Introduction

Nestled on the Atlantic Coast, we can find New Brunswick, a dazzling Canadian province that is filled with fascinating history and striking natural beauty. This destination is highly known for its coastline, rivers and forests that can capture anyone’s attention and even heart at first glance. Thanks to this, the province welcomes a high influx of visitors throughout the year, which opens the doors to interesting investment opportunities. 

While New Brunswick offers affordable real estate and a strong rental market thanks to its large tourist inflows, there are crucial factors that investors should consider before investing in the province. For instance, researching the best places to invest in vacation rentals and their Airbnb yearly revenue is a must. But we are here to help you!

In this article, we’ll reveal the best places to invest in Airbnb in New Brunswick, Canada and some of the benefits of property investments in this province. Continue reading to learn more about this market!

Why Should You Consider Investing in an Income Property in New Brunswick?

Investing in short-term rentals certainly can help you to earn a nice income stream that can ultimately lead you to a rewarding long-term experience. And if you’re looking to start a successful Airbnb business in New Brunswick, you have to make sure to know what kind of advantages this province offers to property investors: 

• Thriving economy

Throughout the years, New Brunswick has been experiencing a steady growth in its economy and demographics as many young professionals and families are looking to relocate in this province. While the province’s economy is quite diverse, one of the main contributors is its service industry. 

The sectors that play a significant role in the economic activity are manufacturing, agri-tech, healthcare, tourism and communications technology. Considering that the province offers a strong tourist market, investors who are looking to cater to vocational accommodations can certainly benefit from it.

• An affordable province with great quality of life 

New Brunswick may mainly stand out for its striking views, but aside from that, the province also stands out by offering a high standard of living to its residents and visitors alike. The cities and towns located in the province provide a quite safe and clean environment as well as affordable living costs that allow one to experience a comfortable lifestyle at a reasonable budget. If you’re wondering what’s the cost of buying a house in New Brunswick, you’ll be pleased to know that the average price range from C$298,879. 

Considering its diverse economy, the province provides an attractive job market with plenty of employment opportunities. Additionally, New Brunswick offers excellent choices for educational institutions and universities! 

• Plenty of leisure activities

New Brunswick is home to breathtaking landscapes and plenty of natural areas where one can enjoy a variety of exciting outdoor adventures. Additionally, there are many cultural events happening throughout the year in this province’s cities. 

Visitors and locals alike can enjoy its large shoreline which is made of picturesque beaches, bays and cliffs where the world’s highest tides can be found. On top of that, there are plenty of natural parks! For example, you can visit Fundy National Park and engage in exciting adventures such as hiking, biking, or walking across its trails.

On the other hand, New Brunswick also promotes its rich artistic and cultural traditions by hosting year-round festivals and events.

Is Airbnb Profitable in New Brunswick?

Wondering if Airbnb investments in New Brunswick are worth it? Airbtics confirms that investing in the New Brunswick real estate market is profitable! Yet, you should note that the level of profitability highly depends on choosing the best location and property type.

Additionally, you should consider setting up strategies based on reliable data provided by reliable analytics tools like Airbtics. This is exactly how Simon ended up enjoying an even more rewarding investment experience! 

Based on Airbtics’ data, an Airbnb host can expect an average annual revenue of C$56,130 and a median occupancy rate of 51% for operating a 4-bedroom property in New Brunswick.