Short-term leasing – Beware of compliance!

Modern hotel bed with sitting area, laptop, sleek decor and large window with curtains, comfortable room in Montreal.

Since January1, 2024, a measure has been in place to disallow expenses incurred (including interest charges) to earn income from short-term rentals if these are deemed to be non-conforming. The aim of this measure is to encourage the long-term rental of residential properties in order to alleviate the current housing crisis. Statistically, as of March […]