Oak bay
Airbnb Market Statistics & Data
Canada

Is it profitable to do Airbnb in Oak bay, Canada?

What is the occupancy rate of Airbnb in Oak bay, Canada?

What is the average daily rate of Airbnb in Oak bay, Canada?


Last updated on: 15th May, 2024



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Canada / Oak bay
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.
Without further ado, let's see if Oak bay is good for Airbnb.

Is Airbnb Profitable in Oak bay ?

Yes, there is a good short-term rental demand.
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Occupancy Rate

80%

CA$187

Daily Rate

CA$41K

Revenue (2023)

114

Number of Listings
A typical short-term rental listing in Oak bay is booked for 292 nights a year, with a median occupancy rate of 80% and an average daily rate of CA$187. In Oak bay, A typical host income (annual revenue) was CA$41K in 2023. There are 114 active Airbnb listings as of 2024-04-15.
A 80% median occupancy rate is considered a good market to do an Airbnb. Take professional photos of your property, get a few good reviews on Airbnb, then you are likely to make good income.
Okay, you might wonder about more specific data. 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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Explore Oak bay's Airbnb Data ⟶