Is it profitable to do Airbnb in Muskoka Lakes, Canada?
What is the occupancy rate of Airbnb in Muskoka Lakes, Canada?
What is the average daily rate of Airbnb in Muskoka Lakes, Canada?
Canada / Muskoka Lakes
Muskoka Lakes, Airbnb Market Statistics & Data, Canada
A typical short-term rental listing in Muskoka Lakes is booked for 182 nights a year, with a median occupancy rate of 50% and an average daily rate of CA$406. In 2023, a typical host income (annual revenue) was CA$73K. As of 12th September, 2024, there are 502 active Airbnb listings.
Average Revenue: CA$73K/yr
Occupancy Rate
50%
Avg Daily Rate
CA$406
Upscale
No. of Listings
666
Small
YoY Revenue Change
-1.96%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
CA$3,748
Average
CA$5,566
High
CA$9,454
Is Airbnb Profitable in Muskoka Lakes?
Yes, there is good short-term rental demand. A 50% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.
Starting an Airbnb in Muskoka Lakes
Short-term rental regulation is lenient in Muskoka Lakes. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
We made a guide on things you need to know before starting an Airbnb in Canada, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Muskoka Lakes
A typical listing recorded a 50% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 8.02% of the guests are international guests, and visitors from Canada is the largest group. Learn more about guest origin!.
You can find the distribution graph of daily rate and revenue in our market dashboard.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 50%
502 Active Listings
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Explore Muskoka Lakes's Airbnb Data ⟶
Best Areas in Muskoka Lakes for Airbnb
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Top demand Airbnb in Muskoka Lakes
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 502 listings.
See 502 listing Statistics
Professional Short-term rental property managers in Muskoka Lakes
We've compiled a list of host profiles that manage the most Airbnb properties in Muskoka Lakes. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Muskoka Lakes
Here is a breakdown of short-let properties in Muskoka Lakes. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
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Amenities
Property Type
Cancelation Policy Type
By Channel Type