Renting out a pre-construction condo in Ontario
By Dinesh Jindal, licensed REALTOR® · Reviewed November 2026
Many GTA pre-construction buyers plan to rent. Plan the rental before you sign.
Rent rules
- Rent-control exemption: units first occupied after November 15, 2018 are not limited by the annual guideline increase.
- Everything else in the Residential Tenancies Act applies: the standard lease, notice rules and the Landlord and Tenant Board.
Timing
- You may be able to rent during interim occupancy if the agreement allows it.
- Many buyers list 30 to 60 days before occupancy, once the date is firm.
Money
- HST: if you rent, you usually pay the rebate amount on closing and claim the New Residential Rental Property rebate later.
- Cash flow: mortgage, maintenance fees, property tax, insurance and vacancy against realistic rent for the size and area.
- Tax: rental income and expenses are reported each year; get accounting advice.
Make it rentable
Layouts with two full bedrooms and baths, parking where needed, and locations near transit, hospitals and campuses rent fastest.
Dinesh gives a rent estimate for any unit you consider. Read the investors guide · Book a call
Quick answers
Are new condos exempt from rent control in Ontario?
Units first occupied for residential purposes after November 15, 2018 are exempt from the annual rent-increase guideline. Other Residential Tenancies Act protections still apply.
Can I rent my condo before final closing?
Often during interim occupancy, if your agreement allows it. You remain responsible for the occupancy fee to the builder.
Do I need special insurance as a landlord?
Yes. Use a landlord (rented condo) policy, and require tenants to carry tenant insurance.
General information, not legal, tax or financial advice. Programs, limits and rebates change; confirm current rules with Dinesh Jindal, your real estate lawyer and your mortgage professional before you sign.