Ottawa from Airbnb alone. Short And Suite manages 51 listings, while Corporate Stays and Lisa operates 35 and 25 respectively.

How much can I make by running an Airbnb in Ottawa?

Currently, there are 1,627 Airbnb listings in Ottawa, with 58% of entire houses earning up to C$1,578 a month. The Average Occupancy Rate in Ottawa is 59% and the average daily rate is C$82. According to vacation rental market data source Airbtics, a 2-bedroom apartment in Ottawa can make up to C$34,252 each year. Check out our Airbnb Income Calculator!

Short-term Rental Policy in Ottawa

Homeowners can offer short-term rentals in their own home (principal residence).
Renters can offer short-term rentals in the rental unit that is their principal residence unless prohibited by their landlord.
Condominium and housing co-operative unit owners can offer short-term rentals in their principal residence unless prohibited by their condominium corporation or housing co-operative.
Rural homeowners and cottage owners can offer “cottage rentals” with a separate permit. This must be separate from any permit for their primary residence.
Short-term rental hosts are only able to list (market or book) a short-term rental through short-term rental platforms registered with the City.
Must include the City-issued host permit number and the maximum number of overnight guests, as noted on the host permit, on all listings.

Rental Demand in Ottawa

There are many hosts who are doing rental arbitrage in Canada as it does not require you to own a property. Based on a recent Ottawa rent report, demand increased sufficiently and the vacancy rate remained stable at 3.4%.

Source: Ottawa Rental Demand

Property Investment in Ottawa

If you are looking to start an Airbnb business in Canada, particularly in Ottawa, you have to consider which areas are the most profitable. Whether it is located in the city centre or in the countryside, knowing your estimated annual revenue and high-return investment opportunities is important. Using an accurate short-term rental calculator, it shouldn’t be a difficult task at all!

Rental Properties in Ottawa

Once you have decided to buy a property, you have to consider the average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. It could be a challenge to find rental properties in Ottawa, so here are some of the most recommended areas that you can look into & consider purchasing:

Area	Average House Price	Average Rent Price (pcm)	Average Airbnb Revenue
Vanier	C$700,000	C$1,040	C$1,579
Byward Market	C$645,650	C$1,675	C$2,283
Lower Town	C$724,900	C$1,800	C$2,800

Conclusion

Tags Airbnb Rental Arbitrage, lat_45.4208777, lng_-75.6901106

Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Montreal

Post author By Robyn Peña
Post date August 25, 2022

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! In this article, we featured the entire process of Airbnb rental arbitrage in Montreal, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage?

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time.

Here’s a proof! In Montreal, Samuel manages 73 listings and I’m pretty sure he doesn’t own all the properties. He made C$1,388,440 in the last 12 months.

How much can I make with rental arbitrage in Montreal?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Rosemont-Petite Patrie, located in the H2G district with plenty of entertainment & business establishments.

Since this neighborhood is situated in the centre-east of the city and it’s considered of of the most attractive neighborhoods here, it’s mostly preferred by young professionals and small families & has incredible rental demand!

Profit & Monthly Expense in Montreal

Based on Airbtics’ data, you can earn a whopping C$3,741 per month for a 3-bedroom apartment in Rosemont-Petite Patrie alone. With the data provided, you can certainly tell that investing in a property in Montreal is profitable!

Average Rent Price	Airbnb Monthly Revenue	Monthly Expense	Monthly Profit
C$1,564	C$3,741	C$748	C$1,429

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$3,741-C$1,564-C$748 = C$1,429).

Startup Cost in Montreal

Total Startup Cost (Average startup cost + 2 months rent price)	Cash Return Time
C$5,128	4 months

The average estimated startup cost (for furnishing) in Montreal is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$3,128). Now that we have a total startup cost of C$5,128, cash return time can be calculated by dividing this by the monthly profit (C$1,429).

Given your monthly revenue of C$1,429, it will take approximately 4 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Montreal!

Best Areas for Rental Arbitrage in Montreal

Before investing in a particular area in Montreal, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Montreal ranked by their annual revenue, along with their occupancy & daily rates!

1. Rosemont-Petite Patrie (H2G)

Rosemont-Petite Patrie is becoming an alternative to investors because of its underpriced amenities. The majority of small families and young professionals generally prefer this borough because of its quiet and peaceful environment. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,032	C$2,068	91%	C$114
2-bedrooms	C$1,292	C$2,921	94%	C$176
3-bedrooms	C$1,564	C$3,741	89%	C$298

This area has a total of 343 Airbnb listings with 250 entire home properties and 186 one-bedroom properties in this area. The monthly revenue for most properties in Rosemont-Petite Patrie is more than C$1,795 per month with occupancy being more than 77%.

2. Downtown Montreal (H3G)

This area has plenty to offer to property investors: from shopping centres, tourist attractions, 3 well-known universities, and a pair of major sports stadiums! Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,461	C$2,225	84%	C$144
2-bedrooms	C$1,965	C$3,137	77%	C$203
3-bedrooms	C$2,550	C$4,019	68%	C$285

According to our Airbtics Dashboard, there are more than 702 Airbnb listings with 442 entire home properties and 332 one-bedroom properties in this area. The monthly revenue for most properties in Downtown Montreal is more than C$2,109 per month with occupancy being more than 63%.

3. The Old Port (Vieux-Montreal) (H2Y)

This neighborhood is a commercial real estate with plenty of rental opportunities. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,725	C$2,971	92%	C$259
2-bedrooms	C$2,105	C$4,662	77%	C$378
3-bedrooms	C$2,395	C$5,396	77%	C$395

This area has a total of 21 Airbnb listings with 7 one-bedroom properties and 4 two-bedroom properties. The monthly revenue for most properties in The Old Port is more than C$2,995 per month with occupancy being more than 74%.

Short-term rental regulations in Montreal

To begin with, it’s certainly important to be familiar with the Airbnb rules in Montreal to make sure that your business will run smoothly. Here are some of the short-term rental regulations and laws to take note of:

To rent accommodations to tourists in Montréal for 31 days or fewer, you need an establishment number and a classification certificate issued by the Corporation de l’Industrie Touristique du Québec.
It is required to put your establishment number on any advertisement to rent your space, whether online or offline.
Contact your permits counter to find out if your home is in an authorized area. A commercial or professional activity occupancy permit can then be issued.
If you are renting out your primary residence, you are not required to get a certificate of classification, unless you wish to do so. Nevertheless, other restrictions may apply depending on your municipalities regulations.
In Montreal, short-term tourist rentals are regulated by boroughs. You will need to find out if you are authorized to operate a tourist home in your borough and what the regulations are based on the city’s webpage.

Rental Properties in Montreal

Since Montreal has plenty of foreign students, business professionals, and international immigrants in the city, there is a relatively strong rental demand for rentals.

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Montreal:

1.Rentals

2. Centris

How to Find Landlords for Airbnb Rental Arbitrage

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

Real Estate Websites

However, you can also find apartment & condominium properties online in the following websites:

Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

Craigslist allows renters to specifically state what kind of property they are looking for. You can try typing in ‘landlords allowing Airbnb’ or ‘sublease property in (city name)’ and try other keywords to get you on the right track.
Facebook marketplace has a vast community of landlords & renters, so you can try joining the right groups to lead you on the right path. Here are some of the finest Facebook groups that you can join:

Communicate with Landlords

Tags Airbnb Rental Arbitrage, lat_45.5031824, lng_-73.5698065

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