The city of Montreal offers an rentals Montreal of entertainment, culture, and history for residents and visitors alike. Whether strolling through greenery at La Fontaine Park, visiting a piece of hockey history at the old Montreal Forum, or watching a game at the Bell Center, there’s always something to do in Canada’s second largest city. Finding a place to live, however, can be challenging for some. Luckily, rentals montreal are available to suit all budgets.

The average monthly rent for a rental in Montreal is C$2,100. This is higher than the national average of C$2,040, but lower than other Canadian cities like Vancouver and Toronto. However, the average is influenced by factors like location and age of the property, as well as supply and demand.

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Investors can achieve high returns by renting their properties as short-term accommodations. To do so, they must comply with the local regulations. These include obtaining an establishment number and a classification certificate from the Corporation de l’industrie touristique du Québec, displaying their establishment number in their rental advertisements, and ensuring that the property falls within an authorized tourist zone.

Other important factors to consider are negotiating favorable lease terms and investing in a reputable rental arbitrage software to manage bookings, guest inquiries, and maintenance requests. Investing in such services can help investors minimize risk while maximizing profits in the Montreal real estate market. It’s also crucial to understand the seasonal fluctuations in demand for short-term rentals, as these can affect the financial viability of the investment.