What Are the Best Places to Invest in Airbnb in Canada?

Source: AirROI Reviewed by Jun Zhou , Founder @ AirROI

Updated: 2026-07-06

The short-term rental market in Canada spans 100 cities tracked in AirROI's 2026 dataset, ranging from mature urban markets with thousands of active listings to emerging destinations where early operators still have pricing leverage. Supply growth, regulation, and seasonal demand vary significantly across the region — making market selection one of the highest-leverage decisions an Airbnb investor can make.

This page ranks the best Airbnb markets in Canada across four dimensions: market depth (active listings), revenue, nightly rate (ADR), and occupancy rate. Toronto, Ontario leads by market size with 11,170 active listings and $1,499/month revenue. Across all ranked markets, average occupancy is 43.1% with $1,929/month in average revenue and $208/night ADR. 35 of 100 markets carry a low regulation profile — a key consideration for investors evaluating compliance costs and time-to-market.

Rankings based on AirROI's analysis of 20,000,000+ short-term rental listings across revenue, ADR, occupancy, and regulation. See ranking methodology.

Explore Live Market Data

Top Airbnb Markets in Canada by Active Listings

Active listing count is the most direct measure of a market's depth, maturity, and investor confidence. Cities with the most Airbnb listings in Canada attract the highest volume of travelers and offer the most reliable benchmarking data for pricing and revenue projections. Toronto, Ontario leads with 11,170 active short-term rental listings and $1,499/month in average revenue.

#	Market	Active Listings (TTM)	Revenue/mo	ADR	Occupancy	Regulation
1	Toronto, Ontario	11,170	$1,499	$163	45.3%	High
2	Montreal, Quebec	7,044	$1,767	$164	47.6%	High
3	Calgary, Alberta	4,774	$1,297	$137	44.2%	High
4	Vancouver, British Columbia	3,926	$2,715	$247	51.7%	High
5	Edmonton, Alberta	3,173	$932	$103	41.1%	High
6	Whistler Resort Municipality, British Columbia	2,132	$4,444	$406	43.7%	High
7	Canmore, Alberta	1,885	$5,661	$334	58.2%	Low
8	Ottawa, Ontario	1,861	$1,151	$117	46.3%	High
9	Quebec, Quebec	1,826	$2,149	$172	47.9%	High
10	Mississauga, Ontario	1,736	$995	$126	41.6%	Moderate
11	Winnipeg, Manitoba	1,279	$994	$99	43.4%	High
12	Niagara Falls, Ontario	1,198	$1,648	$189	37.6%	Low
13	Mont-Tremblant, Quebec	1,174	$3,030	$298	37.8%	High
14	Brampton, Ontario	931	$791	$118	37.0%	Low
15	Hamilton, Ontario	905	$1,104	$138	41.5%	Low
16	Richmond, British Columbia	894	$976	$146	38.4%	High
17	Halifax, Nova Scotia	872	$1,897	$158	52.8%	High
18	Richmond Hill, Ontario	844	$1,117	$147	40.1%	Low
19	London, Ontario	828	$881	$106	40.8%	Low
20	Surrey, British Columbia	804	$1,379	$160	42.0%	High
21	Kelowna, British Columbia	724	$1,775	$241	45.1%	High
22	Saskatoon, Saskatchewan	695	$909	$85	46.3%	Low
23	The Blue Mountains, Ontario	659	$3,153	$326	37.2%	Low
24	Gatineau, Quebec	653	$862	$87	44.7%	High
25	Windsor, Ontario	598	$777	$107	35.9%	Low
26	Kitchener, Ontario	571	$940	$108	41.8%	Low
27	Victoria, British Columbia	553	$1,552	$162	48.4%	High
28	Burnaby, British Columbia	550	$1,314	$155	44.3%	High
29	Longueuil, Quebec	545	$1,330	$138	45.2%	High
30	Saint John's, Newfoundland and Labrador	543	$1,797	$171	50.8%	High
31	Markham, Ontario	520	$744	$113	39.6%	Low
32	Kawartha Lakes, Ontario	516	$2,219	$319	36.7%	Low
33	Regina, Saskatchewan	479	$808	$85	44.8%	High
34	Petite-Rivière-Saint-François, Quebec	472	$2,720	$329	34.7%	High
35	Prince Edward, Ontario	464	$2,663	$338	41.3%	High
36	Area A (Kicking Horse/Kinbasket Lake), British Columbia	462	$3,339	$271	48.7%	High
37	Area E (Beaverdell/West Boundary), British Columbia	458	$2,295	$375	38.5%	High
38	Niagara-on-the-Lake, Ontario	457	$3,182	$300	41.8%	High
39	District of North Vancouver, British Columbia	438	$2,213	$219	50.7%	High
40	West Kelowna, British Columbia	431	$2,376	$264	46.5%	High
41	Oakville, Ontario	427	$1,213	$148	44.1%	Low
42	Moncton, New Brunswick	418	$1,089	$134	39.4%	Low
43	Whistler, British Columbia	404	$4,803	$458	49.3%	High
44	Nanaimo, British Columbia	401	$1,430	$134	52.0%	High
45	North Vancouver, British Columbia	388	$2,218	$191	52.5%	High
46	Ucluelet, British Columbia	388	$3,475	$249	50.9%	High
47	Lambton Shores, Ontario	377	$2,282	$297	37.3%	Moderate
48	Innisfil, Ontario	367	$1,737	$241	36.1%	Low
49	Area F (Columbia Lake/Windermere Lake), British Columbia	366	$2,896	$285	41.5%	High
50	Barrie, Ontario	349	$1,069	$147	37.4%	Low
51	Vaughan, Ontario	344	$993	$122	42.6%	High
52	Tofino, British Columbia	342	$5,362	$333	56.1%	High
53	Greater Sudbury, Ontario	342	$1,140	$140	42.9%	Low
54	Wasaga Beach, Ontario	340	$1,120	$239	31.4%	Low
55	Municipality of Northern Bruce Peninsula, Ontario	339	$2,171	$257	42.9%	Moderate
56	Huntsville, Ontario	338	$2,932	$314	41.6%	Moderate
57	Sun Peaks Mountain Resort Municipality, British Columbia	335	$2,659	$331	33.1%	High
58	Charlottetown, Prince Edward Island	335	$1,644	$190	48.1%	High
59	Kingston, Ontario	325	$1,579	$151	48.0%	High
60	Thunder Bay, Ontario	323	$1,211	$112	48.4%	Low
61	Muskoka Lakes Township, Ontario	319	$2,817	$460	37.2%	Low
62	Saanich, British Columbia	317	$1,756	$147	53.1%	High
63	St. Catharines, Ontario	316	$1,758	$177	40.6%	Low
64	Juan de Fuca Electoral Area, British Columbia	308	$3,444	$273	47.4%	High
65	Penticton, British Columbia	307	$2,026	$225	46.7%	High
66	Waterloo, Ontario	298	$710	$94	38.3%	Low
67	St. John's, Newfoundland and Labrador	296	$1,110	$148	44.3%	Moderate
68	Revelstoke, British Columbia	290	$3,488	$322	46.6%	High
69	Port Colborne, Ontario	290	$1,385	$262	38.9%	Low
70	Coquitlam, British Columbia	284	$1,167	$127	44.4%	High
71	Township of Langley, British Columbia	282	$1,848	$166	47.8%	High
72	Langford, British Columbia	279	$2,064	$173	52.1%	High
73	Fernie, British Columbia	274	$1,976	$203	42.2%	High
74	Delta, British Columbia	272	$1,414	$160	43.5%	High
75	Grande Prairie, Alberta	268	$848	$108	41.2%	Low
76	Chertsey, Quebec	263	$2,497	$237	39.1%	High
77	Thorold, Ontario	261	$1,564	$171	39.7%	Low
78	Ajax, Ontario	260	$842	$114	36.4%	Low
79	Beaupré, Quebec	260	$1,576	$200	34.6%	High
80	Lethbridge, Alberta	257	$972	$116	42.1%	Low
81	Lac-Supérieur, Quebec	254	$2,935	$289	38.5%	High
82	Pickering, Ontario	252	$1,171	$139	41.1%	Low
83	Stoneham-et-Tewkesbury, Quebec	252	$2,400	$393	30.9%	High
84	Area C (Silver Star), British Columbia	251	$2,245	$364	36.8%	High
85	Milton, Ontario	251	$1,038	$141	40.4%	Low
86	Saint-Côme, Quebec	250	$2,553	$264	36.4%	High
87	Salt Spring Island Electoral Area, British Columbia	249	$2,364	$203	50.4%	High
88	Gravenhurst, Ontario	247	$2,837	$381	36.9%	Low
89	Whitehorse, Yukon	247	$1,934	$182	48.7%	Low
90	Laval (administrative region), Quebec	244	$1,312	$125	43.3%	High
91	West Vancouver, British Columbia	242	$3,119	$329	46.2%	High
92	Oshawa, Ontario	238	$764	$119	35.8%	Low
93	Area A (Upper Flathead/Elk Valley), British Columbia	234	$3,031	$309	37.3%	High
94	Vernon, British Columbia	234	$1,552	$173	50.0%	High
95	Burlington, Ontario	234	$1,445	$174	44.2%	Low
96	Saint John, New Brunswick	231	$1,046	$111	47.1%	Low
97	Whitby, Ontario	227	$1,056	$134	39.8%	Low
98	Dysart et al, Ontario	222	$3,185	$348	39.5%	Moderate
99	Fort Erie, Ontario	221	$2,124	$265	42.1%	Moderate
100	Squamish, British Columbia	220	$3,063	$264	53.9%	High

Most Profitable Airbnb Markets in Canada by Revenue

The most profitable Airbnb cities in Canada are those where hosts earn the highest average monthly revenue per listing — the single most telling indicator of a market's income potential. Canmore, Alberta leads with $5,661/month at $334 ADR and 58.2% occupancy. Whether you are evaluating your first STR investment or benchmarking an existing property, these top-earning Airbnb markets show where vacation rentals generate the greatest short-term rental income.

#	Market	Revenue/mo	Active Listings (TTM)	ADR	Occupancy	Regulation
1	Canmore, Alberta	$5,661	1,885	$334	58.2%	Low
2	Tofino, British Columbia	$5,362	342	$333	56.1%	High
3	Whistler, British Columbia	$4,803	404	$458	49.3%	High
4	Whistler Resort Municipality, British Columbia	$4,444	2,132	$406	43.7%	High
5	Revelstoke, British Columbia	$3,488	290	$322	46.6%	High
6	Ucluelet, British Columbia	$3,475	388	$249	50.9%	High
7	Juan de Fuca Electoral Area, British Columbia	$3,444	308	$273	47.4%	High
8	Area A (Kicking Horse/Kinbasket Lake), British Columbia	$3,339	462	$271	48.7%	High
9	Dysart et al, Ontario	$3,185	222	$348	39.5%	Moderate
10	Niagara-on-the-Lake, Ontario	$3,182	457	$300	41.8%	High
11	The Blue Mountains, Ontario	$3,153	659	$326	37.2%	Low
12	West Vancouver, British Columbia	$3,119	242	$329	46.2%	High
13	Squamish, British Columbia	$3,063	220	$264	53.9%	High
14	Area A (Upper Flathead/Elk Valley), British Columbia	$3,031	234	$309	37.3%	High
15	Mont-Tremblant, Quebec	$3,030	1,174	$298	37.8%	High
16	Lac-Supérieur, Quebec	$2,935	254	$289	38.5%	High
17	Huntsville, Ontario	$2,932	338	$314	41.6%	Moderate
18	Area F (Columbia Lake/Windermere Lake), British Columbia	$2,896	366	$285	41.5%	High
19	Gravenhurst, Ontario	$2,837	247	$381	36.9%	Low
20	Muskoka Lakes Township, Ontario	$2,817	319	$460	37.2%	Low
21	Petite-Rivière-Saint-François, Quebec	$2,720	472	$329	34.7%	High
22	Vancouver, British Columbia	$2,715	3,926	$247	51.7%	High
23	Prince Edward, Ontario	$2,663	464	$338	41.3%	High
24	Sun Peaks Mountain Resort Municipality, British Columbia	$2,659	335	$331	33.1%	High
25	Saint-Côme, Quebec	$2,553	250	$264	36.4%	High
26	Chertsey, Quebec	$2,497	263	$237	39.1%	High
27	Stoneham-et-Tewkesbury, Quebec	$2,400	252	$393	30.9%	High
28	West Kelowna, British Columbia	$2,376	431	$264	46.5%	High
29	Salt Spring Island Electoral Area, British Columbia	$2,364	249	$203	50.4%	High
30	Area E (Beaverdell/West Boundary), British Columbia	$2,295	458	$375	38.5%	High
31	Lambton Shores, Ontario	$2,282	377	$297	37.3%	Moderate
32	Area C (Silver Star), British Columbia	$2,245	251	$364	36.8%	High
33	Kawartha Lakes, Ontario	$2,219	516	$319	36.7%	Low
34	North Vancouver, British Columbia	$2,218	388	$191	52.5%	High
35	District of North Vancouver, British Columbia	$2,213	438	$219	50.7%	High
36	Municipality of Northern Bruce Peninsula, Ontario	$2,171	339	$257	42.9%	Moderate
37	Quebec, Quebec	$2,149	1,826	$172	47.9%	High
38	Fort Erie, Ontario	$2,124	221	$265	42.1%	Moderate
39	Langford, British Columbia	$2,064	279	$173	52.1%	High
40	Penticton, British Columbia	$2,026	307	$225	46.7%	High
41	Fernie, British Columbia	$1,976	274	$203	42.2%	High
42	Whitehorse, Yukon	$1,934	247	$182	48.7%	Low
43	Halifax, Nova Scotia	$1,897	872	$158	52.8%	High
44	Township of Langley, British Columbia	$1,848	282	$166	47.8%	High
45	Saint John's, Newfoundland and Labrador	$1,797	543	$171	50.8%	High
46	Kelowna, British Columbia	$1,775	724	$241	45.1%	High
47	Montreal, Quebec	$1,767	7,044	$164	47.6%	High
48	St. Catharines, Ontario	$1,758	316	$177	40.6%	Low
49	Saanich, British Columbia	$1,756	317	$147	53.1%	High
50	Innisfil, Ontario	$1,737	367	$241	36.1%	Low
51	Niagara Falls, Ontario	$1,648	1,198	$189	37.6%	Low
52	Charlottetown, Prince Edward Island	$1,644	335	$190	48.1%	High
53	Kingston, Ontario	$1,579	325	$151	48.0%	High
54	Beaupré, Quebec	$1,576	260	$200	34.6%	High
55	Thorold, Ontario	$1,564	261	$171	39.7%	Low
56	Victoria, British Columbia	$1,552	553	$162	48.4%	High
57	Vernon, British Columbia	$1,552	234	$173	50.0%	High
58	Toronto, Ontario	$1,499	11,170	$163	45.3%	High
59	Burlington, Ontario	$1,445	234	$174	44.2%	Low
60	Nanaimo, British Columbia	$1,430	401	$134	52.0%	High
61	Delta, British Columbia	$1,414	272	$160	43.5%	High
62	Port Colborne, Ontario	$1,385	290	$262	38.9%	Low
63	Surrey, British Columbia	$1,379	804	$160	42.0%	High
64	Longueuil, Quebec	$1,330	545	$138	45.2%	High
65	Burnaby, British Columbia	$1,314	550	$155	44.3%	High
66	Laval (administrative region), Quebec	$1,312	244	$125	43.3%	High
67	Calgary, Alberta	$1,297	4,774	$137	44.2%	High
68	Oakville, Ontario	$1,213	427	$148	44.1%	Low
69	Thunder Bay, Ontario	$1,211	323	$112	48.4%	Low
70	Pickering, Ontario	$1,171	252	$139	41.1%	Low
71	Coquitlam, British Columbia	$1,167	284	$127	44.4%	High
72	Ottawa, Ontario	$1,151	1,861	$117	46.3%	High
73	Greater Sudbury, Ontario	$1,140	342	$140	42.9%	Low
74	Wasaga Beach, Ontario	$1,120	340	$239	31.4%	Low
75	Richmond Hill, Ontario	$1,117	844	$147	40.1%	Low
76	St. John's, Newfoundland and Labrador	$1,110	296	$148	44.3%	Moderate
77	Hamilton, Ontario	$1,104	905	$138	41.5%	Low
78	Moncton, New Brunswick	$1,089	418	$134	39.4%	Low
79	Barrie, Ontario	$1,069	349	$147	37.4%	Low
80	Whitby, Ontario	$1,056	227	$134	39.8%	Low
81	Saint John, New Brunswick	$1,046	231	$111	47.1%	Low
82	Milton, Ontario	$1,038	251	$141	40.4%	Low
83	Mississauga, Ontario	$995	1,736	$126	41.6%	Moderate
84	Winnipeg, Manitoba	$994	1,279	$99	43.4%	High
85	Vaughan, Ontario	$993	344	$122	42.6%	High
86	Richmond, British Columbia	$976	894	$146	38.4%	High
87	Lethbridge, Alberta	$972	257	$116	42.1%	Low
88	Kitchener, Ontario	$940	571	$108	41.8%	Low
89	Edmonton, Alberta	$932	3,173	$103	41.1%	High
90	Saskatoon, Saskatchewan	$909	695	$85	46.3%	Low
91	London, Ontario	$881	828	$106	40.8%	Low
92	Gatineau, Quebec	$862	653	$87	44.7%	High
93	Grande Prairie, Alberta	$848	268	$108	41.2%	Low
94	Ajax, Ontario	$842	260	$114	36.4%	Low
95	Regina, Saskatchewan	$808	479	$85	44.8%	High
96	Brampton, Ontario	$791	931	$118	37.0%	Low
97	Windsor, Ontario	$777	598	$107	35.9%	Low
98	Oshawa, Ontario	$764	238	$119	35.8%	Low
99	Markham, Ontario	$744	520	$113	39.6%	Low
100	Waterloo, Ontario	$710	298	$94	38.3%	Low

Most Expensive Airbnb Markets in Canada by Nightly Rate

The average daily rate (ADR) measures how much guests pay per night in each market, making it the clearest indicator of a city's short-term rental pricing power. Muskoka Lakes Township, Ontario commands the highest Airbnb nightly rate in Canada at $460/night, generating $2,817/month at 37.2% occupancy. Markets with premium nightly pricing typically feature high-demand destinations where travelers pay a significant premium over hotel alternatives.

#	Market	ADR	Active Listings (TTM)	Revenue/mo	Occupancy	Regulation
1	Muskoka Lakes Township, Ontario	$460	319	$2,817	37.2%	Low
2	Whistler, British Columbia	$458	404	$4,803	49.3%	High
3	Whistler Resort Municipality, British Columbia	$406	2,132	$4,444	43.7%	High
4	Stoneham-et-Tewkesbury, Quebec	$393	252	$2,400	30.9%	High
5	Gravenhurst, Ontario	$381	247	$2,837	36.9%	Low
6	Area E (Beaverdell/West Boundary), British Columbia	$375	458	$2,295	38.5%	High
7	Area C (Silver Star), British Columbia	$364	251	$2,245	36.8%	High
8	Dysart et al, Ontario	$348	222	$3,185	39.5%	Moderate
9	Prince Edward, Ontario	$338	464	$2,663	41.3%	High
10	Canmore, Alberta	$334	1,885	$5,661	58.2%	Low
11	Tofino, British Columbia	$333	342	$5,362	56.1%	High
12	Sun Peaks Mountain Resort Municipality, British Columbia	$331	335	$2,659	33.1%	High
13	Petite-Rivière-Saint-François, Quebec	$329	472	$2,720	34.7%	High
14	West Vancouver, British Columbia	$329	242	$3,119	46.2%	High
15	The Blue Mountains, Ontario	$326	659	$3,153	37.2%	Low
16	Revelstoke, British Columbia	$322	290	$3,488	46.6%	High
17	Kawartha Lakes, Ontario	$319	516	$2,219	36.7%	Low
18	Huntsville, Ontario	$314	338	$2,932	41.6%	Moderate
19	Area A (Upper Flathead/Elk Valley), British Columbia	$309	234	$3,031	37.3%	High
20	Niagara-on-the-Lake, Ontario	$300	457	$3,182	41.8%	High
21	Mont-Tremblant, Quebec	$298	1,174	$3,030	37.8%	High
22	Lambton Shores, Ontario	$297	377	$2,282	37.3%	Moderate
23	Lac-Supérieur, Quebec	$289	254	$2,935	38.5%	High
24	Area F (Columbia Lake/Windermere Lake), British Columbia	$285	366	$2,896	41.5%	High
25	Juan de Fuca Electoral Area, British Columbia	$273	308	$3,444	47.4%	High
26	Area A (Kicking Horse/Kinbasket Lake), British Columbia	$271	462	$3,339	48.7%	High
27	Fort Erie, Ontario	$265	221	$2,124	42.1%	Moderate
28	West Kelowna, British Columbia	$264	431	$2,376	46.5%	High
29	Saint-Côme, Quebec	$264	250	$2,553	36.4%	High
30	Squamish, British Columbia	$264	220	$3,063	53.9%	High
31	Port Colborne, Ontario	$262	290	$1,385	38.9%	Low
32	Municipality of Northern Bruce Peninsula, Ontario	$257	339	$2,171	42.9%	Moderate
33	Ucluelet, British Columbia	$249	388	$3,475	50.9%	High
34	Vancouver, British Columbia	$247	3,926	$2,715	51.7%	High
35	Innisfil, Ontario	$241	367	$1,737	36.1%	Low
36	Kelowna, British Columbia	$241	724	$1,775	45.1%	High
37	Wasaga Beach, Ontario	$239	340	$1,120	31.4%	Low
38	Chertsey, Quebec	$237	263	$2,497	39.1%	High
39	Penticton, British Columbia	$225	307	$2,026	46.7%	High
40	District of North Vancouver, British Columbia	$219	438	$2,213	50.7%	High
41	Fernie, British Columbia	$203	274	$1,976	42.2%	High
42	Salt Spring Island Electoral Area, British Columbia	$203	249	$2,364	50.4%	High
43	Beaupré, Quebec	$200	260	$1,576	34.6%	High
44	North Vancouver, British Columbia	$191	388	$2,218	52.5%	High
45	Charlottetown, Prince Edward Island	$190	335	$1,644	48.1%	High
46	Niagara Falls, Ontario	$189	1,198	$1,648	37.6%	Low
47	Whitehorse, Yukon	$182	247	$1,934	48.7%	Low
48	St. Catharines, Ontario	$177	316	$1,758	40.6%	Low
49	Burlington, Ontario	$174	234	$1,445	44.2%	Low
50	Langford, British Columbia	$173	279	$2,064	52.1%	High
51	Vernon, British Columbia	$173	234	$1,552	50.0%	High
52	Quebec, Quebec	$172	1,826	$2,149	47.9%	High
53	Saint John's, Newfoundland and Labrador	$171	543	$1,797	50.8%	High
54	Thorold, Ontario	$171	261	$1,564	39.7%	Low
55	Township of Langley, British Columbia	$166	282	$1,848	47.8%	High
56	Montreal, Quebec	$164	7,044	$1,767	47.6%	High
57	Toronto, Ontario	$163	11,170	$1,499	45.3%	High
58	Victoria, British Columbia	$162	553	$1,552	48.4%	High
59	Delta, British Columbia	$160	272	$1,414	43.5%	High
60	Surrey, British Columbia	$160	804	$1,379	42.0%	High
61	Halifax, Nova Scotia	$158	872	$1,897	52.8%	High
62	Burnaby, British Columbia	$155	550	$1,314	44.3%	High
63	Kingston, Ontario	$151	325	$1,579	48.0%	High
64	Oakville, Ontario	$148	427	$1,213	44.1%	Low
65	St. John's, Newfoundland and Labrador	$148	296	$1,110	44.3%	Moderate
66	Saanich, British Columbia	$147	317	$1,756	53.1%	High
67	Richmond Hill, Ontario	$147	844	$1,117	40.1%	Low
68	Barrie, Ontario	$147	349	$1,069	37.4%	Low
69	Richmond, British Columbia	$146	894	$976	38.4%	High
70	Milton, Ontario	$141	251	$1,038	40.4%	Low
71	Greater Sudbury, Ontario	$140	342	$1,140	42.9%	Low
72	Pickering, Ontario	$139	252	$1,171	41.1%	Low
73	Hamilton, Ontario	$138	905	$1,104	41.5%	Low
74	Longueuil, Quebec	$138	545	$1,330	45.2%	High
75	Calgary, Alberta	$137	4,774	$1,297	44.2%	High
76	Moncton, New Brunswick	$134	418	$1,089	39.4%	Low
77	Nanaimo, British Columbia	$134	401	$1,430	52.0%	High
78	Whitby, Ontario	$134	227	$1,056	39.8%	Low
79	Coquitlam, British Columbia	$127	284	$1,167	44.4%	High
80	Mississauga, Ontario	$126	1,736	$995	41.6%	Moderate
81	Laval (administrative region), Quebec	$125	244	$1,312	43.3%	High
82	Vaughan, Ontario	$122	344	$993	42.6%	High
83	Oshawa, Ontario	$119	238	$764	35.8%	Low
84	Brampton, Ontario	$118	931	$791	37.0%	Low
85	Ottawa, Ontario	$117	1,861	$1,151	46.3%	High
86	Lethbridge, Alberta	$116	257	$972	42.1%	Low
87	Ajax, Ontario	$114	260	$842	36.4%	Low
88	Markham, Ontario	$113	520	$744	39.6%	Low
89	Thunder Bay, Ontario	$112	323	$1,211	48.4%	Low
90	Saint John, New Brunswick	$111	231	$1,046	47.1%	Low
91	Kitchener, Ontario	$108	571	$940	41.8%	Low
92	Grande Prairie, Alberta	$108	268	$848	41.2%	Low
93	Windsor, Ontario	$107	598	$777	35.9%	Low
94	London, Ontario	$106	828	$881	40.8%	Low
95	Edmonton, Alberta	$103	3,173	$932	41.1%	High
96	Winnipeg, Manitoba	$99	1,279	$994	43.4%	High
97	Waterloo, Ontario	$94	298	$710	38.3%	Low
98	Gatineau, Quebec	$87	653	$862	44.7%	High
99	Regina, Saskatchewan	$85	479	$808	44.8%	High
100	Saskatoon, Saskatchewan	$85	695	$909	46.3%	Low

Highest Occupancy Airbnb Markets in Canada

Airbnb occupancy rate measures the percentage of available nights actually booked — the most telling indicator of short-term rental demand in a market. Canmore, Alberta leads Canada with 58.2% occupancy, $5,661/month revenue, and 1,885 active listings. Markets with the highest STR occupancy rates reflect strong, sustained guest demand — a critical signal for investors evaluating where properties will stay consistently booked year-round. This ranking is filtered to markets with 300+ listings to ensure statistical reliability.

#	Market	Occupancy	Active Listings (TTM)	Revenue/mo	ADR	Regulation
1	Canmore, Alberta	58.2%	1,885	$5,661	$334	Low
2	Tofino, British Columbia	56.1%	342	$5,362	$333	High
3	Saanich, British Columbia	53.1%	317	$1,756	$147	High
4	Halifax, Nova Scotia	52.8%	872	$1,897	$158	High
5	North Vancouver, British Columbia	52.5%	388	$2,218	$191	High
6	Nanaimo, British Columbia	52.0%	401	$1,430	$134	High
7	Vancouver, British Columbia	51.7%	3,926	$2,715	$247	High
8	Ucluelet, British Columbia	50.9%	388	$3,475	$249	High
9	Saint John's, Newfoundland and Labrador	50.8%	543	$1,797	$171	High
10	District of North Vancouver, British Columbia	50.7%	438	$2,213	$219	High
11	Whistler, British Columbia	49.3%	404	$4,803	$458	High
12	Area A (Kicking Horse/Kinbasket Lake), British Columbia	48.7%	462	$3,339	$271	High
13	Victoria, British Columbia	48.4%	553	$1,552	$162	High
14	Thunder Bay, Ontario	48.4%	323	$1,211	$112	Low
15	Charlottetown, Prince Edward Island	48.1%	335	$1,644	$190	High
16	Kingston, Ontario	48.0%	325	$1,579	$151	High
17	Quebec, Quebec	47.9%	1,826	$2,149	$172	High
18	Montreal, Quebec	47.6%	7,044	$1,767	$164	High
19	Juan de Fuca Electoral Area, British Columbia	47.4%	308	$3,444	$273	High
20	Penticton, British Columbia	46.7%	307	$2,026	$225	High
21	West Kelowna, British Columbia	46.5%	431	$2,376	$264	High
22	Saskatoon, Saskatchewan	46.3%	695	$909	$85	Low
23	Ottawa, Ontario	46.3%	1,861	$1,151	$117	High
24	Toronto, Ontario	45.3%	11,170	$1,499	$163	High
25	Longueuil, Quebec	45.2%	545	$1,330	$138	High
26	Kelowna, British Columbia	45.1%	724	$1,775	$241	High
27	Regina, Saskatchewan	44.8%	479	$808	$85	High
28	Gatineau, Quebec	44.7%	653	$862	$87	High
29	Burnaby, British Columbia	44.3%	550	$1,314	$155	High
30	Calgary, Alberta	44.2%	4,774	$1,297	$137	High
31	Oakville, Ontario	44.1%	427	$1,213	$148	Low
32	Whistler Resort Municipality, British Columbia	43.7%	2,132	$4,444	$406	High
33	Winnipeg, Manitoba	43.4%	1,279	$994	$99	High
34	Greater Sudbury, Ontario	42.9%	342	$1,140	$140	Low
35	Municipality of Northern Bruce Peninsula, Ontario	42.9%	339	$2,171	$257	Moderate
36	Vaughan, Ontario	42.6%	344	$993	$122	High
37	Surrey, British Columbia	42.0%	804	$1,379	$160	High
38	Niagara-on-the-Lake, Ontario	41.8%	457	$3,182	$300	High
39	Kitchener, Ontario	41.8%	571	$940	$108	Low
40	Mississauga, Ontario	41.6%	1,736	$995	$126	Moderate
41	Huntsville, Ontario	41.6%	338	$2,932	$314	Moderate
42	Hamilton, Ontario	41.5%	905	$1,104	$138	Low
43	Area F (Columbia Lake/Windermere Lake), British Columbia	41.5%	366	$2,896	$285	High
44	Prince Edward, Ontario	41.3%	464	$2,663	$338	High
45	Edmonton, Alberta	41.1%	3,173	$932	$103	High
46	London, Ontario	40.8%	828	$881	$106	Low
47	St. Catharines, Ontario	40.6%	316	$1,758	$177	Low
48	Richmond Hill, Ontario	40.1%	844	$1,117	$147	Low
49	Markham, Ontario	39.6%	520	$744	$113	Low
50	Moncton, New Brunswick	39.4%	418	$1,089	$134	Low
51	Area E (Beaverdell/West Boundary), British Columbia	38.5%	458	$2,295	$375	High
52	Richmond, British Columbia	38.4%	894	$976	$146	High
53	Mont-Tremblant, Quebec	37.8%	1,174	$3,030	$298	High
54	Niagara Falls, Ontario	37.6%	1,198	$1,648	$189	Low
55	Barrie, Ontario	37.4%	349	$1,069	$147	Low
56	Lambton Shores, Ontario	37.3%	377	$2,282	$297	Moderate
57	The Blue Mountains, Ontario	37.2%	659	$3,153	$326	Low
58	Muskoka Lakes Township, Ontario	37.2%	319	$2,817	$460	Low
59	Brampton, Ontario	37.0%	931	$791	$118	Low
60	Kawartha Lakes, Ontario	36.7%	516	$2,219	$319	Low
61	Innisfil, Ontario	36.1%	367	$1,737	$241	Low
62	Windsor, Ontario	35.9%	598	$777	$107	Low
63	Petite-Rivière-Saint-François, Quebec	34.7%	472	$2,720	$329	High
64	Sun Peaks Mountain Resort Municipality, British Columbia	33.1%	335	$2,659	$331	High
65	Wasaga Beach, Ontario	31.4%	340	$1,120	$239	Low

How to Choose an Airbnb Investment Market in Canada

No single ranking tells the full story. The best Airbnb market for a given investor depends on their capital, risk tolerance, operating model, and income goals. The four ranking dimensions on this page — market depth, revenue, ADR, and occupancy — serve different investor profiles.

If you prioritize predictable cash flow, start with the occupancy rankings. Markets where occupancy exceeds 55% offer consistent bookings and lower vacancy risk. High-occupancy markets may not have the highest nightly rates, but their revenue stability makes them better suited for mortgage-backed investments where monthly debt coverage matters more than peak earnings.

If you're targeting maximum income per property, use the revenue rankings. Revenue is the product of nightly rate and occupancy — it captures the combined effect of both. The highest-revenue Airbnb markets in Canada tend to be destination cities where travelers stay longer and pay a premium for entire-home listings.

If you're evaluating luxury or premium positioning, the ADR rankings show where guests are willing to pay top dollar per night. High-ADR markets reward property upgrades, professional photography, and amenity investments. However, a high nightly rate with low occupancy may generate less income than a moderately priced listing that stays booked consistently.

If you want the deepest market data, the active listings rankings identify cities with the largest short-term rental supply. More listings mean more comparable properties for pricing, more data points for revenue projections, and typically a more liquid resale market if your investment thesis changes.

In all cases, check the regulation column before committing capital. A profitable market with high regulation may require permits, annual caps on rental days, or costly compliance steps that erode returns. Markets with low regulation offer faster time-to-market but may tighten rules as STR supply grows.

Short-Term Rental Regulation in Canada

Understanding the regulatory environment is critical for any Airbnb investment in Canada. Regulation affects licensing costs, annual operating limits, tax obligations, and the long-term viability of a short-term rental strategy.

Across the 100 markets ranked on this page: 35 have a low regulation profile (generally operator-friendly with minimal licensing requirements), 0 have medium regulation (some permit or registration requirements), and 58 have high regulation (strict licensing, annual rental day caps, or active enforcement). Markets with low regulation offer the lowest barrier to entry, while high-regulation markets may still be profitable — but require careful compliance planning and often limit the number of properties a single operator can manage.

AirROI classifies regulation as a market-level signal based on available ordinance data and platform registration patterns. This is not legal advice — always verify current local ordinances, as short-term rental rules can change rapidly, especially in high-growth markets where municipalities are actively responding to STR expansion.

How We Rank the Best Airbnb Investment Markets in Canada

This page ranks Airbnb markets in Canada across four dimensions that matter most to short-term rental investors and operators: market depth (active listings), revenue potential (monthly income per listing), pricing power (average daily rate), and booking demand (occupancy rate). Each ranking uses the same underlying dataset but sorts by a different metric, giving you multiple lenses to evaluate where to invest in Airbnb in Canada.

No single metric tells the full story. A market with high ADR but low occupancy may underperform one with moderate pricing and strong demand. Revenue captures the combined effect of rate and occupancy, while active listings signal whether a market has enough depth for reliable benchmarking and a liquid resale environment. We include regulation data alongside every ranking so you can weigh compliance risk before committing capital.

Ranking Methodology & Data Sources

Active Listings (TTM): The count of active short-term rental listings in each market over the trailing twelve months — a proxy for market maturity, data reliability, and investor confidence in Canada.
Monthly Revenue: Average gross revenue per listing per month — the bottom-line metric for evaluating Airbnb profitability in Canada and projecting cash flow.
Average Daily Rate (ADR): The mean nightly booking price across all active listings — the clearest measure of a market's short-term rental pricing power.
Occupancy Rate: Percentage of available nights booked — the demand signal that determines how much of your nightly rate converts to actual income. Occupancy rankings are filtered to markets with 300+ listings to exclude small markets with unreliable averages.
Regulation: An indicator of the local regulatory climate in Canada, from low (operator-friendly) to high (strict licensing and enforcement) — essential for assessing compliance risk.

All data is sourced from AirROI's proprietary analytics pipeline, which tracks 20,000,000+ properties across 190+ countries. Metrics are recalculated on a rolling basis using trailing twelve-month aggregates from active listings. For full methodology, see the data methodology page.

Frequently Asked Questions About the Best Airbnb Markets in Canada

These quick answers summarize the most common investor and operator questions using AirROI's latest market data for Canada.

What are the best places to invest in Airbnb in Canada?

Toronto, Ontario leads this ranking for Canada with 11,170 active listings — the largest market by depth. Markets are ranked by listing count because deeper markets offer more comparable data, more pricing benchmarks, and a more predictable operating environment for investors. Each row also shows revenue, ADR, occupancy, and regulation so investors can evaluate based on what matters most to them.

Which market has the highest Airbnb revenue in Canada?

Canmore, Alberta posts the highest average monthly revenue in this ranking at $5,661. Revenue leaders often combine healthy rates, solid occupancy, and enough listing scale to support repeatable operations rather than one-off outliers.

Which market has the strongest Airbnb occupancy in Canada?

Canmore, Alberta has the highest occupancy rate in this comparison at 58.2%. High occupancy can signal resilient demand, but investors still need to balance it against nightly rates, regulation, and supply depth before deciding where to buy or operate.

Which market has the highest Airbnb nightly rate in Canada?

Muskoka Lakes Township, Ontario commands the highest average daily rate at $460 per night. A high ADR does not automatically translate to the highest revenue — occupancy and seasonality determine how much of that rate converts to realized income.

Which Airbnb markets in Canada have the lowest regulation?

Canmore (Alberta), Niagara Falls (Ontario), Brampton (Ontario) currently show low regulation profiles in this ranking. Lower regulation can reduce compliance costs and time-to-market for new hosts, but investors should always verify local ordinances before purchasing — rules can change quickly as short-term rental markets grow.

Is short-term rental investing still profitable in Canada in 2026?

The markets ranked here average 43.1% occupancy, and the top performer posts $5,661 in monthly revenue. Profitability depends on property acquisition cost, local operating expenses, and regulation compliance — but the data shows active, performing markets exist across Canada for well-researched investors.

How often are AirROI's top Airbnb market rankings updated?

AirROI updates these rankings using the latest market snapshot available in the dataset, which for this page is anchored to 2026. Rankings should be treated as current market intelligence rather than permanent truths because pricing, demand, regulation, and supply can all shift over time.

What metrics should I use to evaluate Airbnb investments in Canada?

The most important metrics for comparing short-term rental markets are active listing count (market depth and data reliability), occupancy rate (demand consistency), average daily rate (pricing power), monthly revenue (income potential), and regulation level (compliance cost and risk). This ranking sorts by market depth first; use the other columns to filter for the profile that fits your investment strategy.

What makes a good Airbnb market for first-time investors in Canada?

First-time investors in Canada should prioritize markets with high occupancy (55%+) and low regulation, which reduce the risk of empty calendars and compliance surprises. Markets with 200+ active listings also provide better benchmarking data and a more predictable operating environment. Revenue is important, but consistent demand is more forgiving for operators still learning pricing and guest management.

What is a good Airbnb occupancy rate in Canada?

Across the markets ranked here, the average occupancy rate in Canada is 43.1%. Occupancy above 50% is generally considered healthy for short-term rentals, and above 65% signals strong, sustained demand. However, the best occupancy rate depends on pricing strategy — some hosts maximize revenue by targeting fewer bookings at higher nightly rates rather than maximizing booking volume.

How does regulation affect Airbnb investment returns in Canada?

Regulation is one of the most overlooked risks in short-term rental investing. In Canada, 35 of 100 ranked markets have low regulation, 0 have medium, and 58 have high. High-regulation markets often require permits, limit annual rental days, or impose occupancy taxes — all of which reduce net returns. Low-regulation markets offer faster time-to-market and lower compliance costs, but rules can tighten as STR supply grows.

What is the difference between ADR and RevPAR for Airbnb investing?

ADR (Average Daily Rate) is the average nightly price guests pay, while RevPAR (Revenue Per Available Rental night) factors in both price and occupancy. A market with $200 ADR and 50% occupancy has $100 RevPAR — the same as a market with $125 ADR and 80% occupancy. RevPAR is a better single-number benchmark for comparing markets because it captures how effectively nightly rates convert to realized income. AirROI's city-level reports include RevPAR with percentile breakdowns for deeper analysis.

How many Airbnb listings does a market need to be investable in Canada?

Markets with fewer than 100 active listings can show volatile averages that do not predict future performance. The median market in this Canada ranking has about 349 listings. Larger markets (500+) offer more reliable data, more comparable properties for pricing, and typically a more liquid exit if you decide to sell. Smaller markets can still be profitable, but investors should treat the data as directional rather than precise.

How do seasonal and year-round Airbnb markets differ in Canada?

Seasonal markets in Canada experience dramatic swings in booking demand — often earning 60-70% of annual revenue in just 3-4 peak months. Year-round markets deliver steadier cash flow with lower peak-to-trough variation. Investors who need predictable monthly income should prioritize high-occupancy markets with low seasonal variance, while those comfortable with cash-flow timing can target seasonal markets where peak rates compensate for off-season softness.

About AirROI Market Data

AirROI tracks over 20 million properties across 190+ countries and maintains 15+ years of historical performance data, making it one of the deepest Airbnb and STR intelligence platforms available. The analytics pipeline aggregates listing-level data monthly — revenue, occupancy, nightly rates, RevPAR, guest demographics, booking patterns, and competitive supply — so investors and operators can benchmark any market against its own history and against neighboring destinations.

Real estate investors, property managers, financial institutions, hospitality consultants, and academic researchers rely on AirROI data to underwrite acquisitions, optimize pricing, model macro trends, and conduct peer-reviewed research. Data is available through in-depth market reports, the data portal for bulk downloads, the Airbnb API with 22 endpoints, and an Airbnb MCP Server for AI agents.

All metrics reflect trailing twelve-month aggregates from active listings as of 2026-07-06. Revenue figures are market averages, not projections. For full methodology, see the data methodology page.

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What Other Airbnb Markets Are in Canada?

Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Northwest Territories Nova Scotia Nunavut Ontario Prince Edward Island Quebec Saskatchewan Yukon Yukon Territories