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Best Airbnb Markets in Canada

Last updated on May 24th, 2024

Best Airbnb Markets in Canada

Best Places to Buy an Airbnb in Canada

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Last updated on: 12th May, 2024

Canada
77% of Canadians responded that they only looked into one city before buying their first vacation rental property. However, by exploring multiple places, you can gain a broader understanding of the real estate landscape, potentially leading to more informed and profitable investment decisions.

We have gathered up all the important short-term rental indicators for you, so you don’t have to spend hours.

These are the 15 best places to start an Airbnb in Canada, with an average host revenue of $2.46K+/month. A typical listing is booked for 249 nights a year.

Our Methodologies Data explanations … Read More
Occupancy Rate: It tells how often was a typical active property occupied over the last 12 months? The formula is “number_of_booked_days / number_of_available_days”.
Average Daily Rate: How much did hosts in this market charge per day over the last 12 months? This does not include cleaning fees.
Revenue: What’s the median revenue a property in this market generated over the last 12 months? This Revenue figure represents the median over the past 12 months and does not include taxes, service fees, or additional guest fees.
Number of listings: It is the total active listings over the past 12 months.
How do we collect the data?
Airbtics’ primary data source is attained through a web scraping software that directly takes data points from Airbnb. We also have secondary data sources from Airbnb hosts via iCal or vacation rental managers.
How accurate is the data?
Airbtics is dedicated to providing the most accurate data available in the market. Through the application of data science and machine learning algorithms, we train our various classifiers to consistently improve our data’s accuracy.
In addition to this, we make predictions based on Airbnb’s total revenue and it is 97% correlated with Airbnb’s official statement.

Top Airbnb markets in Canada

  1. Victoria, British Columbia

    Victoria, British Columbia, Canada is a charming city with a mix of historic architecture, beautiful gardens, and a vibrant arts scene. Visitors can explore landmarks like the British Columbia Parliament Buildings, enjoy afternoon tea at the Fairmont Empress Hotel, and stroll through the picturesque Butchart Gardens.
    • Airbnb Occupancy Rate: 77%
    • Average Daily Rate: CA$115
    • Annual Revenue: CA$33,448
    • Total Listings: 1,143
  2. Vancouver, BC

    Vancouver, BC, Canada is a vibrant city nestled between the Pacific Ocean and the Coast Mountains, offering a perfect blend of urban sophistication and natural beauty. Tourists can explore Stanley Park, Granville Island, and Grouse Mountain for breathtaking views, outdoor adventures, and diverse cultural experiences.
    • Airbnb Occupancy Rate: 78%
    • Average Daily Rate: CA$125
    • Annual Revenue: CA$35,408
    • Total Listings: 5,727
  3. Quebec City, QC

    Quebec City, QC, Canada is a charming historic city with a European flair, known for its stunning architecture, cobblestone streets, and vibrant cultural scene. Visitors can explore iconic landmarks like the Fairmont Le Chateau Frontenac, indulge in French cuisine, and experience the rich history of the only walled city north of Mexico.
    • Airbnb Occupancy Rate: 70%
    • Average Daily Rate: CA$130
    • Annual Revenue: CA$33,409
    • Total Listings: 1,511
  4. Toronto, Ontario

    Toronto, Ontario, Canada is a vibrant city known for its diverse culture, world-class attractions, and bustling city life. Tourists can explore iconic landmarks such as the CN Tower, Royal Ontario Museum, and enjoy a variety of culinary experiences in the numerous restaurants and markets scattered throughout the city.
    • Airbnb Occupancy Rate: 72%
    • Average Daily Rate: CA$96
    • Annual Revenue: CA$25,138
    • Total Listings: 17,003
  5. Whistler, BC

    Whistler, BC, Canada is a world-renowned ski resort town nestled in the mountains, offering top-notch skiing and snowboarding opportunities during the winter months. In the summer, visitors can enjoy hiking, mountain biking, and sightseeing while taking in the breathtaking beauty of the surrounding landscapes.
    • Airbnb Occupancy Rate: 64%
    • Average Daily Rate: CA$230
    • Annual Revenue: CA$54,062
    • Total Listings: 3,220

All Profitable Airbnb Markets to Invest in Canada

Niagara Falls, ON-market-image

Niagara falls, on

1,433 listings
48%
Airbnb
Occupancy Rate
CA$179
Average
Daily Rate
CA$33,438
Annual
Revenue
Victoria, British Columbia-market-image

Victoria, british columbia

1,143 listings
77%
Airbnb
Occupancy Rate
CA$157
Average
Daily Rate
CA$45,823
Annual
Revenue
Banff, AB, Canada-market-image

Banff, ab, canada

176 listings
63%
Airbnb
Occupancy Rate
CA$369
Average
Daily Rate
CA$81,360
Annual
Revenue
Ottawa-Gatineau-market-image

Ottawa-gatineau

3,289 listings
65%
Airbnb
Occupancy Rate
CA$101
Average
Daily Rate
CA$23,877
Annual
Revenue
Ottawa, Ontario-market-image

Ottawa, ontario

2,955 listings
64%
Airbnb
Occupancy Rate
CA$109
Average
Daily Rate
CA$26,186
Annual
Revenue
Winnipeg, MB-market-image

Winnipeg, mb

1,663 listings
67%
Airbnb
Occupancy Rate
CA$93
Average
Daily Rate
CA$22,854
Annual
Revenue
Montreal, Quebec-market-image

Montreal, quebec

8,144 listings
70%
Airbnb
Occupancy Rate
CA$126
Average
Daily Rate
CA$32,119
Annual
Revenue
Vancouver, BC, Canada-market-image

Vancouver, bc, canada

5,727 listings
78%
Airbnb
Occupancy Rate
CA$171
Average
Daily Rate
CA$48,508
Annual
Revenue
Quebec City, QC-market-image

Quebec city, qc

1,511 listings
70%
Airbnb
Occupancy Rate
CA$178
Average
Daily Rate
CA$45,770
Annual
Revenue
Edmonton, Alberta-market-image

Edmonton, alberta

3,449 listings
69%
Airbnb
Occupancy Rate
CA$90
Average
Daily Rate
CA$23,165
Annual
Revenue
Toronto, Ontario-market-image

Toronto, ontario

17,003 listings
72%
Airbnb
Occupancy Rate
CA$131
Average
Daily Rate
CA$34,439
Annual
Revenue
Mississauga, ON, Canada-market-image

Mississauga, on, canada

2,601 listings
67%
Airbnb
Occupancy Rate
CA$101
Average
Daily Rate
CA$24,128
Annual
Revenue
Jasper National Park, Alberta-market-image

Jasper national park, alberta

113 listings
78%
Airbnb
Occupancy Rate
CA$213
Average
Daily Rate
CA$61,063
Annual
Revenue
Whistler, BC-market-image

Whistler, bc

3,220 listings
64%
Airbnb
Occupancy Rate
CA$315
Average
Daily Rate
CA$74,064
Annual
Revenue
Calgary, Alberta, Canada-market-image

Calgary, alberta, canada

6,036 listings
70%
Airbnb
Occupancy Rate
CA$110
Average
Daily Rate
CA$28,639
Annual
Revenue

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