Should I rent my house or sell it?
Last updated: October 13, 2026
Short answer
Our advice: rent it out if the rent covers the full cost of keeping the home and you are ready to be a landlord for years; sell if you need the money, the flexibility or a quick exit. Weigh the tenancy rules before you decide: we found no Act where a sale ends a tenancy, so the buyer takes over the lease, and handing a buyer an empty home means following your province's rules, in most provinces covered here a ground such as a buyer or their family moving in, with set notice. Check what the home would rent for with SQRFT's rent estimator, and talk to an accountant and your lender before you sign a lease.
What renting first means if you sell later
Renting is quick to start and slow to undo. Before you sign a lease, know how a tenancy affects a sale:
- A sale does not end the tenancy. The buyer takes over as landlord, with the existing lease and the tenant's deposit. In every province covered here, the Acts we reviewed put the buyer in the landlord's place.
- A sale alone does not end a lease. We found no Act that lets you end a tenancy just because you are selling. To deliver the home empty, you follow the Act's notice rules, usually on a ground such as a buyer or the buyer's family moving in. A sale is not a reason listed in New Brunswick's Act. Newfoundland and Labrador needs no reason, but the notice is still 3 months.
- Fixed-term leases end differently by province. In some provinces a fixed term ends on its date; in others it carries on as a month-to-month tenancy. See the table below.
- Showings need notice. Your tenant stays in the home while you sell, and you must give proper written notice to enter (24 hours in Alberta, British Columbia, Saskatchewan, New Brunswick and PEI; Manitoba also requires written notice). See can a tenant refuse viewings.
- Your tenant may be a buyer. On our reading, if your tenant buys, there is no buyer's notice to give. See is it better to rent or buy a house.
| Province | Ending the tenancy for a buyer | When a fixed-term lease ends |
|---|---|---|
| Alberta | The buyer asks you in writing; you give 3 tenancy months' notice if the buyer or a relative will move in, or if a detached or semi-detached house or condo unit is sold | Ends on its date with no notice, unless you keep accepting rent afterwards |
| British Columbia | Three Month Notice for Purchaser's Use (RTB-32P) if the buyer or close family will live there; not allowed in some buildings with 5 or more rental units | Continues month to month unless there is a valid vacate clause |
| Manitoba | The buyer will live there: 1 or 3 months for a periodic tenancy, by vacancy rate; 3 months for a fixed term, not before its end date | The RTB fact sheet says you must offer a renewal 3 months before the end |
| Saskatchewan | The buyer or family will live there: 1 month's notice for a periodic tenancy | Ends on its date; at least 2 months before, you must say in writing whether you will offer a new agreement |
| Ontario | N12 for a buyer's own use, building of 3 or fewer units: at least 60 days, ending on the last day of a rental period or the term | Continues month to month automatically |
| New Brunswick | A sale is not a reason the Act allows | Ends on its date; taking rent afterwards creates a new periodic tenancy |
| Nova Scotia | Form DR2 if the buyer or family will move in, 4 or fewer units: at least 2 months, with an affidavit | Ends on its date; if the tenant stays with your consent, it becomes month to month |
| Prince Edward Island | Fewer than 3 units or a condo unit, signed agreement of purchase and sale, sworn affidavit: 2 months (buyer) or 4 months (buyer's family) | Deemed renewed as a monthly tenancy |
| Newfoundland and Labrador | No sale reason needed: the ordinary 3 months' notice, which a sale does not shorten | Continues on the same terms unless 3 months' notice was given before the end |
The tenant's side of this, with the rights a tenant keeps during a sale, is on what to do if your landlord is selling the house.
Should I rent my house instead of selling?
The tenancy rules we reviewed do not say which choice is better. It comes down to your numbers, your plans and how much you want to be a landlord. Weigh these:
- Rent against the full cost of keeping the home. Get a rent figure for your address from the rent estimator, then set it against your mortgage, property tax, insurance, repairs, condo fees, empty months between tenants and your time. The cap rate calculator shows the return on the home's value.
- Your time, or a manager's fee. Screening, repairs, rent collection and notices take time. If you would hire a property manager, price it with the property management cost calculator.
- Tax. Tax is outside the tenancy law we reviewed here. Our advice is to ask an accountant before you sign a lease; see landlord tax deductions in Canada.
- Your lender and insurer. Our advice is to ask both before a tenant moves in, because terms set up for a home you live in may not suit a rental.
- How soon you may need the money. If you might sell soon, renting first can limit when the home can be delivered empty, because the tenancy rules above apply.
- Your duties as a landlord. Repairs, deposits, entry notices and rent increase limits apply from day one. See how to become a landlord and how to rent out your house.
Renting first, then selling, by province
Alberta
A sale does not end an Alberta tenancy. The buyer takes over the security deposit and must refund it even if you never hand it over. To end a periodic (month-to-month) tenancy for a sale, the buyer asks you in writing to give notice, and you give 3 tenancy months' written notice on a permitted reason: the buyer or a relative will move in, or the home is a detached or semi-detached house or a condo unit and the buyer asks for the tenancy to end. The research lists you or a relative moving in as another permitted reason, with the same 3 tenancy months' notice.
A fixed-term lease ends on its date with no notice needed. If the tenant stays and you keep accepting rent with no new agreement, it becomes a periodic tenancy, and then only the permitted reasons apply.
British Columbia
In British Columbia a sale is not one of the ways a tenancy ends, so the buyer becomes the landlord and the deposit duties run with the land. If the buyer or a close family member will live in the unit, the tenancy can be ended with a Three Month Notice for Purchaser's Use (RTB-32P, generated on the Residential Tenancy Branch portal). The tenant has 21 days to dispute it and is owed one month's rent, which the tenant may withhold from the last month's rent, and 12 times the monthly rent can be owed if the stated purpose is not carried out (with exceptions). These notices are not allowed in a building with 5 or more rental units that is not strata titled, or that is strata titled with all rental units owned by the same owner.
Policy Guideline 30 says a landlord's use notice cannot end a fixed term before its end date; we did not find it addressing a purchaser's notice specifically, so ask the Residential Tenancy Branch. At the end of the term the tenancy carries on month to month unless there is a valid vacate clause, which is allowed only if you (as an individual) or a close family member will move in for at least 6 months, or the agreement is a sublease. Moving back in yourself uses the Three Month Notice for Landlord's Use (RTB-32L).
Manitoba
In Manitoba all the rights and duties under the Act and a written lease bind the new landlord after a sale, and the new landlord must give the tenant written notice in the prescribed form. The new landlord is also liable for any deposit and interest you did not pay back. If the buyer will live in the unit, a periodic tenancy needs 1 month's notice when the vacancy rate is 3% or higher and 3 months' when it is lower; a fixed term needs 3 months' notice and cannot end before its end date.
A fixed term does not simply run out: the Residential Tenancies Branch says landlords must give a renewal 3 months before the end, and if you do not and the tenant stays, the agreement is deemed renewed for the same term or 12 months, whichever is less. Moving back in yourself, or a spouse, parent or adult child moving in, needs 3, 4 or 5 months' notice depending on the vacancy rate, according to the Branch's fact sheet.
Saskatchewan
In Saskatchewan the buyer steps into your existing tenancy agreements as if they had signed them, so the rent and lease terms carry on. You must hand over the written agreements, deposits and deposit records right away. If the buyer or their family will live in the home, a periodic tenancy can be ended with 1 month's notice; you moving back in needs 2 months. If the home is not used for the stated purpose for at least six months, the tenant can apply for compensation for losses.
A fixed-term lease ends on its date unless you sign a new agreement. At least 2 months before the end, you must serve written notice saying whether you will offer a new agreement and on what terms.
Saskatchewan ending tenancy notice | Saskatchewan tenant rights
Ontario
An Ontario tenancy can end only as the Residential Tenancies Act allows, and a sale is not one of the ways. The buyer becomes the landlord and cannot ask for a new last month's rent deposit if the tenant already paid you one. If the buyer or their family will move in and the building has 3 or fewer units, you can serve an N12 for the purchaser's own use: at least 60 days, ending on the last day of a rental period or the fixed term.
A fixed term rolls into a month-to-month tenancy automatically. If you want to move back in yourself, an N12 for your own use also needs at least 60 days; for N12 own-use notices served from September 21, 2026, giving at least 120 days' notice means no compensation is owed. That change does not cover a buyer's N12.
New Brunswick
In New Brunswick the buyer takes on all your obligations to the tenant, and the lease terms stay the same no matter who owns the property. You must notify the tenant and the Tenant and Landlord Relations Office on Form 8 within 7 days after the transfer; missing this is an offence with a fine of $140 to $640. The office then transfers the deposits it holds to the new owner. The province says landlords do not have to tell tenants they plan to sell.
A sale is not one of the reasons the Act allows for ending a tenancy. The reasons do include the landlord, spouse, child, parent or spouse's parent moving in for at least three consecutive months, on the ordinary notice. A fixed-term lease ends on its date, but accepting rent afterwards creates a new periodic tenancy.
New Brunswick ending tenancy notice | New Brunswick tenant rights
Nova Scotia
In Nova Scotia the tenancy continues after a sale, the security deposits are deemed transferred to the new landlord, and you must transfer the trust account and its records. If the property has 4 or fewer units and the buyer or the buyer's family will move in, you can give Form DR2 with an affidavit, effective no earlier than 2 months after the tenant gets it. Moving back in yourself is different: own or family use needs an application to the Director and an order.
A fixed-term lease ends on the date in the lease. If the tenant stays on with your consent, it becomes a month-to-month lease, and a new fixed term needs a new signed lease.
Nova Scotia ending tenancy notice | Nova Scotia tenant rights
Prince Edward Island
On Prince Edward Island a landlord's obligations run with the rental unit, deposit duties pass to the buyer, and the new landlord must give the tenant written notice of their name, contact details and the deposit held. A sale ends a tenancy only if the building has fewer than 3 units (or it is a condo unit), there is a signed agreement of purchase and sale, and a sworn affidavit: at least 2 months' notice if the buyer will live there, or 4 months if the buyer's family will. The tenant gets one month's rent plus reasonable moving expenses, or another unit they accept.
No-fault notices must end at the end of a fixed term, and a fixed term is deemed renewed as a monthly tenancy. Moving back in yourself needs at least 4 months' notice, and only an individual landlord can use it.
Newfoundland and Labrador
In Newfoundland and Labrador the buyer becomes the landlord, the existing rental agreement stays in place, and the new owner is responsible for the security deposit. The new landlord must give the tenant written notice right away. We found no sale or own-use reason for a single unit in the Act. Instead, a landlord can end a month-to-month tenancy with 3 months' notice before the end of a rental period, or a fixed term with 3 months' notice before it ends, and neither the Act nor the guide requires a reason.
A sale does not let the new landlord give shorter notice. If a fixed term ends and no notice was given, the tenancy carries on under the same terms.
Newfoundland ending tenancy notice | Newfoundland tenant rights
Related questions
How long do I have if my landlord is selling the house?
A sale on its own does not give you a move-out date: the buyer takes over your tenancy, and you stay until it is ended on a ground the law allows. If the buyer or their family will move in, the notice depends on the province, for example 3 tenancy months in Alberta, 3 months in British Columbia, at least 60 days in Ontario, at least 2 months in Nova Scotia and 1 month for a month-to-month tenancy in Saskatchewan. A sale is not a ground in New Brunswick's Act, and in Newfoundland and Labrador the ordinary 3 months' notice applies. See what to do if your landlord is selling the house.
Do I have to pay rent if my landlord is selling the house?
Yes. Rent is due as usual until the tenancy legally ends, and after the sale the buyer becomes your landlord. Our advice is to wait for written notice before you pay someone new: Manitoba, Prince Edward Island and Newfoundland and Labrador require the new landlord to tell you in writing, and in New Brunswick the seller must send you a Form 8 notice of transfer within 7 days. In British Columbia, a tenant who gets a purchaser's use notice is owed one month's rent and may withhold that amount from the last month's rent.
My tenant won't let me sell my house, what can I do?
We found nothing in the tenancy Acts we reviewed that lets a tenant block a sale, but a sale alone does not end the tenancy (see the table). You can list and sell with the tenant in place, and show the home by giving proper written notice to enter under your province's rules; see can a tenant refuse viewings. If a valid notice has been given and the tenant does not leave, our advice is to ask your province's tenancy office or tribunal what to do rather than acting on your own. See how to evict a tenant.
Is there a calculator for renting vs selling my house?
Start with the rental side. The rent estimator gives a rent figure for your address from SQRFT's own pricing model, and the cap rate calculator turns that rent and your costs into a return on the home's value. Compare that with what you would keep from a sale after costs, and ask an accountant to run the tax side of both choices.
How much can rent increase in Newfoundland when a property is sold?
A sale does not reset anything. The new owner must abide by the same terms as the previous landlord and the existing rental agreement stays in place. Newfoundland and Labrador sets no cap on the amount of an increase, but rent can go up only once in 12 months, and a monthly or fixed-term tenancy needs 6 months' written notice on the prescribed form. See is there rent control.
Is it better to rent or sell a second home?
The same weighing applies: compare the rent you could get with the full cost of keeping the home, and think about how soon you may need the money. If you rent a second home to a long-term tenant, the tenancy rules apply just as they do to any rental, so a later sale is limited by the notice rules in your province. Tax is outside the tenancy law we reviewed here, so ask an accountant before you decide.
Can I sell my house with a tenant in it?
Yes. In each province covered here, the Acts we reviewed have the buyer take over the tenancy, including the lease and the deposit. Our advice: keep collecting rent, doing repairs and giving proper notice before each showing until the sale closes. In New Brunswick the seller must also notify the tenant and the Tenant and Landlord Relations Office on Form 8 within 7 days after the transfer.
What happens to my tenant's deposit when I sell?
It goes with the property: the Acts we reviewed put the duty to return it on the buyer. Alberta's buyer must refund it even if you never handed it over, Nova Scotia deems deposits transferred to the new landlord along with the trust account records, Saskatchewan requires you to hand over deposits and records right away, and in New Brunswick the tenancy office transfers the deposits it holds once it gets the Form 8 notice. In Ontario, a buyer cannot ask for a new last month's rent deposit if the tenant already paid you one.
Can the new owner raise the rent after buying?
Not straight away where the rule is spelled out. In Ontario the 12 months count from the last increase for that tenant in that unit, not from the sale, and 90 days' written notice is still needed. British Columbia's 12-month rule applies even if there is a new landlord, Prince Edward Island's runs from the last lawful increase, and Manitoba's 12-month rule attaches to the rent charged for the unit, not to the owner. For Alberta, Saskatchewan, New Brunswick, Nova Scotia and Newfoundland and Labrador we found no government page saying in plain words whether a sale restarts the clock. On our reading of the Acts, the buyer takes over the existing lease and must follow the same increase rules as any landlord; see how much can a landlord increase rent.
Can I tell my tenant I'm moving in, then sell the house?
We would not. A notice saying you or your family will move in is meant to be given in good faith, and using it to sell the home empty can cost you. In British Columbia 12 times the monthly rent can be owed if the stated purpose is not carried out; in Saskatchewan the tenant can claim losses if the home is not used for the stated purpose for at least six months; in New Brunswick the tenant can claim compensation if the home is not used as stated within two months; and in Ontario the remedies for bad faith include up to 12 months' rent, the rent difference for a year and moving costs. If a buyer will move in, use the buyer's route in the table above instead.
Should I use a fixed-term lease if I might sell?
It depends on the province. In Alberta and New Brunswick a fixed-term lease ends on its date as long as you do not keep accepting rent, in Nova Scotia it ends on its date unless the tenant stays with your consent, and in Saskatchewan you must give written notice at least 2 months before the end about whether you will offer a new agreement. In British Columbia, Manitoba, Ontario and Prince Edward Island the tenancy carries on or must be renewed, and in Newfoundland and Labrador you give 3 months' notice before the term ends. In Manitoba, Ontario and Prince Edward Island, the sources we read say a no-fault notice cannot take effect before the fixed term ends, and British Columbia's Policy Guideline 30 says the same for a landlord's use notice. Our advice is to check your own lease with your tenancy office before you sign.
Do I have to tell my tenant I'm selling?
New Brunswick says landlords do not have to tell tenants they plan to sell, though telling them early is our advice. On our reading your tenant will find out anyway: you need to give written notice to enter for showings, and after the sale the tenant must be told who the new landlord is (on Form 8 in New Brunswick, and by written notice from the new landlord in Manitoba, Prince Edward Island and Newfoundland and Labrador). Telling your tenant early also makes showings easier to arrange.
Government sources
- Government of Alberta: Ending a tenancy
- Alberta King's Printer: Residential Tenancies Act
- Government of BC: Landlord notice to end tenancy
- BC Residential Tenancy Branch: Policy Guideline 30, fixed term tenancies
- Manitoba Laws: The Residential Tenancies Act
- Manitoba Laws: Residential Tenancies Regulation 71/2010
- Government of Saskatchewan: The Residential Tenancies Act, 2006
- Government of Ontario: Residential Tenancies Act
- Landlord and Tenant Board: How a landlord can end a tenancy
- Government of Ontario: Renting in Ontario, your rights
- Government of New Brunswick: Buying or selling a rental property
- Government of New Brunswick: Residential Tenancies Act
- Government of Nova Scotia: Ending a tenancy guide
- Nova Scotia Legislature: Residential Tenancies Act
- Government of PEI: Residential Tenancy Act
- PEI Rental Office: FAQs
- Government of Newfoundland and Labrador: Sale of rental premises
- House of Assembly of Newfoundland and Labrador: Residential Tenancies Act, 2018
General information, not legal advice. Rules change; check your province's tenancy office before acting.
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