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Ultimate Guide to Start Airbnb in Canada. Rules, Startup Cost, Profitability and Statistics.

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Quick Airbnb Statistics and Facts


All statistics below is collected and processed from Airbtics, unless specified otherwise. The observation period is between 2023 October to 2024 September.



  • There are 201,942 active listings in Canada.
  • The city with the most number of Airbnb Listings in Canada is Toronto with 11,227.
  • The average occupancy rate of an Airbnb listing in Canada is 68%.
  • A typical listing charges CA$167 per night excluding service charge and cleaning fees.
  • The average income of Airbnb host is CA$41,204 per listing per year.
  • Startup cost: It costs around CA$4,829 to start an Airbnb listing. The major costs are to furnish bedrooms and living room.


How to start an Airbnb in Canada?



Short-term rental rules & regulations in Canada


For regulations, refer to Responsible Airbnb Hosting in Canada.



How much does it cost to start an Airbnb in Canada?


Bedroom 1


In order for you to furnish a room like below, it'll cost you around CA$4,829 per bedroom.


bedroom
Mattress and bedframe Bedroom CA$685
Wardrobe Bedroom CA$548
Desk Bedroom CA$137
Desk chair Bedroom CA$68
Lighting Bedroom CA$137
Decorative Bedroom CA$137
Curtains Bedroom CA$68
Total Bedroom CA$1,781


Living room


For living room, it'll cost you around CA$6,795 and this'll include dining table set for 4 people.


livingroom
Sofa Living room CA$685
Dining table and chairs Living room CA$411
Coffee table Living room CA$68
Coffee machine Living room CA$137
Microwave Living room CA$137
Laundry Living room CA$685
Total Living room CA$2,123


Other costs


For living room, it'll cost you around CA$4,829 and this'll include dining table set for 4 people.


Finally, you need to budget for various supplies like towels. You may also need smart lock for self-checkin. This'll add another CA$924.

Towels Other CA$137
Pillows Other CA$137
Blankets Other CA$137
Smart lock Other CA$205
Security camera Other CA$137
Labour cost Other CA$171
Total Other CA$924


Total startup cost for 1, 2 and 3 bedrooms


Number of Bedrooms Total Furnishing Cost
1 Bd Startup Cost CA$4,829
2 Bd Startup Cost CA$6,795
3 Bd Startup Cost CA$8,576


Is it profitable to start an Airbnb in Canada?


The average host in the UK earns CA$41,204 per year. Here are the 3 cities with the most number of Airbnb listings. See the full list of 15 cities here.


Toronto


  • Market Score: 15
  • Revenue: CA$38,328
  • Average Daily Rate: CA$150
  • Occupancy Rate: 72%
  • Regulations: Strict


Montreal


  • Market Score: 14
  • Revenue: CA$34,833
  • Average Daily Rate: CA$143
  • Occupancy Rate: 71%
  • Regulations: Strict


Calgary


  • Market Score: 13
  • Revenue: CA$29,683
  • Average Daily Rate: CA$116
  • Occupancy Rate: 71%
  • Regulations: Strict




Useful resources


Here are some of the useful resources for you to get started.


Complete list of on-going host expenses: https://airbtics.com/complete-list-of-airbnb-host-expenses/