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

Source: AirROI Reviewed by Jun Zhou , Founder @ AirROI

Updated: 2026-08-08

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 11,000 active listings and $1,467/month revenue. Across all ranked markets, average occupancy is 41.1% with $1,823/month in average revenue and $209/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 11,000 active short-term rental listings and $1,467/month in average revenue.

#	Market	Active Listings (TTM)	Revenue/mo	ADR	Occupancy	Regulation
1	Toronto, Ontario	11,000	$1,467	$165	43.6%	High
2	Montreal, Quebec	6,870	$1,712	$165	45.9%	High
3	Calgary, Alberta	4,719	$1,261	$139	42.5%	High
4	Vancouver, British Columbia	3,824	$2,729	$260	49.4%	High
5	Edmonton, Alberta	3,138	$885	$102	39.6%	High
6	Whistler Resort Municipality, British Columbia	2,122	$4,277	$406	42.3%	High
7	Canmore, Alberta	1,894	$5,363	$339	55.9%	Low
8	Ottawa, Ontario	1,801	$1,106	$116	45.2%	High
9	Quebec, Quebec	1,787	$2,066	$173	46.4%	High
10	Mississauga, Ontario	1,682	$957	$128	40.3%	Moderate
11	Winnipeg, Manitoba	1,276	$952	$97	42.3%	High
12	Niagara Falls, Ontario	1,189	$1,535	$190	35.6%	Low
13	Mont-Tremblant, Quebec	1,169	$2,928	$298	36.6%	High
14	Brampton, Ontario	900	$790	$119	36.4%	Low
15	Hamilton, Ontario	878	$1,060	$138	40.3%	Low
16	Halifax, Nova Scotia	864	$1,831	$156	51.1%	High
17	Richmond Hill, Ontario	834	$1,086	$148	38.2%	Low
18	London, Ontario	811	$858	$105	39.8%	Low
19	Richmond, British Columbia	809	$1,013	$146	37.7%	High
20	Surrey, British Columbia	733	$1,434	$170	40.7%	High
21	Kelowna, British Columbia	730	$1,710	$235	43.1%	High
22	Saskatoon, Saskatchewan	691	$876	$85	44.6%	Low
23	The Blue Mountains, Ontario	655	$3,014	$329	35.5%	Low
24	Gatineau, Quebec	637	$829	$86	44.0%	High
25	Windsor, Ontario	585	$750	$106	35.4%	Low
26	Kitchener, Ontario	573	$893	$107	41.2%	Low
27	Victoria, British Columbia	555	$1,563	$166	47.0%	High
28	Saint John's, Newfoundland and Labrador	536	$1,715	$172	48.3%	High
29	Longueuil, Quebec	533	$1,270	$137	43.4%	High
30	Burnaby, British Columbia	520	$1,340	$161	43.2%	High
31	Kawartha Lakes, Ontario	509	$2,015	$318	33.5%	Low
32	Markham, Ontario	502	$728	$112	38.8%	Low
33	Regina, Saskatchewan	480	$784	$85	43.8%	High
34	Prince Edward, Ontario	474	$2,427	$336	38.1%	High
35	Petite-Rivière-Saint-François, Quebec	468	$2,604	$329	33.2%	High
36	Area E (Beaverdell/West Boundary), British Columbia	459	$2,233	$372	38.9%	High
37	Area A (Kicking Horse/Kinbasket Lake), British Columbia	458	$3,053	$270	45.8%	High
38	Niagara-on-the-Lake, Ontario	456	$3,008	$301	40.0%	High
39	West Kelowna, British Columbia	430	$2,192	$263	43.5%	High
40	District of North Vancouver, British Columbia	426	$2,146	$225	48.2%	High
41	Whistler, British Columbia	424	$4,622	$459	47.8%	High
42	Moncton, New Brunswick	416	$1,070	$135	37.8%	Low
43	Oakville, Ontario	405	$1,221	$146	43.2%	Low
44	Nanaimo, British Columbia	400	$1,344	$135	49.3%	High
45	Ucluelet, British Columbia	390	$3,226	$250	48.1%	High
46	North Vancouver, British Columbia	383	$2,306	$200	51.0%	High
47	Lambton Shores, Ontario	374	$2,010	$295	33.4%	Moderate
48	Area F (Columbia Lake/Windermere Lake), British Columbia	363	$2,657	$287	38.3%	High
49	Innisfil, Ontario	352	$1,640	$241	34.3%	Low
50	Tofino, British Columbia	345	$4,985	$337	53.9%	High
51	Greater Sudbury, Ontario	342	$1,063	$139	41.5%	Low
52	Barrie, Ontario	340	$1,014	$145	36.1%	Low
53	Huntsville, Ontario	340	$2,733	$317	38.6%	Moderate
54	Vaughan, Ontario	338	$967	$123	41.2%	High
55	Municipality of Northern Bruce Peninsula, Ontario	336	$1,960	$258	39.7%	Moderate
56	Charlottetown, Prince Edward Island	333	$1,466	$189	44.1%	High
57	Sun Peaks Mountain Resort Municipality, British Columbia	332	$2,564	$332	33.4%	High
58	Wasaga Beach, Ontario	329	$981	$237	28.9%	Low
59	Kingston, Ontario	320	$1,506	$151	45.6%	High
60	Thunder Bay, Ontario	320	$1,162	$112	46.9%	Low
61	St. Catharines, Ontario	315	$1,716	$182	39.4%	Low
62	Muskoka Lakes Township, Ontario	313	$2,424	$460	33.7%	Low
63	Juan de Fuca Electoral Area, British Columbia	305	$3,216	$274	44.8%	High
64	Saanich, British Columbia	303	$1,684	$148	50.3%	High
65	Revelstoke, British Columbia	301	$3,300	$332	45.2%	High
66	St. John's, Newfoundland and Labrador	301	$1,165	$148	45.4%	Moderate
67	Penticton, British Columbia	300	$1,870	$228	43.2%	High
68	Waterloo, Ontario	294	$672	$93	37.3%	Low
69	Port Colborne, Ontario	284	$1,205	$263	34.0%	Low
70	Fernie, British Columbia	280	$1,855	$202	40.1%	High
71	Langford, British Columbia	278	$1,946	$172	49.5%	High
72	Township of Langley, British Columbia	275	$1,738	$168	44.8%	High
73	Coquitlam, British Columbia	273	$1,174	$128	42.8%	High
74	Grande Prairie, Alberta	267	$827	$108	40.8%	Low
75	Delta, British Columbia	266	$1,395	$164	41.2%	High
76	Thorold, Ontario	261	$1,521	$172	38.7%	Low
77	Chertsey, Quebec	260	$2,348	$238	37.0%	High
78	Lethbridge, Alberta	256	$952	$116	41.0%	Low
79	Ajax, Ontario	255	$820	$114	34.8%	Low
80	Beaupré, Quebec	255	$1,494	$198	33.0%	High
81	Stoneham-et-Tewkesbury, Quebec	254	$2,278	$394	30.1%	High
82	Lac-Supérieur, Quebec	253	$2,693	$287	36.2%	High
83	Milton, Ontario	251	$994	$141	38.9%	Low
84	Area C (Silver Star), British Columbia	250	$2,194	$358	36.7%	High
85	Salt Spring Island Electoral Area, British Columbia	249	$2,225	$203	47.6%	High
86	Gravenhurst, Ontario	249	$2,613	$385	33.6%	Low
87	Pickering, Ontario	249	$1,124	$139	39.4%	Low
88	Whitehorse, Yukon	245	$1,813	$179	46.1%	Low
89	Laval (administrative region), Quebec	244	$1,224	$125	41.8%	High
90	Saint-Côme, Quebec	244	$2,415	$263	34.5%	High
91	West Vancouver, British Columbia	236	$3,153	$335	44.2%	High
92	Oshawa, Ontario	235	$707	$121	35.1%	Low
93	Vernon, British Columbia	234	$1,472	$175	46.0%	High
94	Area A (Upper Flathead/Elk Valley), British Columbia	233	$2,878	$306	36.4%	High
95	Whitby, Ontario	230	$996	$132	38.9%	Low
96	Saint John, New Brunswick	228	$983	$110	44.7%	Low
97	Burlington, Ontario	223	$1,385	$179	43.2%	Low
98	Fort Erie, Ontario	221	$1,920	$263	38.5%	Moderate
99	La Malbaie, Quebec	220	$1,972	$258	33.2%	High
100	Dysart et al, Ontario	219	$2,981	$353	36.8%	Moderate

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 $5,363/month at $339 ADR and 55.9% 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	$5,363	1,894	$339	55.9%	Low
2	Tofino, British Columbia	$4,985	345	$337	53.9%	High
3	Whistler, British Columbia	$4,622	424	$459	47.8%	High
4	Whistler Resort Municipality, British Columbia	$4,277	2,122	$406	42.3%	High
5	Revelstoke, British Columbia	$3,300	301	$332	45.2%	High
6	Ucluelet, British Columbia	$3,226	390	$250	48.1%	High
7	Juan de Fuca Electoral Area, British Columbia	$3,216	305	$274	44.8%	High
8	West Vancouver, British Columbia	$3,153	236	$335	44.2%	High
9	Area A (Kicking Horse/Kinbasket Lake), British Columbia	$3,053	458	$270	45.8%	High
10	The Blue Mountains, Ontario	$3,014	655	$329	35.5%	Low
11	Niagara-on-the-Lake, Ontario	$3,008	456	$301	40.0%	High
12	Dysart et al, Ontario	$2,981	219	$353	36.8%	Moderate
13	Mont-Tremblant, Quebec	$2,928	1,169	$298	36.6%	High
14	Area A (Upper Flathead/Elk Valley), British Columbia	$2,878	233	$306	36.4%	High
15	Huntsville, Ontario	$2,733	340	$317	38.6%	Moderate
16	Vancouver, British Columbia	$2,729	3,824	$260	49.4%	High
17	Lac-Supérieur, Quebec	$2,693	253	$287	36.2%	High
18	Area F (Columbia Lake/Windermere Lake), British Columbia	$2,657	363	$287	38.3%	High
19	Gravenhurst, Ontario	$2,613	249	$385	33.6%	Low
20	Petite-Rivière-Saint-François, Quebec	$2,604	468	$329	33.2%	High
21	Sun Peaks Mountain Resort Municipality, British Columbia	$2,564	332	$332	33.4%	High
22	Prince Edward, Ontario	$2,427	474	$336	38.1%	High
23	Muskoka Lakes Township, Ontario	$2,424	313	$460	33.7%	Low
24	Saint-Côme, Quebec	$2,415	244	$263	34.5%	High
25	Chertsey, Quebec	$2,348	260	$238	37.0%	High
26	North Vancouver, British Columbia	$2,306	383	$200	51.0%	High
27	Stoneham-et-Tewkesbury, Quebec	$2,278	254	$394	30.1%	High
28	Area E (Beaverdell/West Boundary), British Columbia	$2,233	459	$372	38.9%	High
29	Salt Spring Island Electoral Area, British Columbia	$2,225	249	$203	47.6%	High
30	Area C (Silver Star), British Columbia	$2,194	250	$358	36.7%	High
31	West Kelowna, British Columbia	$2,192	430	$263	43.5%	High
32	District of North Vancouver, British Columbia	$2,146	426	$225	48.2%	High
33	Quebec, Quebec	$2,066	1,787	$173	46.4%	High
34	Kawartha Lakes, Ontario	$2,015	509	$318	33.5%	Low
35	Lambton Shores, Ontario	$2,010	374	$295	33.4%	Moderate
36	La Malbaie, Quebec	$1,972	220	$258	33.2%	High
37	Municipality of Northern Bruce Peninsula, Ontario	$1,960	336	$258	39.7%	Moderate
38	Langford, British Columbia	$1,946	278	$172	49.5%	High
39	Fort Erie, Ontario	$1,920	221	$263	38.5%	Moderate
40	Penticton, British Columbia	$1,870	300	$228	43.2%	High
41	Fernie, British Columbia	$1,855	280	$202	40.1%	High
42	Halifax, Nova Scotia	$1,831	864	$156	51.1%	High
43	Whitehorse, Yukon	$1,813	245	$179	46.1%	Low
44	Township of Langley, British Columbia	$1,738	275	$168	44.8%	High
45	St. Catharines, Ontario	$1,716	315	$182	39.4%	Low
46	Saint John's, Newfoundland and Labrador	$1,715	536	$172	48.3%	High
47	Montreal, Quebec	$1,712	6,870	$165	45.9%	High
48	Kelowna, British Columbia	$1,710	730	$235	43.1%	High
49	Saanich, British Columbia	$1,684	303	$148	50.3%	High
50	Innisfil, Ontario	$1,640	352	$241	34.3%	Low
51	Victoria, British Columbia	$1,563	555	$166	47.0%	High
52	Niagara Falls, Ontario	$1,535	1,189	$190	35.6%	Low
53	Thorold, Ontario	$1,521	261	$172	38.7%	Low
54	Kingston, Ontario	$1,506	320	$151	45.6%	High
55	Beaupré, Quebec	$1,494	255	$198	33.0%	High
56	Vernon, British Columbia	$1,472	234	$175	46.0%	High
57	Toronto, Ontario	$1,467	11,000	$165	43.6%	High
58	Charlottetown, Prince Edward Island	$1,466	333	$189	44.1%	High
59	Surrey, British Columbia	$1,434	733	$170	40.7%	High
60	Delta, British Columbia	$1,395	266	$164	41.2%	High
61	Burlington, Ontario	$1,385	223	$179	43.2%	Low
62	Nanaimo, British Columbia	$1,344	400	$135	49.3%	High
63	Burnaby, British Columbia	$1,340	520	$161	43.2%	High
64	Longueuil, Quebec	$1,270	533	$137	43.4%	High
65	Calgary, Alberta	$1,261	4,719	$139	42.5%	High
66	Laval (administrative region), Quebec	$1,224	244	$125	41.8%	High
67	Oakville, Ontario	$1,221	405	$146	43.2%	Low
68	Port Colborne, Ontario	$1,205	284	$263	34.0%	Low
69	Coquitlam, British Columbia	$1,174	273	$128	42.8%	High
70	St. John's, Newfoundland and Labrador	$1,165	301	$148	45.4%	Moderate
71	Thunder Bay, Ontario	$1,162	320	$112	46.9%	Low
72	Pickering, Ontario	$1,124	249	$139	39.4%	Low
73	Ottawa, Ontario	$1,106	1,801	$116	45.2%	High
74	Richmond Hill, Ontario	$1,086	834	$148	38.2%	Low
75	Moncton, New Brunswick	$1,070	416	$135	37.8%	Low
76	Greater Sudbury, Ontario	$1,063	342	$139	41.5%	Low
77	Hamilton, Ontario	$1,060	878	$138	40.3%	Low
78	Barrie, Ontario	$1,014	340	$145	36.1%	Low
79	Richmond, British Columbia	$1,013	809	$146	37.7%	High
80	Whitby, Ontario	$996	230	$132	38.9%	Low
81	Milton, Ontario	$994	251	$141	38.9%	Low
82	Saint John, New Brunswick	$983	228	$110	44.7%	Low
83	Wasaga Beach, Ontario	$981	329	$237	28.9%	Low
84	Vaughan, Ontario	$967	338	$123	41.2%	High
85	Mississauga, Ontario	$957	1,682	$128	40.3%	Moderate
86	Lethbridge, Alberta	$952	256	$116	41.0%	Low
87	Winnipeg, Manitoba	$952	1,276	$97	42.3%	High
88	Kitchener, Ontario	$893	573	$107	41.2%	Low
89	Edmonton, Alberta	$885	3,138	$102	39.6%	High
90	Saskatoon, Saskatchewan	$876	691	$85	44.6%	Low
91	London, Ontario	$858	811	$105	39.8%	Low
92	Gatineau, Quebec	$829	637	$86	44.0%	High
93	Grande Prairie, Alberta	$827	267	$108	40.8%	Low
94	Ajax, Ontario	$820	255	$114	34.8%	Low
95	Brampton, Ontario	$790	900	$119	36.4%	Low
96	Regina, Saskatchewan	$784	480	$85	43.8%	High
97	Windsor, Ontario	$750	585	$106	35.4%	Low
98	Markham, Ontario	$728	502	$112	38.8%	Low
99	Oshawa, Ontario	$707	235	$121	35.1%	Low
100	Waterloo, Ontario	$672	294	$93	37.3%	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 $2,424/month at 33.7% 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	313	$2,424	33.7%	Low
2	Whistler, British Columbia	$459	424	$4,622	47.8%	High
3	Whistler Resort Municipality, British Columbia	$406	2,122	$4,277	42.3%	High
4	Stoneham-et-Tewkesbury, Quebec	$394	254	$2,278	30.1%	High
5	Gravenhurst, Ontario	$385	249	$2,613	33.6%	Low
6	Area E (Beaverdell/West Boundary), British Columbia	$372	459	$2,233	38.9%	High
7	Area C (Silver Star), British Columbia	$358	250	$2,194	36.7%	High
8	Dysart et al, Ontario	$353	219	$2,981	36.8%	Moderate
9	Canmore, Alberta	$339	1,894	$5,363	55.9%	Low
10	Tofino, British Columbia	$337	345	$4,985	53.9%	High
11	Prince Edward, Ontario	$336	474	$2,427	38.1%	High
12	West Vancouver, British Columbia	$335	236	$3,153	44.2%	High
13	Sun Peaks Mountain Resort Municipality, British Columbia	$332	332	$2,564	33.4%	High
14	Revelstoke, British Columbia	$332	301	$3,300	45.2%	High
15	Petite-Rivière-Saint-François, Quebec	$329	468	$2,604	33.2%	High
16	The Blue Mountains, Ontario	$329	655	$3,014	35.5%	Low
17	Kawartha Lakes, Ontario	$318	509	$2,015	33.5%	Low
18	Huntsville, Ontario	$317	340	$2,733	38.6%	Moderate
19	Area A (Upper Flathead/Elk Valley), British Columbia	$306	233	$2,878	36.4%	High
20	Niagara-on-the-Lake, Ontario	$301	456	$3,008	40.0%	High
21	Mont-Tremblant, Quebec	$298	1,169	$2,928	36.6%	High
22	Lambton Shores, Ontario	$295	374	$2,010	33.4%	Moderate
23	Area F (Columbia Lake/Windermere Lake), British Columbia	$287	363	$2,657	38.3%	High
24	Lac-Supérieur, Quebec	$287	253	$2,693	36.2%	High
25	Juan de Fuca Electoral Area, British Columbia	$274	305	$3,216	44.8%	High
26	Area A (Kicking Horse/Kinbasket Lake), British Columbia	$270	458	$3,053	45.8%	High
27	West Kelowna, British Columbia	$263	430	$2,192	43.5%	High
28	Fort Erie, Ontario	$263	221	$1,920	38.5%	Moderate
29	Saint-Côme, Quebec	$263	244	$2,415	34.5%	High
30	Port Colborne, Ontario	$263	284	$1,205	34.0%	Low
31	Vancouver, British Columbia	$260	3,824	$2,729	49.4%	High
32	La Malbaie, Quebec	$258	220	$1,972	33.2%	High
33	Municipality of Northern Bruce Peninsula, Ontario	$258	336	$1,960	39.7%	Moderate
34	Ucluelet, British Columbia	$250	390	$3,226	48.1%	High
35	Innisfil, Ontario	$241	352	$1,640	34.3%	Low
36	Chertsey, Quebec	$238	260	$2,348	37.0%	High
37	Wasaga Beach, Ontario	$237	329	$981	28.9%	Low
38	Kelowna, British Columbia	$235	730	$1,710	43.1%	High
39	Penticton, British Columbia	$228	300	$1,870	43.2%	High
40	District of North Vancouver, British Columbia	$225	426	$2,146	48.2%	High
41	Salt Spring Island Electoral Area, British Columbia	$203	249	$2,225	47.6%	High
42	Fernie, British Columbia	$202	280	$1,855	40.1%	High
43	North Vancouver, British Columbia	$200	383	$2,306	51.0%	High
44	Beaupré, Quebec	$198	255	$1,494	33.0%	High
45	Niagara Falls, Ontario	$190	1,189	$1,535	35.6%	Low
46	Charlottetown, Prince Edward Island	$189	333	$1,466	44.1%	High
47	St. Catharines, Ontario	$182	315	$1,716	39.4%	Low
48	Burlington, Ontario	$179	223	$1,385	43.2%	Low
49	Whitehorse, Yukon	$179	245	$1,813	46.1%	Low
50	Vernon, British Columbia	$175	234	$1,472	46.0%	High
51	Quebec, Quebec	$173	1,787	$2,066	46.4%	High
52	Langford, British Columbia	$172	278	$1,946	49.5%	High
53	Thorold, Ontario	$172	261	$1,521	38.7%	Low
54	Saint John's, Newfoundland and Labrador	$172	536	$1,715	48.3%	High
55	Surrey, British Columbia	$170	733	$1,434	40.7%	High
56	Township of Langley, British Columbia	$168	275	$1,738	44.8%	High
57	Victoria, British Columbia	$166	555	$1,563	47.0%	High
58	Toronto, Ontario	$165	11,000	$1,467	43.6%	High
59	Montreal, Quebec	$165	6,870	$1,712	45.9%	High
60	Delta, British Columbia	$164	266	$1,395	41.2%	High
61	Burnaby, British Columbia	$161	520	$1,340	43.2%	High
62	Halifax, Nova Scotia	$156	864	$1,831	51.1%	High
63	Kingston, Ontario	$151	320	$1,506	45.6%	High
64	St. John's, Newfoundland and Labrador	$148	301	$1,165	45.4%	Moderate
65	Saanich, British Columbia	$148	303	$1,684	50.3%	High
66	Richmond Hill, Ontario	$148	834	$1,086	38.2%	Low
67	Oakville, Ontario	$146	405	$1,221	43.2%	Low
68	Richmond, British Columbia	$146	809	$1,013	37.7%	High
69	Barrie, Ontario	$145	340	$1,014	36.1%	Low
70	Milton, Ontario	$141	251	$994	38.9%	Low
71	Pickering, Ontario	$139	249	$1,124	39.4%	Low
72	Calgary, Alberta	$139	4,719	$1,261	42.5%	High
73	Greater Sudbury, Ontario	$139	342	$1,063	41.5%	Low
74	Hamilton, Ontario	$138	878	$1,060	40.3%	Low
75	Longueuil, Quebec	$137	533	$1,270	43.4%	High
76	Nanaimo, British Columbia	$135	400	$1,344	49.3%	High
77	Moncton, New Brunswick	$135	416	$1,070	37.8%	Low
78	Whitby, Ontario	$132	230	$996	38.9%	Low
79	Mississauga, Ontario	$128	1,682	$957	40.3%	Moderate
80	Coquitlam, British Columbia	$128	273	$1,174	42.8%	High
81	Laval (administrative region), Quebec	$125	244	$1,224	41.8%	High
82	Vaughan, Ontario	$123	338	$967	41.2%	High
83	Oshawa, Ontario	$121	235	$707	35.1%	Low
84	Brampton, Ontario	$119	900	$790	36.4%	Low
85	Lethbridge, Alberta	$116	256	$952	41.0%	Low
86	Ottawa, Ontario	$116	1,801	$1,106	45.2%	High
87	Ajax, Ontario	$114	255	$820	34.8%	Low
88	Thunder Bay, Ontario	$112	320	$1,162	46.9%	Low
89	Markham, Ontario	$112	502	$728	38.8%	Low
90	Saint John, New Brunswick	$110	228	$983	44.7%	Low
91	Grande Prairie, Alberta	$108	267	$827	40.8%	Low
92	Kitchener, Ontario	$107	573	$893	41.2%	Low
93	Windsor, Ontario	$106	585	$750	35.4%	Low
94	London, Ontario	$105	811	$858	39.8%	Low
95	Edmonton, Alberta	$102	3,138	$885	39.6%	High
96	Winnipeg, Manitoba	$97	1,276	$952	42.3%	High
97	Waterloo, Ontario	$93	294	$672	37.3%	Low
98	Gatineau, Quebec	$86	637	$829	44.0%	High
99	Saskatoon, Saskatchewan	$85	691	$876	44.6%	Low
100	Regina, Saskatchewan	$85	480	$784	43.8%	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 55.9% occupancy, $5,363/month revenue, and 1,894 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	55.9%	1,894	$5,363	$339	Low
2	Tofino, British Columbia	53.9%	345	$4,985	$337	High
3	Halifax, Nova Scotia	51.1%	864	$1,831	$156	High
4	North Vancouver, British Columbia	51.0%	383	$2,306	$200	High
5	Saanich, British Columbia	50.3%	303	$1,684	$148	High
6	Vancouver, British Columbia	49.4%	3,824	$2,729	$260	High
7	Nanaimo, British Columbia	49.3%	400	$1,344	$135	High
8	Saint John's, Newfoundland and Labrador	48.3%	536	$1,715	$172	High
9	District of North Vancouver, British Columbia	48.2%	426	$2,146	$225	High
10	Ucluelet, British Columbia	48.1%	390	$3,226	$250	High
11	Whistler, British Columbia	47.8%	424	$4,622	$459	High
12	Victoria, British Columbia	47.0%	555	$1,563	$166	High
13	Thunder Bay, Ontario	46.9%	320	$1,162	$112	Low
14	Quebec, Quebec	46.4%	1,787	$2,066	$173	High
15	Montreal, Quebec	45.9%	6,870	$1,712	$165	High
16	Area A (Kicking Horse/Kinbasket Lake), British Columbia	45.8%	458	$3,053	$270	High
17	Kingston, Ontario	45.6%	320	$1,506	$151	High
18	St. John's, Newfoundland and Labrador	45.4%	301	$1,165	$148	Moderate
19	Revelstoke, British Columbia	45.2%	301	$3,300	$332	High
20	Ottawa, Ontario	45.2%	1,801	$1,106	$116	High
21	Juan de Fuca Electoral Area, British Columbia	44.8%	305	$3,216	$274	High
22	Saskatoon, Saskatchewan	44.6%	691	$876	$85	Low
23	Charlottetown, Prince Edward Island	44.1%	333	$1,466	$189	High
24	Gatineau, Quebec	44.0%	637	$829	$86	High
25	Regina, Saskatchewan	43.8%	480	$784	$85	High
26	Toronto, Ontario	43.6%	11,000	$1,467	$165	High
27	West Kelowna, British Columbia	43.5%	430	$2,192	$263	High
28	Longueuil, Quebec	43.4%	533	$1,270	$137	High
29	Burnaby, British Columbia	43.2%	520	$1,340	$161	High
30	Penticton, British Columbia	43.2%	300	$1,870	$228	High
31	Oakville, Ontario	43.2%	405	$1,221	$146	Low
32	Kelowna, British Columbia	43.1%	730	$1,710	$235	High
33	Calgary, Alberta	42.5%	4,719	$1,261	$139	High
34	Whistler Resort Municipality, British Columbia	42.3%	2,122	$4,277	$406	High
35	Winnipeg, Manitoba	42.3%	1,276	$952	$97	High
36	Greater Sudbury, Ontario	41.5%	342	$1,063	$139	Low
37	Kitchener, Ontario	41.2%	573	$893	$107	Low
38	Vaughan, Ontario	41.2%	338	$967	$123	High
39	Surrey, British Columbia	40.7%	733	$1,434	$170	High
40	Mississauga, Ontario	40.3%	1,682	$957	$128	Moderate
41	Hamilton, Ontario	40.3%	878	$1,060	$138	Low
42	Niagara-on-the-Lake, Ontario	40.0%	456	$3,008	$301	High
43	London, Ontario	39.8%	811	$858	$105	Low
44	Municipality of Northern Bruce Peninsula, Ontario	39.7%	336	$1,960	$258	Moderate
45	Edmonton, Alberta	39.6%	3,138	$885	$102	High
46	St. Catharines, Ontario	39.4%	315	$1,716	$182	Low
47	Area E (Beaverdell/West Boundary), British Columbia	38.9%	459	$2,233	$372	High
48	Markham, Ontario	38.8%	502	$728	$112	Low
49	Huntsville, Ontario	38.6%	340	$2,733	$317	Moderate
50	Area F (Columbia Lake/Windermere Lake), British Columbia	38.3%	363	$2,657	$287	High
51	Richmond Hill, Ontario	38.2%	834	$1,086	$148	Low
52	Prince Edward, Ontario	38.1%	474	$2,427	$336	High
53	Moncton, New Brunswick	37.8%	416	$1,070	$135	Low
54	Richmond, British Columbia	37.7%	809	$1,013	$146	High
55	Mont-Tremblant, Quebec	36.6%	1,169	$2,928	$298	High
56	Brampton, Ontario	36.4%	900	$790	$119	Low
57	Barrie, Ontario	36.1%	340	$1,014	$145	Low
58	Niagara Falls, Ontario	35.6%	1,189	$1,535	$190	Low
59	The Blue Mountains, Ontario	35.5%	655	$3,014	$329	Low
60	Windsor, Ontario	35.4%	585	$750	$106	Low
61	Innisfil, Ontario	34.3%	352	$1,640	$241	Low
62	Muskoka Lakes Township, Ontario	33.7%	313	$2,424	$460	Low
63	Kawartha Lakes, Ontario	33.5%	509	$2,015	$318	Low
64	Lambton Shores, Ontario	33.4%	374	$2,010	$295	Moderate
65	Sun Peaks Mountain Resort Municipality, British Columbia	33.4%	332	$2,564	$332	High
66	Petite-Rivière-Saint-François, Quebec	33.2%	468	$2,604	$329	High
67	Wasaga Beach, Ontario	28.9%	329	$981	$237	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 11,000 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 $5,363. 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 55.9%. 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 $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 41.1% occupancy, and the top performer posts $5,363 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 41.1%. 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 345 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 2026-08-08. 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