When is the best time to rent out your home?<\/p>\n
With the new year, this is a question that many landlords ask themselves. The answer is not as simple as a season or a single month in the year \u2013 instead there are a number of things you have to keep in mind. You need to consider the economy, the number of rentals available, as well as the success of renting in previous months\/years. All of these things are easily accessible and analyzed with the Rentfaster.ca Pricing Tool. With a free account, you can access data from previous years and analyze rental statistics for all Canadian cities. So, to answer the question of when is the best time to rent \u2013 we have broken down the most popular months to rent out your home!<\/p>\n
Note: Some areas are new to Rentfaster.ca. Number of listings and other data may be lower than other major cities.<\/em><\/p>\n <\/p>\n The best months to rent out your home will depend upon the number of listings. When there are a higher number of listings, although there is more competition, it is usually the time when people are looking to rent. Landlords know that these particular months are the most popular for people moving and making life transitions (eg: School year starts, avoiding holidays, etc). Therefore, they list their rentals in that time frame. In the previous year of 2017, the months that had the highest number of listings were:<\/p>\n Depending on how fast you want to rent out your home, it is important to take these things into consideration. Listing your rental in a time of higher competition (with high numbers of listings) may mean that it takes longer to find a tenant. Whereas listing your rental in a time of low competition may mean that it will take longer to rent out your home compared to popular months.<\/p>\n <\/p>\n If you are looking to make more of a profit from listing your rental, then you need to consider the peak and decline of the economy. To determine your perfect rental price, you also need to take into account how many listings are available (see above point). These other listing prices will be your competition and may require you to increase or decrease your price based upon the month and number of listings. The months that had the highest average price in the year of 2017 were:<\/p>\n <\/p>\n The Rentfaster.ca website is filled with excellent tools that can assist you in determining:<\/p>\n The \u2018Average Days on the Market\u2019 graphing tool is new to the Rentfaster site. This tool will tell you the average timeline it takes to rent out your home based upon each month\u2019s popularity. Here are the current statistics for the most popular months to rent out your home based upon the lowest average days on the market (for the year 2016):<\/p>\n Note: Data is limited for particular cities due to fewer listings in the year 2016. \u00a0\u2013 2017 data will be available in the new year.<\/em><\/p>\n <\/p>\n To access more specific data (type of home, number of bedrooms, location, etc.) for your own rental, create your free Rentfaster.ca account and go to the \u2018Pricing Tool\u2019 page. There, you can narrow your search for rentals that are similar to your own and analyze which month will be perfect for you to rent! Once you find the best month to rent out your home and have your listing all set up, get ready to rent out your home\u2026 faster!<\/p>\n","protected":false},"excerpt":{"rendered":" Most Popular Months to Rent Out Your Home When is the best time to rent out your home? With the new year, this is a question that many landlords ask themselves. The answer is not as simple as a season or a single month in the year \u2013 instead there are a number of things […]<\/p>\n","protected":false},"author":6,"featured_media":818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1,364],"tags":[346,342,221,345,344,341,83,343],"class_list":["post-817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-all-posts","category-landlord","tag-best-months-to-rent-out-your-home","tag-best-time-to-rent","tag-home-rental","tag-popular-months-to-rent","tag-rent-faster","tag-rent-out-your-home","tag-rentfaster-ca","tag-renting-out-your-home"],"yoast_head":"\nNumber of Listings<\/strong><\/h3>\n
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Average Price<\/strong><\/h3>\n
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Average Days on the Market<\/strong><\/h3>\n
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