If this is your first time renting out your home, or even renting a room out of your home. This will be a great guide to show you how to rent abiding by The Residential Tenancy Act and Regulations of Alberta.
Step 1: Advertise Your Property.
Facebook and Kijiji.ca are the best ways to advertise your rental for free! However, if you are too busy to fill your rental ad, you can do paid ad campaigns on both sites that will effective. From my experience Kijiji's Top Ad for $40 for one week is the most effective.
Currently November 5, 2016, the real estate market here in Edmonton is still a Buyers market with 5.7 months of homes actively for sale. For the month of October we experienced a higher volume of sales due to the new mortgage changes from the Canadian Government that began 17th of October, 2016. This change encourage first time home buyers and those upgrading to purchase before the new mortgage rules.