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 Toronto, Ontario is good for Airbnb.
A typical short-term rental listing in Toronto, Ontario is booked for 263 nights a year, with a median occupancy rate of 72% and an average daily rate of CA$131. In Toronto, Ontario, A typical host income (annual revenue) was CA$34K in 2023. There are 17,003 active Airbnb listings as of 2024-04-15. A 72% 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.
Best Areas in Toronto, Ontario for Airbnb
Best Areas in Toronto, Ontario for Airbnb Are you wondering where to invest in Toronto, Ontario? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
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
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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