Is it profitable to do Airbnb in Toronto, Canada?
What is the occupancy rate of Airbnb in Toronto, Canada?
What is the average daily rate of Airbnb in Toronto, Canada?
Canada / Toronto
Toronto, Airbnb Market Statistics & Data, Canada
A typical short-term rental listing in Toronto is booked for 263 nights a year, with a median occupancy rate of 72% and an average daily rate of CA$150. In 2023, a typical host income (annual revenue) was CA$38K. As of 12th September, 2024, there are 11,227 active Airbnb listings.
Average Revenue: CA$38K/yr
Occupancy Rate
72%
Avg Daily Rate
CA$150
Mid Scale
No. of Listings
20,357
Big
YoY Revenue Change
3.45%
Best Month
September
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
CA$2,395
Average
CA$3,187
High
CA$4,164
Is Airbnb Profitable in Toronto?
Yes, there is good short-term rental demand. A 72% 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 Toronto
Short-term rental regulation is lenient in Toronto. 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 Toronto
A typical listing recorded a 72% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 46.29% 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: 72%
11,227 Active Listings
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Explore Toronto's Airbnb Data ⟶
Best Areas in Toronto for Airbnb
Are you wondering where to invest in Toronto? Look no further!
- CN Tower
- Royal Ontario Museum
- Ripley's Aquarium of Canada
- Toronto Islands
- Distillery District
- St. Lawrence Market
- High Park
- Art Gallery of Ontario
- Kensington Market
- Toronto Zoo
Top demand Airbnb in Toronto
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 11,227 listings.
See 11,227 listing Statistics
Professional Short-term rental property managers in Toronto
We've compiled a list of host profiles that manage the most Airbnb properties in Toronto. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Toronto
Here is a breakdown of short-let properties in Toronto. 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.
Property Size
Amenities
Property Type
Cancelation Policy Type
By Channel Type