The best cities for Airbnb in Canada

Thanks to the many natural attractions, ecotourism is very popular in Canada. Skiing, living in an authentic house by the river, hiking in the mountains, and walking in the forest is part of Canadian culture because there are a lot of resorts here. And therefore, there are many prospects for developing business for short-term rental of real estate. 

Starting an Airbnb business requires careful preparation and analysis of many factors: the target audience, closest competitors, and the specifics of your location. And if you decide to build your business in Canada, you will undoubtedly be interested to know which regions are best suited for developing a lucrative real estate rental business.

More information on this topic can be found here.

Best Airbnb Investment Cities in Canada

Canada provides aspiring entrepreneurs with excellent opportunities to start a short-term rental business. 

The top promising areas for Airbnb businesses are:

Whistler

Whistler is a small town near Vancouver that has become the heart of Canada’s ski tourism. Many tourists come here yearly to ski and snowboard, ski jump, and walk on snowshoes. Although the primary tourist season in Whistler is in the winter, tourists are attracted by the scenic nature in the summer so the short-term rental business will flourish here all year round.

Three million tourists come here, so you will not lack customers. There is really fantastic nature here, so panoramic windows overlooking the mountains will become your trump card in the fight against competitors.

• Average Daily Rate (ADR): $344
• Occupancy Rate (OR): 63%
• Revenue: $4,608
• Active Rentals: 2,954

Most often, tourists in Whistler rent 1-room and 2-room apartments. It is a standard solution because many people go on vacation in couples or families. Slightly less popular are studios and 3-room suites. Clients here choose from budget condominiums to luxurious private chalets with jacuzzis and pools. Therefore, you can select the appropriate format and start.

Canmore

Canmore is a picturesque town surrounded by mountains. It is located southeast of Alberta and has a mild warm climate. The nearby Banff National Park attracts many tourists, making Canmore an ideal place to develop your Airbnb business. Also, this city is popular among golf fans: there are several large golf clubs here, where national and even international-level tournaments are constantly held.

• Average Daily Rate (ADR): $284
• Occupancy Rate (OR): 74%
• Revenue: $4,788
• Active Rentals: 2,954

In this region, apartments with 1 or 2 bedrooms are also most in demand. Other categories of housing are much less prevalent. As for the budget, there are many options: Airbnb hosts in Canmore often host clients in both budget accommodation and high-end cottages. Rooms with a balcony or terrace are trendy.

Tofino

The magical combination of mountain and sea landscape, mild climate, and fantastic flora and fauna make Tofino the center of ecotourism. Here you can take a break from urbanism and feel a closeness to nature, peace, and inner harmony. For entrepreneurs, Tofino is a great place to start an Airbnb business. 

Unusual Canadian activities such as surfing and whale watching are popular here. If you want to develop a thriving rental business here, focus on comfort and authenticity.

• ADR: $375
• OR: 87%
• Revenue: $7,500
• Active Rentals: 370

Here, rooms with 1, 2 and 3 bedrooms are in demand, because a leisurely, measured rest in the bosom of nature attracts large families and groups of friends.

Banff

Banff is a stunning mountain location in Alberta. This is a very well-groomed town in the middle of a national park. Due to its beauty and unique atmosphere, it attracts tourists all year round. Cozy chateau-style houses and markets, picturesque mountains, and lakes attract ecotourists from all over Canada, and in winter, fans of ski resorts come here.

Banff is considered quite an expensive and highly sought-after resort, making it an excellent option for starting a property vacation rental business.

• ADR: $358
• OR: 59%
• Revenue: $5,057
• Active Rentals: 138

Tourists rent both hotel rooms and individual houses. The most popular 1-room apartments. There are not many real estate options, so here you will have fewer competitors. But most property owners (about 70%) work with the Airbnb platform. So, you need to consider your ad’s attractiveness on the site.

Kelowna

Kelowna is one of the most prominent tourist destinations in Canada. Lake Okanagan amazes many ecotourists with its beauty. In addition, the city is one of the largest centers of horticulture and winemaking.

Airbnb real estate in Kelowna is an excellent investment in a successful business. Wine tours in Kelowna are an art form in their own right. After all, what could be better than drinking a glass of wine while looking at the mountains and the lake? In winter, entertainment for connoisseurs of winter sports is popular: nearby is the ski resort of Bean White. More than 700,000 snowboarders and skiers visit it every year.

• ADR: $296
• OR: 73%
• Revenue: $4,104
• Active Rentals: 2,056

Double rooms are the undisputed top rentals in Kelowna, so consider that. In addition, hotels with a pool and a hot tube are pretty popular. Kelowna is a paradise for romantic travel, so a hotel with a romantic, authentic setting will be in demand.

Canada is a truly fantastic place for tourists who appreciate scenic spots, beautiful nature, and outdoor activities. There are many places where you can build your profitable Airbnb business that will bring you a stable income and amazing experiences. 

It is only necessary to prepare carefully:

• Choose the most common location.
• Analyze potential customers.
• Find your own unique features.
• Organize all routine processes, up to the buying of consumables.

And then your business will take off! Good luck!