Real Estate

Ottawa Real Estate market discussion

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Deal Addict
Jan 15, 2017
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Make sure you check with your home insurance provider. I know for auto policies the insurers want to know if you drive for any uber type service, so I am guessing your home insurer will want to know about any vrbo or airbnb type activity.
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Jun 28, 2003
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Thanks guys, I will check with the insurance provider and accountant. It is unlikely the income will be extraordinary as we live in Barrhaven (close to the train station and airport tho) but I have stayed with other AirBnB hosts and have really enjoyed the experience.

I am still gathering more info about the process but yes to make my listing attractive, I will have to price it low(er) from the get-go and perhaps offer additional services like picking up guests at the bus station or train station, time permitting.

I have not pushed ahead with this and will most likely miss the Canada Day bonanza, was just wondering if anyone has had direct experience doing this before or now. I have gathered some good tips from reddit but it's always good to hear first-hand account from local homeowners!
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Dec 13, 2016
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How long do condos take to sell in Ottawa? I have 11 properties bookmarked since a month ago and all of them are still listed.
Deal Addict
Jan 15, 2017
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BiegeToyota wrote:
May 24th, 2017 2:43 am
How long do condos take to sell in Ottawa? I have 11 properties bookmarked since a month ago and all of them are still listed.
In April, OREB noted that the average cumulative days on market dipped to 71 days.
Deal Addict
Jul 4, 2004
4363 posts
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Ottawa
skeet50 wrote:
May 23rd, 2017 8:19 am
Make sure you check with your home insurance provider. I know for auto policies the insurers want to know if you drive for any uber type service, so I am guessing your home insurer will want to know about any vrbo or airbnb type activity.
That's a very good point. That's one of the reasons I stopped having roommates years ago. Basically, my insurance told me that because I had a someone living in the house, they would not cover me for theft (even though I've never had a claim).
Deal Addict
Jul 4, 2004
4363 posts
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Ottawa
canabiz wrote:
May 23rd, 2017 7:48 pm
Thanks guys, I will check with the insurance provider and accountant. It is unlikely the income will be extraordinary as we live in Barrhaven (close to the train station and airport tho) but I have stayed with other AirBnB hosts and have really enjoyed the experience.

I am still gathering more info about the process but yes to make my listing attractive, I will have to price it low(er) from the get-go and perhaps offer additional services like picking up guests at the bus station or train station, time permitting.

I have not pushed ahead with this and will most likely miss the Canada Day bonanza, was just wondering if anyone has had direct experience doing this before or now. I have gathered some good tips from reddit but it's always good to hear first-hand account from local homeowners!
It takes about 15 minutes to get it going and, at least in my case, it was super fast once it was up. I thought it would take a while when we put our apartment up so I put it before we were ready - the next morning, I think I have 4 different people wanting to stay for the following weekend.

When you're ready to list it, if you want, PM me your email address and I'll send you a referral code and I'll split the referral with you.
Deal Addict
Nov 13, 2013
1457 posts
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Ottawa
BiegeToyota wrote:
May 24th, 2017 2:43 am
How long do condos take to sell in Ottawa? I have 11 properties bookmarked since a month ago and all of them are still listed.
It can be slow in Ottawa. It seems to be a stronger market than 2012-15. There were some buildings where inventory sat for years.
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Dec 13, 2016
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fogetmylogin wrote:
May 24th, 2017 9:10 am
It can be slow in Ottawa. It seems to be a stronger market than 2012-15. There were some buildings where inventory sat for years.
Jaysus
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Dec 23, 2010
1301 posts
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Moon
Any Mattamy pre-construction buyers willing to share their design book with me? I would like to see the pricing of the different times in design centre.
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Jun 28, 2003
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michelb wrote:
May 24th, 2017 8:52 am
It takes about 15 minutes to get it going and, at least in my case, it was super fast once it was up. I thought it would take a while when we put our apartment up so I put it before we were ready - the next morning, I think I have 4 different people wanting to stay for the following weekend.

When you're ready to list it, if you want, PM me your email address and I'll send you a referral code and I'll split the referral with you.
Will do. Are you getting paid weekly like Uber (depending on the frequency of guests I suppose).

Are you doing the screening, cleaning and maintenance yourself or do you go with an AirBnB property management company (I have seen a number of them offering their services on Kijiji). Obviously, it's more convenient that way but it will also cuts into the monthly income...
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Dec 13, 2016
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A question for the guy with AirBnb.

Are buildings on Ottawa generally open to this activity? I know my and many other condos in Toronto strictly prohibit short term rentals.

I am a non resident and would love to have a place with short term tenants because if I ever return to Canada I could use my place instead of paying thousands for hotels.

Also, are there any property managers who specialize with AirBnB rentals that will greet the guest and take care of cleaning afterwards?
Deal Addict
Jul 4, 2004
4363 posts
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Ottawa
canabiz wrote:
May 24th, 2017 7:10 pm
Will do. Are you getting paid weekly like Uber (depending on the frequency of guests I suppose).

Are you doing the screening, cleaning and maintenance yourself or do you go with an AirBnB property management company (I have seen a number of them offering their services on Kijiji). Obviously, it's more convenient that way but it will also cuts into the monthly income...
Mods, if this is too off topic, feel free to let me know by pm and I'll start a new thread with the info.

I don't actually know how Uber does it (I suspect they are more like a job) but as far as "paying for the service", it's the same, the company handles all payments and the guest and the host never exchange money. As far as getting paid, for AirBnb, basically you provide your banking info and they transfer the money into your account the day after the person arrives except for stays >30 days in which case you get paid monthly.

I pretty much don't screen anyone but I'm renting out a whole apartment rather than space in my house so it's different. FWIW, in one year we've had one bad guest - I probably wouldn't have screened them out anyway but my wife met them at the apartment and didn't like them right from the start. I have a couple of cleaning ladies so I pretty much never clean myself (although it's pretty frequent that I'll start the laundry before the cleaning lady arrives because that's the part that takes the most time (even with just a 1 bedroom apartment, I pretty much always need 2 full loads (one sheets / blankets / etc, one with towels, face clothes, dishrags, tablecloth, etc) so that takes often takes about 3 hours - I should note that I charge a cleaning fee that pretty much covers what I pay the cleaning lady. Maintenance I do little things myself but I have a handyman for pretty much any bigger job. I don't use a property management as I do everything myself but if I wasn't in the area, I would use one. That said there are basically two types : one that handles everything including putting on AirBnb and finding tenants. The other only takes care of managing the cleaning, getting calls if things are any problems, checking on the place, etc (I would use this type if I had to).

I think I probably spend 2-3 hours / week dealing with it but it's hard to say accurately as I don't track it at all. I'm at a computer all day so it's quite easy for me to reply within a few hours to any request which does help although you can probably do it just replying in the evening (except when your tenants themselves have questions in which case you pretty much need to be available within a reasonable time). I used to greet all the guests when they arrived and when they left but now I pretty much always let them get the key themselves from a lockbox.
Last edited by michelb on May 24th, 2017 9:30 pm, edited 1 time in total.
Deal Addict
Jul 4, 2004
4363 posts
599 upvotes
Ottawa
BiegeToyota wrote:
May 24th, 2017 9:03 pm
A question for the guy with AirBnb.

Are buildings on Ottawa generally open to this activity? I know my and many other condos in Toronto strictly prohibit short term rentals.

I am a non resident and would love to have a place with short term tenants because if I ever return to Canada I could use my place instead of paying thousands for hotels.

Also, are there any property managers who specialize with AirBnB rentals that will greet the guest and take care of cleaning afterwards?
I really don't have much information but I've heard rumours that most apartments around Ottawa are adding no 'short term' rentals clauses in the Condo Rules (and there's pretty much nothing you can do about it if they do). I've heard that some of them are only doing it to protect themselves but don't really care to enforce it while others are actively preventing it. We have 2 similar units and both of them have now added rules this year (This just happened and I'm trying to find out from my lawyer and from them if I can keep doing it and pay their $100 / month administration fee for violating the rules or if I really have to stop ... If you get a freehold home (townhouse, single family, duplex, etc), you obviously save that problem.

I'd be very surprised if there weren't property managers that specialise in this in Ottawa but I don't know of any.
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Jun 28, 2003
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Thanks for the info, michel!

Beige, here is 1 company that specializes in AirBnB management in the Ottawa area. I am not affiliated with them, I found them via Kijiji, just want to let you know so you can further investigate.

http://makkairei.com/property-management
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Deal Addict
May 18, 2015
1260 posts
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Ottawa,Ont
Applesmack wrote:
May 24th, 2017 4:17 pm
Any Mattamy pre-construction buyers willing to share their design book with me? I would like to see the pricing of the different times in design centre.
The design books are different based on what subdivision you purchased in

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