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

Source: AirROI Reviewed by Jun Zhou , Founder @ AirROI

Updated: 2026-05-04

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 9,696 active listings and $1,531/month revenue. Across all ranked markets, average occupancy is 44.4% with $2,043/month in average revenue and $203/night ADR. 32 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 9,696 active short-term rental listings and $1,531/month in average revenue.

#	Market	Active Listings (TTM)	Revenue/mo	ADR	Occupancy	Regulation
1	Toronto, Ontario	9,696	$1,531	$149	46.8%	High
2	Montreal, Quebec	6,244	$1,865	$159	49.1%	High
3	Calgary, Alberta	3,868	$1,548	$136	47.8%	High
4	Vancouver, British Columbia	3,389	$2,697	$216	54.7%	High
5	Edmonton, Alberta	2,530	$1,072	$100	44.5%	High
6	Whistler Resort Municipality, British Columbia	2,105	$4,293	$388	43.1%	High
7	Quebec, Quebec	1,761	$2,244	$166	49.2%	High
8	Canmore, Alberta	1,740	$6,074	$329	60.9%	Low
9	Ottawa, Ontario	1,665	$1,230	$112	47.7%	High
10	Mississauga, Ontario	1,511	$1,044	$113	42.6%	Moderate
11	Niagara Falls, Ontario	1,062	$1,808	$187	39.3%	Low
12	Mont-Tremblant, Quebec	1,050	$3,184	$296	38.1%	High
13	Winnipeg, Manitoba	990	$1,161	$100	47.7%	High
14	Hamilton, Ontario	816	$1,174	$134	42.7%	Low
15	Surrey, British Columbia	789	$1,318	$138	44.8%	High
16	Richmond, British Columbia	770	$1,011	$132	40.3%	High
17	Halifax, Nova Scotia	762	$2,008	$154	53.6%	High
18	Brampton, Ontario	734	$861	$108	37.7%	Low
19	London, Ontario	683	$965	$103	41.4%	Low
20	Richmond Hill, Ontario	674	$1,215	$141	41.7%	Low
21	The Blue Mountains, Ontario	623	$3,253	$317	37.3%	Low
22	Kelowna, British Columbia	594	$1,902	$231	47.1%	High
23	Gatineau, Quebec	585	$896	$84	45.3%	High
24	Saskatoon, Saskatchewan	550	$1,027	$84	50.0%	Low
25	Saint John's, Newfoundland and Labrador	540	$1,894	$164	53.1%	High
26	Kawartha Lakes, Ontario	497	$2,304	$310	36.6%	Low
27	Windsor, Ontario	492	$861	$103	36.3%	Low
28	Kitchener, Ontario	479	$1,025	$103	43.8%	Low
29	Area E (Beaverdell/West Boundary), British Columbia	475	$2,196	$358	37.3%	High
30	Longueuil, Quebec	465	$1,441	$134	47.2%	High
31	Burnaby, British Columbia	464	$1,379	$139	47.8%	High
32	Area A (Kicking Horse/Kinbasket Lake), British Columbia	457	$3,534	$261	51.6%	High
33	District of North Vancouver, British Columbia	446	$2,080	$197	52.9%	High
34	Petite-Rivière-Saint-François, Quebec	435	$2,779	$320	34.2%	High
35	Victoria, British Columbia	433	$1,474	$148	48.7%	High
36	Niagara-on-the-Lake, Ontario	433	$3,284	$296	42.6%	High
37	Prince Edward, Ontario	427	$2,879	$334	43.1%	High
38	Lambton Shores, Ontario	374	$2,291	$285	37.6%	Moderate
39	West Kelowna, British Columbia	371	$2,582	$258	49.9%	High
40	Markham, Ontario	371	$852	$107	41.4%	Low
41	Regina, Saskatchewan	371	$923	$85	46.3%	High
42	Area F (Columbia Lake/Windermere Lake), British Columbia	361	$2,988	$277	42.2%	High
43	Oakville, Ontario	360	$1,271	$140	43.6%	Low
44	Ucluelet, British Columbia	358	$3,655	$242	53.1%	High
45	Saanich, British Columbia	356	$1,617	$139	54.4%	High
46	Nanaimo, British Columbia	348	$1,498	$130	53.4%	High
47	Sun Peaks Mountain Resort Municipality, British Columbia	339	$2,551	$320	31.5%	High
48	Moncton, New Brunswick	337	$1,243	$135	41.5%	Low
49	Municipality of Northern Bruce Peninsula, Ontario	337	$2,235	$246	44.5%	Moderate
50	Innisfil, Ontario	330	$1,917	$238	37.7%	Low
51	Tofino, British Columbia	323	$5,340	$318	57.5%	High
52	Wasaga Beach, Ontario	320	$1,221	$236	31.9%	Low
53	Muskoka Lakes Township, Ontario	319	$2,944	$451	37.4%	Low
54	Juan de Fuca Electoral Area, British Columbia	317	$3,292	$260	47.0%	High
55	Township of Langley, British Columbia	310	$1,691	$150	48.2%	High
56	Charlottetown, Prince Edward Island	308	$1,816	$182	50.9%	High
57	Huntsville, Ontario	304	$3,192	$308	42.8%	Moderate
58	Vaughan, Ontario	304	$1,051	$110	43.1%	High
59	North Vancouver, British Columbia	300	$2,213	$173	56.5%	High
60	Barrie, Ontario	293	$1,134	$137	38.3%	Low
61	Kingston, Ontario	288	$1,685	$145	49.5%	High
62	Thunder Bay, Ontario	286	$1,254	$104	50.2%	Low
63	Waterloo, Ontario	283	$717	$88	39.7%	Low
64	Penticton, British Columbia	282	$2,062	$215	48.2%	High
65	Port Colborne, Ontario	274	$1,458	$256	38.4%	Low
66	Whistler, British Columbia	272	$4,903	$419	48.1%	High
67	St. Catharines, Ontario	269	$1,938	$187	42.6%	Low
68	Greater Sudbury, Ontario	265	$1,295	$137	44.5%	Low
69	Revelstoke, British Columbia	257	$3,489	$300	46.0%	High
70	Fernie, British Columbia	252	$2,005	$193	42.6%	High
71	Langford, British Columbia	252	$2,076	$164	54.4%	High
72	Lac-Supérieur, Quebec	252	$2,989	$279	39.5%	High
73	Coquitlam, British Columbia	251	$1,118	$111	45.3%	High
74	Area C (Silver Star), British Columbia	249	$2,176	$351	34.9%	High
75	Saint-Côme, Quebec	247	$2,625	$253	37.6%	High
76	Whitehorse, Yukon	247	$1,968	$172	49.7%	Low
77	Beaupré, Quebec	246	$1,592	$192	33.5%	High
78	Laval (administrative region), Quebec	245	$1,315	$118	44.6%	High
79	Stoneham-et-Tewkesbury, Quebec	241	$2,497	$378	30.9%	High
80	Salt Spring Island Electoral Area, British Columbia	239	$2,366	$198	50.9%	High
81	Grande Prairie, Alberta	238	$872	$104	41.3%	Low
82	Chertsey, Quebec	236	$2,677	$233	40.4%	High
83	Area A (Upper Flathead/Elk Valley), British Columbia	235	$3,000	$302	36.8%	High
84	West Vancouver, British Columbia	224	$3,042	$291	47.3%	High
85	Delta, British Columbia	223	$1,517	$146	47.9%	High
86	Kamloops, British Columbia	214	$1,246	$116	53.1%	High
87	Vernon, British Columbia	214	$1,583	$163	49.8%	High
88	Gravenhurst, Ontario	214	$2,954	$376	37.6%	Low
89	Picton, Ontario	212	$2,679	$260	46.3%	High
90	Lethbridge, Alberta	210	$1,092	$110	43.1%	Low
91	Oro-Medonte, Ontario	210	$1,710	$219	37.2%	Low
92	Squamish, British Columbia	208	$2,970	$248	55.0%	High
93	Burlington, Ontario	208	$1,599	$171	44.5%	Low
94	Dysart et al, Ontario	208	$3,378	$332	40.4%	Moderate
95	Saint John, New Brunswick	207	$1,109	$107	47.5%	Low
96	Fort Erie, Ontario	203	$2,310	$259	42.9%	Moderate
97	Ajax, Ontario	202	$960	$106	38.5%	Low
98	La Malbaie, Quebec	201	$2,253	$261	35.8%	High
99	Area C (Puntledge/Black Creek), British Columbia	198	$2,671	$252	46.2%	High
100	Milton, Ontario	198	$1,164	$144	41.0%	Low

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 $6,074/month at $329 ADR and 60.9% 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	$6,074	1,740	$329	60.9%	Low
2	Tofino, British Columbia	$5,340	323	$318	57.5%	High
3	Whistler, British Columbia	$4,903	272	$419	48.1%	High
4	Whistler Resort Municipality, British Columbia	$4,293	2,105	$388	43.1%	High
5	Ucluelet, British Columbia	$3,655	358	$242	53.1%	High
6	Area A (Kicking Horse/Kinbasket Lake), British Columbia	$3,534	457	$261	51.6%	High
7	Revelstoke, British Columbia	$3,489	257	$300	46.0%	High
8	Dysart et al, Ontario	$3,378	208	$332	40.4%	Moderate
9	Juan de Fuca Electoral Area, British Columbia	$3,292	317	$260	47.0%	High
10	Niagara-on-the-Lake, Ontario	$3,284	433	$296	42.6%	High
11	The Blue Mountains, Ontario	$3,253	623	$317	37.3%	Low
12	Huntsville, Ontario	$3,192	304	$308	42.8%	Moderate
13	Mont-Tremblant, Quebec	$3,184	1,050	$296	38.1%	High
14	West Vancouver, British Columbia	$3,042	224	$291	47.3%	High
15	Area A (Upper Flathead/Elk Valley), British Columbia	$3,000	235	$302	36.8%	High
16	Lac-Supérieur, Quebec	$2,989	252	$279	39.5%	High
17	Area F (Columbia Lake/Windermere Lake), British Columbia	$2,988	361	$277	42.2%	High
18	Squamish, British Columbia	$2,970	208	$248	55.0%	High
19	Gravenhurst, Ontario	$2,954	214	$376	37.6%	Low
20	Muskoka Lakes Township, Ontario	$2,944	319	$451	37.4%	Low
21	Prince Edward, Ontario	$2,879	427	$334	43.1%	High
22	Petite-Rivière-Saint-François, Quebec	$2,779	435	$320	34.2%	High
23	Vancouver, British Columbia	$2,697	3,389	$216	54.7%	High
24	Picton, Ontario	$2,679	212	$260	46.3%	High
25	Chertsey, Quebec	$2,677	236	$233	40.4%	High
26	Area C (Puntledge/Black Creek), British Columbia	$2,671	198	$252	46.2%	High
27	Saint-Côme, Quebec	$2,625	247	$253	37.6%	High
28	West Kelowna, British Columbia	$2,582	371	$258	49.9%	High
29	Sun Peaks Mountain Resort Municipality, British Columbia	$2,551	339	$320	31.5%	High
30	Stoneham-et-Tewkesbury, Quebec	$2,497	241	$378	30.9%	High
31	Salt Spring Island Electoral Area, British Columbia	$2,366	239	$198	50.9%	High
32	Fort Erie, Ontario	$2,310	203	$259	42.9%	Moderate
33	Kawartha Lakes, Ontario	$2,304	497	$310	36.6%	Low
34	Lambton Shores, Ontario	$2,291	374	$285	37.6%	Moderate
35	La Malbaie, Quebec	$2,253	201	$261	35.8%	High
36	Quebec, Quebec	$2,244	1,761	$166	49.2%	High
37	Municipality of Northern Bruce Peninsula, Ontario	$2,235	337	$246	44.5%	Moderate
38	North Vancouver, British Columbia	$2,213	300	$173	56.5%	High
39	Area E (Beaverdell/West Boundary), British Columbia	$2,196	475	$358	37.3%	High
40	Area C (Silver Star), British Columbia	$2,176	249	$351	34.9%	High
41	District of North Vancouver, British Columbia	$2,080	446	$197	52.9%	High
42	Langford, British Columbia	$2,076	252	$164	54.4%	High
43	Penticton, British Columbia	$2,062	282	$215	48.2%	High
44	Halifax, Nova Scotia	$2,008	762	$154	53.6%	High
45	Fernie, British Columbia	$2,005	252	$193	42.6%	High
46	Whitehorse, Yukon	$1,968	247	$172	49.7%	Low
47	St. Catharines, Ontario	$1,938	269	$187	42.6%	Low
48	Innisfil, Ontario	$1,917	330	$238	37.7%	Low
49	Kelowna, British Columbia	$1,902	594	$231	47.1%	High
50	Saint John's, Newfoundland and Labrador	$1,894	540	$164	53.1%	High
51	Montreal, Quebec	$1,865	6,244	$159	49.1%	High
52	Charlottetown, Prince Edward Island	$1,816	308	$182	50.9%	High
53	Niagara Falls, Ontario	$1,808	1,062	$187	39.3%	Low
54	Oro-Medonte, Ontario	$1,710	210	$219	37.2%	Low
55	Township of Langley, British Columbia	$1,691	310	$150	48.2%	High
56	Kingston, Ontario	$1,685	288	$145	49.5%	High
57	Saanich, British Columbia	$1,617	356	$139	54.4%	High
58	Burlington, Ontario	$1,599	208	$171	44.5%	Low
59	Beaupré, Quebec	$1,592	246	$192	33.5%	High
60	Vernon, British Columbia	$1,583	214	$163	49.8%	High
61	Calgary, Alberta	$1,548	3,868	$136	47.8%	High
62	Toronto, Ontario	$1,531	9,696	$149	46.8%	High
63	Delta, British Columbia	$1,517	223	$146	47.9%	High
64	Nanaimo, British Columbia	$1,498	348	$130	53.4%	High
65	Victoria, British Columbia	$1,474	433	$148	48.7%	High
66	Port Colborne, Ontario	$1,458	274	$256	38.4%	Low
67	Longueuil, Quebec	$1,441	465	$134	47.2%	High
68	Burnaby, British Columbia	$1,379	464	$139	47.8%	High
69	Surrey, British Columbia	$1,318	789	$138	44.8%	High
70	Laval (administrative region), Quebec	$1,315	245	$118	44.6%	High
71	Greater Sudbury, Ontario	$1,295	265	$137	44.5%	Low
72	Oakville, Ontario	$1,271	360	$140	43.6%	Low
73	Thunder Bay, Ontario	$1,254	286	$104	50.2%	Low
74	Kamloops, British Columbia	$1,246	214	$116	53.1%	High
75	Moncton, New Brunswick	$1,243	337	$135	41.5%	Low
76	Ottawa, Ontario	$1,230	1,665	$112	47.7%	High
77	Wasaga Beach, Ontario	$1,221	320	$236	31.9%	Low
78	Richmond Hill, Ontario	$1,215	674	$141	41.7%	Low
79	Hamilton, Ontario	$1,174	816	$134	42.7%	Low
80	Milton, Ontario	$1,164	198	$144	41.0%	Low
81	Winnipeg, Manitoba	$1,161	990	$100	47.7%	High
82	Barrie, Ontario	$1,134	293	$137	38.3%	Low
83	Coquitlam, British Columbia	$1,118	251	$111	45.3%	High
84	Saint John, New Brunswick	$1,109	207	$107	47.5%	Low
85	Lethbridge, Alberta	$1,092	210	$110	43.1%	Low
86	Edmonton, Alberta	$1,072	2,530	$100	44.5%	High
87	Vaughan, Ontario	$1,051	304	$110	43.1%	High
88	Mississauga, Ontario	$1,044	1,511	$113	42.6%	Moderate
89	Saskatoon, Saskatchewan	$1,027	550	$84	50.0%	Low
90	Kitchener, Ontario	$1,025	479	$103	43.8%	Low
91	Richmond, British Columbia	$1,011	770	$132	40.3%	High
92	London, Ontario	$965	683	$103	41.4%	Low
93	Ajax, Ontario	$960	202	$106	38.5%	Low
94	Regina, Saskatchewan	$923	371	$85	46.3%	High
95	Gatineau, Quebec	$896	585	$84	45.3%	High
96	Grande Prairie, Alberta	$872	238	$104	41.3%	Low
97	Brampton, Ontario	$861	734	$108	37.7%	Low
98	Windsor, Ontario	$861	492	$103	36.3%	Low
99	Markham, Ontario	$852	371	$107	41.4%	Low
100	Waterloo, Ontario	$717	283	$88	39.7%	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 $451/night, generating $2,944/month at 37.4% 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	$451	319	$2,944	37.4%	Low
2	Whistler, British Columbia	$419	272	$4,903	48.1%	High
3	Whistler Resort Municipality, British Columbia	$388	2,105	$4,293	43.1%	High
4	Stoneham-et-Tewkesbury, Quebec	$378	241	$2,497	30.9%	High
5	Gravenhurst, Ontario	$376	214	$2,954	37.6%	Low
6	Area E (Beaverdell/West Boundary), British Columbia	$358	475	$2,196	37.3%	High
7	Area C (Silver Star), British Columbia	$351	249	$2,176	34.9%	High
8	Prince Edward, Ontario	$334	427	$2,879	43.1%	High
9	Dysart et al, Ontario	$332	208	$3,378	40.4%	Moderate
10	Canmore, Alberta	$329	1,740	$6,074	60.9%	Low
11	Sun Peaks Mountain Resort Municipality, British Columbia	$320	339	$2,551	31.5%	High
12	Petite-Rivière-Saint-François, Quebec	$320	435	$2,779	34.2%	High
13	Tofino, British Columbia	$318	323	$5,340	57.5%	High
14	The Blue Mountains, Ontario	$317	623	$3,253	37.3%	Low
15	Kawartha Lakes, Ontario	$310	497	$2,304	36.6%	Low
16	Huntsville, Ontario	$308	304	$3,192	42.8%	Moderate
17	Area A (Upper Flathead/Elk Valley), British Columbia	$302	235	$3,000	36.8%	High
18	Revelstoke, British Columbia	$300	257	$3,489	46.0%	High
19	Niagara-on-the-Lake, Ontario	$296	433	$3,284	42.6%	High
20	Mont-Tremblant, Quebec	$296	1,050	$3,184	38.1%	High
21	West Vancouver, British Columbia	$291	224	$3,042	47.3%	High
22	Lambton Shores, Ontario	$285	374	$2,291	37.6%	Moderate
23	Lac-Supérieur, Quebec	$279	252	$2,989	39.5%	High
24	Area F (Columbia Lake/Windermere Lake), British Columbia	$277	361	$2,988	42.2%	High
25	La Malbaie, Quebec	$261	201	$2,253	35.8%	High
26	Area A (Kicking Horse/Kinbasket Lake), British Columbia	$261	457	$3,534	51.6%	High
27	Picton, Ontario	$260	212	$2,679	46.3%	High
28	Juan de Fuca Electoral Area, British Columbia	$260	317	$3,292	47.0%	High
29	Fort Erie, Ontario	$259	203	$2,310	42.9%	Moderate
30	West Kelowna, British Columbia	$258	371	$2,582	49.9%	High
31	Port Colborne, Ontario	$256	274	$1,458	38.4%	Low
32	Saint-Côme, Quebec	$253	247	$2,625	37.6%	High
33	Area C (Puntledge/Black Creek), British Columbia	$252	198	$2,671	46.2%	High
34	Squamish, British Columbia	$248	208	$2,970	55.0%	High
35	Municipality of Northern Bruce Peninsula, Ontario	$246	337	$2,235	44.5%	Moderate
36	Ucluelet, British Columbia	$242	358	$3,655	53.1%	High
37	Innisfil, Ontario	$238	330	$1,917	37.7%	Low
38	Wasaga Beach, Ontario	$236	320	$1,221	31.9%	Low
39	Chertsey, Quebec	$233	236	$2,677	40.4%	High
40	Kelowna, British Columbia	$231	594	$1,902	47.1%	High
41	Oro-Medonte, Ontario	$219	210	$1,710	37.2%	Low
42	Vancouver, British Columbia	$216	3,389	$2,697	54.7%	High
43	Penticton, British Columbia	$215	282	$2,062	48.2%	High
44	Salt Spring Island Electoral Area, British Columbia	$198	239	$2,366	50.9%	High
45	District of North Vancouver, British Columbia	$197	446	$2,080	52.9%	High
46	Fernie, British Columbia	$193	252	$2,005	42.6%	High
47	Beaupré, Quebec	$192	246	$1,592	33.5%	High
48	St. Catharines, Ontario	$187	269	$1,938	42.6%	Low
49	Niagara Falls, Ontario	$187	1,062	$1,808	39.3%	Low
50	Charlottetown, Prince Edward Island	$182	308	$1,816	50.9%	High
51	North Vancouver, British Columbia	$173	300	$2,213	56.5%	High
52	Whitehorse, Yukon	$172	247	$1,968	49.7%	Low
53	Burlington, Ontario	$171	208	$1,599	44.5%	Low
54	Quebec, Quebec	$166	1,761	$2,244	49.2%	High
55	Langford, British Columbia	$164	252	$2,076	54.4%	High
56	Saint John's, Newfoundland and Labrador	$164	540	$1,894	53.1%	High
57	Vernon, British Columbia	$163	214	$1,583	49.8%	High
58	Montreal, Quebec	$159	6,244	$1,865	49.1%	High
59	Halifax, Nova Scotia	$154	762	$2,008	53.6%	High
60	Township of Langley, British Columbia	$150	310	$1,691	48.2%	High
61	Toronto, Ontario	$149	9,696	$1,531	46.8%	High
62	Victoria, British Columbia	$148	433	$1,474	48.7%	High
63	Delta, British Columbia	$146	223	$1,517	47.9%	High
64	Kingston, Ontario	$145	288	$1,685	49.5%	High
65	Milton, Ontario	$144	198	$1,164	41.0%	Low
66	Richmond Hill, Ontario	$141	674	$1,215	41.7%	Low
67	Oakville, Ontario	$140	360	$1,271	43.6%	Low
68	Burnaby, British Columbia	$139	464	$1,379	47.8%	High
69	Saanich, British Columbia	$139	356	$1,617	54.4%	High
70	Surrey, British Columbia	$138	789	$1,318	44.8%	High
71	Greater Sudbury, Ontario	$137	265	$1,295	44.5%	Low
72	Barrie, Ontario	$137	293	$1,134	38.3%	Low
73	Calgary, Alberta	$136	3,868	$1,548	47.8%	High
74	Moncton, New Brunswick	$135	337	$1,243	41.5%	Low
75	Hamilton, Ontario	$134	816	$1,174	42.7%	Low
76	Longueuil, Quebec	$134	465	$1,441	47.2%	High
77	Richmond, British Columbia	$132	770	$1,011	40.3%	High
78	Nanaimo, British Columbia	$130	348	$1,498	53.4%	High
79	Laval (administrative region), Quebec	$118	245	$1,315	44.6%	High
80	Kamloops, British Columbia	$116	214	$1,246	53.1%	High
81	Mississauga, Ontario	$113	1,511	$1,044	42.6%	Moderate
82	Ottawa, Ontario	$112	1,665	$1,230	47.7%	High
83	Coquitlam, British Columbia	$111	251	$1,118	45.3%	High
84	Vaughan, Ontario	$110	304	$1,051	43.1%	High
85	Lethbridge, Alberta	$110	210	$1,092	43.1%	Low
86	Brampton, Ontario	$108	734	$861	37.7%	Low
87	Saint John, New Brunswick	$107	207	$1,109	47.5%	Low
88	Markham, Ontario	$107	371	$852	41.4%	Low
89	Ajax, Ontario	$106	202	$960	38.5%	Low
90	Grande Prairie, Alberta	$104	238	$872	41.3%	Low
91	Thunder Bay, Ontario	$104	286	$1,254	50.2%	Low
92	London, Ontario	$103	683	$965	41.4%	Low
93	Windsor, Ontario	$103	492	$861	36.3%	Low
94	Kitchener, Ontario	$103	479	$1,025	43.8%	Low
95	Winnipeg, Manitoba	$100	990	$1,161	47.7%	High
96	Edmonton, Alberta	$100	2,530	$1,072	44.5%	High
97	Waterloo, Ontario	$88	283	$717	39.7%	Low
98	Regina, Saskatchewan	$85	371	$923	46.3%	High
99	Saskatoon, Saskatchewan	$84	550	$1,027	50.0%	Low
100	Gatineau, Quebec	$84	585	$896	45.3%	High

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 60.9% occupancy, $6,074/month revenue, and 1,740 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	60.9%	1,740	$6,074	$329	Low
2	Tofino, British Columbia	57.5%	323	$5,340	$318	High
3	North Vancouver, British Columbia	56.5%	300	$2,213	$173	High
4	Vancouver, British Columbia	54.7%	3,389	$2,697	$216	High
5	Saanich, British Columbia	54.4%	356	$1,617	$139	High
6	Halifax, Nova Scotia	53.6%	762	$2,008	$154	High
7	Nanaimo, British Columbia	53.4%	348	$1,498	$130	High
8	Ucluelet, British Columbia	53.1%	358	$3,655	$242	High
9	Saint John's, Newfoundland and Labrador	53.1%	540	$1,894	$164	High
10	District of North Vancouver, British Columbia	52.9%	446	$2,080	$197	High
11	Area A (Kicking Horse/Kinbasket Lake), British Columbia	51.6%	457	$3,534	$261	High
12	Charlottetown, Prince Edward Island	50.9%	308	$1,816	$182	High
13	Saskatoon, Saskatchewan	50.0%	550	$1,027	$84	Low
14	West Kelowna, British Columbia	49.9%	371	$2,582	$258	High
15	Quebec, Quebec	49.2%	1,761	$2,244	$166	High
16	Montreal, Quebec	49.1%	6,244	$1,865	$159	High
17	Victoria, British Columbia	48.7%	433	$1,474	$148	High
18	Township of Langley, British Columbia	48.2%	310	$1,691	$150	High
19	Burnaby, British Columbia	47.8%	464	$1,379	$139	High
20	Calgary, Alberta	47.8%	3,868	$1,548	$136	High
21	Winnipeg, Manitoba	47.7%	990	$1,161	$100	High
22	Ottawa, Ontario	47.7%	1,665	$1,230	$112	High
23	Longueuil, Quebec	47.2%	465	$1,441	$134	High
24	Kelowna, British Columbia	47.1%	594	$1,902	$231	High
25	Juan de Fuca Electoral Area, British Columbia	47.0%	317	$3,292	$260	High
26	Toronto, Ontario	46.8%	9,696	$1,531	$149	High
27	Regina, Saskatchewan	46.3%	371	$923	$85	High
28	Gatineau, Quebec	45.3%	585	$896	$84	High
29	Surrey, British Columbia	44.8%	789	$1,318	$138	High
30	Edmonton, Alberta	44.5%	2,530	$1,072	$100	High
31	Municipality of Northern Bruce Peninsula, Ontario	44.5%	337	$2,235	$246	Moderate
32	Kitchener, Ontario	43.8%	479	$1,025	$103	Low
33	Oakville, Ontario	43.6%	360	$1,271	$140	Low
34	Vaughan, Ontario	43.1%	304	$1,051	$110	High
35	Whistler Resort Municipality, British Columbia	43.1%	2,105	$4,293	$388	High
36	Prince Edward, Ontario	43.1%	427	$2,879	$334	High
37	Huntsville, Ontario	42.8%	304	$3,192	$308	Moderate
38	Hamilton, Ontario	42.7%	816	$1,174	$134	Low
39	Mississauga, Ontario	42.6%	1,511	$1,044	$113	Moderate
40	Niagara-on-the-Lake, Ontario	42.6%	433	$3,284	$296	High
41	Area F (Columbia Lake/Windermere Lake), British Columbia	42.2%	361	$2,988	$277	High
42	Richmond Hill, Ontario	41.7%	674	$1,215	$141	Low
43	Moncton, New Brunswick	41.5%	337	$1,243	$135	Low
44	London, Ontario	41.4%	683	$965	$103	Low
45	Markham, Ontario	41.4%	371	$852	$107	Low
46	Richmond, British Columbia	40.3%	770	$1,011	$132	High
47	Niagara Falls, Ontario	39.3%	1,062	$1,808	$187	Low
48	Mont-Tremblant, Quebec	38.1%	1,050	$3,184	$296	High
49	Innisfil, Ontario	37.7%	330	$1,917	$238	Low
50	Brampton, Ontario	37.7%	734	$861	$108	Low
51	Lambton Shores, Ontario	37.6%	374	$2,291	$285	Moderate
52	Muskoka Lakes Township, Ontario	37.4%	319	$2,944	$451	Low
53	Area E (Beaverdell/West Boundary), British Columbia	37.3%	475	$2,196	$358	High
54	The Blue Mountains, Ontario	37.3%	623	$3,253	$317	Low
55	Kawartha Lakes, Ontario	36.6%	497	$2,304	$310	Low
56	Windsor, Ontario	36.3%	492	$861	$103	Low
57	Petite-Rivière-Saint-François, Quebec	34.2%	435	$2,779	$320	High
58	Wasaga Beach, Ontario	31.9%	320	$1,221	$236	Low
59	Sun Peaks Mountain Resort Municipality, British Columbia	31.5%	339	$2,551	$320	High

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: 32 have a low regulation profile (generally operator-friendly with minimal licensing requirements), 0 have medium regulation (some permit or registration requirements), and 62 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 9,696 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 $6,074. 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 60.9%. 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 $451 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), Hamilton (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 44.4% occupancy, and the top performer posts $6,074 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 44.4%. 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, 32 of 100 ranked markets have low regulation, 0 have medium, and 62 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 330 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 2026-05-04. 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