Top 6 Airbnb Markets in Canada

What are the best vacation rental and Airbnb destinations in Canada? Lifty Life has complied the ultimate Canadian Vacation Rentals list for you and provided the data to back it up!

We have chosen to exclude major Canadian cities such as Vancouver, Toronto, and Montreal. This way we can feature some lesser known cities throughout the nation.

Whistler, British Colombia

Airbnb property management services in Whistler

Whistler is situated amongst the Coastal Mountain Range, two hours north of Vancouver, British Columbia. Whistler after the 2010 Olympics has surged in popularity and developed into a true 4 season resort. Whistler hosts some the most prestigious sporting events and activities in all of Canada such as The World Ski and Snowboard Festival, Crankworx, and Iron Man. There is hardly ever a weekend without a major event which almost ensures you’ll be full every weekend throughout the year.

Whistler Tourism Stats

  • Annual Visitor Count: 3,000,000+

  • Accommodations Providers: 150+

  • Annual GDP: $1.3 billion

Whistler Airbnb By The Numbers

  • Active Vacation Rentals: 3310

  • Annual Occupancy of Market: 62%

  • Average Daily Rate (ADR): $366

  • Annual Revenue Growth: 6%

  • Annual Occupancy Growth: 7%

Property Type Estimated Annual Revenue
Studio $37,000 - $46,000
One Bedroom $44,000 - $51,000
Two Bedroom $62,000 - $73,000
Three Bedroom $74,000 - $96,000

Canmore, Alberta

airbnb in canmore

Canmore is easily one of the top Airbnb markets in Canada. The downtown core of Canmore is one hour west of Calgary, beautifully surrounded by the Rocky Mountains. Canmore is an amazing but underrated vacation rental community. Most people are aware of its more famous neighbour, Banff. What makes Canmore a great market and Banff not is the government regulation. Vacation rentals in Banff are illegal unlike in Canmore. This creates a huge opportunity for Canmore to tap into the huge demand for accommodation in Banff. Although don’t be mistaken Canmore is a major vacation destination itself.

Canmore Tourism Stats

  • Annual Visitor Count: 2,000,000+

  • Accommodations Providers: 50+

  • Annual GDP: $400 million

Canmore Airbnb By The Numbers

  • Active Vacation Rentals: 1,226

  • Annual Occupancy of Market: 60%

  • Average Daily Rate (ADR): $277

  • Annual Revenue Growth: 11%

  • Annual Occupancy Growth: 17%

Property Type Estimated Annual Revenue
Studio $37,000 - $46,000
One Bedroom $44,000 - $51,000
Two Bedroom $62,000 - $73,000
Three Bedroom $74,000 - $96,000

Tofino, British Colombia

tofino tourism

Tofino is on the Western Coast of Vancouver Island, British Columbia and known as a pristine and quaint surf town. Amongst this list Tofino stands out for really punching above its weight against Canada’s top vacation destinations. The low supply of rentals and unmatched guest experiences are how it can compete on the national scale. With only 369 rentals it has less than half the active rentals of any other town on this list which is how it can maintain such strong occupancy and ADR.

Tofino Tourism Stats

  • Annual Visitor Count: 600,000+

  • Accommodations Providers: 25+

  • Annual GDP: $240 million

Tofino Airbnb By The Numbers

  • Active Vacation Rentals: 369

  • Annual Occupancy of Market: 70%

  • Average Daily Rate (ADR): $285

  • Annual Revenue Growth: 5%

  • Annual Occupancy Growth: 19%

Property Type Estimated Annual Revenue
Studio $31,000 - $35,000
One Bedroom $41,000 - $47,000
Two Bedroom $42,000 - $48,000
Three Bedroom $51,000 - $79,000

Niagara Falls, Ontario

niagara falls tourism

Niagara Falls is located one and half hours south of Toronto, Ontario and only a stone’s throw to the American border. Niagara is Canada’s top tourist destination, an estimated 30 million people visit Niagara each year. $2.4 billion dollars a year is spent in the region which creates massive opportunity for Airbnb hosts. It has become a bucket list destination for most people on the globe.

Niagara Falls Tourism Stats

  • Annual Visitor Count: 13,000,000+

  • Accommodations Providers: 331

  • Annual GDP: $2.4 billion

Niagara Falls Airbnb By The Numbers

  • Active Vacation Rentals: 1,222

  • Annual Occupancy of Market: 52%

  • Average Daily Rate (ADR): $171

  • Annual Revenue Growth: 4%

  • Annual Occupancy Growth: 12%

Property Type Estimated Annual Revenue
Studio $17,000 - $24,000
One Bedroom $20,000 - $29,000
Two Bedroom $26,000 - $37,000
Three Bedroom $30,000 - $45,000

Kelowna, British Columbia

Kelowna is located in British Columbia’s Okanagan region, 4 hours from Vancouver, BC. It’s a summer hotspot for British Columbians looking to hit the beaches and lakes. Kelowna has become a hub of business and tourism within the Okanagan and hosts the UBC Okanagan campus and an international airport. The economic development of the city has created ample and sustainable opportunities for vacation rental owners. Despite the strong seasonality of the region it maintains a strong occupancy rate of 71%.

Kelowna Tourism Stats

  • Annual Visitor Count: 1,800,000+

  • Accommodations Providers: 84+

  • Annual GDP: $620 million

Kelowna Airbnb By The Numbers

  • Active Vacation Rentals: 803

  • Annual Occupancy of Market: 71%

  • Average Daily Rate (ADR): $214

  • Annual Revenue Growth: 11%

  • Annual Occupancy Growth: 20%

Property Type Estimated Annual Revenue
Studio $22,000 - $26,000
One Bedroom $25,000 - $30,000
Two Bedroom $35,000 - $45,000
Three Bedroom $59,000 - $65,000

Quebec City, Quebec

Quebec City is two and a half hours from Montreal, Canada. The city has much more of a French influence than its neighbour Montreal, which makes it a great destination for tourists. Quebec City has an amazing summer and winter season full of major events and festivals that will keep your unit full all year round. If you are interested in Quebec City as a market it is recommended that you be capable of speaking French fluently however it isn’t 100% necessary.

Quebec City Tourism Stats

  • Annual Visitor Count: 4,600,000+

  • Accommodations Providers: 900+

  • Annual GDP: $1.59 billion

Quebec City Airbnb By The Numbers

  • Active Vacation Rentals: 2,781

  • Annual Occupancy of Market: 71%

  • Average Daily Rate (ADR): $123

  • Annual Revenue Growth: 11%

  • Annual Occupancy Growth: 7%

Property Type Estimated Annual Revenue
Studio $20,000 - $27,000
One Bedroom $20,000 - $32,000
Two Bedroom $25,000 - $41,000
Three Bedroom $30,000 - $50,000

As you can see, there is still lots of opportunity for vacation rental ownership, especially in the top Airbnb markets in Canada!

Reach out to us at [email protected] and our team will be happy to help you with your plans to break into the market.

Just because a town didn’t make our list doesn’t mean there isn’t fantastic opportunity. We encourage you to reach out and ask about the towns you’re interested in. In addition, check out our list of the Top Airbnb Towns in BC!

CONTACT US TODAY!