Best Places to Obtain Rental Information

General Landlording & Rental Properties
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Best Places to Obtain Rental Information

Brendon Chui
Financial Advisor · Vancouver, BC · Member since 2019 · 9 posts · 0 votes

Hi All,  

I was wondering if anybody had some reliable resources to get an idea of potential rental rates for Canada?  I know Craigslist and Kijiji are 2 sources.  Are there any more professional websites that can provide these details? 

Thank you in advance. 

Brendon

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Nathan GesnerBusiness Member
Moderator
Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
6y

Just study the market using Zillow, Craigslist, Apartments.com, or other web sites. You can probably check 3-4 sites and look for homes in the same general area that are comparable in size and amenities. You should do this ever 2-3 months, even if your units are rented, just to stay on top of what the market is doing. The more regularly you do it, the easier it becomes and the more accurate you will be.

The DIY Landlord Book4.7248 Reviews
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  • Scott Isbister
    Member since 2019 · 22 posts · 9 votes
    6y

    rental rates and vacancy rates are on CMHC site, facebook marketplace, and sites like rentfaster etc.  the CMHC site also has avg sale prices for major markets, absorption rates, and number of new starts.

    0Reply
  • Brendon Chui
    OP
    Financial Advisor · Vancouver, BC · Member since 2019 · 9 posts · 0 votes
    6y

    @Scott Isbister awesome thank you Scott!

    0Reply
  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    6y

    Just study the market using Zillow, Craigslist, Apartments.com, or other web sites. You can probably check 3-4 sites and look for homes in the same general area that are comparable in size and amenities. You should do this ever 2-3 months, even if your units are rented, just to stay on top of what the market is doing. The more regularly you do it, the easier it becomes and the more accurate you will be.

    The DIY Landlord Book4.7248 Reviews
    WebsiteView Page
    1Reply
  • Brendon Chui
    OP
    Financial Advisor · Vancouver, BC · Member since 2019 · 9 posts · 0 votes
    6y

    @Nathan G. Thank you for the tip Nathan. Great idea to stay on top of market trends.

    0Reply
  • Huong Luu
    Specialist · Vancouver, BC · Member since 2016 · 315 posts · 145 votes
    6y

    all the places @Scott Isbister mentioned along with 

    https://www.rentboard.ca/
    , specific issues of Canadian Wealth Magazine and specific issues of REIN magazine. 

    0Reply
  • Hai Loc
    Specialist · Toronto, Ontario · Member since 2012 · 2k+ posts · 891 votes
    6y
    Originally posted by @Brendon Chui:

    Hi All,  

    I was wondering if anybody had some reliable resources to get an idea of potential rental rates for Canada?  I know Craigslist and Kijiji are 2 sources.  Are there any more professional websites that can provide these details? 

    Thank you in advance. 

    Brendon

     PadMapper   App

    0Reply
  • Brendon Chui
    OP
    Financial Advisor · Vancouver, BC · Member since 2019 · 9 posts · 0 votes
    6y

    @Huong Luu thank you!

    0Reply
  • Brendon Chui
    OP
    Financial Advisor · Vancouver, BC · Member since 2019 · 9 posts · 0 votes
    6y

    @Hai Loc I will check that out, thank you!

    0Reply
  • Jon Mason
    Rental Property Investor · Franklin, TN · Member since 2015 · 106 posts · 29 votes
    6y

    I don't know about Canada, but we purchase rental reports from Cozy. They're like $20 and gives you a lot of detail on what nearby homes are renting for. The best part is it's based on what properties are actually renting for, not just what they're listed for. Paying for this one report will make me over $2,000 this year, as I was able to rent a property for $175 more per month than what I had planned using tools like zillow, craigslist, and rentometer.

    0Reply
  • Brendon Chui
    OP
    Financial Advisor · Vancouver, BC · Member since 2019 · 9 posts · 0 votes
    6y

    @Jon Mason wow that is a great investment Jon. I’ll check it out to see if it works here in Canada as well. Thank you!

    0Reply
  • Hai Loc
    Specialist · Toronto, Ontario · Member since 2012 · 2k+ posts · 891 votes
    6y
    Originally posted by @Jon Mason:

    I don't know about Canada, but we purchase rental reports from Cozy. They're like $20 and gives you a lot of detail on what nearby homes are renting for. The best part is it's based on what properties are actually renting for, not just what they're listed for. Paying for this one report will make me over $2,000 this year, as I was able to rent a property for $175 more per month than what I had planned using tools like zillow, craigslist, and rentometer.

     All US based

    0Reply
  • Brendon Chui
    OP
    Financial Advisor · Vancouver, BC · Member since 2019 · 9 posts · 0 votes
    6y

    @Hai Loc thanks for checking that. Too bad. I’m sure there are some good Canadian sources somewhere. If I can locate some, I will share here.

    0Reply
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